Eco Recycling Limited

What Eco Recycling Limited does

Eco Recycling Limited (Ecoreco), founded in 2005 and publicly listed on BSE (bom:530643), is India's first professional e-waste management company and operates as an integrated recycler and IT asset disposition (ITAD) provider headquartered in Mumbai. The company delivers end-to-end electronic waste services including WEEE (Waste Electrical and Electronic Equipment) recycling, Extended Producer Responsibility (EPR) compliance, reverse logistics, certified data destruction (including India's first mobile shredding unit), IT asset disposition, lamp recycling, and lithium-ion battery recycling across a 40,000 sq ft processing plant and a new dedicated Vasai facility with combined capacity of 31,200 MTPA. Technology and process differentiators include precious metal recovery (gold, silver, copper, palladium, rare earths), advanced sorting and shredding lines, and a strategic co-development agreement with C-MET for advanced battery recycling methods. The company holds CPCB authorization, MPCB consent (valid to May 2027), R2v3 certification (the first in India, joining the TERRA global network), NAID membership, and ISO 9001/14001/27001/45001 certifications.

Ecoreco serves a diversified B2B and consumer customer base including multi-national corporates, OEMs and brand owners with EPR obligations, BFSI institutions, healthcare organizations, government departments, retailers, educational institutions, and households. Revenue is generated through fee-based recycling and ITAD services, EPR certificate issuance to producers and importers, secure data destruction engagements, lithium-ion and battery recycling fees, refurbishment and asset remarketing in ITAD, and a one-time Rs 25,000 Green Enterprise certification fee. Distribution spans direct enterprise field sales for B2B contracts, the BookMyJunk consumer app for household doorstep pickup, Green Enterprise partner network, 100+ drop-off centers, and a global footprint cited across six continents and 120+ countries for e-waste collection and processing. In January 2026 the company announced a strategic shift toward critical minerals recovery aligned with Indian government import substitution objectives, supported by the C-MET R&D partnership and the Vasai lithium-ion facility, marking its pivot from waste management into upstream materials recovery.

For FY2026 ended March 2026, the company reported total sales of Rs 48.18 crore (+9.60% YoY) with a sharply accelerating Q4 FY2026 at Rs 18.61 crore (+90.48% YoY) and Q4 consolidated net profit of Rs 7.65 crore (+267.79% YoY), suggesting the new capacity and product mix is converting top-line acceleration into disproportionate profit leverage, though the stock has declined approximately 55% from its 52-week high despite operational commissioning milestones.

Name

Eco Recycling Limited

Legal name

Eco Recycling Limited

Website

https://ecoreco.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Eco Recycling Limited (Ecoreco), founded in 2005 and BSE-listed, is India's first professional e-waste management company providing WEEE recycling, EPR compliance, ITAD, certified data destruction, and lithium-ion battery recycling to MNCs, OEMs, BFSI, healthcare, government, and households via a 31,200 MTPA integrated processing network.

Ownership category

akta.pro rank

Product category

E-Waste Recycling and Management Services

NAICS

Materials Recovery Facilities (562920), Hazardous Waste Treatment and Disposal (562211), Waste Treatment and Disposal (5622)

SIC

Refuse Systems (4953), Hazardous Waste Management (4955)

akta.pro primary industry

E-Waste (WEEE) Collection, Refurbishment & Recycling (IMAIAFAH)

akta.pro secondary industries

Battery Recycling & Management (Lithium-ion, Lead-acid) (BPALAIAF), Certified Compliance & Reporting Services (R2/e-Stewards, Audit, ESG) (BPALAIAL), Consumer E-waste Collection & Take-Back Programs (EUAIAIAA)

Keywords

• E-waste recycling
• IT asset disposition
• EPR compliance services
• Lithium-ion recycling
• Data destruction services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. E-Waste Recycling Services: Fee-based recycling services for WEEE (Waste Electrical and Electronic Equipment) including collection, processing, and material recovery. Services provided to MNCs, corporates, retailers, OEMs, and government entities.
2. EPR Compliance Services: Extended Producer Responsibility compliance services helping producers meet their regulatory obligations through certificate generation and documentation. Revenue generated through EPR certificate sales to manufacturers and importers.
3. ITAD (IT Asset Disposition): IT asset management services including secure data destruction, asset tracking, refurbishment, resale, and certified recycling for decommissioned IT equipment. Revenue from service fees and value recovery from asset remarketing.
4. Battery Recycling: Lithium-ion and battery waste recycling services processing PCBs, hard drives, and lithium-ion batteries with specialized hazardous material handling
5. Data Destruction Services: Certified physical and data destruction with proof of destruction for compliance and audit trails, including onsite mobile shredding capability
6. Green Enterprise Registration: One-time registration fees of Rs 25,000 for Green Enterprise certificate program, pioneered in 2007, honoring businesses for eco-friendly practices

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Eco Recycling Limited operates an end-to-end e-waste and lithium-ion battery management platform that collects, processes, and recycles Waste Electrical and Electronic Equipment (WEEE) for enterprises, OEMs, government departments, and households. The company delivers Integrated Producer Responsibility (EPR) compliance services, IT Asset Disposition (ITAD), certified onsite and offsite data destruction, reverse logistics, and critical minerals recovery across India and 120+ countries.

Product overview

Eco Recycling Limited (Ecoreco) operates as an integrated e-waste and lithium-ion battery management company offering a comprehensive suite of services. The core portfolio includes WEEE Recycling for end-to-end electronic waste processing, EPR Compliance services for regulatory obligations, Reverse Logistics for nationwide collection networks, Data Destruction (both Onsite via India's first mobile shredding facility and Offsite), ITAD (IT Asset Disposition) for secure asset management, Lamp Recycling, and Battery Recycling. The company also offers innovative products including Recycling on Wheels SmartER (mobile collection service), Eco-Bins (collection infrastructure), the Green Enterprise certification program, and the BookMyJunk consumer app. The portfolio functions as an integrated ecosystem where collection, logistics, processing, data security, and compliance services work together to provide end-to-end e-waste management solutions to MNCs, corporates, retailers, OEMs, government departments, and households.

Differentiator

Problem solved

Functional benefit

Brands

• BookMyJunk: Mobile app for seamless and effortless collection of e-waste from households, providing free pickup services
• SmartER (Recycling on Wheels)
• Eco-Bins

Products and services

• WEEE Recycling

Quantifiable outcome

• 90.48% year-on-year revenue growth in Q4 FY2026
• +3 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• TERRAcoreTechnology or Integration · 25 January 2024Eco Recycling Limited became the first R2v3 certified facility in India to join TERRA, the largest network of certified electronics reuse and recycling providers. This partnership enables global standards verification and expands the company's sustainable processes recognition internationally.
• C-MET (Centre for Materials for Electronics Technology)coreStrategic or Co-development Partner · 1 December 2023Strategic partnership with C-MET to revolutionize lithium-ion battery recycling technology in India. Joint development initiative for advanced battery waste processing methods.
• Logistics Company PartnersminorChannel Partner/ Reseller/ DistributorPartnerships with leading logistics companies to support the reverse logistics network with fleet of trucks and containers for efficient e-waste collection and transport.
• Electronics ManufacturerscoreChannel Partner/ Reseller/ DistributorCollaboration with electronics manufacturers to promote use of recycled materials in new device production and provide steady supply of high-quality recycled materials for circular economy.
• Institute of Scrap Recycling Industries (ISRI)minorOthersMembership in international industry association for scrap recycling industries, providing networking and standards alignment.
• Bureau of International Recycling (BIR)minorOthersMembership in global recycling industry body, contributing to circular economy promotion and industry standards.
• European Electronics Recyclers Association (EERA)minorOthersMembership in European e-waste recyclers association for knowledge sharing and best practice adoption.
• National Association for Information Destruction (NAID)minorOthersMembership in NAID for data destruction standards and certification alignment in secure information disposal.
• Federation of Indian Chambers of Commerce and Industry (FICCI)minorOthersMembership in FICCI for industry representation and policy advocacy in India's recycling sector.
• Nehru Science CentreminorStrategic or Co-development PartnerVolunteer partnership with Nehru Science Centre to manage e-waste and promote environmental awareness among public.

Scale indicators13 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• MSTC Limited: Government of India enterprise that operates e-waste and scrap management platforms. Overlaps with Ecoreco's EPR services and WEEE handling but at greater scale and with PSU backing.
• Umicore: Global materials technology and recycling group with a major battery materials and battery recycling business. Comparable to Ecoreco's lithium-ion battery recycling and critical minerals recovery strategy.
• Iron Mountain: Global information management company providing secure data destruction, IT asset disposition, and records management. Comparable to Ecoreco's ITAD and certified data destruction services at much larger scale.
• Sims Lifecycle Services: Global ITAD and electronics recycling arm of Sims Limited. Comparable to Ecoreco's ITAD and data destruction offering at much larger scale and with multinational enterprise customers.

Regional players

• CIMCON Recycling: North American e-waste and ITAD provider with R2v3 certification. Comparable service offering to Ecoreco (collection, processing, data destruction) but operating primarily in US/Canada markets.

Direct peers

• Lohum Cleantech: India-headquartered lithium-ion battery recycling and repurposing company. Directly competes with Ecoreco's lithium-ion battery recycling line of business and shares the same EV-driven end-market exposure.
• TES (Total ITAD Solutions): Global ITAD provider offering asset disposition, data destruction, and refurbishment services. Closely comparable to Ecoreco's ITAD and data destruction line of business across multiple geographies.
• Sage Sustainable Electronics: North American ITAD and e-waste recycling company with R2v3 certification. Closely comparable to Ecoreco's ITAD, WEEE, and data destruction offerings, though operating in a different geography.
• GreenServ Limited: Indian e-waste management company offering WEEE collection, recycling, and EPR compliance services. Comparable to Ecoreco in product mix, target customers (OEMs, enterprises), and regulatory certifications.
• Attero Recycling: India's largest lithium-ion battery and e-waste recycler. Most direct competitor to Ecoreco on lithium-ion battery recycling, WEEE processing, and precious metal recovery in the Indian market.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/eco-recycling-limited
• Xx.com/ecoreco_weee

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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 Eco Recycling Limited