JB Ecotex Limited is one of the leading Recycle Polyester Staple Fibre (RPSF) manufacturer with production capacity of 60000 MT/Annum & expanding. JB Ecotex produces recycled polyester staple Fibre and PET flakes with sustainable methods with the vision of reducing plastic waste and conserving the environment. The group has been a major player in the sustainability landscape with interests in renewable energy, waste recycling, environment consulting and other such services.
Lemon’s Association with JB Ecotex
JB Ecotex intends to scale up its operations multifold in order to achieve its goal of fighting climate change through recycling of plastic and waste. For this, it chose Lemon Consultech to help in establishing governance practices, approach for fundraise, setting up sound internal framework and controls, corporate restructuring and overall advisory.
Key Deliveries:
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Review of Business Model & Establish a Corporate Governance
Establishing a corporate structure requires careful consideration of a variety of factors, including the size and type of business, the number of employees, the legal and regulatory requirements, the desired level of control and management, and the potential for future growth and expansion where Lemon Consultech is helping on the same.
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Restructuring:
Multiple entities in the group pursuing different businesses, questions of efficient capital allocation, growth vs. potential, complexities in business, not-so-well defined governance structures and the need to gear up for an eventual IPO require a major restructuring and Lemon Consultech’s expertise has had a very important role in this task.
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Help in establishing an IT framework
Establishing an IT framework is essential for businesses to ensure that their technology infrastructure is secure, efficient, and effective. Lemon Consultech helped the company in articulating the IT framework for IT asset management, IPR protection, IT security and other systems and processes.
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Financial Planning, Budgeting & Projections
Proper financial planning, budgeting and future projections are very important in navigating a company for growth and going public. Lemon Consultech is helping the company put up the framework and doing the maths for the scaling up and fund raise.
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Risk Assessment
Risk assessment is an important process for businesses to identify potential risks and threats in its operations and to develop strategies to mitigate those risks. Lemon Consultech’s assistance in this area helped the company put in place an effective risk management framework.
Conclusion
Through this partnership, Lemon Consultech is assisting a group with high ESG contribution to scale up and be a change agent in the environment sustainability mission.