Delhi, India
Steamax Envirocare is a manufacturer of clean biomass combustion technologies and solid biomass fuel, Astillas. With Pan-India operations, the company offers an end-to-end solution to help industries reduce their carbon emissions and manufacturing costs by transitioning from fossil fuels to clean biomass fuels. Their innovative, customised, low-cost biomass combustion technologies have a maximum payback period of 6 to 8 months. Additionally, Steamax manages the biomass supply chain and offers allied services such as operation and annual maintenance contracts.
The company, established in 2009 as a sole proprietorship entity named Steamax Fuel Supplier, later evolved into a registered private limited company as it grew. Their clientele includes well-known entities like PepsiCo, HUL, Ultratech Cements, Britannia, and Coca-Cola, along with numerous small and medium-scale food processors in the namkeen, poha, murmura, and dal manufacturing sectors.
Operating within the ESG, Sustainability, Clean Energy, and Oil and Gas industries, Steamax Envirocare has built a reputation for providing sustainable solutions. While there is no publicly disclosed information about the last investment or the involved investors, the company's impact on the transition to cleaner energy sources and reduction of carbon emissions makes it an interesting prospect for potential investment in the sustainable energy sector.
