Runaya is soon to become a unicorn. The metal recycling startup is targeting to reach $1 billion in revenue by 2030. This can be achieved by increasing recycling capacity to 5 million tonnes per annum.
Runaya CEO and co-founder Annanya Agarwal said they are expecting revenues of Rs 1,000-1,200 crore for the financial year 2025 with the increased recycling capacity to 100,000 tonnes. The company recorded revenue of Rs 500 crore in the previous financial year with a recycling capacity of 50,000 tonnes.
The startup aims to double the revenue to between Rs 2,000-2,200 crore before the financial year 2026 with the expansion of its recycling capacity to 200,000 tonnes. Agarwal expressed confidence in the growth journey. He said that they are on track to achieve the targets for the current financial year.
The company is planning to inject about Rs 7000 crore more to achieve the goal of 5 million tonnes per annum. It is learned that the funding will come from mixed sources including internal resources, debt and partnerships. The company may also launch its IPO in the near future.
Lately, Runaya inaugurated its calcium aluminate plant in Jharsuguda, Odisha. This is a significant milestone. It will produce high-quality products for the steel industry with a capacity of 12,000 metric tonnes per annum.
Runaya basically focus on such projects that contribute to a circular economy. It turns waste into valuable resources. Its portfolio includes various products and solutions catering to different sectors such as ground support products, sustainability solutions for the aluminium industry and minor metals recovery.
The company mainly aims to lead the path in environmentally friendly solutions within the metals industry. It has a commitment to innovation and sustainability.
