The company recorded revenue of approximately ₹350 crore in 202526, Dolwani said, adding that its processing capacity has expanded significantly since the company last discussed its operations. Lithium-ion battery recycling and refurbishing firm LICO Materials is targeting revenue of about ₹450-500 crore in 202627, driven by higher material-processing volumes, improved capacity utilisation, and greater availability of end-of-life lithium-ion batteries, its CEO Gaurav Dolwani said.