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₹65.58a day ago
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GEM Enviro Management was originally incorporated as a private limited company under the Companies Act, 1956 in the name and style of ‘Ganesha Enviro Management Private Limited’ dated February 01, 2013 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter, the name of the Company was changed from ‘Ganesha Enviro Management Private Limited’ to ‘GEM Enviro Management Private Limited’ pursuant to special resolution passed by the shareholders at the Extra Ordinary General Meeting held on October 09, 2013 and consequent to name change a fresh Certificate of Incorporation was granted to the Company on November 04, 2013 by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently, the company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Annual General Meeting, held on August 31,2023 and consequently the name of the Company was changed from ‘GEM Enviro Management Private Limited’ to ‘GEM Enviro Management Limited’ vide a fresh certificate of incorporation dated October 18, 2023 issued by the Registrar of Companies, Delhi.GEM Enviro Management (GEM) was established in the year 2013 for collection and recycling of all kinds of Packaging waste including the Plastic Waste. Subsequently, the company diversified to implementation of Plastic Extended Producer Responsibility Programmes for various organization (to fulfill their obligations as per Plastic Waste Management (PWM) Rules 2016 and amendments) and which has become the largest Business vertical of the Company (contributing to 82.41% of revenue in the year 2022-2023). Collection and recycling of Industrial Plastic Waste contributed to 17.42% of revenue and Sales and marketing of recycled products contributed to 0.18% of revenue in FY 2022-2023. Further in year 2023-2024 the company has ventured into new additional businesses in the field of Sustainability.Established in the year 2013, from the year 2013 to 2018, the company was engaged in trading of plastic waste material and trading of the merchandise manufactured out of the waste recycling. The company was committed to sustainable plastic waste management and environmental stewardship, providing a basket of services to its customers that includes but not limited to plastic waste collection and sorting, recycling and repurposing, waste trading, providing environment consultancy etc. With field experience of the company's promoters in the plastic waste management industry and thorough market knowledge, strategic negotiations have helped it secures good prices and favorable terms for plastic trading waste transactions.Business area of the companyGEM Enviro Management is engaged in the business of handling of waste and scraps related to all kind and supply and trading of goods.Services and solutions of the companyEPR consultation and fulfilment of plastic wasteCollection and transportation of plastic wasteSales and marketing of recycled productsESG consulting and BRSR (Business Responsibility and Sustainability Reporting)History and milestones2013: Change of Name from ‘Ganesh Enviro Management Private Limited’ to ‘Gem Enviro Management Private Limited’.2016: Foray into post-consumer plastic waste collection by developing model for direct collection of plastic waste from point of origin through hotels, restaurants, etc.2017: Setting up more than 28 Reverse Vending Machines across India (particularly in Delhi NCR, Mumbai, Ahmedabad, Kolkata, etc.)2018: Expansion of service offering beyond waste collection to include Extended Producer Responsibility (EPR) business.2021: Achievement of revenue of Rs 2,551.41 lakh in the year 2021: as compared to Rs 1,292.34 lakh in the year 2020.2021: Accomplishing EPR business of more than 100 clients.2023: Achievement of PAT of more than Rs 10 crore2023: Provided more than 3,00,000 MT of EPR credits to various clients.
