Company & Business Overview
Horizon Reclaim (India) Limited, incorporated in 2006, specializes in manufacturing reclaimed rubber from recycled materials including old tires, tubes, tread peelings, and industrial scrap (including EPDM synthetic rubber). The company produces three main categories: Natural Rubber Reclaim, Synthetic Rubber Reclaim (EPDM and Butyl), and Crumb Rubber. Raw materials are sourced domestically from tire dismantlers and scrap dealers across India, plus imports.
Capacity Expansion
The company is undergoing significant capacity expansion from existing 14,100 MTPA to 86,800 MTPA upon full commissioning of new facilities. The ongoing expansion involves ₹9.43 crore capital expenditure. The company operates 1 operational manufacturing facility (Unit I) and 2 expansion units (Unit II & Unit III).
Leadership Team
Mr. Mohit Bajaj - Managing Director, Chief Financial Officer & Promoter with 19+ years of experience. Holds a Master's degree in Administration from the University of Pune and leads the Company's strategy, operations, and finance. Also a Promoter and Director of Horizon Recycling Private Limited and Horizon Infracon Private Limited.
Ms. Malika Bajaj - Chairman, Whole-time Director & Promoter with 19+ years of experience. Holds a Post Graduate Diploma in Management from Lal Bahadur Shastri Institute of Management, Delhi. Associated with the Company since incorporation, overseeing manufacturing, finance, and operations for new expansions.
Board of Directors
Mr. Aman Pal - Non-Executive Director, holds a Bachelor of Commerce degree from Chaudhary Charan Singh University, Meerut, associated with the Company since 2007.
Mr. Lalit Kumar Parmar - Independent Director, B.Com (University of Delhi) and MBA (Sikkim Manipal University); appointed on August 18, 2025. Also a Director at Kazei Solutions Private Limited, Stambh Management and Growth Private Limited, and International Meditour Private Limited.
Ms. Harpreet Kaur - Independent Director, Diploma in Secretarial Practices with over 28 years of experience in finance; appointed on August 18, 2025; currently CFO at JMD Limited and Director at Genact Global Private Limited.
Major Events & Milestones
2006: Incorporated as Horizon Reclaim (India) Private Limited on August 21, 2006.
2023: Obtained CPCB registration as a recycler of waste tires under the Hazardous and Other Wastes (Management and Transboundary Movement) Amendment Rules, 2022.
2024: Registered with CPCB as a Producer–Importer of Waste Tires under the Extended Producer Responsibility (EPR) framework.
2025: Converted into a Public Limited Company. Initiated installation of plant & machinery at the Bhagwanpur, Haridwar manufacturing facility (Unit III). Acquired land & commenced construction, including installation of a pyrolysis reactor, for the pyrolysis oil manufacturing facility at Gundala, Rajkot, Gujarat (Unit II).
2026: Successfully listed on the BSE SME Platform on June 19, 2026. Successfully commissioned the Rajkot Manufacturing Facility (Unit II) in July 2026, with first commercial sale recorded on July 20, 2026.
Manufacturing Facilities
Unit I – Operational Manufacturing Facility: Plot Nos. 59–62, Shiv Ganga Lakeshri, Roorkee - 247667, Haridwar, Uttarakhand
Unit II – Rajkot Manufacturing Facility: Successfully commissioned in July 2026, state-of-the-art pyrolysis facility
Unit III – Bhagwanpur, Haridwar: Equipped with civil infrastructure, yet to commence operations, expected to support higher reclaimed rubber capacity
Product Portfolio
Natural Reclaim Rubber: Includes WTR Reclaimed Rubber (from whole scrap tires), HR Reclaimed Rubber (high-resilience), 202 Reclaimed Rubber (high-performance), Super Fine Reclaimed Rubber (premium), and Fine Reclaimed Rubber (devulcanized and refined). Applications include tire treads & retreading, molded products, conveyor belts, automotive components, footwear soles.
Synthetic Reclaim Rubber: EPDM Reclaimed Rubber (weather resistance and thermal stability) and Butyl Reclaimed Rubber (air retention and chemical resistance). Applications include automotive seals & gaskets, roofing membranes, tire inner tubes, pharmaceutical stoppers.
Crumb Rubber: Used in road construction, sports surfaces, tires, construction materials, footwear soles, molded rubber products.
Pyrolysis Oil & By-Product Recovery: Pyrolysis Oil (alternative industrial fuel), Recovered Carbon Char (sustainable raw material), and Steel Scrap (recycled high-quality steel).
Financial Performance
Profit & Loss Statement (₹ in Crores):
- FY26: Revenue 49.42, PAT 10.50
- FY25: Revenue 36.22, PAT 7.07
- FY24: Revenue 20.33, PAT 0.71
Balance Sheet (₹ in Crores):
- FY26: Total Assets 64.88, Fixed Assets 42.01, Net Worth 24.83
- FY25: Total Assets 26.08, Fixed Assets 7.76, Net Worth 14.33
- FY24: Total Assets 8.45, Fixed Assets 4.02, Net Worth 7.26
Geographical Revenue Mix
The company has pan-India presence with revenue from multiple states. Major contributors in FY26:
- Haryana: 17.19% (₹8.49 crores)
- Delhi: 14.57% (₹7.20 crores)
- Uttar Pradesh: 12.69% (₹6.27 crores)
- West Bengal: 12.01% (₹5.93 crores)
- Maharashtra: 10.52% (₹5.20 crores)
- Uttarakhand: 9.42% (₹4.65 crores)
Stock Data
BSE CODE: HORIZON - INE1SEO01013
Share Price: ₹139.40
Market Capitalization: ₹280.05 crores
No. of Shares: 1,95,15,400
Face Value: ₹10.00
52 week High-Low: ₹164.60 – ₹131.60