About Organic Recycling Systems Limited
Data last updated: 14 July 2026
Organic Recycling Systems Limited is a public limited company based in Thane, Maharashtra, India. It specialises in demolition and construction services, a part of the broader construction sector. Incorporated on 29 August 2008, the company has been in operation for over 18 years.
Registered with ROC Mumbai under CIN U40106MH2008PLC186309. Listed.
Capital: an authorised share capital of ₹20.5 Cr and a paid-up capital of ₹10.51 Cr. Formerly known as Organic Recycling Systems Private Limited. It is led by directors including Yashas Suhas Bhand and Janaki Sarang Bhand.
Last AGM: 11 September 2025. Financial statements filed for year ended 31 March 2025. Office: Thane, Maharashtra.
As per BSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹105.07 Cr, a growth of 140.04% compared to the previous year. The net worth stands at ₹123.12 Cr. Total assets are valued at ₹210.35 Cr (up 8.64% YoY).
The company has a workforce of approximately 37 employees as per the latest available data. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand - Organic Recycling Systems. As per MCA filings, the company has open charges of ₹33.84 Cr and satisfied charges of ₹7.55 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website organicrecycling.co.in.
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Registered Address1003 10Th Floor The Affaires, Plot No 9 Sector No 17 Sanpada Navi Mumbai, Thane, Maharashtra, India – 400705
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IndustryConstruction, Demolition & Construction Services, Electrical Services, Plumbing Services & Construction Specialties
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Organic Recycling Systems Limited
Organic Recycling Systems Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L40106MH2008PLC186309, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40106MH2008PLC186309 | Current |
| U40106MH2008PLC186309 | Previous |
| U40106MH2008PTC186309 | Previous |
Associated Brands with Organic Recycling Systems Limited
Organic Recycling Systems Limited operates one associated brand: Organic Recycling Systems. These brands represent Organic Recycling Systems Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provider of waste management solutions | organicrecycling.co.in |
Competitors & Alternatives of Organic Recycling Systems Limited
Brands and companies operating in the same space as Organic Recycling Systems Limited include Re Sustainability, Peppermint Robotics, Hasiru Dala Innovations and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Re Sustainability
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Bio-medical waste treatment, collection, and recycling services are offered. | Hyderabad, India, India | 1994 |
Peppermint Robotics
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Intelligent robots are provided for commercial and industrial automation tasks. | Pune, India, India | 2019 |
Hasiru Dala Innovations
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Integrated waste management solutions are provided for urban areas. | Bengaluru, India, India | 2015 |
Ramky
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Infrastructure development and environment management services are provided by Ramky. | Hyderabad, India, India | 1994 |
Nepra
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Provides solutions for the collection, segregation, processing, and recycling of municipal dry waste | Ahmedabad, India, India | 2006 |
RecommerceX
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Manufacturer of recycled steel and plastic products from industrial waste | Noida, India, India | 2024 |
Saahas
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Waste management and collection services are provided by Saahas. | Bengaluru, India, India | 2010 |
Let's Recycle
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Dry waste is collected, segregated, and sent to authorized recyclers. | Ahmedabad, India, India | 2012 |
Business Activity of Organic Recycling Systems Limited
Organic Recycling Systems Limited is engaged in multiple principal business activities such as manufacturing, construction, and trade, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, demolition & site preparation, electrical, plumbing & other specialized construction activities, retail trading. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
| G | Trade | G2 | Retail Trading | Locked |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | Locked |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details for Organic Recycling Systems Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Organic Recycling Systems Limited
Organic Recycling Systems Limited is audited by VORA & ASSOCIATES (ICAI peer reviewed, certificate valid till 2026-05-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| VORA & ASSOCIATES (ICAI peer reviewed, certificate valid till 2026-05-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Organic Recycling Systems Limited
Organic Recycling Systems Limited is currently managed by 5 directors, with 10 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Yashas Suhas Bhand
Also directs:
Organic Recycling Systems Limited, Solapur Bioenergy Systems Private Limited, Organic Waste (India) Private Limited and 4 more
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Whole-Time Director | 22 Oct 2020 | 5 Years 9 Months | Current |
| Janaki Sarang Bhand | Director | 01 Sep 2022 | 3 Years 11 Months | Current |
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Rakesh Mehra
Also directs:
Organic Recycling Systems Limited, Econo Tech Services Pvt Ltd
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Director | 04 Oct 2022 | 3 Years 10 Months | Current |
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Sarang Bhand
Also directs:
Organic Recycling Systems Limited, Solapur Bioenergy Systems Private Limited, Organic Waste (India) Private Limited and 2 more
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Managing Director | 29 Aug 2008 | 17 Years 11 Months | Current |
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Amit Vijay Karia
Also directs:
Organic Recycling Systems Limited, Solapur Bioenergy Systems Private Limited, Organic Waste (India) Private Limited and 1 more
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Director | 04 Oct 2022 | 3 Years 10 Months | Current |
Financials of Organic Recycling Systems Limited FY 2026 filings available
Organic Recycling Systems Limited reported revenue of ₹105.07 Cr (up 140.04% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Revenue from Operations | ₹105.07 Cr | ₹43.77 Cr | ₹27.49 Cr |
| Other Income | ₹60.42 Lakh | ₹4.96 Cr | ₹30.29 Lakh |
| Total Income | ₹105.68 Cr | ₹48.73 Cr | - |
| Cost of Materials Consumed | ₹2.14 Lakh | ₹74.3 Lakh | ₹4.03 Cr |
| Purchases of Stock-in-Trade | ₹56.72 Cr | ₹9.39 Cr | ₹0 |
| Changes in Inventories | -₹6.02 Cr | -₹2.55 Cr | -₹30.48 Lakh |
| Employee Benefit Expense | ₹6.62 Cr | ₹4.47 Cr | ₹3.67 Cr |
| Finance Costs | ₹48.78 Lakh | ₹26.35 Lakh | ₹1.3 Cr |
| Depreciation & Amortisation | ₹3.93 Cr | - | - |
| Other Expenses | ₹17.45 Cr | ₹15.93 Cr | ₹9.76 Cr |
| Total Expenses | ₹79.21 Cr | ₹31.68 Cr | ₹21.11 Cr |
| Profit Before Exceptional Items & Tax | ₹26.47 Cr | - | - |
| Exceptional Items | ₹0 | - | - |
| Profit Before Tax | ₹26.47 Cr | ₹16.93 Cr | ₹6.68 Cr |
| Total Tax Expense | ₹1.39 Cr | ₹1.21 Cr | -₹1.09 Cr |
| Net Profit | ₹25.08 Cr | ₹15.72 Cr | ₹7.77 Cr |
| attributable to Owners | ₹0 | - | - |
| attributable to NCI | ₹0 | - | - |
| Other Comprehensive Income | ₹0 | - | - |
| Total Comprehensive Income | ₹25.08 Cr | - | - |
| EBITDA (computed) | ₹30.89 Cr | - | - |
| Basic EPS | ₹28.96 | - | - |
| Diluted EPS | ₹24.12 | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Assets | ₹210.35 Cr | ₹193.62 Cr | ₹135.04 Cr |
| Non-current Assets | ₹112.06 Cr | ₹114.79 Cr | ₹84.96 Cr |
| Current Assets | ₹98.29 Cr | ₹78.82 Cr | ₹50.09 Cr |
| Property, Plant & Equipment | ₹47.03 Cr | ₹50.67 Cr | - |
| Inventories | ₹9.7 Cr | ₹3.66 Cr | ₹1.17 Cr |
| Trade Receivables | ₹69.69 Cr | - | - |
| Cash & Equivalents | ₹2.85 Cr | ₹1.27 Lakh | ₹8.19 Cr |
| Equity (Net Worth) | ₹123.12 Cr | - | - |
| Equity Share Capital | ₹8.8 Cr | - | - |
| Borrowings (Non-current) | ₹41.94 Cr | - | - |
| Borrowings (Current) | ₹2.9 Cr | - | - |
| Total Debt (computed) | ₹44.83 Cr | - | - |
| Current Liabilities | ₹42.21 Cr | ₹14.09 Cr | ₹18.88 Cr |
| Total Liabilities | ₹87.23 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Operating Cash Flow | ₹18.55 Cr | -₹6.7 Cr | ₹2.8 Cr |
| Investing Cash Flow | -₹23.04 Cr | -₹16.64 Cr | -₹5.03 Cr |
| Financing Cash Flow | -₹18.06 Cr | ₹40.55 Cr | ₹10.22 Cr |
| Capital Expenditure | ₹16.14 Lakh | ₹8.62 Cr | - |
| Free Cash Flow (computed) | ₹18.39 Cr | -₹15.32 Cr | - |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹22.55 Cr | ₹17.21 Cr | ₹7.99 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Revenue from Operations | ₹43.76 Cr | ₹25.23 Cr | ₹18.13 Cr |
| Other Income | ₹40.74 Lakh | ₹2.38 Cr | ₹29.03 Lakh |
| Total Income | ₹44.17 Cr | ₹27.61 Cr | - |
| Cost of Materials Consumed | ₹2.14 Lakh | ₹74.3 Lakh | ₹4.03 Cr |
| Purchases of Stock-in-Trade | ₹31.76 Cr | ₹9.39 Cr | ₹0 |
| Changes in Inventories | -₹4.23 Cr | -₹1.29 Lakh | -₹91,000 |
| Employee Benefit Expense | ₹4.57 Cr | ₹3.5 Cr | ₹2.45 Cr |
| Finance Costs | ₹27.88 Lakh | ₹5.48 Lakh | ₹76.76 Lakh |
| Depreciation & Amortisation | ₹1.38 Cr | - | - |
| Other Expenses | ₹5.09 Cr | ₹8.52 Cr | ₹6.75 Cr |
| Total Expenses | ₹38.88 Cr | ₹22.98 Cr | ₹14.14 Cr |
| Profit Before Exceptional Items & Tax | ₹5.29 Cr | - | - |
| Exceptional Items | ₹0 | - | - |
| Profit Before Tax | ₹5.29 Cr | ₹4.63 Cr | ₹4.28 Cr |
| Total Tax Expense | ₹1.26 Cr | ₹1.18 Cr | ₹1.13 Cr |
| Net Profit | ₹4.02 Cr | ₹3.42 Cr | ₹3.15 Cr |
| Other Comprehensive Income | ₹0 | - | - |
| Total Comprehensive Income | ₹4.02 Cr | - | - |
| EBITDA (computed) | ₹6.94 Cr | - | - |
| Basic EPS | ₹4.65 | - | - |
| Diluted EPS | ₹3.87 | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Assets | ₹233.34 Cr | ₹247.74 Cr | ₹208.66 Cr |
| Non-current Assets | ₹187.42 Cr | ₹201.33 Cr | ₹174.06 Cr |
| Current Assets | ₹45.92 Cr | ₹46.41 Cr | ₹34.6 Cr |
| Property, Plant & Equipment | ₹1.18 Cr | ₹68.11 Lakh | - |
| Inventories | ₹4.25 Cr | ₹2.66 Lakh | ₹1.17 Lakh |
| Trade Receivables | ₹33.69 Cr | - | - |
| Cash & Equivalents | ₹2 Cr | ₹15,000 | ₹5.79 Cr |
| Equity (Net Worth) | ₹172.63 Cr | - | - |
| Equity Share Capital | ₹8.8 Cr | - | - |
| Borrowings (Non-current) | ₹32.89 Cr | - | - |
| Borrowings (Current) | ₹2.09 Cr | - | - |
| Total Debt (computed) | ₹34.97 Cr | - | - |
| Current Liabilities | ₹21.72 Cr | ₹5.98 Cr | ₹12.66 Cr |
| Total Liabilities | ₹60.72 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Operating Cash Flow | -₹1.98 Cr | -₹15.36 Cr | -₹4.42 Cr |
| Investing Cash Flow | ₹46.39 Lakh | -₹1.66 Cr | -₹2.76 Cr |
| Financing Cash Flow | -₹21.86 Cr | ₹36.6 Cr | ₹12.82 Cr |
| Capital Expenditure | ₹13.64 Lakh | ₹33.32 Lakh | - |
| Free Cash Flow (computed) | -₹2.11 Cr | -₹15.69 Cr | - |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹23.38 Cr | ₹19.58 Cr | ₹5.64 Cr |
Shareholding Pattern of Organic Recycling Systems Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 18.10%, domestic institutional investors hold 0.15%, retail and other public shareholders hold 81.75% of Organic Recycling Systems Limited. The company had 892 shareholders on record.
| Mar 2026 | Sep 2025 | Mar 2025 | Sep 2024 | Mar 2024 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Promoters | 18.10% | 18.10% | 18.10% | 20.35% | 20.35% | 20.35% |
| Public | 81.90% | 81.90% | 81.90% | 79.65% | 79.65% | 79.65% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 18.10% | 18.10% | 20.35% |
| Public | 81.90% | 81.90% | 79.65% |
| Promoter change (YoY, %pts) | +0.00 | -2.25 | - |
Group Structure of Organic Recycling Systems Limited
Organic Recycling Systems Limited has 4 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Organic Recycling Systems Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Solapur Bioenergy Systems Private Limited | U40108MH2005PTC298301 | - |
| Organic Waste (India) Private Limited | U40108MP1997PTC012063 | - |
| Pune Urban Recyclers Private Limited | U40300MH2005PTC150860 | - |
| Meerut Bio-Energy Systems Private Limited | U74999MH2017PTC298803 | - |
Showing major subsidiaries. Total: 4.
Charges & Borrowings of Organic Recycling Systems Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Nov 2025 | State Bank of India | ₹4.75 Cr | Open |
| 21 Jun 2024 | Others | ₹2 Lakh | Open |
| 14 Jun 2024 | Others | ₹37.99 Lakh | Open |
| 15 Feb 2022 | Hdfc Bank Limited | ₹25.17 Lakh | Open |
| 30 Mar 2016 | Others | ₹28.44 Cr | Open |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Organic Recycling Systems Limited
Organic Recycling Systems Limited has a workforce of 37 employees as of Mar 31, 2024.
Employee and EPFO history for Organic Recycling Systems Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
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- ECR filing status
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GST Compliance of Organic Recycling Systems Limited
GST registrations and filing compliance for Organic Recycling Systems Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Organic Recycling Systems Limited
Credit ratings, litigation, and regulatory alerts for Organic Recycling Systems Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Organic Recycling Systems Limited
MSME payment history for Organic Recycling Systems Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Organic Recycling Systems Limited
Corporate group structure for Organic Recycling Systems Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
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MCA Filings & Documents of Organic Recycling Systems Limited
MCA filings and documents for Organic Recycling Systems Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
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Recent Activity on Organic Recycling Systems Limited
Recent News on Organic Recycling Systems Limited
Frequently Asked Questions about Organic Recycling Systems Limited
Organic Recycling Systems Limited is an active public limited company in the construction sector based in Thane, Maharashtra, India. It was incorporated on 29 August 2008 (18+ years old) and is registered under CIN L40106MH2008PLC186309. The company has 37 employees.
Organic Recycling Systems Limited reported revenue of ₹105.07 Cr for FY 2026 (up 140.04% YoY) based on consolidated BSE filings.
The current directors of Organic Recycling Systems Limited are:
- Yashas Suhas Bhand - Whole-Time Director
- Janaki Sarang Bhand - Director
- Rakesh Mehra - Director
- Sarang Bhand - Managing Director
- Amit Vijay Karia - Director
The primary industry of Organic Recycling Systems Limited is construction. The company specifically operates in demolition and construction services. The company is currently active in this sector.
Yes, Organic Recycling Systems Limited is a listed company.
Organic Recycling Systems Limited can be reached at the registered office: 1003 10Th Floor The Affaires, Plot No 9 Sector No 17 Sanpada Navi Mumbai, Thane, Maharashtra, India – 400705, or through the website organicrecycling.co.in.