Material Recycling Association Of India - Company Profile

It is a environment public not for profit company based in Mumbai, Maharashtra, India, established in 2011.

2011 Mumbai, Maharashtra, India Active

Last Updated: January 03, 2026

About Material Recycling Association Of India

Material Recycling Association Of India, a active public not for profit company, was established on 01 November 2011 in Mumbai, Maharashtra, India. Engaging in waste management & recycling solutions within the personal and household service sector, it holds CIN: U37100MH2011NPL223543. Registered under ROC Roc Mumbai. it is unlisted.

Formerly known as Metal Recycling Association Of India, Material Recycling Association Of India. It upholds a compliant status. Its leadership includes Ehsan Haji Amin Gadawala (Director), Anirudh Jhunjhunwala (Director), Sanjay Maganlal Mehta (Director). Past directors included Pankaj Aggarwal, Ehsan Haji Amin Gadawala, Kishore Singh Rajpurohit. Its latest AGM occurred on 27 September 2025, with the balance sheet filed on 31 March 2025. It is based at 105/106, 1St Floor, A Wing Dynasty Business Park, Andheri East, Mumbai, Maharashtra, 400059.

Company Details

CIN/LLPIN
U37100MH2011NPL223543
Registration Number
223543
Incorporation Date
01 November 2011
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Company Age 14 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 431.43% (FY 2023)
Profit Growth **** 699.44% (FY 2023)
Ebitda **** -248.67% (FY 2023)
Net Worth 62.51% (FY 2023)
Total Assets **** 31.06% (FY 2023)

Comprehensive Company Insights

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Who are the key members and board of directors at Material Recycling Association Of India?

Current Directors

Name	Designation	Appointment Date	Status
Ehsan Haji Amin Gadawala	Director	16 Dec 2021	Current
Anirudh Jhunjhunwala	Director	06 Feb 2020	Current
Sanjay Maganlal Mehta	Director	01 Nov 2011	Current
Brijkishor Kishangopal Soni	Director	27 Jan 2023	Current
Keyur Hiteshkumar Shah	Director	11 Sep 2024	Current
Naveen Prakash Sharma	Director	28 Sep 2018	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	27 Sep 2022	Past
Pramod Abcsdd	Additional Director	27 Sep 2022	Past
Pramod Abcsdd	Director	29 Sep 2021	Past
Pramod Abcsdd	Director	01 Aug 2014	Past
Pramod Abcsdd	Director	16 Mar 2019	Past
Pramod Abcsdd	Additional Director	30 Sep 2020	Past

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Financial Performance of Material Recycling Association Of India.

Material Recycling Association Of India, for the financial year ended 2023, experienced significant growth in revenue, with a 431.43% increase. The company also saw a substantial improvement in profitability, with a 699.44% increase in profit. The company's net worth Soared by an impressive increase of 62.51%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

431.43%

*******

Revenue from Operations

*******

Total Assets

*******

31.06%

*******

Profit or Loss

*******

699.44%

*******

Net Worth

*******

62.51%

*******

EBITDA

*******

-248.67%

*******

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What is the Ownership and Shareholding Structure of Material Recycling Association Of India?

Unlock access to Material Recycling Association Of India's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Material Recycling Association Of India?

Unlock and access historical data on people associated with Material Recycling Association Of India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Material Recycling Association Of India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Material Recycling Association Of India's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Material Recycling Association Of India

Recent Activity within the Organization

Annual General Meeting

The activity Material Recycling Association Of India last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records. was completed.
27 Sep 2025
Balance Sheet

Progress on Material Recycling Association Of India has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.
31 Mar 2025
Director Appointment

Keyur Hiteshkumar Shah was appointed as a Director was appointed as a Director on 11 Sep 2024 & has been associated with this company since 1 year 5 months . was recorded as a recent event.
11 Sep 2024
Director Appointment

Divye Sanchi Kohli was appointed as a Director was appointed as a Director on 11 Sep 2024 & has been associated with this company since 1 year 5 months . was recorded as a recent event.
11 Sep 2024
Director Appointment

Rahul Goyal was appointed as a Director was appointed as a Director on 11 Sep 2024 & has been associated with this company since 1 year 5 months . was recorded as a recent event.
11 Sep 2024
Director Appointment

Harsh Rajendra Gandhi was appointed as a Director was appointed as a Director on 11 Sep 2024 & has been associated with this company since 1 year 5 months . was recorded as a recent event.
11 Sep 2024

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