What we do Ganesha Ecoverse Ltd operates in recycled specialty yarn manufacturing using sustainable processes, producing versatile textile yarns and sustainable garments, with recent expansion into spun yarn production through associate consolidation. |
Founded in 2,003 |
Market share Emerging player in recycled textile yarn segment with growing presence post strategic acquisition and merger, focusing on sustainability and innovation in Indian textile industry. |
Problem solved Provides environmentally responsible textile solutions by recycling polyester fibres to reduce water usage and environmental impact in garment manufacturing. |
Top clients or who we serve Supplies spun yarn and sustainable fabrics to textile manufacturers and garment producers, including partnerships with entities like Indian Oil Corporation; B2B focus. |
Key management Shri Vishnu Dutt Khandelwal (Director, Promoter), Shri Sandeep Khandelwal (Managing Director) |
Our journey and innovations Founded in 2003, underwent multiple name changes, diversified from steel marketing to textiles and real estate; acquired major stake in GESL Spinners in 2024 and approved merger in 2025 to strengthen textile domain. |
Where we operate Primarily operates in India with business focused on the textile sector and recent expansions within Uttar Pradesh state. |
Top products or what we offer 100% recycled specialty yarns including dope-dyed yarns for sustainable textiles, spun yarn, sewing thread made from recycled polyester fibre, and sustainable garments. |
Top brands - |
Raw materials needed Recycled Polyester Staple Fibre and textile waste used as core raw materials for producing recycled yarns. |
Raw materials supplier Details not specified; likely sourced from textile recycling units and supply chain partners. |
Recurring vs cyclical contribution Revenue mostly cyclical aligned with textile industry demand; recent investments aim to stabilize through diversified product offerings. |
Our industry position Positioned as an emerging sustainable textile manufacturer with growing capacity post-acquisition; not yet a market leader. |
Financial highlights Standalone revenue of Rs. 10.58 crore in 2024-25 with a net loss of Rs. 1.46 crore due to provisioning and market losses; rights issue raised Rs. 46.95 crore for strategic growth. |
Geographical revenue split - |
Order book - |
Whats driving growth Sustainability trends, strategic merger with GESL Spinners, and focus on recycled yarn innovation are key growth drivers. |
Our future plans Merger of associate GESL Spinners approved for 2025 to consolidate textile operations and enhance capacity; expanding sustainable garment partnerships. |
Our green promise Commitment to sustainability through 100% recycled yarns, water reduction in dyeing processes, and partnership for eco-friendly garment production. |
Our people and values Maintains a governance structure with experienced directors; focuses on ethical practices and sustainable business development. |
Key challenges ahead Impact of adverse market conditions on investment portfolio, post-storm operational recovery of associate, and competitive textile market dynamics. |
Interesting facts The company evolved from steel product marketing to sustainable textile manufacturing and recently partnered with Indian Oil Corporation for eco-friendly uniforms. |
Risks and strategy Facing market volatility and operational risks post natural disaster; strategy includes consolidation via merger, capital infusion, and innovation in recycled textiles. |
