What we do Hi-Green Carbon Limited recycles end-of-life tyres using continuous pyrolysis to produce recovered carbon black, steel wires, fuel oil, synthesis gas, and sodium silicate to support environmental sustainability. |
Founded in 2,011 |
Market share A leading tyre recycling company in India with significant installed capacity and recent expansion into Maharashtra and Madhya Pradesh. |
Problem solved Addresses tyre waste pollution by converting end-of-life tyres into reusable raw materials and energy products reducing environmental impact. |
Top clients or who we serve Supplies recycled raw materials and energy products mainly to industrial manufacturers; B2B focus in recycling and energy sectors. |
Key management Chairman Dr. Shaileshkumar Vallabhdas Makadia; Managing Director & CFO Amitkumar Hasmukhrai Bhalodi. |
Our journey and innovations Incorporated 2011 with multiple name changes; expanded capacity and diversified into sodium silicate production; launched second pyrolysis plant in Maharashtra; acquired crumb rubber subsidiary in 2024. |
Where we operate Operations in Rajasthan, Maharashtra, Madhya Pradesh with domestic and export sales primarily in India with some exports. |
Top products or what we offer Recovered Carbon Black, Steel Wire, Fuel Oil, Synthesis Gas, Sodium Silicate from tyre recycling; crumb rubber via subsidiary. |
Top brands - |
Raw materials needed Waste tyres (end-of-life tyres) as primary raw material for recycling process. |
Raw materials supplier Sourced from tyre waste collectors and industries generating end-of-life tyres. |
Recurring vs cyclical contribution Revenue is mostly recurring based on continuous tyre waste processing and product sales. |
Our industry position Emerging leader in the Indian tyre recycling industry with capacity of 100 MT/day and growing footprint. |
Financial highlights FY 2024-25 consolidated revenue Rs. 98.86 crore; profit after tax Rs. 11.13 crore; 25.76% revenue growth YoY; EBITDA Rs. 21.19 crore. |
Geographical revenue split 94.7% domestic sales, 2.26% export sales in FY 2024-25. |
Order book - |
Whats driving growth Capacity expansion with new plants, government green policies, growing tyre waste challenges, acquisitions. |
Our future plans Commission new plants in Madhya Pradesh; expand production capacity; grow sodium silicate and crumb rubber businesses. |
Our green promise Compliance with environmental and safety standards; REACH sustainability certification; reusable waste recycling reducing pollution. |
Our people and values Professional founders from science and commerce; governance with focus on transparency, compliance, and sustainable growth. |
Key challenges ahead Scaling operations efficiently, raw material supply stability, regulatory compliance, market competition. |
Interesting facts First continuous pyrolysis based tyre recycler in India with SCADA control; tripled production capacity by 2021. |
Risks and strategy Mitigating market and regulatory risks through technology upgrades, diverse product portfolio, and geographic expansion. |
