About Ganesha Ecosphere Limited

Ganesha Ecosphere Limited is a pioneer in PET waste recycling in India, converting discarded plastic bottles into value-added textiles and materials since inception, and has processed over 41 billion PET bottles in the last decade, positioning it as India’s largest PET bottle recycler by volume and capability. The Company manufactures Recycled Polyester Staple Fibre (RPSF), Recycled Polyester Spun Yarn (RPSY), and dyed texturised yarn used in apparel, functional fabrics, home furnishings, and toy stuffing, with non-chemical recycling and a wide scrap dealer network for feedstock sourcing across India. Manufacturing facilities are strategically located at Kanpur (Uttar Pradesh), Rudrapur (Uttarakhand), and Bilaspur (Uttar Pradesh), with a combined group capacity of 1,18,800 TPA for RPSF and yarn; additionally, the Company’s wholly owned subsidiary operates an integrated rPET chips facility at Warangal, Telangana under the “Go Rewise” platform launched in FY 2022–23, with rPET bottle-grade chips introduced in 2023 to strengthen the circular plastics loop. The Company’s history of disciplined expansion includes establishing wholly owned subsidiaries Ganesha Ecopet Private Limited (2019) and Ganesha Ecotech Private Limited (2020), acquiring Ganesha Overseas Private Limited (2021), and forming an associate joint venture, Ganesha Recycling Chain Private Limited (2024), to deepen raw material security and downstream washing capacities for PET flakes; as of March 31, 2025, three subsidiaries are 100% owned and one associate is held at 49%.

Ganesha Ecosphere Limited Business segment

• India — Revenue arises primarily from domestic recycling and fibre/yarn sales supported by pan-India bottle collection and three manufacturing units;
  

Ganesha Ecosphere Limited Key Management

• Shyam Sunder Sharmma — Chairman, Non-Executive, Non-Independent Director.

• Sharad Sharma — Managing Director.

• Vishnu Dutt Khandelwal — Promoter Executive Director; Member, Stakeholders Relationship Committee and Management Committee.

• Narayanan Subramaniam — Chairperson, Risk Management Strategic Planning Committee (from September 5, 2024).

• Shobha Chaturvedi — Chairperson, Stakeholders Relationship Committee (from September 5, 2024).

• Akshay Kumar Gupta — Chairman, Corporate Social Responsibility Committee (from September 5, 2024).

• Jagat Jit Singh — Non-Executive Independent Director; Member, Risk Management Strategic Planning Committee.

• Bharat Kumar Sajnani — Company Secretary; Compliance Officer.

• Gopal Agarwal — Chief Financial Officer.

Latest Updates on Ganesha Ecosphere Limited

• Commissioned Ganesha Ecopet’s 3rd rPET chips production line at Warangal on July 1, 2024, scaling integrated food-grade rPET capacity under Go Rewise.

• Approved a greenfield rPET chips project in Odisha at 45,000 TPA (November 12, 2024), later expanded to 67,500 TPA; also approved expansion of Warangal from 42,000 TPA to 64,500 TPA (February 3, 2025).

• Formed a JV company, Ganesha Recycling Chain Private Limited, with Race Eco Chain to set up PET washing plants; Company holds 49% (incorporated September 10, 2024; JVA dated January 31, 2025).

• Made strategic investment in Race Eco Chain Limited by subscribing 4,55,000 equity shares at Rs 352 per share on September 26, 2024 to strengthen PET waste supply chain.

• Further invested Rs 100.00 crore each in wholly owned subsidiaries Ganesha Ecopet and Ganesha Ecotech via rights issues in June 2024; Ecotech became a material subsidiary.

• Amended ESOP Scheme 2021 via postal ballot on December 4, 2024, enabling acquisition via fresh issue and extension to subsidiary employees; 38,994 options vested on March 7, 2025, with 2,131 exercised during the year.

Allotted 1,10,000 equity shares upon conversion of warrants on March 31, 2025; paid-up equity increased to 2,54,56,984 shares as of March 31, 2025.