Namo eWaste Management Limited

About Namo eWaste Management Limited  Namo eWaste Management Limited stands as a pioneering force in the field of e-waste collection, disposal, and recycling. Specializing in handling a wide array of electrical and electronic equipment (EEE) waste, including air conditioners, refrigerators, laptops, phones, and washing machines, they are dedicated to managing substantial volumes of e-waste. Their expertise extends to extracting valuable metals like copper, aluminum, and iron, as well as dealing with complex materials such as batteries, plastics, and glass. They ensure that these materials are processed in a manner that prevents harmful chemicals from contaminating the environment, thereby promoting sustainable recycling and reuse.  Their comprehensive service portfolio encompasses several critical areas of e-waste management. In electronic recycling, they process obsolete or irreparably damaged devices by dismantling them to recover useful materials and safely dispose of hazardous elements. They also offer data destruction services and IT asset disposition, including data degaussing, hard disk shredding, and software data destruction, ensuring that confidential information on IT assets is securely erased to prevent unauthorized access. For functional but outdated electronics, they provide refurbishment services, involving testing, repairing, and cleaning devices from brands like Apple, HP, Lenovo, and Dell, making them available for resale through various channels.  Their infrastructure includes a main factory located at Faridabad, and a storage and dismantling unit in Palwal, Haryana. These facilities are equipped with the necessary machinery and handling equipment to facilitate an efficient recycling process. In April 2023, they expanded their capabilities through the acquisition of Tech eco Waste Management LLP, which operates a factory in Nashik, Maharashtra. This strategic expansion enhances their ability to manage larger volumes of e-waste and supports their growth objectives.  Namo eWaste Management Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:   Funding the Capital Expenditure requirements of our subsidiary i.e. Techeco Waste Management LLP, towards setting up of a new factory unit at Nashik.  To Meet Working Capital Requirement  General Corporate Purpose