Finance Graduate Enters Waste Recycling, Clocks Turnover Of Rs 15 Crore

Blame it on growing population or poor sense of hygiene, our nation is giving birth to mountains of garbage everyday. They can be seen not only in outskirts but also in interior of the cities. Around 80 percent of the garbage is an amalgamation of carbonic by-products and dirt that is polluting the ecosystem and spreading epidemic diseases. Today, it has become our duty, more than ever, to take care of the cleanliness in our vicinity.

Keeping this in mind Anurag Tiwari, a finance graduate, came forward and founded a company named Rekart. In association with Municipal Corporation, Rekart is recycling garbage collected from doorsteps of people.

Anurag is a native of Kurukshetra, Haryana, and after completing his education he worked in Bharti Airtel for two years. But his heart was always set on doing something extraordinary so he approached his friend Rishabh Bhatia and started an advertising enterprise whose annual turnover reached Rs 5-10 crore. But a few crores were not going to quench his thirst. He wanted to do something that did a turnover of Rs 100 crores annually.

One day, Anurag was travelling from Faridabad to Gurgaon by road and saw a hill of garbage on the roadside. He realised most of this garbage was recyclable. An idea clicked in his mind and he set out not only to clean the city but also recycle all the waste material.

To transform his idea in reality, he discussed it with his two friends Rishabh and Venkatesh. Both of them were more than ecstatic to collaborate with him on the idea. So they closed the advertising company and started a firm Rekart which collected waste materials from 25 lakh homes of Delhi and 50 apartments from Gurgaon.

Today, they have turnover of over Rs 15 crore annually and are working hard to increase this. There are more than 11 employees working on their payroll. While speaking with KenFolios, Anurag said, “Waste materials are of two types, dry or wet. We send the dry waste for recycling and wet material for making electricity and urea.”

Anurag has brought tremendous changes in the life of garbage collectors and junk dealers associated with him. Garbage collectors who earned Rs 100 to 200 earlier are making Rs 500 to 700 now. There has been considerable change in the life of more than 100 junk dealers, too.

Anurag primarily focuses on dry waste collection, transportation, and recycling. It includes plastic, cardboard, metal and bio-metric wastes that are separately sold to various recycling plants. The customers have to give merely a missed call and the garbage is collected from their doorstep.

Talking about his future goals, Anurag shares that till next year, he will be working with 50 more municipalities and is also planning an IPO in coming three years. As there is no large-scale company for waste management in India, Anurag will soon collaborate with the international companies in the time to come.

For his considerable feats till now, Government of India is sending him to Germany to attend a seminar on Indo-German training program, for one month. Anurag considers this as a great opportunity and takes pride in being a citizen of the nation.

Have a similar idea? Share with us or comment below.