About Hanjer
Hanjer is an Environment company based in Mumbai (India) founded in 2003 by Nadeem Furniturewala. Non-segregated solid waste is processed across 19 Indian cities. Hanjer has raised $57.98 million across 4 funding rounds from investors including IDFC and IDFC Limited. Hanjer was last valued at $260.73 million in February 2012. Its chief executive, as recorded, is Nuzhat Irfan Furniturewala. Its focus areas include Waste & Water Management, Waste Management, Treatment and Processing.
Company details
Hanjer is a non-segregated solid waste processing company. It has 24 operating facilities with a capacity of 9,100 tonnesday in 19 cities, and 2,200 tonnesday under implementation and another 3,000 tonnesday at the bidding stage.The company has received loan of 400M from 2 European companies (German and French), by which the company plans to establish a solid waste processing plants having capacity of 5,000 tonnesday. Hanjer has won many accolade like Mira-Bhayendar plant has been described as the most modern plant of its nature in Maharashtra, by an expert committee appointed by the Chief Minister. The plant in Jalgaon, Maharashtra was inaugurated by the President of India, Hon. Smt. Pratibhatai Patil in 2010.
- Headquarters Mumbai, India
- Founders Nadeem Furniturewala
- Stage Minicorn
- SectorsEnvironment
- Website hanjer.com
- Social LinkedIn
- Annual Revenue$421.65 K (USD)82as on Mar 31, 2017
- Net Profit-$932.46 K (USD)-102as on Mar 31, 2017
- EBITDA$401.01 K (USD)-99as on Mar 31, 2017
- Total Equity Funding$57.98M (USD)
in 4 rounds
- Latest Funding Round$48.2M (USD), Series B
Feb 2012
- InvestorsIDFC
& 1 more
Associated legal entities of Hanjer
Hanjer is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hanjer Fibres Ltd Listed CIN L17110MH1991PLC063997 | Active | 14 Nov 1991 | Mumbai, Maharashtra | 4 | View details | ||
| Hanjer Biotech Energies Private Limited CIN U90000MH2003PTC141342 | Under Liquidation | 15 Jul 2003 | Mumbai, Maharashtra | ₹2.8 Cr | 2 | View details |
Funding Insights of Hanjer
Hanjer has successfully raised a total of $57.98M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $48.2 million completed in February 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $57.98M
- Total Rounds 4
- Last Round Series B — $48.2M
- First Round $7.67M
(Mar 2009)
- Investors Count 2
All 4 funding rounds of Hanjer with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Feb 2012 | $260.73M | •••••••• |
| Mar 2009 | $18M | •••••••• |
Last known valuation $260.73M (Feb 2012). 2 investors in total: 2 institutional.
Investors in Hanjer
Hanjer has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include IDFC and IDFC Limited.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are provided by IDFC in India. | 1997 | idfc.com | Chennai, India | |
Investment banking and infrastructure financing services are provided by IDFC. | idfclimited.com | Chennai, India |
Investor details for Hanjer
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Hanjer
The boards of the 2 registered companies of Hanjer currently have 5 directors; the longest-serving is Natwarlal Tribhovandas Rana, appointed in 1997. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Natwarlal Tribhovandas Rana DIN 01661275 | Director | 31 Mar 1997 | 29 yrs 7 mo | Hanjer Fibres Ltd |
| Mohd Irfan Mohd Ashraf Furniturewala DIN 00125762 | Managing Director | 14 Nov 1999 | 26 yrs 11 mo | Hanjer Fibres Ltd |
| Gajanan Krishna Salunke DIN 00543309 | Director | 29 Oct 2004 | 22 yrs | Hanjer Fibres Ltd |
| Nuzhat Irfan Furniturewala DIN 00125872 | Director | 15 Dec 2005 | 20 yrs 10 mo | Hanjer Biotech Energies Private Limited, Hanjer Fibres Ltd |
| Nadeem Mohd Ashraf Furniturewala DIN 00125801 | Director | 01 Oct 2010 | 16 yrs 1 mo | Hanjer Biotech Energies Private Limited |
People of Hanjer
2 people are tracked at Hanjer (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| CEO & Director | Leadership |
Complete people profiles for Hanjer
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Hanjer
Figures of Hanjer Biotech Energies Private Limited, the primary company behind Hanjer, for FY 2017. Revenue was ₹2.83 Cr (-12% year on year). Net loss was -₹27.03 Cr (-687% margin). EBITDA was -₹4.85 Cr (-123% margin). Revenue has grown at a compounded annual rate of -70% over three years.
- ₹2.83 CrRevenue · FY 2017 · -12% YoY
- -₹27.03 CrNet loss · -687% margin
- -₹4.85 CrEBITDA · -123% margin
- ₹13.51 CrPaid-up capital
- -70%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Hanjer Biotech Energies Private Limited are on its company page.
Detailed financial statements for Hanjer
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Hanjer
4 dated milestones of Hanjer across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Hanjer is founded.
- Funding First funding round of $7.7M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $48.2M.
Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as Hanjer (Waste & Water Management Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | ||
Tech-based solid waste management and recycling solutions are provided. | 2008 | Noida, Uttar Pradesh, India | USD 31.1 M | USD 52.13 M | 106 |
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Frequently Asked Questions about Hanjer
Hanjer was founded in 2003 and raised its 1st funding round 6 years after it was founded.
Hanjer is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nuzhat Irfan Furniturewala is the CEO of Hanjer, as recorded in our data.
Hanjer is a funded company, having raised a total of $57.98M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7.67M, raised on Mar 2009.
Annual revenue of Hanjer is $421.65K as on Mar 31, 2017.
Hanjer is a non-segregated solid waste processing company. It has 24 operating facilities with a capacity of 9,100 tonnesday in 19 cities, and 2,200 tonnesday under implementation and another 3,000 tonnesday at the bidding stage.The company has received loan of 400M from 2 European companies (German and French), by which the company plans to establish a solid waste processing plants having capacity of 5,000 tonnesday. Hanjer has won many accolade like Mira-Bhayendar plant has been described as the most modern plant of its nature in Maharashtra, by an expert committee appointed by the Chief Minister. The plant in Jalgaon, Maharashtra was inaugurated by the President of India, Hon. Smt. Pratibhatai Patil in 2010.
Hanjer has 2 investors. Key investors include IDFC, and IDFC Limited.
The valuation of Hanjer is $260.73M as of Feb 2012.
Hanjer is associated with 2 legal entities: Hanjer Biotech Energies Private Limited, Hanjer Fibres Ltd.
The legal entities of Hanjer currently have 5 directors, including Nadeem Mohd Ashraf Furniturewala, Nuzhat Irfan Furniturewala, Mohd Irfan Mohd Ashraf Furniturewala and others.