Runaya Green Tech Secures CRISIL ‘A/Stable/A1’ Rating on Strong Revenue Growth and Financial Strength

Runaya Green Tech Private Limited receives ‘CRISIL A/Stable’ and ‘A1’ ratings, supported by nearly fourfold revenue growth to ₹270 crore in FY25, strong cash flows, and expanding production of critical minerals for India’s EV and energy storage ecosystem.

NEW DELHI: Runaya Green Tech Private Limited, a sustainability-driven company of the Runaya Group, has received a ‘CRISIL A/Stable’ long-term rating and ‘CRISIL A1’ short-term rating from CRISIL Ratings, reflecting its rapid scale-up, strong revenue visibility, and healthy financial profile.

According to CRISIL, Runaya recorded a sharp increase in scale, with revenues rising nearly four times to about ₹270 crore in FY25. The rating agency expects revenue to double further in FY26, supported by commissioning of new facilities and higher production of critical minerals such as cadmium, cobalt, nickel, copper, and antimony.

Runaya operates a technology-led “waste-to-wealth” model, focused on circular economy solutions and recovery of critical and minor metals through proprietary processes and global technology partnerships. Its manufacturing operations are powered entirely by renewable energy, underscoring the company’s commitment to responsible and sustainable production.

CRISIL highlighted that Runaya benefits from long-term supply and offtake agreements with anchor customers, providing strong revenue visibility. The company’s financial risk profile remains healthy, supported by low leverage, robust cash accruals, and interest coverage exceeding five times in FY25.

The critical minerals produced by Runaya are increasingly vital to India’s electric vehicle, battery, and advanced manufacturing ecosystems. By strengthening domestic availability of these materials, the company is helping reduce import dependence and supporting India’s clean energy and energy storage ambitions.

Commenting on the development, Neha Bhandari, Group Chief Financial Officer, said the rating reflects Runaya’s disciplined execution, strong operating performance, and focus on sustainable growth. She added that the company remains committed to expanding capacity and partnerships across electric mobility, batteries, and advanced manufacturing.

Runaya’s facilities in Rajasthan are expected to significantly enhance processing capabilities as the company continues to scale operations. Backed by strong capital discipline and sustainability goals, Runaya is well positioned for long-term growth aligned with India’s energy transition and manufacturing priorities