Race Eco Chain Ltd

Race Eco Chain Ltd (537785)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return29.9 %
3 Month Return29.51 %
1 Year Return-1.68 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 405
Rank 421
Rank 470
Dividend Yield
Rank 113
Rank 271
Price To Book Ratio
Rank 314
Debt To Asset
Rank 451

Company Information

Race Eco Chain Ltd Formerly known as Anisha Impex Limited was incorporated in November 22 1999. RACE ECO as the abbreviation suggests Recycling and Circular Economy is an environmentally conscious initiative with a mission to reduce the Carbon footprint caused by waste plastics. The Company is involved in aggregation of packaging plastic waste and channelizing it for recycling into consumer friendly products. The Company is establishing its network by converting existing unorganized Eco chain to organized one. The complete vertical setup is responsible from the collection and audit of the waste to the end product to enable traceability. As an innovative initiative the Company has built an Artificial Intelligence enabled App to convert the recyclers with the sellers for better transparency and ease of doing business in the industry.The Company focused on the transformational power of technology to address the decadesold problem of plastic waste. It is building an AIdriven APPbased tech platform asset light endtoend ESG technology solution which will help grow the unorganized waste management sector to an organized sector. These asset light models consists of warehouses in each district of the country to support recyclers that will be operated by the franchisees themselves. With the selfsegregation model the Company offer valueadding opportunities for waste entrepreneurs either in upcycling products directly from consumers or recycling waste for higher industrial consumption. By doing so the consumers can attract more commercial funding and partners throughout the waste value chain from waste collection and transportation to waste processing. Within a short span with the help of existing dealers and recyclers base the Company has been able to mark across 20 states within India. Currently the Company is working closely with 17 Recyclers Pan India with collection network of 57 franchisee associates across the map. The Company intends to create districtwise pan India collection points. It is channelizing plastic waste to create downstream recycled products for consumer connect through the brand RESTORE. This niche line of products is made from recycled plastic of the highest quality promoting sustainability and providing e2e traceability. Through its RESTORE division the Company is selling recycled products under the same brand. The Company is creating designing and delivering exhaustive and customized learning programs to enhance employee capabilities and have a future ready workforce. Diversity and inclusion is a key business priority for the Company. It focused on inducting women across levels with a focus on managerial lateral hiring. The Company aims to have a board comprising 50 of women by December 2021. There is also ongoing work on gender sensitivity in the organization and to build an inclusive ecosystem to build women talent pool both for managerial and nonmanagerial cadres. Currently women are holding various leadership positions where the Company continue to encourage trend and believe that equal opportunity starts with equitable access to career development opportunities and support. The Company is committed to equitable compensation and compensation levels are meritbased and determined by qualification experience levels special skills and individual performance. With consistent efforts the Company wish to build as a preferred organization for all. Apart from this the online AI and Big Dataenabled App seek to bring about scalability and transparency in the supply and demand chain.
OrganisationRace Eco Chain Ltd