Exim Routes (NSE SME)

IPO Details 

Key Performance Indicators (KPI)

Company Financial (In ₹Crore)

COMPARISON WITH INDUSTRY PEERS

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About Company

Incorporated in April 2019, Exim Routes Limited is a global platform that enables the exchange of recyclable paper materials, providing end-to-end support to Indian paper mills—from sourcing wastepaper to quality assurance and logistics management.

Operating under a group structure with Exim Routes Limited (India) as the parent company, the organization manages its international activities through subsidiaries located in the USA, UK, Germany, South Africa, and Singapore.

Exim Routes functions as a global recyclable exchange enterprise specializing in the cross-border trade of recyclable materials, particularly wastepaper and metal scrap. The company leverages its proprietary AI-powered B2B platform, ERIS, to connect global buyers and sellers, simplify procurement, and streamline supply-chain operations.

Its business model focuses on sourcing recyclable materials from global markets and supplying them to Indian mills, while managing associated logistics, documentation, and trade execution across geographies. Backed by a robust international network and a technology-driven approach, Exim Routes aims to create a more efficient, reliable, and transparent ecosystem for the global recyclables trade.

Strength

Strong Domain Expertise: Founded by IIT Roorkee paper engineer Mr. Manish Goyal, the company benefits from 16 years of deep technical experience in the paper industry. A majority of the leadership team also consists of paper and polymer engineers from IIT Roorkee, strengthening its technical foundation.

Experienced and Diverse Leadership: The leadership and advisory team brings extensive experience across technical, commercial, operations, strategic, and commodity functions. Team members have previously worked with leading global organizations such as EY, Amazon, P&G, Zilingo, McKinsey, AT Kearney, and BCG.

Proprietary AI-Driven Digital Platform: The company has developed its own AI-powered B2B platform, ERIS, which optimizes global supply chain operations through intelligent inventory matching, price discovery, integrated market intelligence, seamless communication, and efficient logistics execution with freight partners.

Weakness

Technology Obsolescence Risk: The company’s operations depend heavily on its ERIS platform. Any delay in upgrading or adapting to new technologies may render the system outdated, reducing its efficiency, user engagement, and revenue potential while requiring significant reinvestment.

High Dependence on Recyclable Paper Segment: A major portion of revenue comes from trading recyclable paper for Indian mills. Failure to attract new clients or retain existing ones in this key segment could adversely impact overall business performance and growth.

Cyclical Demand Impacting Profitability: The recyclable paper market is cyclical and influenced by global economic conditions. Fluctuations in supply-demand dynamics can lead to price volatility, affecting revenue stability and profit margins during low-demand periods.