Eco Recycling Ltd. (Ecoreco), one of India’s foremost formal e-waste recycling companies, continues to strengthen its position in sustainable electronic waste management. Headquartered in Mumbai, the company provides end-to-end recycling, recovery, and safe disposal solutions to leading domestic and global brands, ensuring environmental compliance and sustainability across its operations.
Capacity Expansion
Ecoreco has significantly expanded its processing capacity from 7,200 MTPA to 31,200 MTPA, funded entirely through internal accruals. The new facility in Maharashtra adds an additional 18,000 MTPA, enabling the firm to handle a larger volume of e-waste efficiently and support India’s growing demand for formal recycling infrastructure.
Comprehensive Service Portfolio
The company’s offerings cover a wide range of e-waste management services, including IT, telecom, medical, and consumer electronics recycling, secure data destruction (on-site and off-site), EPR compliance management, reverse logistics, and lamp recycling through mercury-safe processes. This integrated model enhances operational efficiency and client trust.
Strategic Partnerships and Memberships
Ecoreco has forged a strategic partnership with C-MET for Li-ion battery metal recovery, positioning itself for future opportunities in the circular economy. It is also a member of TERRA, a global e-waste recycling alliance, reinforcing its international standards and sustainable practices.
Technological Edge
Ecoreco leverages advanced global technologies from the US, Europe, and Japan, supported by digital platforms like the BookMyJunk app and EPR Connect portal, which streamline waste collection, compliance tracking, and customer engagement, making recycling accessible and efficient.
Industry Landscape
India’s e-waste market, valued at USD 1.7 billion in 2023, is projected to reach USD 5.2 billion by 2032, growing at a 13.5% CAGR. The Li-ion battery recycling segment alone is expected to surge from USD 3.8 billion to USD 23.2 billion by 2032. Strong policy reforms, EPR mandates, and the Critical Mineral Mission are driving the formalization of recycling and advancing the circular economy.
Financial Performance
Ecoreco has delivered robust financial growth, with revenue rising from Rs. 177 million in FY23 to Rs. 440 million in FY25. The company’s EBITDA margin improved sharply from 22.1% to 70.5%, reflecting higher operational efficiency, better realizations, and scale benefits.
Leadership and Vision
Under the guidance of Chairman Mr. B.K. Soni and CFO Mr. Shashank Soni, Ecoreco has emerged as a leader in India’s sustainable recycling ecosystem. The company remains focused on innovation, responsible resource recovery, and expanding its role in India’s green transition.
Conclusion
Ecoreco’s strategic expansion, cutting-edge technology, and strong financial performance underline its leadership in India’s evolving e-waste recycling sector. With a solid foundation in sustainability and policy-driven growth, the company is well-positioned to capitalize on rising EPR demand, circular economy initiatives, and emerging opportunities in the Li-ion recycling domain.
