Hyderabad: Black Gold Recycling, a Hyderabad-based circular economy startup, has acquired a majority stake in Reteck Envirotech Pvt. Ltd., the Indian arm of Hong Kong and US–based Li Tong Group, a global leader in reverse supply chain and electronics lifecycle solutions. The strategic acquisition marks a significant expansion of Black Gold’s sustainable recovery capabilities across lithium-ion batteries, plastics, solar panels, and end-of-life electronics.
The move aligns with Black Gold’s mission to build a scalable, technology-driven circular economy platform in India. By integrating Reteck’s operational depth with Black Gold’s innovation-led recovery models, the partnership aims to accelerate responsible recycling and material recovery across critical waste streams.
As part of the acquisition, Pankaj Tirmanwar, CEO of Reteck Envirotech Pvt. Ltd., will join Black Gold as Co-founder and Board Member. His leadership is expected to play a pivotal role in expanding Black Gold’s nationwide footprint and operational excellence.
Prabhu Ram, Founder & CEO of Black Gold Recycling, emphasized the strategic importance of the acquisition:
“Our mission is to make sustainability scalable — by design, not by chance. This acquisition brings together Reteck’s global operational expertise and our technology-led recovery platform to create a stronger, more responsible ecosystem for e-waste management in India.”
He added that Black Gold’s business model is closely aligned with the Government of India’s Critical Mineral Mission Plan:
“We focus on recovering strategic materials from e-waste, batteries, and solar panels — ensuring that what leaves our hands re-enters the economy responsibly. We’re investing in advanced processes to turn India’s waste streams into sources of value, innovation, and circular growth.”
Linda Li, Chief Strategy Officer at Li Tong Group, welcomed the transition:
“Reteck India has been an integral part of Li Tong Group’s global network. We’re pleased to transition our Indian business to Black Gold Recycling, whose local expertise, leadership, and sustainability focus align perfectly with our global vision. We look forward to continued collaboration as Black Gold scales Reteck India to new levels of innovation and compliance.”
The acquisition signals a new phase of growth for India’s reverse supply chain sector, with Black Gold poised to lead the charge in sustainable resource recovery and circular innovation.
