Business Description:Electronics industry is the world's largest and fastest growing manufacturing industry.
Rapid growth, combined with rapid product obsolescence have now made discarded electronics the fastest growing waste stream in the industrialized world.
Most of the obsolete electronic stuff is either incinerated openly by the unorganized players (scrap yards) or in foundries by the organized players to extract precious metals.
As a result the hazardous waste present in the electronic goods is left untreated and causes permanent damage to the environment and the surrounding population. The present focus is only on commodity recovery and not on treating the inherently present hazardous material and rendering them harmless.
Revive Enterprises wishes to foray into electronic waste management with a motive to render the hazardous substances harmless.It aims to achieve a Zero % landfill when compared to the present industry standard, SIXTY % and be a dominant player in the commodity recovery segment.
The processes designed by the company are diametrically opposite to what most of the industry is doing presently.
Our processes are much cleaner; eradicate demand for a downstream application to treat residues and results in outputs that find higher prices in commodity markets worldwide.
Over a period of years it promises to progress into a reliable, affordable, world class, end-to-end electronic waste management service provider to various Corporates, Institutions and Equipment manufacturers.
Industry:Cleantech
Founded in:2008
Source of idea:Discovered by chance
Significant Competitors:E Parisara - Bangalore, Ash Recyclers - Bangalore , Tessam - Chennai
Company Details :
Company Name:Revive Enterprises
HeadQuarters:Bangalore
Stage of the company:Just starting
No of Employees (2006):0-5
No of Employees (2007):0-1
Office Locations(2006):
Office Locations(2007):
No of companies promoted:No
Profits (2006):
Profits (2007):
>Partnerships:The enterprise intends to invest in R & D activities in the field of Hazardous waste management and Commodity recovery from obsolete electronics.
The company is in the process of establishing an MOU with IIT Chennai and IIT Bombay for R & D activities related to the company's production and processes.
It is in talks with various Institutions and Local governments in India,The United States and Australia to source their electronic waste.
Simultaneously the company is also in the process of setting up collection centers domestically to establish credibility and create awareness amongst consumers and manufacturers about the dangers of the present treatment of electronic waste.
Initial Funding:Personal savings
Addl Funding:Personal savings
Institutitional Capital:No
Revneue Model:Extraction of Commodities from Obsolete Electronic goods
Awards & honors:
Promoters Details :
Promoters Name(s):Siddarth Shivkumar
Age:28
HomeTown:Hyderabad
Education:Bachelors
No of companies promoted:No
Family Background:Business
Job:Analyst at Deloitte
Ex-Job Description:ITS Infrastructure
Favorite Book/Movie:Alchemist by Paulo Coelho
