What we do Vikas Lifecare Ltd recycles plastic waste, manufactures polymer compounds, and trades polymer products catering to environmental sustainability and industrial needs. |
Founded in 1,995 |
Market share Holds about 20% share in domestic smart gas metering via subsidiary Genesis Gas Solutions; key player in polymer compounds recycling and manufacturing. |
Problem solved Addresses plastic waste recycling and polymer manufacturing needs while supporting government environmental protection initiatives and EPR compliance. |
Top clients or who we serve B2B clients in plastics, infrastructure, FMCG, agro, gas distribution sectors; major gas companies and plastic product manufacturers. |
Key management Sundeep Kumar Dhawan (Managing Director), Chandan Kumar (Director), Parag Dadeech (Whole Time Director) |
Our journey and innovations Transitioned from trading polymer compounds to manufacturing recycled polymers; expanded into FMCG, infrastructure, smart gas metering, and water distribution. |
Where we operate Primarily India with export markets; manufacturing plant in Rajasthan; subsidiaries and joint ventures in India and UAE. |
Top products or what we offer Recycled polymer compounds, specialty additives, smart gas and water meters, FMCG and agro products, food-grade piping systems. |
Top brands Genesis Gas Solutions - 20% of India’s domestic smart gas meter market; diversified B2B polymer and B2C FMCG offerings. |
Raw materials needed Plastic waste including EVA, PVC, PP, PE along with raw polymers for compounding and manufacturing. |
Raw materials supplier Suppliers include ONGC Petro Additions Limited (OPAL) and market sources for polymers and recycled materials. |
Recurring vs cyclical contribution Revenue mainly recurring from polymer manufacturing and smart metering services with growing cyclical FMCG segment. |
Our industry position Leading recycler and manufacturer in polymer compounds; significant presence in smart gas metering segment through subsidiary. |
Financial highlights FY2024-25 revenue approximately Rs. 480 crore; consolidated loss of Rs. 10.6 crore; recorded growth in total income. |
Geographical revenue split Domestic revenue Rs. 476 crore (99%), exports Rs. 3.85 crore (1%). |
Order book Not specifically detailed in available data. |
Whats driving growth Expansion into FMCG, infrastructure products, smart metering, and increasing demand for recycled polymer products. |
Our future plans Grow B2C product portfolio, expand manufacturing capacity, increase smart meter deployment, and develop infrastructure solutions. |
Our green promise Committed to recycling plastic waste, supporting environment protection regulations, and producing upcycled compounding materials. |
Our people and values Focus on ethical governance, employee well-being, and adherence to corporate governance standards. |
Key challenges ahead Managing losses, expanding retail segments, regulatory compliance, and scaling manufacturing sustainably. |
Interesting facts Successfully diversified from B2B polymer recycling to B2C FMCG and smart metering product lines; holds 20% share in smart gas meters. |
Risks and strategy Market competition and operational risks mitigated via diversification, joint ventures, and focus on innovation. |
