Waaree Technologies Limited, founded in Maharashtra, specializes as an intermediary in the packaging material supply chain, cutting and repacking materials like tapes and labels.

Originally established as a partnership, the company transformed into a public limited entity and has evolved to incorporate diverse business operations, including PV tape and synthetic paper supply.

A significant pivot occurred in 2022-23, with the company acquiring the battery business from Waaree ESS Private Limited, enabling it to manufacture and trade battery components and finished batteries.

The acquisition marked a shift towards renewable energy solutions, aligning Waaree Technologies with increasing market demands for sustainable energy products.

Despite this strategic shift, the company retains its traditional businesses, creating a diverse portfolio balancing legacy and contemporary markets.