India’s waste management sector is evolving rapidly, driven by a growing population, urbanization, and increasing awareness of environmental concerns. Here’s a quick overview:

Current Scenario:

  • Generation: India generates around 62 million tonnes of waste annually, with municipal solid waste (MSW) constituting a major chunk.
  • Collection: About 70% of MSW is collected, but only 23% is treated or processed through composting, incineration, or other methods.
  • Disposal: The remaining 77% ends up in landfills, often overflowing and causing environmental and health hazards.


  • Infrastructure gap: Lack of proper infrastructure for collection, transportation, and treatment poses a significant challenge.
  • Financial constraints: Limited government funding and low private sector participation make it difficult to scale up efficient waste management systems.
  • Public awareness: Inadequate awareness about waste segregation and waste management practices hinders effective implementation.
  • Informal sector: A large informal sector involved in waste picking creates challenges in regulating and integrating them into formal systems.

Opportunities and Initiatives:

  • Growing market: The waste management market in India is estimated to reach USD 36.68 billion by 2029, offering immense potential for investors and entrepreneurs.
  • Government initiatives: Government programs like Swachh Bharat Mission (Clean India Mission) and Waste to Wealth Mission aim to improve waste management infrastructure and promote resource recovery.
  • Technological advancements: Innovations in waste treatment technologies, like waste-to-energy plants and bio-composting, offer promising solutions.
  • Circular economy: Transitioning towards a circular economy by focusing on reuse, reduce, and recycle principles can significantly reduce waste generation.

Overall, the waste management sector in India faces significant challenges, but also presents substantial opportunities. Increased investments, technological advancements, and public awareness can pave the way for a more sustainable waste management system in the country.

Here are some good Waste Management Companies in India:

1. Eco Recycling

Eco Recycling Ltd. engages in the recycling of electrical and electronic waste business. The company is headquartered in Mumbai, Maharashtra. The firm is engaged in the business of recycling of electrical & electronic waste (e-waste), data-destruction, recycling of fused lamps, providing services relating to extended producers’ responsibility, corporate social responsibility and other affiliated activities. Its end-to-end services include removal of the asset from the client’s premise, incentivization, packing, reverse logistics, data destruction, WEEE recycling, asset recovery, dismantling and e-waste recycling. The company also offers lamp recycling, precious metal recovery, extended producers responsibility implementation, corporate social responsibility enabling on pan India basis, as well as in other neighboring countries either directly or through its association with electronic waste recycling companies. The company provides an integrated solution for e-waste management for Multi-National Companies, households, other corporates, retailers, bulk consumer and others.

2. Felix Industries

Felix Industries Ltd. engages in the provision of water collection, treatment and supply. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2017-12-05. The firm holds a portfolio of approximately 450 proprietary technologies, including physicochemical, biological, membrane and bio membrane, membrane desalination, thermal and hybrid treatments to manage water in all its forms, including drinking water, industrial process water, ultrapure water, wastewater and seawater sewage effluent and others. The firm’s water and wastewater division is engaged in the construction of zero liquid discharge (ZLD) plants, industrial wastewater treatment, providing effluent recycling systems, providing waters to industries, domestic wastewater treatment, and recovery and reuse of industrial waste waters. Its industrial piping division provides industrial piping solutions, consultation services, and installation and trading.


3. Antony Waste Handling Cell

Antony Waste Handling Cell Ltd. engages in the provision of solid waste management services. The company employs 1,191 full-time employees The company went IPO on 2021-01-01. The firm is also engaged in waste to energy projects and undertakes the designing, construction, operation and maintenance of the integrated waste management facility in Kanjurmarg, Mumbai. The firm operates through the integrated waste management services segment. Its services include waste collection and transportation, municipal solid waste (MSW) processing, mechanized and non-mechanized sweeping projects, scrap/recyclables sales, and waste to energy. The company primarily undertakes MSW collection & transport (C&T) projects, MSW processing projects and mechanized sweeping projects. The firm is undertaking projects for the Municipal Corporation of Greater Mumbai, The Navi Mumbai Municipal Corporation, The Thane Municipal Corporation and The North Delhi Municipal Corporation, among others.


4. Baheti Recycling Industries

Baheti Recycling Industries Ltd. operates as an aluminum recycling company. The company is headquartered in Gandhinagar, Gujarat. The company went IPO on 2022-12-08. The firm operates as a manufacturer, exporter, and supplier of grade metals, Aluminum Alloy, and Ingots. The firm products include aluminum ingots, aluminum cubes, aluminum shots, aluminum notch bar, and aluminum alloy ingots. The Aluminum de-ox alloys are used as deoxidizer in steel manufacturing units. The company caters to primarily automotive parts and steel sectors.


5. Gravita India

Gravita India Ltd. engages in the manufacture of lead metals by the process of smelting and recycling followed by refining, alloying and manufacture of lead oxide. The company is headquartered in Jaipur, Rajasthan and currently employs 1,733 full-time employees. The company went IPO on 2010-11-16. The firm’s segments include Lead processing, Aluminum processing, Turn-key solutions, and Plastic manufacturing. Its Lead processing segment includes smelting of lead battery scrap / lead concentrate to produce secondary lead metal, which is further transformed into pure lead, specific lead alloy, lead oxides, including lead sub-oxide, red lead and litharge, and lead products, such as lead sheets, lead powder, lead shot and others. Its Aluminum processing segment includes trading of taint tabor and tense aluminum scraps, and manufacturing of alloys from melting of aluminum scrap. Its Turn-key solution segment includes a complete supply of plant and machinery related to lead manufacturing plants. The company globally operates in Ghana, Senegal, Mozambique, Tanzania, Sri Lanka, Nicaragua, and Singapore.


6. Race Eco Chain

Race Eco Chain Ltd. engages in trading and marketing of fabrics and yarns. The company is headquartered in Noida, Uttar Pradesh and currently employs 56 full-time employees. The company went IPO on 2014-03-18. The firm is engaged in the business of collection, segregation, transportation, trading, processing, composting, recycling, treatment and disposal of all types of waste and to carry on the business of collection, segregation, storage, transportation, trading, processing, composting, recycling, treatment and disposal of all types of scrap and by-products. Its segments include Recycle division, Restore division, Biomass division, and Other waste division. The company is involved in multiple waste types, such as PET Plastic Bottle Waste, Non-PET Plastic Recycling, Wastepaper, and Metal Waste. The company delivers sustainable biomass fuel for the industries through Mustard Briquettes, Sawdust Briquettes, and Groundnut Briquettes. The company provides Artificial Intelligence (AI) enabled app that uses blockchain for transactions to connect buyers and sellers. Its RACE Eco chain is involved in the aggregation of plastic waste and production of recycled products.


Waste management stocks to invest is an important and changing business in India. It is driven by urbanization, environmental consciousness, and legislative reforms. Investing in the correct waste management companies can provide financial benefits and the opportunity to contribute to a cleaner, more environmentally friendly future in this dynamic and important industry.