Resgen was originally incorporated on September 29, 2018 as a Private Limited Company as “Ecojanitors Private Limited” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Later in the year 2022, pursuant to a Special Resolution of its Shareholders passed in the Extra-Ordinary General Meeting held on June 11, 2022, the company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the company was changed to ‘Ecojanitors Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on July 01, 2022 by the Registrar of Companies, Mumbai. Subsequently, the name of the company was changed from “Ecojanitors Limited” to “ResGen Limited” under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on September 01, 2022 and vide certificate of incorporation pursuant to change of name dated September 27, 2022 issued by the Registrar of Companies, Mumbai.

The company was established in 2018 and is headquartered in Mumbai. The company was envisioned to make environment saving projects commercially viable and highly scalable. Humanity has a massive problem, the usage of plastic, and the unavailability of a robust disposal and recycling ecosystem. The amount of plastics it uses cause various environmental hazards. Plastic reduction efforts cannot surpass the growing demand. Building sustainable steps towards a healthier environment needs its immediate attention. It was founded on the idea of using plastic waste and converting it into a substitute for fuel. The company has come up with an ingenious, eco-friendly solution, which uses each by-product to increase efficiency. The company has taken a huge step towards seeing a pollution free India, and it can leave a better pollution free future for future generations.

Business area of the company

The company is engaged in the process of Manufacturing Pyrolysis Oil (Substitute for Furnace Oil) from all kinds of plastics (waste/scrap) during the manufacturing of the Pyrolysis Oil, some of its by products are generated such as Carbon (Substitute for Coal) and Gas (Substitute for LPG). The company has set up a Chemical Recycling Plant in Vikramgad (Palghar), Maharashtra considering its proximity to the Municipal Corporations of Mumbai, Thane, Kalyan & Dombivali. The company has come up with an ingenious method, which is not only eco-friendly but also gives by-products which are very essential to one and all. The major by-product being combustible liquid and gaseous fuel, it can replace the diesel or furnace oils, which will directly reduce the need and impact of its combustible fuel resources. It uses a patented catalytic process to improve the efficiency, safety and scalability of the pyrolysis process.

Product of the company

Pyrolysis Oil

• Carbon
  
• Gas

History and Milestones

• 2018: Incorporation of the company
  
• 2021: Factory was setup in August 2021
  
• 2021: Commercial production started on September 2021
  
• 2022: The company achieved a Turnover of Rs 4 crore in its first financial year since it started its commercial production on September 2021.
  
• 2022: The company was converted into the public company on July 01, 2022
  
• 2022: The name of the company was changed from EcoJanitors Limited to ResGen Limited.
  
• 2022: Patent acquired in India for the Catalyst Formulation for Plastic Pyrolysis
  
• 2022: The company touched the revenue of Rs 10 crore in September 2022 for the FY23.