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. and recognised as a startup by DPIIT. 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; 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 10 peer companies in the Cleantech industry (Recycling and Waste Treatment) are compared by revenue, 5 larger and 5 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No R 724/A & B Ttc Indusrial Area Rabale, Navi Mumbai, Maharashtra, India – 400701
- 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
- One PDF report, delivered after checkout
Business Activity of Gemcorp Recycling & Technologies Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Gemcorp Recycling & Technologies Private Limited FY 2025 filings available
Gemcorp Recycling & Technologies Private Limited reported revenue of ₹142.6 Cr (down 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Gemcorp Recycling & Technologies Private Limited
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 of Gemcorp Recycling & Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
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| EBITDA | -₹40.18 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹35.32 Cr | •••• | •••• | •••• | •••• |
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| Share Capital | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Gemcorp Recycling & Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -24.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Gemcorp Recycling & Technologies are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Gemcorp Recycling & Technologies Private Limited
Gemcorp Recycling & Technologies Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Elifecycle Management Private Limited | ₹147.41 Cr (FY 2025) | •••• | •••• | 82.0% | •••• | Hyderabad, Telangana, India |
| Buoyancy Plastics for Change Recycling Private Limited | ₹146.59 Cr (FY 2025) | •••• | •••• | 193.0% | •••• | Bangalore, Karnataka, India |
| Mascot Recycling Private Limited | ₹144.64 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | New Delhi, Delhi, 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 Limited this company | ₹142.6 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Navi Mumbai, Maharashtra, India |
| Pithampur Industrial Waste Management Private Limited | ₹141.77 Cr (FY 2025) | •••• | •••• | 269.0% | •••• | Hyderabad, Telangana, India |
| CMR Chiho Industries India Private Limited | ₹138.82 Cr (FY 2022) | •••• | •••• | 27.0% | •••• | Faridabad, Haryana, 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 |
Peers are the five companies nearest above and the five nearest below Gemcorp Recycling & Technologies by revenue in the Cleantech industry (Recycling and Waste Treatment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Gemcorp Recycling & Technologies Private Limited
Gemcorp Recycling & Technologies Private Limited is audited by M/S MISHRA KARWA & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M/S MISHRA KARWA & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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 6 Months | Current |
| Varsha Girish Purohit | Additional Director | 25 Jul 2025 | 1 Years 2 Months | Current |
| Bikash Kumar Sarawgi | Additional Director | 12 Nov 2025 | 0 Years 11 Months | Current |
Ownership and Shareholding of Gemcorp Recycling & Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Gemcorp Recycling & Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Mar 2021 | Hdfc Bank Limited | ₹60 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Gemcorp Recycling & Technologies Private Limited
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. |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Gemcorp Recycling & Technologies Private Limited
Gemcorp Recycling & Technologies Private Limited has 7 court cases on record: 6 filed by Gemcorp Recycling & Technologies, 1 where it is another party. 5 cases are pending and 2 are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 0 | 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 Private Limited | Pending |
| District court, South East, Delhi | Commercial suit | Filed by the company against Almehtab Industries Private Limited | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Arora Fibres Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Company is another party | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Gemcorp Recycling & Technologies Private Limited
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 |
Employees and EPFO Compliance at Gemcorp Recycling & Technologies Private Limited
Gemcorp Recycling & Technologies Private Limited has a workforce of 43 employees as of May 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Gemcorp Recycling & Technologies Private Limited
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 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Gemcorp Recycling & Technologies Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Gemcorp Recycling & Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Gemcorp Recycling & Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Gemcorp Recycling & Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Gemcorp Recycling & Technologies Private Limited
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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Gemcorp Recycling & Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Gemcorp Recycling & Technologies Private Limited
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 reported revenue of ₹142.6 Cr for FY 2025 (down 26% YoY).
Gemcorp Recycling & Technologies has 4 current directors:
- Ashok Kumar - Director
- Vikas Chhajer - Director
- Varsha Girish Purohit - Additional Director
- Bikash Kumar Sarawgi - Additional Director
Gemcorp Recycling & Technologies reported a net loss of ₹35.32 Cr (net margin -24.8%) and EBITDA of -₹40.18 Cr (EBITDA margin -28.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Gemcorp Recycling & Technologies is -21% over three years and 100% over five years. In the latest year (FY 2025) revenue fell 26%. CAGR is the steady yearly rate that links the first and the last year.
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. 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, Buoyancy Plastics for Change Recycling Private Limited, Mascot Recycling Private Limited, Medicare Environmental Management Private Limited, Re Sustainability Iwm Solutions Limited and 5 more, all in the Cleantech industry (Recycling and Waste Treatment).