Attero Success Story: Rs 300 crore company made from garbage
Attero Success Story: Rs 300 crore company made from garbage
Attero Success Story: In the world of startups, new startups keep emerging with their success stories. Today we have brought the story of a startup, which with its innovative ideas has taken the value of its company to Rs 300 crore.
With the help of this startup, there is also a positive impact on the environment, due to which many people are not tired of appreciating it. We are talking about the Attero startup, which is based in Noida and whose main work is to recycle electronic waste or extract precious metals from it.
This includes laptops, phones and tablets that are temporarily damaged by electronic waste. Let us know how this startup started and became a Rs 300 crore startup today.
Startup Starting: Attero Success Story
Attero startup was started in the year 2008 by Nitin Gupta and Rohan Gupta of India. Nitin Gupta is an MBA graduate from London Business School, and Rohan Gupta is an engineering graduate. Both of them decided to start this startup when India's contribution to e-waste was increasing all over the world.
Also, at that time the amount of e-waste was increasing in India because the demand for laptops and mobiles was also increasing. Keeping this in mind, both of them started Attero so that good profits could be earned from e-waste and the environment could also be benefited.
Today, Attero extracts many types of metals - gold, silver, aluminium and copper - from the waste of laptops, mobile phones, televisions, tablets and refrigerators.
Read in Hindi: Attero Success Story: कूड़े से बना डाली 300 करोड़ रुपए की कंपनी,पढ़े पूरी कहानी
Attero Success Story: Overview (Wiki)
| Aspect | Details |
|---|---|
| Company Name | Attero |
| Founders | Nitin Gupta and Rohan Gupta |
| Founded | 2008 |
| Headquarters | Noida, India |
| Industry | Electronic Waste Recycling |
| Key Products | Recycled materials: Gold, Silver, Aluminum, Copper, etc. |
| Notable Achievement | Recycling Li-ion batteries successfully |
| Patents Filed | 38 |
| Financials | FY22: Revenue - ₹214 crore, Profit - ₹40 crore |
| Revenue Projection | Estimated ₹300 crore in FY23; Potential ₹8,000 crore in upcoming years |
| International Reach | Expanding globally for future growth |
Li-ion batteries can also be recycled
Over time, the two founders also began doing more research on how lithium-ion batteries could be recycled after seeing opportunities in the e-waste industry. As a result, after some time when his research was successful, in the year 2019 he also started recycling lithium-ion batteries.
Lithium-ion batteries contain a large amount of waste in e-waste, and with this recycling process by Attero, there is now a profit to be made from it.
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Attero have 38 patents
Let us also tell you that Atero has also got patents on 38 of its technology-based ideas to face the upcoming challenges so that no one can steal their technology.
Earned up to 300 crores
According to the report, Atero is currently a profitable business having made a profit of Rs 40 crore in the last FY22 and a revenue of around Rs 214 crore.
If we talk about this FY 23 then as per the reports of the company, they have made a revenue of around Rs 300 crore so far and this amount is increasing further.
Attero Products
For your information, let us also tell you that Atero also sells its high-quality products in domestic and international markets, which include 99% pure cobalt chips and pharmaceutical-grade lithium carbonate products.
Their customers are very happy with these products and all their reviews are very positive.
The company's revenue will be Rs 8000 crore
At present, Atero is working in very limited places. Still, in the coming time, this company is going to expand its work internationally on a big level, due to which it is estimated that the company will increase its revenue to about Rs. 8,000 crores within the next 3 years. It can take close to crores.
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