E-waste business model evolves from recycling industry operating under policy and regulatory framework in a country. In India, environmental policy and regulatory framework is emerging from "pollution control" to "pollution prevention" with an increasing implementation of business model under public private partnership. In this context, an assessment of conventional E-waste recycling under the existing regulatory and emerging extended producer responsibility (EPR) regime with an option of public private partnership (PPP) as an interim intervention in the state of Maharashtra has been carried out. Further, mechanism of its establishment and operation both during short and long term have been identified for complete transition to EPR based regulatory regime.