About Gemcorp Recycling & Technologies Private Limited
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Gemcorp Recycling & Technologies Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Gemini Corporation N. V.. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 29 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27320MH2019PTC332313. Its GSTIN is 27AAICG0534G1ZT (Maharashtra). The company holds 16 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹72.5 Cr and a paid-up capital of ₹72.5 Cr. It is led by directors including Ashok Kumar and Vikas Chhajer.
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 Plot No R 724/A & B Ttc Indusrial Area Rabale, Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2025, the company reported a revenue of ₹142.6 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹35.32 Cr (net margin -24.8%) and EBITDA of -₹40.18 Cr (EBITDA margin -28.2%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 100% over five years.
The company has about 43 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: GemCorp. As per MCA filings, the company has open charges of ₹60 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 5 cases are pending. The company has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in September 2024. Its 7 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, 3 larger and 4 smaller; the largest is Elifecycle Management Private Limited with revenue of ₹147.41 Cr.
For more details, the company can be reached via its website gemcorprecycling.com.
Company details
Contact details
Gemcorp Recycling & Technologies Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is gemcorprecycling.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No R 724/A & B Ttc Indusrial Area Rabale, Navi Mumbai, Maharashtra, India – 400701
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Gemcorp Recycling & Technologies 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
Gemcorp Recycling & Technologies operates one associated brand: GemCorp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides waste recycling, management services, and empowers reclaimers through partnerships. | gemcorprecycling.com |
Business activity
The main business activity of Gemcorp Recycling & Technologies 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 Gemcorp Recycling & Technologies Private Limited, buy the company report.
Financials of Gemcorp Recycling & Technologies Private Limited
FY 2025 filings availableGemcorp Recycling & Technologies Private Limited reported revenue of ₹142.6 Cr (down 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 100%. EBITDA fell 569% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹40.18 Cr | ||||
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| Net Profit (PAT) | -₹35.32 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -28.2% | ||||
| Net Profit Margin | -24.8% | ||||
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To see the full financial statements and ratios of Gemcorp Recycling & Technologies Private Limited, buy the company report.
Board of directors of Gemcorp Recycling & Technologies Private Limited
Gemcorp Recycling & Technologies has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Kumar Also directs: Gemini Recycling Foundation | Director | 05 Aug 2024 | 2 Years 2 Months | Current |
| Vikas Chhajer | Director | 20 Mar 2023 | 3 Years 7 Months | Current |
| Varsha Girish Purohit | Additional Director | 25 Jul 2025 | 1 Years 3 Months | Current |
| Bikash Kumar Sarawgi | Additional Director | 12 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Gemcorp Recycling & Technologies Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Elifecycle Management Private Limited | ₹147.41 Cr (FY 2025) | 82.0% | Hyderabad, Telangana, India | |||
| Medicare Environmental Management Private Limited | ₹144.2 Cr (FY 2025) | 9.0% | Hyderabad, Telangana, India | |||
| Re Sustainability Iwm Solutions Limited | ₹143.58 Cr (FY 2025) | 18.0% | Hyderabad, Telangana, India | |||
| Gemcorp Recycling & Technologies Private Limitedthis company | ₹142.6 Cr (FY 2025) | -₹35.32 Cr | -24.8% | -26.0% | 43 | Navi Mumbai, Maharashtra, India |
| Pithampur Industrial Waste Management Private Limited | ₹141.77 Cr (FY 2025) | 269.0% | Hyderabad, Telangana, India | |||
| Greenscape Eco Management Private Limited | ₹137.44 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Infinite Cercle Private Limited | ₹135.62 Cr (FY 2025) | 52.0% | Coimbatore, Tamil Nadu, India | |||
| Bio Mining India Private Limited | ₹135.25 Cr (FY 2025) | 38.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Gemcorp Recycling & Technologies Private Limited, buy the company report.
Auditor
Gemcorp Recycling & Technologies Private Limited is audited by M/S MISHRA KARWA & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/S MISHRA KARWA & Co. | FY 2024 | 127711W |
Shareholding
The shareholding of Gemcorp Recycling & Technologies Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Gemcorp Recycling & Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Mar 2021 | 100436796 | Hdfc Bank Limited | ₹60 Cr | Open |
To see the full charge records of Gemcorp Recycling & Technologies Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Gemcorp Recycling & Technologies Private Limited has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in September 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Funding round | ₹10 Cr | Investors: Premier Infoassists Private Limited |
| Sep 2022 | Rights issue | ₹23.25 Cr | Investors: Gemini Corporation N.V., Premier Infoassists Private Limited |
| May 2021 | Rights issue | ₹27.79 Cr | Investors: Gemini Corporation N.V., Premier Infoassists Private Limited |
| Feb 2020 | Rights issue | ₹7 Cr | Investors: Gemini Corporation N.V. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gemcorp Recycling & Technologies Private Limited has 7 court cases on record: 6 filed by Gemcorp Recycling & Technologies, 1 filed against it. 5 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 1 | 5 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sabarkantha at Himmatnagar, Gujarat | Court case (SPCS) | Filed by the company against Oswal Electricals Pvt. Ltd Managing Director-Chand Jain and 2 others | Pending |
| District court, South East, Delhi | Commercial suit | Filed by the company against Al-Mehtab Industries Pvt. Ltd. | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Arora Fibres Ltd. and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed against the company by Sanjay Shete Assistant Commissioner of State Tax | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Ms Deepthi Chemicals | Pending |
To see the full case history of Gemcorp Recycling & Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gemcorp Recycling & Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Gemcorp Recycling & Technologies has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Gemini Recycling Foundation | U85300MH2022NPL386976 |
To see the full group structure of Gemcorp Recycling & Technologies Private Limited, buy the company report.
Employees & EPFO
Gemcorp Recycling & Technologies Private Limited has a workforce of 43 employees on its EPFO records as of May 06, 2024, across 2 active EPFO establishments.
GST
Gemcorp Recycling & Technologies has 16 GST registrations: 12 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICG0534G1ZT | Maharashtra | Active | 21 Nov 2019 |
| 27AAICG0534G1D2 | Maharashtra | Active | 26 Nov 2024 |
| 24AAICG0534G1ZZ | Gujarat | Active | 04 Aug 2020 |
| 19AAICG0534G1ZQ | West Bengal | Active | 18 Jan 2021 |
To see the full GST registrations and return filing status of Gemcorp Recycling & Technologies Private Limited, buy the company report.
Recent activity
Gemcorp Recycling & Technologies Private Limited has 11 board changes on record since 2020: 4 appointments and 7 cessations. The latest: Bikash Kumar Sarawgi was appointed as Additional Director on 12 Nov 2025.
4 earlier events are in the company report.
Frequently asked questions
Gemcorp Recycling & Technologies is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 29 October 2019 (7+ years old) and is registered under CIN U27320MH2019PTC332313.
Gemcorp Recycling & Technologies has 4 current directors:
- Ashok Kumar - Director
- Vikas Chhajer - Director
- Varsha Girish Purohit - Additional Director
- Bikash Kumar Sarawgi - Additional Director
The latest financial statements of Gemcorp Recycling & Technologies 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 2020 are in the company report.
The GSTIN of Gemcorp Recycling & Technologies is 27AAICG0534G1ZT, registered in Maharashtra. The company has 16 GST registrations in all, of which 12 are active and 4 are cancelled or inactive. Other active GSTINs include 27AAICG0534G1D2 (Maharashtra), 24AAICG0534G1ZZ (Gujarat), 19AAICG0534G1ZQ (West Bengal).
The CIN (Corporate Identification Number) of Gemcorp Recycling & Technologies is U27320MH2019PTC332313. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gemcorp Recycling & Technologies has 7 court cases on record: 6 filed by the company and 1 filed against it. 5 are pending.
Gemcorp Recycling & Technologies was incorporated on 29 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Gemcorp Recycling & Technologies has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in September 2024.
The peers of Gemcorp Recycling & Technologies by revenue are Elifecycle Management Private Limited, Medicare Environmental Management Private Limited, Re Sustainability Iwm Solutions Limited, Pithampur Industrial Waste Management Private Limited, Greenscape Eco Management Private Limited and 2 more, all 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).
Bikash Kumar Sarawgi was appointed as Additional Director on 12 Nov 2025. Varsha Girish Purohit was appointed as Additional Director on 25 Jul 2025. Ashok Kumar ceased to be Additional Director on 29 Sep 2024. Gemcorp Recycling & Technologies has 11 board changes on record in total.
Gemcorp Recycling & Technologies can be reached through the website gemcorprecycling.com. Its registered office is in Navi Mumbai, Maharashtra, India.
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