Rubamin

Vadodara, India Founded: 1981 • Age: 45 yrs Minicorn
Provider of a leading company that specializes in the advanced recycling of critical metals from process wastes at industrial scale, utilizing acre green recycling complex to produce a range of zinc and catalyst products
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About Rubamin

Rubamin is an Industrial Goods & Manufacturing company based in Vadodara (India) founded in 1981 by Atul Dalmia. It operates in the Industrial Goods & Manufacturing and Environment sectors. Rubamin has raised $17.63 million across 1 funding round from investors including ICICI Venture, Ajay Aggarwal and Ajit Kumar Hazra. The company has 830 employees. Rubamin has completed 1 acquisition, including Jammu Pigments. Rubamin was last valued at $28.53 million in March 2007. Its Indian entity Rubamin Private Limited reported revenue of ₹1,753 Cr. Rubamin offers products and services including Lithium-Ion Battery Recycling and Catalyst Recycling. Its focus areas include Waste & Water Management, Waste Management, Treatment and Recycling.

Company details

Rubamin was established in 1981 and is based in Vadodara, India. Operations focus on the recycling sector, where critical metals are recovered from industrial process wastes using an advanced green recycling complex. Zinc compounds and catalyst materials are produced through these scaled processes. The company handles waste streams to extract valuable resources, supporting sustainable metal recovery in the manufacturing industry.

Recognitions & Rankings of Rubamin

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#437
Valuation
₹11,360 Cr
  • Headquarters Vadodara, India
  • Employees 830
  • Founders Atul Dalmia
  • Stage Minicorn
  • Sectors
    Industrial Goods & Manufacturing
    Environment
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website rubamin.com
  • Social LinkedIn X Facebook Instagram
  • Legal Name Rubamin Pvt. Ltd
  • Date of Incorporation 01 Sep, 1987
  • Jurisdiction Vadodara, Gujarat, India
Operational Areas
Industrial Goods & Manufacturing → Metals & Minerals
Environment → Waste & Water Management Systems
Key Metrics
  • Annual Revenue
    ₹1,753 Cr

    FY 2025 · -6% YoY

  • Net Profit
    ₹138 Cr

    FY 2025 · 6% margin

  • EBITDA
    ₹292 Cr

    FY 2025 · 12% margin

  • Total Equity Funding
    $17.63M (USD)

    in 1 rounds

  • Latest Funding Round
    $17.63M (USD), Private Equity Round

    Mar 2007

  • Investors
    ICICI Venture

    & 24 more

  • Employee Count
    830
  • Investments & Acquisitions
    Jammu Pigments

Products & Services of Rubamin

Rubamin offers a comprehensive portfolio of products and services, including Lithium-Ion Battery Recycling and Catalyst Recycling.

Lithium-Ion Battery Recycling
Recycling Services

Recycling of lithium-ion batteries is conducted to recover strategic metals, contributing to a circular supply chain

Catalyst Recycling
Recycling Services

Recycling of spent catalysts from oil refineries is performed to supply materials to global manufacturers

Funding Insights of Rubamin

Rubamin has successfully raised a total of $17.63M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $17.63 million completed in March 2007. 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 $17.63M
  • Total Rounds 1
  • Last Round Private Equity Round — $17.63M
  • First Round $17.63M

    (Mar 2007)

  • Investors Count 25

All 1 funding rounds of Rubamin with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Mar 2007$17.63MPrivate Equity Round$28.53MICICI Venture
Ajay Aggarwal, Ajit Kumar Hazra
Valuation history
DateValuationStage
Mar 2007$28.53M••••••••

Last known valuation $28.53M (Mar 2007). 25 investors in total: 1 institutional and 24 angel.

Investors in Rubamin

Rubamin has secured backing from 25 investors, including venture fund and angel investors. Prominent investors backing the company include ICICI Venture, Ajay Aggarwal and Ajit Kumar Hazra.

All
Venture Fund
Angel
InvestorDescriptionFounded YearDomainLocation
ICICI Venture
Alternative asset management and investment services in India.
1988iciciventure.comMumbai, India

Ajay Aggarwal

Angel investor, ex-MD at Bain Capital, focused on Indian startups
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Ajit Kumar Hazra

unknown_6eec16fabda446919

Michael Bomi

unknown_ba86f3e64b7646a3a

Alok Gupta

Angel investor, ex-entrepreneur, focused on Indian startups in tech and consumer sectors.
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Rajesh Aggarwal

unknown_daab367ba3d142838

Navin Mittal

Angel investor and entrepreneur, focused on tech startups in India.
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Suresh Ramchandran

unknown_301095d6e345464b9

Kamlesh Sharma

unknown_a365f7084dd640beb

Vijay Kumar Bajoria

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Investor details for Rubamin

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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Verified entity values are shown only after access is granted.

Board of directors of Rubamin Private Limited (Rubamin)

Rubamin Private Limited is the primary company behind Rubamin. The board of Rubamin Private Limited currently have 8 directors; the longest-serving is Anil Ramanbhai Patel, appointed in 2011. 25 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Anil Ramanbhai Patel
DIN 00228658
Managing Director01 Jul 201115 yrs 4 moRubamin Private Limited
Atul Nandkishore Dalmia
DIN 00228257
Managing Director01 Jul 201115 yrs 4 moRubamin Private Limited
Kizhakkethil Ramachandran Suresh
DIN 07031342
Whole-time director23 Dec 201411 yrs 10 moRubamin Private Limited
Bhuwan Purohit
DIN 05196479
Whole-time director10 Mar 20179 yrs 7 moRubamin Private Limited
Milin Kaimas Mehta
DIN 01297508
Director01 Dec 20187 yrs 11 moRubamin Private Limited
Ranjit Singh
DIN 01651357
Director28 Nov 20223 yrs 11 moRubamin Private Limited
Soumitra Purkayastha
DIN 02058146
Director26 Jun 20233 yrs 4 moRubamin Private Limited
Priyanka Phirojsha Irani
DIN 09668063
Director26 Jun 20233 yrs 4 moRubamin Private Limited

People of Rubamin

63 people are tracked at Rubamin (19 in leadership, 3 in board & advisors, 41 in team); the tracked headcount is 830.

NameRoleGroup
Atul Dalmia
Co-Founder & Managing DirectorLeadership
Pradeep Gupta
General Manager, TaxationLeadership
Swati Shah
General Manager, SystemsLeadership
Suman Dhar
Deputy General Manager, International Business DevelopmentLeadership
Ashutosh Jani
Head, Human ResourcesLeadership
Ankur Shah
General Manager, Business DevelopmentLeadership
Anil Patel
Managing DirectorLeadership
Suresh K. R.
Director & Business Head, Catalyst RecyclingLeadership
Sanjay Dudhoria
CFOLeadership
Bhuwan Purohit
Director, Corporate Strategy & PlanningLeadership
Dr. Ashutosh J.
Corporate HR HeadLeadership
Vrajesh Talati
Chief Manager HRLeadership
Abin Babu
Assistant General Manager F & ALeadership
Rahul Pandya
Chief Operations Officer - Business DevelopmentLeadership
Sanjay Kr Dudhoria
Chief Financial OfficerLeadership
Dr Tanmay Sarkar
Assistant General Manager, Corporate Strategy And PlanningLeadership
Dr. Pramod Kumar Das
General Manager-technical, Rubamin SARL (drc-africa)Leadership
Susheela Maheshwari
Head LegalLeadership
Nirav Bhatt
Head (it & Digitalization)Leadership
Milin Mehta
DirectorBoard & advisors

43 more people are available in the full profile.

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Complete people profiles for Rubamin

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Financials of Rubamin

Figures of Rubamin Private Limited, the primary company behind Rubamin, for FY 2025. Revenue was ₹1,753 Cr (-6% year on year). Net profit was ₹138 Cr (6% margin). EBITDA was ₹292 Cr (12% margin). Revenue has grown at a compounded annual rate of -2% over three years and +4% over five years.

  • ₹1,753 CrRevenue · FY 2025 · -6% YoY
  • ₹138 CrNet profit · 6% margin
  • ₹292 CrEBITDA · 12% margin
  • ₹72.48 CrPaid-up capital
  • 830Employees (provident fund records)
  • -2%Revenue CAGR, 3 years
  • +4%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Rubamin Private Limited are on its company page.

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Detailed financial statements for Rubamin

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Investments & Acquisitions by Rubamin

Rubamin has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Jammu Pigments.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Jammu Pigments
Lead and zinc products are manufactured for industrial applications.
jammupigments.comDelhi, India2005Feb 2013••••
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Complete acquisition details for Rubamin

Acquired stakes, deal sources and the complete acquisition history require an active premium plan.

  • Acquired stakes
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  • Exports

Verified entity values are shown only after access is granted.

Timeline of Rubamin

4 dated milestones of Rubamin across 32 years, from founding to its latest funding, stage changes and deals.

  1. Founded Rubamin is founded.
  2. Funding First funding round of $17.6M.
  3. Milestone Reaches Minicorn status.
  4. Acquisition Acquires Jammu Pigments.

Web traffic of Rubamin

The website of Rubamin (rubamin.com) receives about 5.9K visits a month.

  • Monthly visits
    5.9K

    ▼ 15.6% vs previous month

Similar websites

Websites whose visitors overlap most with Rubamin. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Axtel
axtelindia.com
100%
2.4K#6,515,896View details
sandablackwell.com
sandablackwell.com
64%
#10,933,444–
rubamindrc.com
rubamindrc.com
37%
#11,866,563–

Top companies in Metals & Minerals

3 companies that operate in the same segment as Rubamin (Metals & Minerals) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Welspun Group
Manufacturer of pipes, plates & coils, and home textile products
1985Mumbai, Maharashtra, IndiaUSD 544.74 M6,934
Sanmar Group
Chemical and casting products are manufactured, with shipping operations managed.
1962Chennai, Tamil Nadu, IndiaUSD 576.61 MUSD 1.43 B180
Mahindra
Diversified operations span automotive, agriculture, and financial services.
1945Mumbai, Maharashtra, IndiaUSD 45.15 MUSD 20.78 B78,760
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Related news about Rubamin

Rubamin acquires J&K Pigments
Business Standard • 3 years ago
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Verified entity values are shown only after access is granted.

Frequently Asked Questions about Rubamin

Rubamin was founded in 1981 and raised its 1st funding round 26 years after it was founded.

Rubamin is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.

Rubamin is a funded company, having raised a total of $17.63M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $17.63M, raised on Mar 2007.

Rubamin has 830 employees.

The primary company behind Rubamin, Rubamin Private Limited, reported revenue of ₹1,753 Cr for FY 2025, down 6% year on year.

Rubamin was established in 1981 and is based in Vadodara, India. Operations focus on the recycling sector, where critical metals are recovered from industrial process wastes using an advanced green recycling complex. Zinc compounds and catalyst materials are produced through these scaled processes. The company handles waste streams to extract valuable resources, supporting sustainable metal recovery in the manufacturing industry.

Rubamin offers Lithium-Ion Battery Recycling and Catalyst Recycling.

Rubamin has made 1 acquisition, including Jammu Pigments.

Rubamin has 25 investors. Key investors include ICICI Venture, Ajay Aggarwal, Ajit Kumar Hazra, Michael Bomi, and Alok Gupta.

The valuation of Rubamin is $28.53M as of Mar 2007.

Rubamin operates through Rubamin Private Limited.

The legal entities of Rubamin currently have 10 directors, including Anil Ramanbhai Patel, Bhuwan Purohit, Soumitra Purkayastha and others.

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