Management Team
Mr. Shyam Sunder Sharmma, Chairman
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Journey Began
Entered into business in 1987.
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Products Manufactured
Regenerated Polyester Staple Fibre (RPSF) from waste PET bottles.
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Manufacturing Facilities
The company has three recycling units in India in Kanpur (U.P.), Bilaspur (U.P.) and Rudrapur (Uttaranchal).
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Production Capacity
GESL recycles more than 4.4 billion bottles annually. The company has three recycling units with a total installed capacity to produce 87,600 TPA of recycled Polyester Staple Fibre (RPSF) and 7,200 TPA recycled Polyester Spun Yarn (RPSY) by recycling PET waste.
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Expansion Plans
The company successfully completed the first full year of operations of its expanded RPSF capacity of Bilaspur Unit. With an expanded capacity of more than 21,000 TPA, the new unit contributed 22% of the total production of the companyraising consolidated RPSF capacity to 1,08,600 TPA
Ganesha Ecosphere started investing in capacities since 1995, expanding its PET recycling capacity from 6000 TPA to 87,600 TPA by end of March 2016. Its integrated forward yarn spinning capacity stands at 7,200 TPA coupled with yarn dyeing / texturising capacity of 3000 TPA, ensures a cumulative capacity of 97,800 TPA. With capital investments of more than Rs.210 crore in last five years, the company has created an integrated infrastructure for producing products for key downstream industries through raw material that help create a cleaner, greener environment.
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Financial Performance
Ganesha Ecosphere collected nearly 79,000 tonnes of PET wastes during FY 2015-16. This translated into recycling more than 4.4 billion PET bottles (a 17% increase than the previous year).The company’s revenue from operations increased by 4% from Rs. 621.95 crore in 2014-15 to Rs. 646.49 crore in FY 2015-16.Profit after tax was Rs. 24.86 crore in FY 2015- 16 compared to Rs. 23.07 crore in FY 2014-15, an increase of 8%.
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Vision
Sensing the opportunity put forth by new regulations for handling the plastic scrap, the company is strengthening and widening its collection network across the country. Evolving with changing times and leveraging its deep market understanding, Ganesha Ecosphere is now focusing towards producing more value-added products with concentrated R&D efforts and cutting edge technology.
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Green Initiative
Ganesha Ecosphere’s daily business operations also represents its commitment towards environmental management to create a better tomorrow. Its manufacturing process of PET fibre as opposed to virgin polyester is itself a ‘green initiative’. This helps contribute at least 50% lower energy consumption, also effecting a reduced CO2 emission. With a recycling capacity of more than 13 million bottles in a day, the company is positively contributing towards saving of landfill space.