What we do Nikita Greentech Recycling Ltd manufactures eco-friendly recycled Kraft paper serving packaging, publishing, and FMCG sectors with a focus on sustainability and circular economy. |
Founded in 1,989 |
Market share A leading player in India's recycled Kraft paper industry with ~133,000 MT annual capacity, poised for growth in eco-friendly packaging. |
Problem solved Provides sustainable, plastic-free packaging alternatives by recycling post-consumer waste paper and reducing environmental impact. |
Top clients or who we serve Packaging companies, FMCG brands, publishing sector; primarily B2B clientele seeking green packaging solutions. |
Key management Ashok Kumar Bansal (Managing Director), Ayush Bansal (Whole-time Director) |
Our journey and innovations Founded in 1989, shifted to recycled pulping (2013), installed cutting-edge plant expansions (2021), and innovative Refuse-Derived Fuel usage (2023). |
Where we operate India, with plans to expand into international eco-conscious markets. |
Top products or what we offer Recycled Kraft paper grades for corrugated, carry bags, secondary packaging, and specialty paper. |
Top brands Nikita Papers recycled Kraft paper - eco-friendly, high-quality, growing demand. |
Raw materials needed Post-consumer waste paper, recycled fibers, biomass, Refuse-Derived Fuel (RDF). |
Raw materials supplier Diverse network of domestic and international waste paper suppliers and biomass providers. |
Recurring vs cyclical contribution Revenue is primarily recurring, driven by steady demand for sustainable paper products. |
Our industry position Established recycled paper manufacturer with strong market presence and growing capacity utilization (~82%). |
Financial highlights FY 2024-25 Revenue: Rs. 364.42 crores; Net Profit: Rs. 23.02 crores; consistent 7-11% growth; EBITDA improved. |
Geographical revenue split Mainly domestic Indian market; export efforts underway. |
Order book - |
Whats driving growth Rising demand for sustainable packaging, government policies limiting plastics, capacity expansions, and innovation in green energy use. |
Our future plans Expanding recycled paper grades portfolio, new markets, digital supply chain upgrades, waste-to-energy projects, and sustainability initiatives. |
Our green promise Significant use of recycled raw materials, energy-efficient plant, biomass and RDF fuel integration, zero liquid discharge systems. |
Our people and values Committed workforce focused on sustainability, innovation, compliance, and inclusive growth. |
Key challenges ahead Raw material price volatility, foreign exchange risks, regulatory changes, and competition in sustainable packaging. |
Interesting facts First Indian paper company to convert 50% fuel usage to Refuse-Derived Fuel; successfully listed on NSE EMERGE in 2025. |
Risks and strategy Mitigates forex and raw material volatility via hedging and supplier diversification; invests in technology and green energy for resilience. |
