Kapiti Overseas Pvt. Ltd. stands as a dynamic conglomerate specializing in metal recycling, international trade, and hospitality. The company is advancing a circular economy across sectors like energy, materials, and metals by minimizing waste and conserving valuable resources. Committed to safeguarding natural assets for future generations, Kapiti Overseas integrates cutting-edge technologies, streamlined processes, and a people-centric approach to responsibly conduct its business while ensuring resource efficiency and sustainability.
In an exclusive interview with The Interview World, Dr. Suresh Kapiti, Managing Director of Kapiti Overseas Pvt. Ltd. and Founder and President of Ignite Entrepreneurs Association (IEA), provides an in-depth look at his initiatives and vision. Furthermore, he delves into the innovative approach of recycling metals from EV batteries, emphasizing the vast market opportunities and economic advantages for EV battery manufacturers. Dr. Kapiti also outlines his strategic blueprint for business growth, revealing how sustainability aligns with profitability.
Additionally, he sheds light on the core mission of Ignite Entrepreneurs Association. He also discusses its pivotal role in empowering small and medium entrepreneurs, highlights key initiatives driving entrepreneurial growth, and articulates his ambitious long-term goals for the organization. The conversation offers invaluable insights into his visionary leadership and commitment to fostering sustainable development. Here are the highlights from this engaging exchange.
Q: Can you provide insights into Kapiti Overseas’ efforts in recycling, highlighting any new initiatives that set the company apart in the market?
A: Kapiti Group has strategically entered the battery metals recycling industry, recognizing the immense growth potential of the sector. With the battery industry projected to expand at a compound annual growth rate (CAGR) of 6.5% over the next decade, India faces a critical gap in its metal reserves. To address this challenge, recycling presents the most viable solution.
Our focus begins with metals like lead and lithium, with lead as the starting point. By recycling these metals, we aim to create a sustainable and continuous supply chain for India while contributing globally to reducing dependence on virgin mining. Moreover, this initiative aligns with our commitment to sustainability and circularity, integrating environmentally responsible practices into the system. Through this approach, we strive to make a meaningful impact on resource conservation and global sustainability.
Q: What are your views on the market opportunities for battery recycling in India, particularly in light of the country’s rapid transition towards electric vehicles?
A: The next two to three years present a promising opportunity. However, as with any initial phase, we may experience some fluctuations. Nevertheless, if we remain resilient and navigate these challenges over the next four to five years, the future holds significant potential for growth and success.
Q: How can metal recycling from EV batteries be made economically viable and affordable for EV manufacturers?
A: The recycling of metals and plastics represents the most viable approach in this sector. Focusing on metal recycling, we can enhance affordability while driving significant environmental impact. Over the next two to three years, the benefits of this initiative will become increasingly evident, marking a tangible shift toward sustainability.
Q: What is your perspective on fostering collaboration between Kapiti Overseas as a recycler and EV battery manufacturers?
A: Our collaboration focuses on Extended Producer Responsibility (EPR), which mandates that every battery manufacturer partner with entities like ours. EPR places the onus of responsibility on them, but we assume the associated risks on their behalf. This risk transfer allows us to drive meaningful progress. Through these partnerships, we believe India’s economy will advance. Moreover, we firmly believe that collaboration is the key to multiplying success.
Q: What is the current revenue size of your company, and how do you envision its growth over the next five to ten years?
A: Currently, we are launching our first unit, as we strongly believe in decentralization over centralization. Decentralization will enhance supply chain efficiency. We also aim to generate a minimum revenue of Rs. 110 crore. Based on the performance over the next six months, we plan to expand. Looking ahead, we see significant potential to reach a revenue of Rs. 1,000 crore within the next four to five years.
Q: Can you elaborate on the core activities of Ignite Entrepreneurs Association and how it contributes to empowering entrepreneurs?
A: When I returned to India, I noticed a critical gap in the entrepreneurial ecosystem. Entrepreneurs drive economic progress, much like the army protects our borders. However, entering entrepreneurship in India is often hindered by a lack of courage and numerous obstacles. Even those who achieve success often falter due to these unseen challenges.
We have identified these barriers and are committed to empowering entrepreneurs as individual leaders. A thriving industry depends on strong leadership, and it is this leadership we aim to nurture. Our association is dedicated to providing comprehensive support to entrepreneurs, addressing whatever challenges they face.
This is a collective effort—a collaboration focused on achieving success beyond individual economic interests. Our goal is to expand this association across India, contributing to the vision of a Viksit Bharat in real time.
Q: What key initiatives are you implementing to empower entrepreneurs?
A: Currently, there are 36 committees in total: 10 primary committees and 26 sectoral committees. If someone dedicates just 18 minutes per day, it results in a 37-fold improvement.
Entrepreneurs embarking on this journey must understand this fundamental truth. Many mistakenly believe that business success is driven solely by money, but money is not the core investment. The true investment in business is patience. Our goal is to instill this vital quality in entrepreneurs, fostering long-term growth and success.
Q: What is your long-term vision for the Ignite Entrepreneurs Association?
A: The long-term vision for IEA centers on contributing to the realization of Viksit Bharat and Amrit Kaal by 2047. With a demographic dividend lasting at least the next 8 to 10 years, we must harness this opportunity to strengthen India’s entrepreneurial ecosystem. Our goal is not only to excel in fostering entrepreneurship but also to shift the national mindset.
India has traditionally been recognized for its work culture, supplying a significant workforce to the global market. However, we aim to change that perception. Our vision is for India to be known for its entrepreneurial culture, not just its work culture. We seek to integrate both elements, creating a balanced environment that nurtures both innovation and productivity.
