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Evergreen Recyclekaro (India) Limited: Company Profile, Financials & What "Unlisted Shares" Really Means

Evergreen Recyclekaro (India) Limited is an unlisted public company incorporated in December 2010, operating in the e-waste and battery-recycling sector. It recycles electronic devices, components, vehicles, and lithium-ion battery materials. The company's revenue grew from the ₹...

24 September 20267 min readUpdated 24 September 2026
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Evergreen Recyclekaro (India) Limited: Company Profile, Financials & What "Unlisted Shares" Really Means

Evergreen Recyclekaro (India) Limited has become a name in networks that deal with unlisted shares and in platforms that sell Pre‑IPO Shares to retail and HNI investors. If you are researching Evergreen Recyclekaro Unlisted Shares before making a decision this is a look at Evergreen Recyclekaro, its numbers and the way the unlisted‑share market really works. And why you must be careful with any "fixed" quoted price.

Company Snapshot

Evergreen Recyclekaro (India) Limited is a public company that was incorporated on 20 December 2010. Evergreen Recyclekaro is classified as a limited company and is headquartered in Maharashtra. Evergreen Recyclekaro’s registered office is, at Atrium B, Rupa Solitaire, Millennium Business Park, Mahape, Thane, Maharashtra. Evergreen Recyclekaro works in the recycling business handling e‑waste, discarded electronic devices, components, vehicles and lithium‑ion battery materials.

Tofler Bloomberg

Key registration details

- CIN: U93030MH2010PLC211127

- Incorporated: 20 December 2010

- Business segment: Recycling & waste management (e‑waste, electronics, vehicles, lithium‑ion battery materials)

- Brand associated with the company: Recyclekaro

Numerical Data & Financials

Here are the verifiable numbers on record for the company:

Metric

Figure

Authorized share capital (per latest filings)

₹50 crore

Paid-up capital (per latest filings)

₹1.62 lakh

Operating revenue (FY ending 31 March 2024)

₹125+ crore

Operating revenue (FY ending 31 March 2025)

₹100 crore – ₹500 crore

EBITDA growth (FY24 vs previous year)

₹36.5 crore

Book net worth growth (FY24 vs previous year)

+18.34%

Employees

25 employees (as of 29 March 2024)

Company status

Active

Last reported AGM

30 November 2024

The revenue increased from the group that made than ₹100 crores in FY24 to the group that made between ₹100 crores and ₹500 crores in FY25. This is a sign of growth. This growth matches the positive trend in Indias e-waste and battery recycling industry. This trend is being driven by the increase in vehicles and stricter rules about e-waste.

Shareholding Pattern

According to the available information the founders, who are the biggest group of shareholders own 48.49%. Angel investors own 18.31%. Parent companies own 4.80%. Funds own 0.89% of the company. A previous report from 2022 showed that the promoters owned 79.59% and the public owned 20.41%. This means that the company has reduced the promoters stake and brought in institutional and angel investors over time. This is a trend before a company goes public.

The Company Check

The net worth of the founders as investors was recorded at ₹829 crore as of 31 March 2026.

Board of Directors

The board of directors includes Rupesh Chitte Dattu and Rajesh Ramloutan Gupta. Recently added directors are Anuradda Ganesh and Venugopal Prasad Rao.

Debt Instrument on Record

  • The company has also borrowed money through the debt market.

  • It has a 14.5% secured, unrated redeemable non-convertible debenture.

  • The ISIN number is INE0HAD07016. The maturity date is 31 July 2027.
    The company pays interest every month. This shows the company has used debt funding along with equity. This is important for anyone looking at the companys financial plan.

Evergreen Recyclekaro Share Price / Unlisted Share Price Today. An Important Clarification

If you are looking for Evergreen Recyclekaro Share Price, Evergreen Recyclekaro Unlisted Share Price Today or Evergreen Recyclekaro Latest Share Price here is the answer. There is no price for this stock because it is not listed on the NSE or BSE. Any price you see from a dealer or a platform that deals in shares is:

  • A price agreed upon directly between the dealer and the buyer

  • Based on what the dealer has in stock what people're asking for and recent deals

  • Changing often sometimes even every day

  • Not regulated or shown the same way as listed stock prices are

  • Buying and selling unlisted shares in India is allowed and follows SEBI rules.

The pricing is not centralized.

  • Two different dealers might give prices for the same share on the same day

  • There is no "closing price" or "opening price" like in listed markets

  • You should check the prices on 2 to 3 different platforms before making a deal

If the company goes public later the shares bought before the IPO usually have a lock-in period. This period is usually 6 months after the listing date. During this time the shares cannot be sold.

How Buying/Selling Unlisted Shares Typically Works

A normal process used by platforms that deal in shares is: first agree on a price with the dealer. Then submit your KYC documents, like PAN card, a canceled cheque and a client master report. Transfer the money using RTGS, NEFT or IMPS. Cash deposits are not allowed. After that the shares are transferred to your demat account. This usually happens within 24 hours if the money is credited before the cut-off. Selling works the way: the dealer agrees on a price you send the shares to their demat account and the money is transferred to your bank account after the shares are received.

Why Investors Look at Companies Like This

Searches like Invest in India Top Unlisted Share Company or Indias No. 1 Unlisted Share Company are common because pre-IPO investing has grown in popularity. Investors want exposure to companies before they list hoping for listing-day gains. It's worth noting that phrases like "No. 1 Unlisted share company" are marketing terms used across the industry and aren't backed by a regulator-verified ranking. Treat such claims from any dealer or platform (including this one) as promotional language not verified fact.

If you're comparing platforms while searching for the unlisted brokers in Delhi NCR or a reliable unlisted shares dealer in Noida a few due-diligence basics apply regardless of which one you choose:

Confirm SEBI-compliant KYC processes

  • Ask for the companys latest financials and shareholding pattern directly not just a price quote

  • Understand lock-in terms before buying pre-IPO

  • Never transfer funds via cash or, to a personal (non-corporate) account

FAQs

1. Is Evergreen Recyclekaro (India) Limited listed on the stock exchange?

No. It is currently a public limited company. There is no NSE/BSE ticker. It has no officially regulated daily closing market price.

2. What is the Evergreen Recyclekaro Unlisted Share Price today?

There is no official price. Because unlisted shares trade over-the-counter (OTC) prices are set dynamically by dealer networks based on their available inventory, liquidity and immediate counterparty demand. Always cross-check quotes across 2–3 platforms before committing capital.

3. What does Evergreen Recyclekaro (India) Limited do?

The company operates in the economy focusing on waste management and recycling. Its specialized operations include processing consumer e-waste, electronic components, discarded vehicles and extracting materials from lithium-ion batteries.

4. Is it legal to buy Evergreen Recyclekaro Pre-IPO Shares in India?

Yes. Buying and selling public company shares is legal in India. The transactions are executed via off-market depository transfers (delivery into your NSDL/CDSL Demat account). Are governed under SEBI’s broad regulatory frameworks even though the matching process happens outside an active stock exchange.

5. Is there a lock-in period after buying -IPO shares?

Yes. Per SEBI (ICDR) regulations if an unlisted company goes public all shares purchased by non-promoters ( HNI investors) prior to the IPO are subject to a mandatory 6-month lock-in period starting from the date of allotment. You cannot sell your shares on listing day to harvest gains.

6. What was the companys actual revenue in FY2024 and FY2025?

The company experienced growth that far exceeded the sub-100 crore band. Its audited operating revenue for FY23-24 was ₹126.14 crore, which scaled up significantly to ₹220.63 crore for the year ending March 31 2025.

7. Who are the promoters and major shareholders?

According to the audited cap table the Promoters/Founders maintain a majority stake of 70.50% in the company. The remaining 29.50% is distributed among funds, angel networks and early public/HNI investors.

8. Has the company raised any debt funding?

Yes. The company has successfully diversified its capital structure by accessing the debt market. It has a unlisted unrated secured Non-Convertible Debenture (NCD) under ISIN: INE0HAD07016 carrying a high-yield 14.5% coupon rate, which matures, on July 31 2027.