Minus Degre opens 16,000-sq-ft factory, targets doubling revenue in FY27

Ghaziabad-based recycled-materials startup Minus Degre has expanded manufacturing for its Eco-Panel range, aiming to grow distribution among premium B2B retail and interiors clients. The company reported FY26 revenue of Rs 1.25 crore and is targeting about Rs 2.5 crore in FY27.

— Source publishedSat, 29 Aug, 2026, 06:55 IST·First seen Sat, 29 Aug, 2026, 07:12 IST·Source YourStory · Capital

What happened

Ghaziabad-based recycled-materials startup Minus Degre has opened a 16,000-sq-ft factory and aims to scale manufacturing and distribution of Eco-Panel products.

Key facts

  • 15-member team
  • 16,000-sq-ft factory
  • 300 tonnes of plastic waste recycled
  • More than 200 B2B clients
  • Over 3,000 B2C customers
  • Key chains priced at Rs 149
  • Curved benches priced at Rs 24,000
  • More than 90 seating modules installed at Noida International Airport
  • FY26 revenue: Rs 1.25 crore
  • FY27 revenue target: around Rs 2.5 crore

Why this matters

Minus Degre’s expanded capacity and premium B2B focus make it a potential materials partnership target for retail-fixtures, interiors or sustainable-building suppliers seeking differentiated recycled-panel offerings.

What to watch

  • Announced distributor or channel-partner additions in NCR and other metro markets.
  • Named retail, hospitality, office or institutional project wins using Eco-Panel.
  • Factory utilization, production capacity and lead-time disclosures.
  • Gross-margin movement and working-capital needs as distribution expands.
  • Third-party certifications, green-building approvals or material-specification partnerships.
  • Evidence of repeat orders or multi-location deployments from early B2B customers.
  • Build a specification-sales team targeting architects, retail design firms, contractors and green-building consultants.
  • Secure multi-site pilot orders with premium retail, hospitality and workspace clients to create reference installations.
  • Expand regional distributor coverage while setting minimum order, credit and service standards to protect margins.
  • Publish product testing, recycled-content, durability, fire-safety and lifecycle credentials to reduce buyer adoption friction.
  • Prioritize higher-margin customized panels and recurring institutional accounts over fragmented small orders.

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