Divyadhan Recycling Industries Ltd IPO

About Divyadhan Recycling Industries Ltd

Our Company was incorporated as a Private Limited Company with the name of Divyadhan Consultants Private Limited under the Companies Act, 1956 vide certificate of incorporation dated May 03, 2010, issued by Registrar of Companies, Maharashtra, Mumbai, bearing registration no. 202686. Thereafter, the name of the company was changed from Divyadhan Consultants Private Limited to Divyadhan Recycling Industries Private Limited vide special resolution passed by the members of the company at the Extra Ordinary General Meeting held on September 27, 2023 vide certificate of incorporation dated November 10, 2023. Further, our Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of our Company at the Extra-Ordinary General Meeting held on December 13, 2023 and the name of our Company changed from Divyadhan Recycling Industries Private Limited to Divyadhan Recycling Industries Limited & Registrar of Companies, Maharashtra, Mumbai issued a new certificate of incorporation consequent upon conversion dated March 02, 2024 bearing CIN U39000MH2010PLC202686.

Polyester Staple Fiber Market: The global industry was valued at US$ 31.8 Bn in 2023. It is expected to grow at a CAGR of 4.7% from 2024 to 2034 and reach US$ 52.4 Bn by the end of 2034. Analyst Viewpoint: Expansion in home furnishings sector is fueling the polyester staple fiber market value. Polyester staple fiber finds applications in bedding, curtains, carpets, dresses, pants, shirts, and activewear due to its durability, ease of care, and resistance against wrinkles. Increase in production of textiles is augmenting the polyester staple fiber market demand. Polyester fiber is the most widely used chemical fiber in the textile sector. Players operating in the polyester staple fiber industry landscape are investing in recycling to help reduce plastic pollution. They are also launching advanced production processes that offer savings in energy, water, and raw material consumption. Indian Polyester Fibre Industry: Market Overview: India Polyester Staple Fibre Market has reached USD1.54 billion by 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.25% through 2029. Polyester Staple Fibre (PSF) is extensively used in spinning and other textile applications due to its durability, cost- effectiveness, and versatility. In the Indian PSF market, there are two main categories: solid and hollow products. Solid PSF is widely popular in traditional textile manufacturing, known for its strength and resilience. On the other hand, hollow PSF is gaining traction for its unique properties such as lightweightness and excellent insulation. However, the widespread use of synthetic fibers like polyester has raised environmental concerns. These fibers are non-biodegradable, posing a significant threat to our ecosystems. To address this issue, the industry must focus on innovation and invest in recycling technologies to ensure the sustainability of PSF production. By adopting these recycling methods, we can minimize the environmental impact and promote a circular economy. Looking ahead, the future of the Indian PSF market appears promising. The market is expected to witness substantial growth due to rising consumer demand and advancements in manufacturing technologies. Additionally, the growing emphasis on sustainable fashion and the development of recycled PSF present exciting new avenues for growth and expansion. As the industry continues to evolve, it is crucial to prioritize sustainability and explore eco-friendly alternatives to meet the demands of both consumers and the environment.

Our company is into the business of manufacturing of Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The recycled fibre and pellets are produced from post-consumer PET bottles also known as Polyethylene Terephthalate bottles. Our company started its operations in the financial year 2018-19, by manufacturing Recycled Polyester Staple Fibre (R-PSF) at their manufacturing facility based in Baddi, Himachal Pradesh.

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