Ardee Industries was originally incorporated as ‘Ardee Industries Private Limited’ on September 16, 1993. Thereafter, it was converted into a public limited company pursuant to a board resolution dated March 29, 2025, and a special resolution passed by its Shareholders in an extra ordinary general meeting held on April 1, 2025, and consequently, the name of the company was changed to ‘Ardee Industries Limited’. A fresh certificate of incorporation dated May 6, 2025, consequent upon conversion to a public limited company was issued by the Registrar of Companies, Central Registration Centre.

The company is one of India’s leading players in circular economy, specializing in the environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap, while reclaiming critical resources from waste streams. Its product portfolio comprises pure lead and lead alloys such as lead calcium alloys, lead antimony alloys, lead tin alloys, lead silver alloys and lead cadmium alloys which find applications in critical industries including energy storage, e-mobility, automotive, chemical, among others. Its products are customisable to the requirements of its customers, with respect to the level of purity and/or composition with other metal and non-metal elements with purity levels ranging from 99.97% to 99.985% that conform to international standards. By closing the loop across collection, recycling, and production, it not only reduces India’s dependence on imported critical metals but also strengthen domestic resource security while lowering the environmental footprint of industrial growth. 

Order procurement begins with customer outreach through market research, enquiries and industry events, followed by a detailed vendor onboarding process involving technical evaluation, quality and capability audits. Orders are placed only after successful vendor approval and ongoing compliance with customer specifications and industry standards, supported by periodic audits of its manufacturing facility. As per its revenue model, revenue from its sales is booked upon change of control of products to its customers, as per the terms of its contracts or purchase orders. Further, it has its brand ‘Ardee’ listed on the MCX platform which provides customers and commodity traders a platform to purchase and trade in its product, pure lead. Listing on MCX establishes the company’s credibility and competitiveness, facilitates establishing transparent benchmark price for its products, pure lead, enables hedging against price risks and improved market visibility. Further, its brand ‘Ardee Lead 9997’ is also listed on the London Metal Exchange (LME) which further establishes the company’s credibility and competitiveness in the international markets, provide global price benchmarking of its products.

Business area of the company

The company is engaged in the business of undertaking recovery and recycling of end-of-life energy storage products and non-ferrous scrap into quality materials which are used in critical industries such as, energy storage, e-mobility, automotive, chemical, among others.

Products of the company

• Pure Lead
• Lead Alloys
• Scrap Sale
• Others

Award and recognitions

• 2022: Received a certificate of recognition as ‘One Star Export House’ issued by the Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India in accordance with the provisions of Foreign Trade Policy.
• 2024: Received a certificate of Appreciation in the category of ‘Authorised Economic Operator’ by the Central Board of Indirect taxes and Customs, Ministry of Finance.
• 2026: Certified as a ‘great workplace’ in the category of mid-size organisations by Great Place To Work, India.
• 2026: Received a certificate of recognition as ‘Three Star Export House’ issued by the Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India in accordance with the provisions of Foreign Trade Policy.

History and milestones

• 2021: Acquisition of the company by present Promoters and promoter group from erstwhile promoters by way of transfer of 100% the then issued and paid-up share capital of the company.
• 2021: Taken over manufacturing operations of pure lead and lead alloys.
• 2021: Receipt of ISO 9001:2015 (Quality Management System) and ISO 14001:2015 (Environmental Management System) for manufacture and supply of lead and lead alloy ingots.
• 2021: Commenced export of products.
• 2023: Listing of its brand ‘Ardee’ on the MCX platform
• 2024: Receipt of ISO 45001:2018 (Occupational Health and Safety Management System) for manufacture and supply of lead and lead alloy ingots.
• 2025: Achieved turnover of Rs 5,000 million
• 2025: Increase in the installed capacity of its Manufacturing Facility from 54,750 MTPA to 1,04,025 MTPA.
• 2025: Listing of its brand ‘ARDEE LEAD 9997’ on the LME platform.
• 2026: Listing of its brand ‘ARDEE LEAD 9997’ on the LME platform.
• 2026: Received an accreditation of its in-house testing laboratory in accordance with ISO/IEC 17025:2017 - ‘General Requirements for the Competence of Testing and Calibration Laboratories’ in the field of testing by the National Accreditation Board for Testing and Calibration Laboratories.
• 2026: Increase in the installed capacity of its manufacturing facility from 104,025 MTPA to 156,950 MTPA.