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      A leading sustainability‑focused manufacturing enterprise sought to enter the fast‑growing lithium‑ion (Li‑ion) battery recycling market as part of its long‑term growth and circular‑economy strategy. The client required end‑to‑end support from opportunity assessment and business case development to technology selection, policy enablement, and execution planning.

      KPMG in India collaborated with the client to design, structure, and operationalise a greenfield Li‑ion battery recycling business, enabling strategic expansion with commercial viability and regulatory readiness.

      The challenge

      The client faced multiple challenges in building a new business in an emerging and highly regulated sector:

      • Limited internal experience in Li-ion battery recycling technologies and operating models
      • Need to assess demand–supply dynamics and long-term commercial viability
      • Uncertainty around optimal technology pathways (shredding, hydrometallurgy, or hybrid models)
      • Complex regulatory, policy, and incentive landscape at both central and state levels
      • Requirement to identify partners, structure collaboration models, and set up governance for execution

      The client needed a structured, risk‑aware, and scalable approach to move from concept to implementation.

      Our approach

      KPMG in India adopted a future‑back, end‑to‑end transformation approach, combining strategy, technology, policy, and programme management capabilities.

      Business case development

      Assessed demand–supply landscape and future battery waste availability

      Evaluated raw material recovery potential and revenue scenarios

      Built a detailed financial model covering capex, opex, process yields, and sensitivities

      Developed the business case for integrated shredding and hydrometallurgical processes.

      Technology and ecosystem collaboration

      Evaluated global technology providers across the China, Europe, Japan and U.S.

      Assessed technologies on efficiency, scalability, compliance, and commercial viability

      Supported collaboration models including JV structures, licensing, and technology partnerships

      Facilitated commercial discussions and alignment with shortlisted partners.

      Regulatory, policy, and incentive enablement

      Coordinated with state authorities to finalise plant location

      Prepared the Detailed Project Report (DPR) and incentive applications

      Supported approvals and applications under central government incentive schemes

      Enabled end-to-end regulatory readiness for operations.

      Programme management and execution readiness

      Designed the operating and governance model for the new business

      Defined milestone-based execution plans and interdependencies

      Supported PMO setup, risk management, and stakeholder coordination

      Developed a detailed implementation roadmap for scale-up.

      Business case development

      Assessed demand–supply landscape and future battery waste availability

      Evaluated raw material recovery potential and revenue scenarios

      Built a detailed financial model covering capex, opex, process yields, and sensitivities

      Developed the business case for integrated shredding and hydrometallurgical processes.

      Technology and ecosystem collaboration

      Evaluated global technology providers across the China, Europe, Japan and U.S.

      Assessed technologies on efficiency, scalability, compliance, and commercial viability

      Supported collaboration models including JV structures, licensing, and technology partnerships

      Facilitated commercial discussions and alignment with shortlisted partners.

      Regulatory, policy, and incentive enablement

      Coordinated with state authorities to finalise plant location

      Prepared the Detailed Project Report (DPR) and incentive applications

      Supported approvals and applications under central government incentive schemes

      Enabled end-to-end regulatory readiness for operations.

      Programme management and execution readiness

      Designed the operating and governance model for the new business

      Defined milestone-based execution plans and interdependencies

      Supported PMO setup, risk management, and stakeholder coordination

      Developed a detailed implementation roadmap for scale-up.

      The outcomes

      KPMG in India brought together strategy, sustainability, technology, policy, and programme management capabilities to help the client move beyond ambition and make strategic expansion real-turning a complex opportunity into an executable business.

      assignment

      Finalised the business case and validated long‑term commercial viability

      biotech

      Identified and partnered with technology providers for shredding and hydrometallurgical operations

      widgets

      Structured a JV/collaboration model to accelerate market entry

      receipt_long

      Secured INR650 crore+ in central and state government incentives (capex and opex)

      assignment_turned_in

      Finalised plant location and regulatory approvals

      fact_check

      Established a scalable execution roadmap aligned to sustainability and growth objectives

      Key Contact

      Amit Bhargava
      Amit Bhargava

      National Leader, Metals and Mining

      KPMG in India

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