Leading SMEs of India 2021

36 Experts' View Leading SMEs of India 2021 How would you describe the journey of your company since its inception? What are some of the key milestones of the company in recent years? As the beginner of E-waste Recycling Industry in India, the Journey &philosophy of Ecoreco is unparallel & unmatched, Ecoreco always focus on implementing & following the best practices which meets the expectation of its Environment Friendly & Legally Compliant Clients. Ecoreco strongly believes that it is a Service Provider and its existence has a direct correlation with the satisfaction of the clients. Ecoreco is the only company listed on the Bombay Stock Exchange in the e-waste management segment and is the first company registered by the Central Pollution Control Board and authorised by the Maharashtra Pollution Control Board. I am proud to mention that Ecoreco is the only company in India, which has invented Precious Metal Recovery Technology with the support of DSIR and the same was validated by the NML. Ecoreco has always believed that Trash Trade Transformation is possible Eco Recycling Limited B K Soni Chairman & Managing Director only with the integration of informal sector subject to they learn environment friendly methodologies and formalize their business. To do so, Ecoreco Enviro Education Pvt Ltd (a 100%subsidiary of Eco Recycling Ltd) started Skill Development program with the support of National Skill Development Corporation (NSDC) to train 300,000 waste workers across nation over a period of 10 years. We are proud to mention that Ecoreco Group is the only one in this segment, which takes care of its competitors’ sustainability. Ecoreco is the first PRO (Producers’ Responsibility Organisation) in the country in the name of WEEEPRO (now known as PROEPR). What are some of the key products / services offered by the company? Eco Recycling Ltd provides all the e-waste related services under one roof and proclaims to be amongst the highest number of service providers. Ecoreco’s unique services like “E-waste Recycling on Wheels”, “Lamp Recycling on Wheels”, Underwriting the Extended Producers Responsibility, Data Destruction are being provided since 2005 in India. An ISO, R2 & NAID Certified Company has now an indirect presence in more than 100 Countries availing Reverse Logistic to Recycling services of its counterparts in these countries for its global clients. What is your growth strategy over next 3-5 years? Ecoreco entered the recycling segment way before the Country was looking for this service and therefore had to travel a long way in terms of time but feel happier when look back that its foot prints have ready path for the new entrants. During this journey Ecoreco learned sustainability in spite of low volume of business during transition of the industry, regulatory frame work to get implemented and of course learning from the experiences of the MNCs & OEMs. In this journey of 16 years, Ecoreco has also seen transition from CSR to ESG to SDG and keep working as per these global goals. Ecoreco has never set a target larger than 1% of the Industry Size as its most ambitious number. Presently the E-waste industry is of 20,000 Crores in India and is expected to touch 50,000 Crores in next 5 years. As per our ambition, we target to touch 200 to 500 Crores in next 3 to 5 years. Ecoreco has never hesitated in sourcing & investing in proven technologies from USA, UK, Japan, which are fully compliant from Environment & Ecology points of view. Presently, Eco Recycling Ltd is a zero- debt company and have developed a plan to invest $20 million US, to achieve the above top line. Dun & Bradstreet