Black Gold Recycling acquired a majority stake in Reteck Envirotech Pvt Ltd, the Indian subsidiary of Hong Kong and US–based Li Tong Group. The acquisition strengthens Black Gold’s role in India’s circular economy, particularly in sustainable reverse supply chain management for batteries, plastics, solar panels, and electronic waste.
Strengthening Circular Economy Capabilities
The strategic move aligns with Black Gold’s vision to develop a scalable, technology-driven circular economy platform in India. By combining Reteck’s deep operational expertise with Black Gold’s innovation-led recovery models, the partnership aims to advance high-efficiency recycling, reuse, and material recovery solutions across multiple waste streams.
Enhancing Recovery and Recycling Infrastructure
The collaboration will accelerate the collection, processing, and responsible recycling of lithium-ion batteries, solar modules, plastics, and end-of-life electronics nationwide. The acquisition gives Black Gold immediate access to specialized recycling infrastructure, including IT asset disposition facilities, component recovery systems, and electronic waste processing capabilities. This expanded capacity will support original equipment manufacturers (OEMs), enterprises, and retailers in managing take-back and product recovery programs with improved traceability, regulatory compliance, and environmental accountability.
Leadership Integration to Drive Growth
Following the transaction, Pankaj Tirmanwar, CEO of Reteck Envirotech, will join Black Gold as Co-founder and Board Member. His leadership will play a key role in scaling the company’s operations and strengthening its nationwide presence.
Complementary Global Expertise
Reteck’s parent company, Li Tong Group, operates more than twenty recycling facilities worldwide. The company is recognized for its solutions in electronics lifecycle management and asset recovery, as reported by msn.com. Its global experience in closed-loop recycling models complements Black Gold’s sustainability objectives. It also reinforces the company’s ability to deliver high-impact environmental solutions in India.
