CMR Green Technologies Limited, headquartered in New Delhi, was established in 2005 as Grand Metal Industries Private Limited. Following multiple name changes, it adopted its current name in August 2021 after a Scheme of Arrangement approved by the National Company Law Tribunal. The firm specializes in aluminum recycling and alloy manufacturing, catering primarily to the automotive sector in India and abroad. Its portfolio also includes zinc alloy production and recycling of other metals such as stainless steel, copper, and brass, along with dismantling and processing end-of-life vehicles (ELVs).
The company operates 12 manufacturing facilities, 10 of which are dedicated to aluminum recycling. Its liquid aluminum supply commenced in 2008, gaining traction through collaborations with Nikkei and Toyota Tsusho. CMR expanded its operations to South India in 2017 and set up additional facilities, including a recycling plant in Balasar, Gujarat, in 2020 for dismantling electric motors. This diverse infrastructure enables CMR to engage with both the domestic recycling industry and international automotive manufacturers.
In 2021, the company underwent a significant organizational restructuring under a Scheme of Arrangement, merging with various entities including Grand Metal Recycling Private Limited and Century Metal Recycling Limited, among others. This amalgamation has streamlined its operations and enhanced its recycling and manufacturing capabilities.
CMR Green Technologies is looking to strengthen its capital base through an initial public offering (IPO), aiming to raise Rs. 300 crore through a fresh issue of equity shares and an additional offering of 33.4 million equity shares via sale. The proceeds will support its growth objectives in the recycling and metal processing industries, further solidifying its leadership position in the market.