What Ardee Industries does

Ardee Industries is an Indian secondary lead manufacturer and recycler headquartered in New Delhi, with primary production at a single facility in Tirupati, Andhra Pradesh. The company processes spent lead-acid batteries and lead scrap into refined lead at purities of 99.97% to 99.985%, alongside a portfolio of lead alloys that includes antimonial lead, calcium lead, selenium lead, and copper-clad products. These outputs are sold into the lead-acid battery, cable sheathing, and ammunition sectors.

The business operates a B2B industrial model with revenue indexed to LME/MCX lead benchmarks, distributing through long-term supply agreements — including contracts with global trading houses secured in 2021 — and direct relationships with anchor customers such as Exide Industries, Clarios, Amara Raja, Okaya, Indobat, HBL Power Systems, and East Penn Manufacturing. International positioning has been built progressively, with Star Export House recognition in 2021 and London Metal Exchange (LME) listing approval in December 2025.

Installed capacity of 104,390 MTPA following a 2024 expansion (from 54,000 MTPA) places Ardee among the larger Indian secondary lead producers. The company holds ISO certifications, NABL-accredited laboratory status (2026), and was recognized with a Battery Recycling Excellence Award in 2026. Headcount scaled from 74 (FY23) to 207 (FY25), and the business is preparing for an IPO, with the combined regulatory, capacity, and capital-markets activity signaling a phase of deliberate scaling.

Name

Ardee Industries

Legal name

Ardee Industries Limited

Website

https://ardeeindustries.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ardee Industries is an Indian secondary lead recycler that processes end-of-life lead-acid batteries into refined lead (99.97–99.985% purity) and lead alloys, supplying battery, cable, and ammunition manufacturers in domestic and export markets.

Ownership category

akta.pro rank

Product category

Nonferrous Metal Manufacturing (Lead)

NAICS

Nonferrous Metal (except Aluminum) Production and Processing (3314)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341)

akta.pro primary industry

Metal Melting & Secondary Smelting/Refining (Recycled Feedstock Producers) (EUAIAJAJ)

Keywords

• Lead recycling
• Refined lead
• Lead alloys
• Secondary smelting
• Lead manufacturing

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel

Revenue model

1. Refined Lead Sales: Manufacturing and selling high-purity refined lead ingots (99.97%-99.985% purity) to domestic and international markets. Revenue from sale of finished lead products.
2. Lead Alloys Sales: Production and sale of various lead alloys including Lead Calcium, Lead Antimony, Lead Tin, and Lead Cadmium alloys for battery manufacturing, cable manufacturing, ammunition, and hardware applications.
3. Scrap Material Processing: Sourcing and processing lead-bearing scrap materials including remelted lead ingots, lead scrap (ISRI Radio), drained scrap batteries (ISRI Rains), lead copper cable scrap (ISRI Relay), lead scrap wheel weights (ISRI Ropes), and wet battery scrap for recycling.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Ardee Industries is a secondary lead recycling and lead metal products manufacturer based in New Delhi, India. It manufactures refined pure lead at 99.97%-99.985% purity along with various lead alloys, processing scrap lead into finished metal products for industrial customers such as battery and cable manufacturers.

Product overview

Ardee Industries operates as a secondary lead recycling and lead metal products manufacturer with a single unified product portfolio. The core product is Refined Pure Lead (99.97%-99.985% purity), supplemented by value-added Lead Alloys including Lead Calcium, Lead Antimony, Lead Tin, Lead Cadmium, and Lead Selenium alloys. Their manufacturing facility in Tirupati, Andhra Pradesh has an installed recycling capacity of 104,390 MT per annum of finished goods. The Ardee Lead 9997 brand is LME-approved and the company also maintains MCX registration, enabling trading on commodity exchanges.

Differentiator

Problem solved

Functional benefit

Products and services

• Refined Pure Lead

Quantifiable outcome

• Production capacity expanded from 54,000 MT to 104,000 MT in 2024
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered major and core.

• Leading Global Trading HousesmajorChannel Partner/ Reseller/ Distributor · 1 January 2021Entered into long-term supply agreements with leading global trading houses, marking significant expansion in export operations. These partnerships enable global distribution of Ardee Industries' refined lead and lead alloy products to international markets.
• Material Recycling Association of IndiacoreOthersActive member representing key players in India's recycling industry. An apex National Association that supports the recycling sector's interests and promotes sustainable practices in India.
• Recycled Materials AssociationcoreOthersActive member representing 1,700+ companies across the globe with the mission to promote safe, environmentally responsible recycling practices internationally.
• India Lead Zinc Development AssociationcoreOthersActive member of this Non-profit, Non-Commercial Technical organisation for Lead Zinc Development, supporting industry standards and development initiatives.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Boliden AB: Swedish mining and smelting major with integrated production of zinc, lead, copper, and other non-ferrous metals. Comparable end-product (refined lead) and downstream industrial customers, though Boliden is a vertically integrated primary producer, not a specialist secondary recycler.
• Vedanta Limited: Indian diversified metals and mining conglomerate (parent of Hindustan Zinc) producing lead, zinc, copper, aluminum, and steel. Provides a broader comparable to Ardee's primary metal end-markets and Indian operating context, though lead is a relatively small part of Vedanta's portfolio.
• Hindustan Zinc Limited: India's largest integrated zinc-lead producer (Vedanta subsidiary) and operator of one of the world's largest zinc smelters. Overlaps with Ardee in lead metal output for industrial applications but operates primarily in primary (mining-to-metal) production rather than secondary recycling.

Others

• Clarios: World's largest automotive battery manufacturer and a current Ardee customer. Listed as OTHERS rather than peer because Clarios is a customer/downstream OEM rather than a competitor; included to highlight the lead-recycling-to-battery-OEM value chain that Ardee participates in.

Emerging players

• Attero Recycling: India-based specialist in battery and e-waste recycling with growing focus on lithium-ion battery recycling and metals recovery. Adjacent emerging player in India's recycling ecosystem with partial overlap in lead-acid battery feedstock processing.

Regional players

• Doe Run Company: US-based primary lead producer and one of the largest integrated lead producers in the Western Hemisphere, operating mining, smelting, and recycling operations. Comparable in producing refined lead and lead alloys for industrial/battery markets, with a North American footprint.
• Recylex S.A. European specialist in lead and polypropylene recycling from end-of-life lead-acid batteries, producing refined lead and lead alloys. Direct peer in the secondary lead value chain with comparable feedstock (scrap batteries), refining output, and downstream customer mix, focused on European markets rather than South Asia.

Direct peers

• Gravita India Limited: India's largest listed secondary lead recycler, producing refined lead and lead alloys from scrap batteries. Directly comparable to Ardee in feedstock (scrap lead-acid batteries), process (secondary smelting and refining), end markets (battery OEMs), and Indian manufacturing footprint. The natural benchmark for Ardee's pre-IPO valuation.
• Aqua Metals: US-based lead-acid battery recycling company using a water-based electrolysis refining process to produce ultra-pure lead. Comparable to Ardee in core activity (secondary lead production from scrap, primary customer base = lead-acid battery manufacturers), although it uses a different refining technology and operates primarily in North America.
• Mayco Industries: India-based producer of pure lead and lead alloys (antimony, calcium, tin) for battery, radiation shielding, and industrial applications. Direct competitor in the Indian secondary lead alloys market with overlapping product portfolio and end-customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Ardeeltd
• Facebookfacebook.com/profile.php?id=61578161184591
• LinkedInlinkedin.com/company/ardeeindustriesltd
• Instagraminstagram.com/ardeeindustriesltd

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 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 Ardee Industries