Evergreen Recyclekaro (India) Limited: Company Profile, Financials

Evergreen Recyclekaro (India) Limited was incorporated on 20 December 2010 and operates as a public limited company headquartered in Maharashtra, with its registered office located at Atrium B, Rupa Solitaire, Millennium Business Park, Mahape, Thane. The company is active in the recycling industry, working with e-waste, discarded electronic devices and components, end-of-life vehicles, and lithium-ion battery materials.

In terms of financial performance, the company's revenue grew from the "above ₹100 crore" bracket in FY24 to the "₹100–500 crore" bracket in FY25 — a clear growth signal. This trajectory reflects a larger shift happening across India's e-waste and battery recycling industry, propelled by growing vehicle ownership and increasingly strict e-waste regulations.

On the ownership side, founders remain the largest shareholder group at 48.49%, followed by angel investors at 18.31%, parent companies at 4.80%, and funds at 0.89%. This represents a significant change from 2022, when promoters held a much larger 79.59% stake and public shareholders held 20.41%. The gradual dilution of promoter holding, paired with rising participation from angel and institutional investors, is a pattern commonly seen in companies preparing for an eventual public listing.

Finally, it's worth noting a broader industry trend: as pre-IPO investing becomes more popular, search terms like "Invest in India Top Unlisted Share Company" or "India's No. 1  Unlisted shareCompany" have become increasingly common, reflecting investor appetite for early exposure ahead of potential listing gains. That said, such titles are not verified by any regulatory body — they are promotional phrases used broadly across the industry, including by platforms like this one, and should be understood as marketing rather than established fact.