About Karma Recycling Private Limited
Data last updated:
Karma Recycling Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 07 July 2010.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U37100DL2010PTC205431. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹1.79 Cr and a paid-up capital of ₹90.49 Lakh. It was led by directors Akshat Ghiya and Aamir Saifuddin Jariwala.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at F – 27/2 Okhla Industrial Area Phase II, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.28 Cr, a growth of 107% compared to the previous year. For the same year it recorded a net loss of ₹1.31 Cr (net margin -57.4%) and EBITDA of -₹1.3 Cr (EBITDA margin -57%).
The company was associated with 1 brand: Karma Shop. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.83 Cr; the latest was in June 2015. Its 4 peer companies in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services) are compared by revenue, 2 larger and 2 smaller; the largest is MBB Recycle Destiny Private Limited with revenue of ₹2.3 Cr.
The last known website on record is karmarecycling.in.
Company details
Contact details
Karma Recycling Private Limited's registered office is in New Delhi, Delhi. Its website is karmarecycling.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressF – 27/2 Okhla Industrial Area Phase II, New Delhi, Delhi, India – 110020
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Karma Recycling Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Karma Recycling operates one associated brand: Karma Shop. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Karma Shop manages an e-commerce store offering multi-category fashion products for men, women, and kids. | karmashop.in |
Business activity
The main business activity of Karma Recycling is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Karma Recycling Private Limited, buy the company report.
Financials of Karma Recycling Private Limited
FY 2016 filings availableKarma Recycling Private Limited reported revenue of ₹2.28 Cr (up 107% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 107% in the latest year. EBITDA fell 441% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹2.28 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹1.3 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.31 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -57% | |
| Net Profit Margin | -57.4% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Karma Recycling Private Limited, buy the company report.
Board of directors of Karma Recycling Private Limited
Karma Recycling has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshat Ghiya Also directs: G&G Road Island Developers LLP, Glazetech Industries Private Limited, Tallin Studio Private Limited and 5 more | Director | 16 Jan 2012 | 14 Years 9 Months | As last reported |
| Aamir Saifuddin Jariwala | Director | 16 Jan 2012 | 14 Years 9 Months | As last reported |
Peer comparison
Karma Recycling Private Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| MBB Recycle Destiny Private Limited | ₹2.3 Cr (FY 2024) | -36.0% | Hyderabad, Telangana, India | |||
| Eco Support Private Limited | ₹2.3 Cr (FY 2024) | 71.0% | Thane, Maharashtra, India | |||
| Karma Recycling Private Limitedthis company | ₹2.28 Cr (FY 2016) | -₹1.31 Cr | -57.4% | 107.0% | New Delhi, Delhi, India | |
| Ecowrap Impact Private Limited | ₹2.26 Cr (FY 2024) | 56.0% | Jaipur, Rajasthan, India | |||
| Meera Brijmohan Industries (OPC) Private Limited | ₹2.25 Cr (FY 2025) | 9.0% | Akola, Maharashtra, India |
To see the full peer comparison of Karma Recycling Private Limited, buy the company report.
Auditor
Karma Recycling Private Limited is audited by ALOK SINHAL & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ALOK SINHAL & CO | FY 2016 | 013811N |
Shareholding
The shareholding of Karma Recycling Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Karma Recycling Private Limited, buy the company report.
Deals & funding
Karma Recycling Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.83 Cr; the latest was in June 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2015 | Funding round | ₹2.2 Cr | Investors: Opes LCEF Impact Fund, Infuse Ventures |
| Apr 2015 | Funding round | ₹62.5 Lakh | Investors: 2 individuals |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Karma Recycling Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karma Recycling Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karma Recycling has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Karma Recycling Private Limited, buy the company report.
Recent activity
Karma Recycling Private Limited has 7 board changes on record since 2012: 2 appointments and 5 cessations. The latest: Rubal Jain ceased to be Director on 14 Mar 2017.
Frequently asked questions
Karma Recycling has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Karma Recycling was a private limited company based in New Delhi, Delhi, India. The company worked in waste management and recycling solutions, within the environment industry. It was incorporated on 07 July 2010 and is registered under CIN U37100DL2010PTC205431. The company has been struck off by the Registrar of Companies and is no longer operational.
Karma Recycling had 2 directors:
- Akshat Ghiya - Director
- Aamir Saifuddin Jariwala - Director
The CIN (Corporate Identification Number) of Karma Recycling is U37100DL2010PTC205431. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Karma Recycling is at F – 272 Okhla Industrial Area Phase II, New Delhi, Delhi, India – 110020.
Karma Recycling was incorporated on 07 July 2010. It is registered with the Registrar of Companies, Delhi.
Karma Recycling can be reached through the website karmarecycling.in. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Karma Recycling on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Karma Recycling has 2 GST registrations on record and all of them are cancelled or inactive.
Karma Recycling operated in the environment industry, in the waste management and recycling solutions segment. It worked in this industry before it was struck off.
Karma Recycling has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.83 Cr; the latest was in June 2015.
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