How does RecycleKaro collect e-waste?

RecycleKaro operates a multi-channel collection model including doorstep pickup scheduling through its website and app (consumers schedule collections online), corporate and institutional bulk pickup programs, drop-off collection points, and partnerships with electronics retailers and manufacturers for trade-in and take-back programs.

Is Evergreen RecycleKaro India Limited listed on a stock exchange?

No, Evergreen RecycleKaro India Limited is an unlisted company. Its shares are not traded on BSE or NSE. The very high share price of Rs 1,00,000 per share is typical of unlisted companies with a small number of high face-value shares rather than a broad public shareholding.

When was Evergreen RecycleKaro India Limited incorporated?

Evergreen RecycleKaro India Limited was incorporated in 2010 in Maharashtra, making it among the early formalised e-waste recycling enterprises in India during a period when e-waste regulations were beginning to take shape.

How do I buy Evergreen RecycleKaro India unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

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Is there a minimum ticket size for Evergreen RecycleKaro India?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Evergreen RecycleKaro India shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Evergreen RecycleKaro India Unlisted Share Price | Buy Evergreen RecycleKaro India Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Evergreen RecycleKaro India Unlisted Share Price | Buy Evergreen RecycleKaro India Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Evergreen RecycleKaro India Limited is an early-stage formal e-waste recycler positioned in one of India's most underpenetrated and regulatory-driven waste management segments. The long-term thesis is compelling — India's e-waste volumes are large and growing while formal processing capacity remains minimal. Near-term execution risk centres on regulatory enforcement quality and capital availability. The company has genuine growth potential but faces the classic challenge of scaling a formal business model against an entrenched, cost-competitive informal sector.

Pros

Evergreen RecycleKaro India Limited operates in the fast-growing e-waste management sector, which is driven by India's rapid electronics consumption growth, rising awareness of environmental obligations, and stricter regulatory enforcement under E-Waste Management Rules
India generates over 3 million tonnes of e-waste annually and is among the world's top e-waste generators, yet formal recycling capacity remains far below the volume generated, creating a large structural opportunity
The RecycleKaro brand has built recognition in the e-waste collection and recycling space, with a consumer-facing platform for scheduling doorstep e-waste pickup — a differentiating service model
E-waste recycling is classified as a priority sector under India's Swachh Bharat Mission and digital circular economy initiatives, potentially attracting government support and corporate CSR partnerships
Extended Producer Responsibility (EPR) regulations in India require electronics manufacturers, importers, and brands to meet e-waste collection and recycling targets, creating a B2B demand driver for formal e-waste processors like RecycleKaro
Recovery of precious metals (gold, silver, palladium) and base metals from e-waste streams provides a secondary revenue source beyond processing fees

Cons

The e-waste recycling sector in India remains highly fragmented, with the informal sector accounting for an estimated 90-95% of e-waste processing, making it difficult for formal operators to compete on collection cost
Regulatory enforcement under E-Waste Management Rules has historically been inconsistent, reducing the competitive pressure on informal recyclers and limiting volume flowing to formal processors
The extremely high share price of Rs 1,00,000 per share suggests either very few shares outstanding (high face-value unlisted) or a pricing anomaly, making the valuation opaque
The company is relatively young (incorporated 2010) and operating in a capital-intensive sector where processing infrastructure and collection networks require sustained investment
Awareness among Indian consumers and businesses about legal e-waste disposal obligations remains low, constraining collection volumes through formal channels
Competition from both informal recyclers (lower cost) and larger formal operators backed by institutional capital creates a challenging competitive environment

Business Segments

Consumer E-Waste Collection and Recycling

Doorstep and drop-off collection of e-waste from households and individuals; processing at authorised recycling facilities; consumer brand building through RecycleKaro platform

Corporate and Institutional E-Waste Management

Bulk e-waste pickup, asset disposal, and data destruction services for corporates, government bodies, and institutions; IT asset disposal (ITAD) with certified data wiping

EPR Compliance Services

Registered EPR partner for electronics producers and importers, enabling brands to meet their statutory e-waste collection and recycling targets under India's E-Waste Management Rules

Revenue Model

RecycleKaro earns revenue through e-waste processing fees charged to corporate and institutional clients for bulk collection and disposal, EPR compliance service fees from electronics producers seeking to meet their statutory recycling obligations, and material recovery revenue from selling recovered metals and recyclable plastics from processed e-waste. The consumer channel (doorstep pickup) primarily serves as a brand-building and lead-generation activity, with monetisation through material recovery value.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds14

Growth Plans

Strengthening of EPR enforcement by MoEF reducing the informal sector's competitive advantage

Growing corporate ESG and extended producer responsibility mandates driving bulk e-waste disposal through formal channels

India's digital infrastructure expansion (5G rollout, data centre growth, consumer electronics penetration) accelerating e-waste generation volumes

Potential PE/impact investor interest in formal e-waste players as ESG-linked investment themes gain traction

Recent Developments

E-Waste Management Rules 2022 — Regulatory Tailwind

India's Ministry of Environment, Forest and Climate Change notified revised E-Waste Management Rules 2022, significantly strengthening EPR obligations on producers and importers and creating a centralised EPR portal for compliance tracking — directly expanding formal e-waste processor demand

2022

EPR Certificate Market Development

India's EPR framework enabled the trading of EPR certificates between registered recyclers and producers, creating a new compliance-driven market that RecycleKaro is positioned to participate in as an authorised e-waste dismantler and recycler

2023

Corporate ESG-Driven Demand Growth

Rising corporate ESG commitments and supply chain sustainability mandates from multinational clients drove increased bulk e-waste disposal engagements for formal recyclers like RecycleKaro across the IT and electronics sectors

Comparable Companies

CompanyTypeTickerMkt Cap

Attero RecyclingIndia's leading e-waste recycler; direct competitor in the EPR compliance market.Unlisted——

Eco Recycling (Ecoreco)Another significant Indian e-waste management company in the same compliance market.Unlisted——

Attero RecyclingUnlisted

India's leading e-waste recycler; direct competitor in the EPR compliance market.

Eco Recycling (Ecoreco)Unlisted

Frequently Asked Questions

Evergreen RecycleKaro India Limited provides e-waste (electronic waste) recycling services in India under the RecycleKaro brand. The company collects end-of-life electronics — including mobile phones, computers, televisions, and other consumer and industrial electronics — from households, corporates, and institutions, and processes them at authorised recycling facilities to recover valuable materials and ensure environmentally safe disposal of hazardous components.

Extended Producer Responsibility (EPR) under India's E-Waste Management Rules (amended in 2022) requires electronics manufacturers, importers, and brand owners to ensure the collection and recycling of e-waste equal to their annual production or import volumes. Formal e-waste processors like RecycleKaro can become EPR-registered partners, collecting and processing e-waste on behalf of producers to help them meet their compliance targets — creating a significant B2B revenue stream.

E-waste processing recovers a range of valuable materials including precious metals (gold, silver, palladium from circuit boards), base metals (copper, aluminium, iron, tin), plastics for recycling, and rare earth elements from certain electronics components. Hazardous materials like lead, mercury, cadmium, and brominated flame retardants are safely isolated and disposed of to prevent environmental contamination.

About Evergreen RecycleKaro India

Evergreen RecycleKaro India Limited is a Navi Mumbai-based e-waste recycling company incorporated in 2010 (CIN: U93030MH2010PLC211127). The company operates in the rapidly growing e-waste management sector, collecting, processing, and responsibly recycling electronic waste from corporate, industrial, and consumer sources. E-waste recycling is a critical and growing industry in India — the country generates approximately 3.2 million tonnes of e-waste annually and is the third-largest e-waste generator in the world. The E-Waste (Management) Rules 2016 (and 2022 amendments) mandate Extended Producer Responsibility (EPR), creating a regulatory-driven demand for compliant e-waste recyclers like Evergreen RecycleKaro. The company has achieved impressive growth, with revenues of approximately Rs 221 crore in FY2025 at an estimated 75% CAGR — an exceptional growth trajectory driven by increasing corporate EPR compliance mandates and growing e-waste volumes from India's electronics consumption boom. Evergreen RecycleKaro's business model benefits from multiple revenue streams: collection fees from EPR certificate buyers, commodity revenue from recovered materials (gold, silver, copper, plastics from recycled electronics), and recycling service fees. The compliance-driven nature of the EPR market creates sticky, recurring demand. Shares are available through platforms like UnlistedZone for investors seeking exposure to India's booming e-waste and circular economy sector.

Key Milestones

2010: Evergreen RecycleKaro India Limited incorporated in Maharashtra; RecycleKaro brand established for consumer-facing e-waste collection

Common questions about unlisted shares

How do I buy Evergreen RecycleKaro India unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Risk factors & red flagsInvestment risks and items flagged from public filings10

Regulatory / LegalLow

India's informal e-waste recycling sector handles ~90-95% of all e-waste at significantly lower cost (due to absence of regulatory compliance costs), making it very difficult for formal operators to attract price-sensitive collectors

Source: Regulatory Filings

Business ScaleLow

If EPR enforcement remains lax, electronics producers may not prioritise formal recycler partnerships, reducing the B2B revenue opportunity for companies like RecycleKaro

Source: Company Financial Filings

Fraud / GovernanceLow

E-waste processing infrastructure (shredding, metal recovery, hazardous waste treatment) requires significant capital investment; a small unlisted company like RecycleKaro may struggle to scale rapidly without institutional funding

Source: Media Reports / Public Records

Fraud / GovernanceLow

Material recovery revenue is sensitive to precious and base metal price fluctuations; a downturn in gold or copper prices reduces the residual value of processed e-waste

Source: Company Financial Filings

Operational RiskLow

Low consumer awareness of e-waste disposal obligations and proper recycling channels in India constrains doorstep collection volumes and limits the consumer-facing business model's scalability

Source: Regulatory Filings

Informal Sector Competition

Regulatory Enforcement Risk

If EPR enforcement remains lax, electronics producers may not prioritise formal recycler partnerships, reducing the B2B revenue opportunity for companies like RecycleKaro

Scale and Capital Risk

Commodity Price Risk

Material recovery revenue is sensitive to precious and base metal price fluctuations; a downturn in gold or copper prices reduces the residual value of processed e-waste

Consumer Awareness Gap

Low consumer awareness of e-waste disposal obligations and proper recycling channels in India constrains doorstep collection volumes and limits the consumer-facing business model's scalability

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