Evergreen Recyclekaro (India) Limited: Company Profile, Financials
Evergreen Recyclekaro (India) Limited is a public limited company incorporated on 20 December 2010, headquartered in Maharashtra. Its registered office is located at Atrium B, Rupa Solitaire, Millennium Business Park, Mahape, Thane, Maharashtra. The company operates in the recycling sector, handling e-waste, discarded electronic devices and components, end-of-life vehicles, and lithium-ion battery materials.
Revenue growth: The company's revenue moved from the "more than ₹100 crore" bracket in FY24 to the "₹100–500 crore" bracket in FY25 — a sign of strong growth. This aligns with the broader upward trend in India's e-waste and battery recycling industry, which is being driven by rising vehicle numbers and tightening e-waste regulations.
Shareholding pattern: Based on available information, founders remain the largest shareholder group, holding 48.49%, followed by angel investors at 18.31%, parent companies at 4.80%, and funds at 0.89%. This is a notable shift from a 2022 report, which showed promoters holding 79.59% and the public holding 20.41%. The declining promoter stake alongside growing institutional and angel investor participation is a pattern often seen in companies preparing for a future public listing.
A note on marketing claims: Searches like "Invest in India's Top Unlisted Share Company" or "India's No. 1 Unlisted Share Company" are increasingly common as pre-IPO investing gains popularity, with investors hoping to benefit from potential listing-day gains. However, it's worth flagging that phrases like "No. 1 unlisted share company" are marketing language used across the industry and are not backed by any regulator-verified ranking. Such claims — from any dealer or platform, including this one — should be treated as promotional rather than verified fact.
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