Hi-Green Carbon Ltd – Company Report
1. Company Overview
Hi-Green Carbon Ltd, established in 2011 and headquartered in Rajkot, Gujarat, is a pioneering company in the field of waste tyre recycling and circular economy solutions. A venture of the Radhe Group of Energy, Hi-Green Carbon leverages advanced, patented technology to process waste hydrocarbons—specifically end-of-life tyre (ELT) pieces—into valuable products for multiple industries. The company has successfully scaled from prototype plants to operating one of the world’s largest continuous pyrolysis and integrated recovery plants, located in Bhilwara, Rajasthan. The plant is equipped for continuous, automated production and is among the first of its kind globally, with a processing capacity of 100 metric tons per day.
Hi-Green Carbon is deeply committed to sustainability: the company’s operations help reduce carbon dioxide emissions by an estimated 60 tons for every 35 TPD of recovered carbon black produced. The company adheres to high standards for quality, safety, and environmental compliance, and has earned certifications including ISO 14001:2015 (Environment), ISO 45001:2018 (Occupational Health & Safety), ISO 9001:2015 (Quality), GMP, RoHS, and ISCC PLUS. It serves both domestic and export markets and achieves global sustainability standards with REACH compliance.
- Incorporated: 2011
- Headquarters: Rajkot, Gujarat, India
- Core Business: Waste tyre recycling, production of recovered carbon black (rCB), and sustainable materials
- Major Plant: Bhilwara, Rajasthan, 100 TPD continuous pyrolysis capacity
- Certifications: ISO 14001, ISO 45001, ISO 9001, GMP, RoHS, REACH, ISCC PLUS
- Employees: 30 (approx.)
2. Products and Services
Hi-Green Carbon Ltd specializes in transforming waste tyres into high-value outputs through a fully automatic, PLC-controlled facility:
Recovered Carbon Black (rCB):
- Produced from high-quality crumb rubber using a patented process
- Used in tires, rubber products, plastics, inks, coatings, masterbatches, and construction materials
- Available in commercial carbon black grades (SS-330, SS-550, SH-665 series)
Steel Wires:
- Extracted as a by-product of tyre pyrolysis for reuse in steel markets
Fuel Oil and Synthesis Gas:
- Fuel oil can be supplied as an energy source/biofuel alternative
- Synthesis gas is fully utilized within the plant for sodium silicate (“raw glass”) manufacturing
Sodium Silicate:
- Manufactured utilizing the energy from in-house gas production, serving industries such as detergents, adhesives, and chemicals
The process is fully automatic and controlled by Supervisory Control and Data Acquisition (SCADA), ensuring product consistency and minimal human intervention. Hi-Green Carbon’s technology reduces landfill burden and maximizes circular value, supporting the production of new industrial and consumer goods with lower environmental impact.
3. Recent News and Financial Performance
Business Developments:
- The company continues to scale operations and develop innovative uses for its products, complemented by the achievement of ISCC PLUS certification in 2024–2025.
- Hi-Green Carbon’s headquarters and facilities have seen major upgrades, supporting both higher capacity and consistent quality.
Recent Developments:
- January 2, 2025: The company received the First Eligibility Certificate from the Government of Maharashtra under the Package Scheme of Incentives (2019) for its new plant in Dondaicha, Dhule District. They have already invested ₹36.11 crore in the first phase of this Maharashtra plant, qualifying to claim an annual incentive of ₹2.89 crore for 10 years starting November 2024. The remaining ₹14 crore investment is slated for completion by March 2026.
- February 5, 2024: The Board approved a strategic investment into its wholly-owned subsidiary Shantol Recycling Private Limited, which is developing a 100 TPD waste recycling plant in Hatod, Madhya Pradesh. To support this, Hi-Green Carbon will invest up to ₹5 crore for acquiring 38,057 sq. m. of land allotted by the Madhya Pradesh Industrial Development Corporation (MPIDC). The Hatod plant will be the company’s third facility, complementing the already operational 100 TPD plant in Bhilwara and the developing plant in Dhule, Maharashtra.
4. Financial Performance (FY2025):
| Metric | FY2025 Value | YoY Growth |
|---|---|---|
| Total Revenue | ₹97 crore | 38.57% |
| Net Profit | ₹11 crore | 10% |
| Operating Profit Margin | 20% | Stable |
| Earnings Per Share (EPS) | ₹4.45 | Slight Increase |
| Return on Equity (ROE) | 14% | Healthy |
| Debt Status | Virtually Debt-Free | Maintained |