What we do Antony Waste Handling Cell Ltd provides municipal solid waste management services including collection, transportation, processing, disposal, and waste-to-energy solutions across Indian cities. |
Founded in 2,001 |
Market share Among top five players in Indian municipal solid waste management with 25+ projects and leadership in landfill and waste-to-energy sectors. |
Problem solved Addresses urban waste management challenges by offering end-to-end municipal solid waste collection, processing, landfill management, and renewable energy generation options. |
Top clients or who we serve Indian municipalities including Mumbai, Navi Mumbai, Thane, Delhi, Greater Noida, and private sector players. Primarily B2G with some B2B engagements. |
Key management Chairman & Managing Director: Jose Jacob Kallarakal (Harvard Business School alumnus), Executive Director: Shiju Jacob Kallarakal, Independent Directors with strong professional backgrounds. |
Our journey and innovations Founded in 2001; pioneered MSW collection sector; launched India’s largest single-location facility; expanded into Waste-to-Energy; listed on stock exchanges in 2020; commissioned major WtE project in 2023. |
Where we operate Operations across 10 Indian states including Maharashtra, Delhi NCR, Andhra Pradesh, Uttar Pradesh, Telangana among others. |
Top products or what we offer Services include MSW collection & transportation, mechanized sweeping, waste processing, landfill construction and management, and waste-to-energy projects. |
Top brands Kanjurmarg Integrated Waste Facility (largest in Asia), Pimpri Chinchwad Waste-to-Energy Plant, Multiple municipal contracts in Mumbai, Delhi, and other cities. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring from long-term municipal contracts with pass-through cost escalations reducing risk. |
Our industry position Top five municipal solid waste management company in India with robust growth and credit ratings: CARE BBB+ (Stable). |
Financial highlights Revenue ₹959 Cr FY25; Net Profit ₹101 Cr FY25; EBITDA margin ~23%; consistent growth over 5 years; Net Debt/Equity 0.4x. |
Geographical revenue split 100% revenue from Indian market (multiple states and municipalities). |
Order book - |
Whats driving growth Increasing urbanization, government focus on sustainable waste management, expansion in waste-to-energy, and technological adoption drive growth. |
Our future plans Investing in new projects including mergers, expanding WtE capacity, bio-mining, and technology upgrades for operational efficiency. |
Our green promise ISO 14001 certified operations, emission control, leachate treatment, greenhouse gas capture, and strong ESG practices with emission reductions. |
Our people and values Over 10,000 employees with training in safety, inclusion policies like POSH, employee stock option plan, and focus on diversity and retention. |
Key challenges ahead Challenges include regulatory risks, counter-party credit risks with municipalities, maintaining operational efficiencies, and competition. |
Interesting facts Operates Asia’s largest single-location waste processing plant; first integrated WtE project inaugurated by PM Narendra Modi in 2023. |
Risks and strategy Mitigates risks via diversified contracts, pass-through revenue models, focus on financially stable municipalities, and strong governance. |
