Eco Recycling and ERI USA formally unveiled their strategic partnership initiative, ERI India, in Tokyo on August 31, 2026. The announcement took place before an audience of more than 800 participants from the global recycling community, alongside senior government officials and representatives from the Embassies of India, Japan, and the United States.

The launch marks a significant milestone in the companies' earlier disclosed plans to establish a joint venture focused on circular resource recovery. By combining ERI's global expertise in IT Asset Disposition (ITAD) and material recovery with Eco Recycling's Indian infrastructure and operating experience, the initiative aims to create a technology-driven platform for responsible e-waste recycling.

Strategic Objectives

The partnership seeks to move beyond conventional waste management by focusing on the preservation and recovery of material wealth embedded in end-of-life electronics. ERI India will leverage complementary strengths to address the growing volumes of discarded electrical and electronic equipment through advanced technologies and international standards.

Key capabilities being integrated include:

• ERI: Global experience in ITAD, data security systems, material recovery practices, and internationally developed operating standards.
• Eco Recycling: Indian infrastructure, regulatory understanding, regional networks, and over two decades of experience in the local recycling ecosystem.

Leadership Commentary

B. K. Soni, Chairman and Managing Director of Eco Recycling, emphasized the broader significance of the collaboration. He stated that the partnership represents an opportunity to recover material wealth scientifically and responsibly, noting that once material is lost, it is lost forever. Soni highlighted the role of the recycling community as treasurers of material wealth above ground, aiming to put recovered resources back into productive use.

John Shegerian, Chairman and CEO of ERI, expressed pleasure in unveiling ERI India alongside Soni. He described India as an extraordinary opportunity to combine world-class ITAD and technology reuse practices with the country's growing recycling ecosystem. Shegerian noted the shared objective is to create a transparent, responsible, and technology-driven circular model.

Industry Context

The initiative reflects a broader shift in the global recycling industry towards recognizing end-of-life electronics as a source of secondary materials and strategic resources rather than merely a waste-management challenge. As countries increasingly focus on resource security, critical minerals, and resilient supply chains, the partners believe India has the potential to become an important global hub for responsible technology reuse and material recovery.

Ecoreco continues to make appropriate disclosures regarding further developments in accordance with applicable regulatory requirements.

Eco Recycling Limited reported consolidated revenue of ₹19.13 crore and a net profit after tax (PAT) of ₹9.17 crore for the quarter ended June 30, 2026. Alongside the financial results, the Mumbai-based waste management firm outlined a strategic shift from conventional e-waste recycling to high-value resource recovery, targeting India’s emerging critical mineral sector.

The company’s EBITDA stood at ₹12.06 crore, while profit before tax was ₹11.40 crore. Earnings per share (EPS) remained at ₹4.49. These figures align with the company’s earlier disclosure of a 75% year-on-year revenue expansion, supported by improved operational efficiency across its circular resource recovery value chain.

Strategic Pivot to Urban Mining

Ecoreco is progressively integrating critical mineral recovery into its existing platform. The company is exploring opportunities in recovering strategic minerals from e-waste and spent lithium-ion batteries, advanced material separation, and technology partnerships for extraction and refining.

This strategic response aligns with the Government of India’s National Critical Mineral Mission (NCMM) and the newly introduced ₹1,500 crore Incentive Scheme for Promotion of Critical Mineral Recycling. The scheme supports the establishment of new capacity as well as the expansion and modernisation of existing facilities for secondary resources including e-waste and spent batteries.

Key Financial Metrics

What the Numbers Show

The financial performance underscores the company’s focus on profitability and disciplined capital allocation. With EBITDA constituting approximately 63% of total revenue, the firm demonstrates strong cost control capabilities. This operational foundation positions Ecoreco to leverage government incentives for capacity expansion without compromising financial stability.

Long-Term Vision

The company aims to evolve into an integrated circular resource recovery platform. Management stated that urban mining can become an important part of India’s future critical-mineral supply chain, complementing primary mining. Ecoreco intends to pursue these opportunities in a capital-efficient manner, leveraging existing infrastructure and feedstock access.

The Board of Directors approved the unaudited consolidated financial results at their meeting held on August 10, 2026. The Statutory Auditors have expressed an unmodified conclusion on the standalone and consolidated financial results. The detailed results were filed with stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.