Waste Management Company Investment Opportunity in Chikmagalur, India
Plastic recycling industrials startup aims to build a plant in Chikmagalur.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Waste Management |
| Locations | Chikmagalur |
| Local Time | 7:28 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
234 thousand
for
25.0%
stake
(Native Currency: INR 20,000,000)
Reason: To start the operations of the plant.
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Pitch Deck
(2.1 MB)
Logo
(12.2 KB)
CIN
(402.5 KB)
DPIIT Recognition
(543.8 KB)
DIC Approval
(841.5 KB)
ROC-Verification.pdf
(60.7 KB)
Business Overview
- Plan to build the first-ever plastic recycling plant in the Chikmagalur district.
- Aim to establish an environmental tech park (ETP) dedicated to R&D of plastic waste management and recycling.
- Company needs to install specialized equipment for plastic segregation and recycling.
- We would extract secondary raw materials from pure plastics waste.
- Would also manufacture roof tiles, floor tiles and bricks with the mixed waste plastic that we cannot extract raw materials from.
- Company would conduct rallies and education surveys in order to educate the population about waste segregation during initial disposal at household, offices and public spaces.
- Plan for the plant to have a production capacity of 500 Kg per day.
- Have already been in talks with the Chikmagalur Muncipal Corporation (CMC) who would collect the waste and give it to us.
- We plan to complete our MOA within 6 months and sign the documents with the CMC.
- Project has got approved by DIC which has offered an incentive of INR 95 lakhs or 25% of the project cost as an incentive.
- Promoter has an MBA and has more than 5 years of experience in management positions.
- Aim to establish an environmental tech park (ETP) dedicated to R&D of plastic waste management and recycling.
- Company needs to install specialized equipment for plastic segregation and recycling.
- We would extract secondary raw materials from pure plastics waste.
- Would also manufacture roof tiles, floor tiles and bricks with the mixed waste plastic that we cannot extract raw materials from.
- Company would conduct rallies and education surveys in order to educate the population about waste segregation during initial disposal at household, offices and public spaces.
- Plan for the plant to have a production capacity of 500 Kg per day.
- Have already been in talks with the Chikmagalur Muncipal Corporation (CMC) who would collect the waste and give it to us.
- We plan to complete our MOA within 6 months and sign the documents with the CMC.
- Project has got approved by DIC which has offered an incentive of INR 95 lakhs or 25% of the project cost as an incentive.
- Promoter has an MBA and has more than 5 years of experience in management positions.
Products & Services Overview
Extraction of PE & PP granules, manufacture of construction materials.
Assets Overview
We do not presently have any physical assets.
Facilities Overview
We would be purchasing 1 to 2 acres of land in Chikmagalur, where the operation space will be built in 10,000 sq. ft. We are in talks with the land procurement authority and hence we are raising funds through equity ownership. A loan of INR 2 Crore CGTMSE loans is under process from Canara Bank.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Engineering, Pune, Corporate Investor / Buyer connected with the Business
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