ReNew IT

What ReNew IT does

ReNew IT, legally Sriram Eco Raksha Computer Services Pvt Ltd and headquartered in Bengaluru, is a privately held refurbisher and remarketer of enterprise-grade desktops and laptops (Dell, HP, Lenovo, Acer) sourced primarily from large multinational corporations at the end of corporate lease cycles. Incorporated in Karnataka and operating since circa 2009 with a disclosed team of 1-10, the company holds India's first Microsoft Authorized Refurbisher (MAR) certification — a credential held by only two entities in the country — enabling shipment of systems with genuine Windows licenses and WHQL-certified drivers. Operations run from a corporate office in Mathikere, Bengaluru and a refurbishment facility in the Bommasandra industrial estate.

The product catalog spans entry-level machines (Acer M 200 desktops from Rs 4,500-7,500) through mid-range business systems (HP 600 G1, Dell 3090) to high-end refurbished laptops with Core i7 and Core i9 processors and discrete graphics (Dell Latitude 5510, Dell 5540 at Rs 48,500). Each unit is run through stringent quality testing with defective-part replacement, ships with a 6-month to 1-year warranty, and bundles monitor, keyboard, mouse, and power cables where applicable. An optional extended warranty / Annual Maintenance Contract is offered as an add-on revenue line. The company also operates social-impact verticals: 'Computers in Schools' (a CSR bridge channel between corporate lease-return donors and NGOs running school computer labs) and 'Donate Your Computer' (a pickup-and-refurbish program for individual donors).

The business model is direct-to-consumer e-commerce, with self-serve purchase through renewit.in/shop, PAN India delivery, and certified third-party service locations across major cities. Revenue is essentially one-time hardware sales at 30-40% discounts versus new equivalents, supplemented by warranty extensions and CSR/NGO bulk deployments. Named customers include DXC Technology, Parexel, Sansera Engineering, Ray Life Sciences, Ridecraft Ventures, BSHIP, and nonprofit partners such as NIIT Foundation, Bhumi, Rotary, United Way Bengaluru, and eVidyaloka. The company is founder-led (co-founders Mukund BS and Raghav Boggaram), self-funded with no disclosed external capital, and provides no public revenue or ARR figures.

Name

ReNew IT

Legal name

Sriram Eco Raksha Computer Services Pvt Ltd

Website

https://renewit.in

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

ReNew IT is a Bengaluru-based Microsoft Authorized Refurbisher (India's first) that sources end-of-lease enterprise desktops and laptops from large MNCs, refurbishes them with genuine Windows licenses, and sells them direct-to-consumer via a PAN India e-commerce storefront to students, schools, NGOs, startups, and SMBs at 30-40% discounts versus new machines.

Ownership category

akta.pro rank

Product category

Refurbished Computer Hardware

NAICS

Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (423430)

SIC

Retail-Computer & Computer Software Stores (5734)

akta.pro primary industry

Certified Refurbished Electronics Retail (CRACAJAD)

akta.pro secondary industry

Electronics Refurbishment, Repair & Reuse (Remarketing/Resale) (BPALAIAD)

Keywords

• Refurbished computers
• Used desktop sales
• Used laptop sales
• Computer refurbishment services
• Affordable computing hardware

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Refurbished Computer Sales: One-time hardware sales of refurbished desktops and laptops sourced from enterprise lease returns. Products include branded computers (Dell, HP, Lenovo, Acer) with varying specifications and price points ranging from entry-level to business-grade systems.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ReNew IT refurbishes and resells branded desktops, laptops, and computer-related devices sourced from large multinational corporations after their end-of-lease cycles. As India's first Microsoft Authorized Refurbisher, the company delivers genuine Windows-licensed systems with WHQL-certified drivers, rigorous quality testing, and warranty coverage. It sells through its own e-commerce website with PAN India delivery, targeting students, schools/NGOs, and small businesses.

Product overview

ReNew IT operates as a certified refurbished computer retailer offering two primary product lines: Refurbished Desktops and Refurbished Laptops. Their desktop portfolio includes branded systems from HP, Dell, Lenovo, and Acer, ranging from budget options like the Acer M 200 (entry-level) to business workstations like the HP Elitedesk 800 G3 and Dell 3090. The laptop lineup spans from affordable models like the Dell 3410 to premium business laptops like the Dell Latitude 5510 and Dell 5540 with Core i9 processors. All products come with genuine Windows licenses (Windows 10 or 11), rigorous testing, and warranty coverage. Beyond hardware sales, ReNew IT offers supporting services including computer lab setup for schools and NGOs, a computer donation program, and optional extended warranty plans. The company positions itself as India's first Microsoft Authorised Refurbisher, emphasizing quality assurance and environmental sustainability through computer refurbishment and reuse.

Differentiator

Problem solved

Functional benefit

Products and services

• Refurbished Desktops Refurbished branded desktop computers (Dell, HP, Lenovo, Acer) sourced from large MNCs after end of lease. Available in variants ranging from P4s to Core i7 processors. All systems come with genuine Windows licenses, rigorous testing, warranty, and include monitor, keyboard, mouse, and power cables.
• Refurbished Laptops Refurbished branded laptops (Dell, HP, Lenovo) available in variants ranging from Core2Duo, Dual core, Core i3, i5 to Core i7 processors. All laptops come with genuine Windows licenses, thorough inspection and testing, and warranty coverage.
• Computer Lab Setup for Schools and NGOs CSR service in which ReNew IT acts as a facilitator between corporate organizations and NGOs, procuring and refurbishing computers from corporates whose lease is at end of life cycle and providing them to NGOs that have identified schools needing computer labs.
• Donate Your Computer Program Service allowing individuals to donate old computers for refurbishment and deployment to needy students or NGOs. Includes pickup service, refurbishment, and delivery to beneficiaries, with notification of the device's final condition and recipient.
• Warranty and Support Services 6-month to 1-year service warranty on all certified refurbished devices, with an optional extended warranty available for purchase. Includes customer support via phone and email.
• Refurbished Laptop Services Services including proper software checks, battery replacement, SSD upgrades, and RAM upgrades for refurbished laptops to extend lifespan and improve performance.

Quantifiable outcome

• Up to 30-40% cost savings compared to new computers

Named customers11 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Cashify: India's leading recommerce platform for used and refurbished electronics. While primarily known for smartphones, Cashify has expanded into refurbished laptops/desktops and competes for the same affordability-conscious customer base as ReNew IT.
• GreenDust: Indian reverse-logistics and recommerce company that refurbishes and resells returned, used, and open-box electronics including laptops and desktops. Comparable business model focused on affordable certified pre-owned devices.
• Yaantra: India-based refurbished and recommerce platform selling certified pre-owned smartphones, laptops, and electronics with warranty. Direct overlap with ReNew IT's affordable refurbished computing value proposition and warranty-backed model.
• Amazon Renewed (India): Amazon's India storefront for refurbished and pre-owned products, including certified laptops and desktops. Directly competes with ReNew IT for online refurbished-PC buyers, leveraging Amazon's marketplace traffic, fulfillment network, and buyer trust.
• Flipkart (Refurbished / 2GUD Super): Flipkart's refurbished electronics marketplace targets the same Indian price-sensitive buyers as ReNew IT — students, SMBs, and first-time PC buyers — with similar branded refurbished laptops and desktops from Dell, HP, Lenovo.

Others

• Ingram Micro Lifecycle / ITAD: Global IT asset disposition and refurbishment services provider operating in India. Functions as both supplier of pre-owned enterprise IT inventory and adjacent service competitor; comparable through shared refurbished-IT supply chain rather than direct retail overlap.

Broad incumbents

• HP Renew: HP's official refurbished program for its own enterprise-grade hardware. A broad incumbent selling the same brand used/refurbished enterprise PCs through OEM channels, with comparable quality assurance but narrower brand assortment.
• Dell Refurbished / Dell Outlet: Dell's own certified refurbished channel for Latitude, OptiPlex and other enterprise PC lines. Direct OEM alternative to ReNew IT for buyers of Dell-branded enterprise refurbished hardware, competing on warranty and authenticity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ReNewIT
• Facebookfacebook.com/ReNew.AffordableComputers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ReNew IT