Abhay Innovative Recycling Limited
About Abhay Innovative Recycling Limited
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Abhay Innovative Recycling Limited is a public limited company based in Ghaziabad, Uttar Pradesh, India. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 09 May 2023.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U37003UP2023PLC181773.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹3.8 Cr. It is led by directors including Nekhilesh Daliya (Managing Director) and Shreya Modani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 56/33 Site – IV Sahibabad, Ghaziabad, Uttar Pradesh, India – 201010.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.35 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹61.96 Lakh (net margin 1.9%) and EBITDA of ₹1.98 Cr (EBITDA margin 5.9%).
As per MCA filings, the company has open charges of ₹13.56 Cr on record.
Company details
Contact details
Abhay Innovative Recycling Limited's registered office is in Ghaziabad, Uttar Pradesh.
- Registered Address56/33 Site – IV Sahibabad, Ghaziabad, Uttar Pradesh, India – 201010
- IndustryEnvironment, Waste Management & Recycling Solutions
- 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
Business activity
The main business activity of Abhay Innovative 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 Abhay Innovative Recycling Limited, buy the company report.
Financials of Abhay Innovative Recycling Limited
FY 2025 filings availableAbhay Innovative Recycling Limited reported revenue of ₹33.35 Cr (up 270% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 270% in the latest year. EBITDA rose 639% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 |
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| EBITDA | ₹1.98 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹61.96 Lakh | |
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 5.9% | |
| Net Profit Margin | 1.9% | |
| Return on Equity (ROE) | ||
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To see the full financial statements and ratios of Abhay Innovative Recycling Limited, buy the company report.
Board of directors of Abhay Innovative Recycling Limited
Abhay Innovative Recycling has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shreya Modani | Director | 11 Jul 2024 | 2 Years 3 Months | Current |
| Kumar Modani Raj | Director | 09 May 2023 | 3 Years 5 Months | Current |
| Sanjay Modani | Director | 09 May 2023 | 3 Years 5 Months | Current |
| Nekhilesh Daliya | Managing Director | 30 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Abhay Innovative Recycling Limited is compared with the 6 companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment, Water and Wastewater 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 |
|---|---|---|---|---|---|---|
| Rekart Innovations Private Limited | ₹33.63 Cr (FY 2024) | -27.0% | Faridabad, Haryana, India | |||
| Merlyn Hydrocarbons Private Limited | ₹33.61 Cr (FY 2025) | -15.0% | Hassan, Karnataka, India | |||
| Shriman Narayan Fiber Udhog Private Limited | ₹33.55 Cr (FY 2025) | 45.0% | Tikamgarh, Madhya Pradesh, India | |||
| Biotic Waste Solutions Private Limited | ₹33.4 Cr (FY 2025) | 1.0% | Delhi, India | |||
| Abhay Innovative Recycling Limitedthis company | ₹33.35 Cr (FY 2025) | ₹61.96 Lakh | 1.9% | 270.0% | Ghaziabad, Uttar Pradesh, India | |
| Adityapur Waste Management Private Limited | ₹33.26 Cr (FY 2025) | -17.0% | Hyderabad, Telangana, India | |||
| Vanitec Private Limited | ₹33.21 Cr (FY 2025) | 11.0% | Vaniyambadi, Tamil Nadu, India |
To see the full peer comparison of Abhay Innovative Recycling Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2025 | 101070327 | Others | ₹13.56 Cr | Open |
To see the full charge records of Abhay Innovative Recycling Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Abhay Innovative Recycling 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 Abhay Innovative Recycling Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Abhay Innovative Recycling Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Abhay Innovative Recycling Limited has 10 board changes on record since 2023: 7 appointments and 3 cessations. The latest: Nekhilesh Daliya was appointed as Managing Director on 30 Aug 2025.
3 earlier events are in the company report.
Frequently asked questions
Abhay Innovative Recycling is an active public limited company based in Ghaziabad, Uttar Pradesh, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 09 May 2023 (3+ years old) and is registered under CIN U37003UP2023PLC181773.
Abhay Innovative Recycling has 4 current directors:
- Nekhilesh Daliya - Managing Director
- Shreya Modani - Director
- Kumar Modani Raj - Director
- Sanjay Modani - Director
The latest financial statements of Abhay Innovative Recycling on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2024 are in the company report.
The CIN (Corporate Identification Number) of Abhay Innovative Recycling is U37003UP2023PLC181773. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abhay Innovative Recycling was incorporated on 09 May 2023, making it 3+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Abhay Innovative Recycling by revenue are Rekart Innovations Private Limited, Merlyn Hydrocarbons Private Limited, Shriman Narayan Fiber Udhog Private Limited, Biotic Waste Solutions Private Limited, Adityapur Waste Management Private Limited and 1 more, all in the Cleantech industry (Recycling and Waste Treatment, Water and Wastewater Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services).
Nekhilesh Daliya was appointed as Managing Director on 30 Aug 2025. Sunil Kumar Malik ceased to be Director on 12 Jul 2024. Shreya Modani was appointed as Director on 11 Jul 2024. Abhay Innovative Recycling has 10 board changes on record in total.
The registered office of Abhay Innovative Recycling is at 5633 Site – IV Sahibabad, Ghaziabad, Uttar Pradesh, India – 201010.
Abhay Innovative Recycling operates in the environment industry, in the waste management and recycling solutions segment.
Abhay Innovative Recycling has open charges of ₹13.56 Cr and no satisfied charges on record as per latest MCA filings.
Abhay Innovative Recycling can be reached at its registered office: 5633 Site – IV Sahibabad, Ghaziabad, Uttar Pradesh, India – 201010.
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