Pegasus Waste Management

What Pegasus Waste Management does

Pegasus Waste Management Pvt. Ltd., headquartered in Gurugram, Haryana, is an integrated e-waste and plastic recycling company operating what it describes as India's 3rd largest scientific e-waste recycling facility, registered with the CPCB and HSPCB. Its fully automated Binola (Gurugram) plant combines inspection, refurbishment, dismantling, shredding, PCB recycling, plastic recovery, metal recovery, oil recovery and gas recovery under one roof, supplemented by a recycling and refurbishment facility in Hoskote, Karnataka, and 25+ collection centres across India. The proprietary stack includes a Precious Metal Recovery process claiming 97% recovery at 80% lower energy consumption, a Component Removal Machine for PCB processing, an in-house assay laboratory for accurate precious metal content calculation, an ESD Class 10 clean room for sensitive IT assets, and Degausser-based data destruction.

The company serves four primary segments: electronic OEMs, IT and telecom operators (with signed MoUs at BSNL and MTNL), consumer electronics manufacturers, and government/PSU entities including the Indian Air Force and Indian Navy. Named customers span Airtel, Reliance Jio, HP, LG, Samsung, Tata Steel, Maruti Suzuki, HDFC Bank, Indus Towers, NHAI, JSW and others. Revenue is generated through five streams: e-waste and plastic recycling services (transaction fees), advisory and EPR compliance services (professional fees), precious metal refining (transaction fees on gold, silver, platinum, palladium), end-to-end OEM solutions, and IT asset decommissioning services. Distribution is direct enterprise field sales supplemented by indirect collection via pickers, scrap dealers, aggregator partners (Hulladek, SWAPECO) and MoU partnerships with PSUs and IT parks.

In 2024 Pegasus was acquired and rebranded by Singapore-based Blue Planet Environmental Solutions, with ESG Solutions Pte Ltd, Singapore listed as a shareholder. Founder Praveen Bhargava (34 years in waste management) continues as Director, supported by CEO Ravi Kumar Neeladri and finance lead Vikash Jain. Pricing is non-public and tailored per engagement; the operating model depends on regulatory licences (CPCB/HSPCB authorisations, HWM authorisation, ISO 9001/14001/45001 certifications) that function as hard entry barriers for formal-sector competitors.

Name

Pegasus Waste Management

Legal name

Pegasus Waste Management Pvt. Ltd.

Website

https://thepegasus.co.in

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Pegasus Waste Management is an Indian CPCB-authorised integrated e-waste recycler operating a fully automated plant in Gurugram and 25+ collection centres nationwide. It serves OEMs, IT/telecom firms, consumer electronics companies, and government/PSU clients with recycling, EPR compliance, data destruction, and precious metal refining services.

Ownership category

akta.pro rank

Product category

E-waste Recycling Services

NAICS

Hazardous Waste Treatment and Disposal (562211), Materials Recovery Facilities (562920), Waste Collection (56211), Waste Treatment and Disposal (5622)

SIC

Hazardous Waste Management (4955)

akta.pro primary industry

E-waste & Universal Waste Collection/Transfer (Electronics, Lamps, Batteries) (EUAIABAG)

akta.pro secondary industries

Universal Waste Management (Batteries, Lamps, Mercury-Containing) (BPALAHAL), Hazardous Waste Recycling & Recovery (Solvent Recovery, Oil Re-refining, Metals Recovery) (EUAIAFAI)

Keywords

• E-waste recycling services
• Plastic waste management
• Precious metal refining
• EPR compliance services
• IT asset decommissioning

Headquarters

HQ city

Haryana

HQ country

India

HQ region

Asia

Offices30 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. E-Waste and Plastic Recycling Services: Service-based revenue from comprehensive recycling, industry-specific waste management, quality control, and sustainability solutions for businesses and corporations. Handles, manages, processes, and recovers virgin metals from electronic waste, electrical waste, battery waste, metal waste, and plastic waste.
2. Advisory and Compliance Services: Professional services including EPR compliance and management, corporate policy development for producers, e-waste awareness programs, take-back planning and warehousing, used asset disposition management, retailer unsold stock management, and factory accumulated e-waste management.
3. Precious Metal Refining: Refining of precious metals (gold, silver, platinum, palladium) as by-products of the waste stream. Provides financial return from recycled waste streams with higher recovery rates of non-ferrous metals.
4. End-to-End OEM Solutions: End-to-end solutions for OEMs with 100% transparency, secure disposal, and destruction as per legal compliance. Includes decommissioning services for electronic, networking, and IT assets.
5. Decommissioning Services: Decommissioning of used electronic, networking, and IT assets with data recovery, refurbishment, and recycling processes. Secure pickup and drop-off services for on-site data recovery and data destruction.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Pegasus Waste Management is a 360° e-waste and plastic recycling solutions company operating a fully integrated recycling plant in Binola, Gurugram. It collects, manages, processes, and recovers virgin metals from electronic, electrical, battery, metal, and plastic waste streams for businesses, OEMs, IT/telecom firms, and government entities. Services span inspection, refurbishing, dismantling, shredding, PCB recycling, precious metal refining, data destruction, and decommissioning of IT assets in compliance with India's E-Waste Management Rules.

Product overview

Pegasus Waste Management is a 360° E-waste and plastic recycling solutions company offering end-to-end services. The portfolio consists of advisory services (E-waste management compliance, EPR compliance, corporate policy development), corporate services (OEM, consumer electronics, IT & telecom recycling), and specialized processing services including Refining (precious metal recovery), Data Destruction, Decommission, Advanced Material Recovery, and Responsible Recycling. The integrated plant at Binola, Gurugram handles the complete recycling operations from inspection through final material recovery.

Differentiator

Problem solved

Functional benefit

Products and services

• E-Waste Management & Compliance Services Advisory services covering E-waste management compliance, EPR (Extended Producer Responsibility) compliance and management, corporate policy development for producers, community-level awareness programs, take-back planning and warehousing, and factory-accumulated e-waste management.
• Recycling for Electronic OEMs Comprehensive end-to-end recycling solution for Original Equipment Manufacturers with 100% transparency, secure disposal, and destruction as per legal compliance. Includes OEM-specific compliance documentation and certificate of destruction.
• Recycling for Consumer Electronics Combination of direct and dealer-based procurement to acquire electronic waste from consumer electronics manufacturing centers, using established e-waste collection groups.
• Recycling for IT & Telecom Companies Compliant e-waste disposal and recycling for corporate IT and telecom clients, including equipment assessment, repair evaluation, and MoU-based collection from major corporations, IT parks, and state-owned enterprises like BSNL and MTNL.
• Precious Metal Refining Services Precious metal refining including gold, silver, platinum, and palladium recovery from e-waste through chopping, roasting, milling, chemical processing, and melting. Features in-house world-class assay laboratory for accurate precious metal content calculations with claimed 97% recovery rate.
• Data Destruction Services Secure data erasure through state-of-the-art shredding that breaks components into minute parts, with refining of metals and plastics as per e-waste management rules. Covers desktops, laptops, monitors, phones, and other electronic devices. Includes Degausser for HDD destruction.
• Decommission Services Decommissioning of used electronic, networking, and IT assets with data recovery, refurbishment, recycling, and secure pickup/drop-off services for large business setups and data centers.
• Advanced Material Recovery Fully automated processing plant delivering best-in-market material recovery solutions. Comprehensive sorting of goods and shredded fractions to recover precious metals, hazardous materials, non-ferrous metals, and plastics, with claimed recovery of 15+ metal variants.
• Responsible Recycling Reuse-focused recycling with refurbishment, repair, and reuse of e-waste components, including decommissioning and disposal of electronics, electrical appliances, and end-of-life gadgets with environment-friendly processes.
• Plant & Facilities Processing Services Complete integrated recycling operations at the Binola, Gurugram facility including inspection, refurbishing, dismantling, shredding, PCB recycling, plastic recovery, metal recovery, oil recovery, gas recovery, and utility services. 40,000 MT scalable processing capacity with 120 MT hazardous waste disposal capacity.

Quantifiable outcome

• 97% precious metal recovery rate
• +6 more outcomes

Named customers23 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered major and minor.

• BSNL (Bharat Sanchar Nigam Limited)majorStrategic or Co-development PartnerPegasus has signed MoUs with BSNL for e-waste collection and recycling services. Pegasus collects e-waste from BSNL operations and processes it in compliance with E-Waste (Management) Rules.
• MTNL (Mahanagar Telephone Nigam Limited)majorStrategic or Co-development PartnerPegasus has signed MoUs with MTNL for e-waste collection and recycling services. Pegasus collects e-waste from MTNL operations and processes it in compliance with E-Waste (Management) Rules.
• HulladekmajorStrategic or Co-development PartnerHulladek (founded by Nandan Mall, CEO) has been working with Pegasus for over a year. Partnership focused on professional and technical collaboration for e-waste recycling with Hulladek CEO praising Pegasus's professionalism and technical expertise.
• SWAPECOminorStrategic or Co-development PartnerSWAPECO (led by CEO Mukul Chhabra) partnered with Pegasus for e-waste disposal and recycling services. SWAPECO CEO praised Pegasus's simple process, efficient pickup, and immediate payment upon delivery.
• Ernst & Young (E&Y)minorImplementation/ SI/ Consulting PartnerE&Y team (led by Kshitij Sharma from Gurgaon office) visited Pegasus facilities and expressed appreciation for the integrated recycling facility, process-oriented culture, and emphasis on worker safety.
• Saahas Zero WasteminorStrategic or Co-development PartnerSaahas Zero Waste (led by Deepika Chhetri) visited Pegasus facilities from Gurgaon. The visit focused on learning about Pegasus's recycling processes and potential collaboration.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Attero Recycling: India's largest formal e-waste and lithium-ion battery recycler with integrated processing, precious-metal recovery, and OEM/EPR partnerships. Most direct Indian competitor to Pegasus across the full e-waste value chain.
• Saahas Zero Waste: India-based waste management company with e-waste collection and processing capabilities, including bulk-corporate and institutional programs. Named in Pegasus's data as a partner exploring collaboration, indicating direct operational overlap.
• Karo Sambhav: Gurugram-headquartered e-waste management company operating Producer Responsibility Organizations (PROs) for OEM compliance. Direct competitor for EPR-driven OEM collections across India.
• Eco Recycling Ltd (Ecoreco): Mumbai-based listed Indian e-waste recycler offering collection, dismantling, recycling and EPR compliance services to corporates and OEMs. Overlaps with Pegasus on OEM servicing and EPR-driven take-back volumes.

Emerging players

• Hulladek Recycling: Northeast India-focused e-waste aggregator/recycler that partners with Pegasus for downstream processing. Comparable on collection and EPR compliance but smaller-scale processing footprint.

Broad incumbents

• Suez Recycling and Recovery India: Global environmental services group providing waste collection, recycling and resource recovery, including hazardous waste streams, in India. Overlaps with Pegasus on industrial waste compliance and recycling infrastructure.
• TES (Total Environment Solutions): Singapore-headquartered global IT asset disposition and e-waste recycler with operations across Asia, Europe and the Americas. Comparable as a multinational integrated e-waste services provider competing for OEM/enterprise contracts.
• Umicore: Belgium-based global materials technology and recycling group with a major precious-metals refinery business recycling complex end-of-life electronics and industrial residues. Comparable on advanced PMR capabilities and integrated metals recovery.
• Veolia India: Global environmental services major operating hazardous waste management and recycling in India. Comparable on regulated hazardous-waste collection, treatment and disposal for industrial and government clients.

Regional players

• GreenServ (Greenserve Environmental Solutions): India-based hazardous waste management operator providing collection, treatment and disposal services. Overlaps with Pegasus on the hazardous-waste handling arm of the e-waste value chain in India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Pegasus Waste Management