- CEO
- Yashas Suhas Bhand
- Full Time Employees
- 65
- Sector
- Industrial services
- Industry
- Environmental services
- Address
- The Affaires Navi Mumbai MA India 400705
- IPO Date
- Oct 6, 2023
- Business
- Organic Recycling Systems Limited (ORSL), headquartered in Navi Mumbai, India, and founded in 2008, is an environmental engineering company specializing in sustainable waste management and valorization solutions across the waste value chain; it develops, constructs, and operates waste-to-energy projects, primarily focused on municipal solid waste (MSW), organic waste, and biomass processing in India. The company offers a comprehensive portfolio of proprietary technologies and services, including Marut Drum for mechanical waste segregation; DRYAD anaerobic digestion systems for biogas and slurry production; INV-CO and EW-CO composting solutions for nutrient-rich organic manure and fermented organic manure (FOM); Sanjeevak and Alpha Carbon carbonization processes for biomass-based green charcoal and biochar; refuse-derived fuel (RDF) from non-recyclable dry waste; compressed biogas (CBG) production; and end-to-end engineering, procurement, and construction (EPC), operations and maintenance (O&M), consulting, and technology licensing services, with scalable capacities customized for municipalities, corporations, governments, and private entities such as Indian Oil Corporation Limited and municipal corporations in Delhi, Solapur, Kolkata, Kalyan-Dombivli, Palakkad, Kannur, and Varanasi. ORSL operates India's largest biogas-to-power waste-to-energy facility in Solapur, Maharashtra, with 400 tonnes per day (TPD) capacity under a build-own-operate-transfer (BOOT) model, processing unsegregated MSW into renewable energy, compost, and bio-fertilizers while mitigating significant CO2 emissions. Recent developments include a June 2024 technology transfer agreement with CSIR-Indian Institute of Petroleum for Vacuum Swing Adsorption (VSA) technology to upgrade raw biogas to pipeline-quality bio-methane, supporting India's SATAT initiative for 15 million tons annual CBG production; a November 2025 Danish grant of DKK 1,028,800 to its Research Innovation Centre for a Danish-Thai-Indian circular bioeconomy project on mango waste valorization through anaerobic digestion and bioproducts, running January 2026 to March 2027; expansion into biomedical waste valorization; commissioning of a pilot biomethanation plant with SSS-NIBE using THERMI-NIBE microbial consortium; securing National Innovation Board approval for an in-house gas-yield-enhancing catalyst; allotment of 960,000 equity shares upon conversion of warrants raising approximately ₹3.8 billion for general corporate purposes and preference share redemption; FY25 consolidated revenue growth of 75% to ₹487 million, EBITDA up 53% to ₹158 million, and PAT surging 101% to ₹157 million with a debt-to-equity ratio of 0.3x; and strategic R&D collaborations with IIT Bombay, AGH University Poland, and University of Birmingham to advance anaerobic digestion, carbon capture, and circular economy solutions.