The discarded and end-of-life (EOL) electronics products ranging from computers, equipment used in Information and Communication Technology (ICT), home appliances, audio and video products and all of their peripherals are popularly known as Electronic waste (E-waste). During 2005, 1, 46,800 tonnes of e-waste was generated in the country, which is expected to increase to 800,000 by 2012. In 2007, the country generated 3, 30,000 tonnes of ewaste - equivalent of 110 million laptops, says an industry report. The volume of e-waste generation is rising sharply every year. Of the total e-waste generated in the country; Western India accounts for 35%, Southern India accounts for30%, Northern India accounts for21% and 14% by Eastern India. The presence of valuable recyclable components attracts informal and unorganized sector. Due to the lack of governmental legislations on e- waste(WEEE), standards for disposal, proper mechanism for handling these toxic hi-tech products, mostly end up in landfills or partly recycled in unhygienic conditions and partly thrown into waste streams. Although the waste trade sector in India is known as part of the 'informal' sector, it has a system that is highly organized with extensive co-ordination in an established network. The safe and environmentally risky practices adopted by them pose great risks to health and environment. The paper is of two fold, the first phase of the paper studies the sources of e waste generation and its amount. To make things more precise the paper targets personal computers (PCs) and reveals the amount of elements that can be recovered from a PC and the amount of revenue that can be obtained. In the second phase, based on the survey conducted in Chennai (Zone X) and based on the results, the paper proposes an e waste management model which is said to have a defined; information flow between the stakeholders, monitoring and a credit system to the household consumers. © Research India Publications.