AIF Capital is pleased to congratulate CMR on its successful IPO on the Bombay Stock Exchange “BSE” (Ticker BSE: 544777) and the National Stock Exchange “NSE” (Ticker NSE: CMRGREEN). CMR is India’s largest recycler of aluminium serving the auto industry (both ICE and EV) and OEM players.

CMR commenced operations in 2006 and is headquartered near Faridabad, Haryana, India. CMR has an estimated 42-45% market share in India and is one of the largest aluminium recyclers globally. It is focused on supplying aluminium and other non-ferrous metals to the Indian automotive and construction market.

CMR is a pioneer in the industry, having developed multiple technologies over the years and has numerous JVs with leading global players and leaders in other metal adjacencies. The company is also a ESG leader with its focus on sustainability and employee engagement and was accredited as “A Great Place to Work©”, ranking as one of the highest privately rated companies in India.

Since AIF’s investment, CMR has grown from 4 to 13 facilities and now has a recycling capacity of over 600,000 metric tons of scrap metal every year, a sevenfold increase

We are pleased to have been long term partners with the company and management and continue to hold a stake in the business post listing.

Website: https://cmr.co.in/