What Lucro Plastecycle does

Lucro Plastecycle is a Mumbai-based integrated plastic recycling company founded in 2018 that converts post-consumer plastic waste into high-value recycled granules, flexible packaging, automotive covers, and retail packaging. It operates through three divisions — Collection, Recycling, and Manufacturing — unified by its trademarked "Plast-E-Cycle" process, which includes proprietary de-inking, dry wash, and de-odorizing steps, and is backed by a 100% traceable, digitally documented supply chain using QR-coded chain-of-custody records and geo-tagged imagery. The company's 50,000+ tons of annual waste collection, 30,000+ tons of recycling capacity, 17,000 tons of finished products, 200+ waste picker network across 30 villages and cities, Ocean Bound Plastic certification, and 95% water recycling at washing centers underpin a throughput multiple of the 11% Indian national recycling rate.

The business is enterprise B2B, selling rLDPE, rHDPE, and rPP granules alongside finished packaging to FMCG brands (Hindustan Unilever, Tata Consumer Products, Marico), beverage companies (Coca-Cola, Pepsi), industrial players (Castrol, Piramal), automotive manufacturers, and retail/e-commerce buyers under multi-year, quote-based contracts that price on PCR content percentage, product type, and order volume. A secondary revenue layer monetizes India's Extended Producer Responsibility (EPR) regime through plastic credits and compliance services, allowing brand owners to meet mandatory recycled-content targets. The company exports roughly 30% of output internationally and counts Circulate Capital, Hindustan Unilever (14.3% strategic stake acquired in March 2025), Dow Chemical, IFC, Proparco, and the Marico Innovation Foundation among its strategic and financial backers.

Name

Lucro Plastecycle

Legal name

Lucro Plastecycle Private Limited

Website

https://lucro.in

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Lucro Plastecycle is an India-based integrated plastic recycling company that converts post-consumer plastic waste into traceable PCR granules, flexible packaging, automotive covers, and retail packaging for enterprise FMCG, beverage, automotive, and industrial brands under India's EPR framework.

Ownership category

akta.pro rank

Product category

Plastic Recycling & Sustainable Packaging Manufacturing

NAICS

Materials Recovery Facilities (562920), Solid Waste Collection (562111), Recyclable Material Merchant Wholesalers (42393)

SIC

Refuse Systems (4953), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Post-Consumer Plastic Collection & Sorting (MRF/PRF, Bale Supply) (EUAIAKAA)

akta.pro secondary industries

Recycled & Reprocessed Polymer Resin Manufacturing (rPET, rPP, rPE; PCR/PIR resins) (IMANAAAH), Rigid Plastics Recycling (HDPE/PP, Injection/Blow Molded) (EUAIAKAF), Packaging Waste Sorting & Recycling Technologies (Mechanical/Chemical Recycling, Sorting Systems) (IMALAMAL)

Keywords

• Plastic recycling services
• Recycled plastic granules
• Post-consumer recycled packaging
• EPR plastic credits
• Flexible plastic packaging

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Recycled Granules and Packaging Products: Sale of recycled plastic granules (rLDPE, rHDPE, rPP), automotive covers, flexible packaging, and retail packaging to brands transitioning from virgin to recycled materials
2. EPR & Plastic Credits: Extended Producer Responsibility credits trading - helping brands fulfill their mandatory recycled content obligations under Indian EPR regulations

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Lucro Plastecycle is a fully integrated waste management and recycling company that collects post-consumer plastic waste through a network of waste pickers and transforms it into high-value recycled granules and finished products. The company sells recycled plastic granules (rLDPE, rHDPE, rPP), automotive covers, flexible packaging, and retail packaging, and also facilitates Extended Producer Responsibility (EPR) and plastic credits trading to help brands meet mandatory recycled content obligations.

Product overview

Lucro Plastecycle operates as a fully integrated waste management and recycling company with four main divisions: Collection, Recycling, and Manufacturing. The company offers a portfolio of recycled plastic products including Recycled Granules (rLDPE, rHDPE, rPP), Automotive Covers, Flexible Packaging, and Retail Packaging. The proprietary Plast-E-Cycle process enables end-to-end circular economy solutions, transforming post-consumer plastic waste collected from villages and cities into high-value sustainable materials. Products serve auto and FMCG industries with 100% recycled content packaging solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Plast-E-Cycle: Proprietary trademarked process that functions as an end-to-end, integrated circular supply chain for plastic recycling.
• EPR & Plastic Credits

Products and services

• Recycled Granules High-quality recycled plastic granules (rLDPE, rHDPE, rPP) derived from post-consumer plastic waste, supplied to manufacturers as raw material for downstream packaging and component applications.
• Automotive Covers Recycled-content automotive interior protection products including seat covers, steer covers, gear covers, floor mats, fender covers, front grill covers, and complete kits, sold to automotive manufacturers and aftermarket distributors.
• Flexible Packaging Recycled-content flexible packaging solutions including shrink wrap (up to 70% PCR), stretch wrap, polybags/pouches, bundling rolls, raffia bags (30% PCR), mailer bags, contractor/rubble bags, drum/bin liners, hotel/laundry bags, drawstring bags, protective plastic sheeting, medical waste bags, agri & mulch film, polytubing, and nursery bags.
• Retail Packaging Recycled-content retail packaging products including soft loop shopping bags, die cut shopping bags, T sacks, drawstring bags, flat bags, star seal bags on rolls, reusable carrier bags, bottom gusset bags, envelope bags, side gusset bags, flexiloop carriers, vest carriers, wavy top carriers, carrier on roll, and suit carriers, supplied to retail chains and e-commerce brands.
• EPR & Plastic Credits Extended Producer Responsibility (EPR) and plastic credits trading service that helps producers, importers, and brand owners manage plastic packaging obligations and meet mandatory recycled content requirements under Indian Plastic Waste Management Rules.

Quantifiable outcome

• Collects 50,000+ tons of post-consumer plastic waste annually
• +5 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Hindustan Unilever Limited (HUL)coreStrategic or Co-development Partner · 21 March 2025HUL acquired a 14.3% stake in Lucro Plastecycle to enhance plastic circularity and boost availability of recycled content for sustainable packaging. Strategic investment supporting brand's sustainability commitments.
• Dow ChemicalcoreStrategic or Co-development PartnerDow's Indian partnership with Lucro targets plastic waste through post-consumer recycled film solutions in India. Joint development of sustainable flexible packaging using PCR content.
• Marico Innovation FoundationminorStrategic or Co-development PartnerPartnership with Marico Innovation Foundation for innovation in plastic waste management. Lucro developing PCR based products for Marico's packaging needs.
• Waste Pickers / Safai SaathiscoreOthersPartnership with waste pickers (Safai Saathis) for first-mile collection of post-consumer plastic waste. 200+ waste pickers empowered through the collection network, increasing their earning potential.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Envision Plastics (Bantam Materials): Envision Plastics specializes in PCR resin manufacturing, particularly recycled HDPE and PP, supplying consumer brands with sustainable packaging solutions. Directly comparable as a vertically integrated post-consumer plastic recycler selling PCR pellets and packaging to FMCG brands.
• KW Plastics: KW Plastics is one of the largest North American PCR resin producers (rHDPE, rPP, rPET) selling to packaging and consumer goods manufacturers. Highly comparable as a pure-play post-consumer plastics recycler serving B2B packaging customers with recycled resin feedstock.
• MBA Polymers: MBA Polymers operates global PCR resin production facilities recovering engineering plastics and polyolefins from end-of-life durable goods. Directly comparable as an integrated recycler producing high-value PCR resins (rPP, rABS, rPC) for downstream manufacturers and brand owners.
• Srichakra Polyflex: Indian plastic recycling and processing firm producing PCR-based products for FMCG and consumer brands. Lucro reportedly supplies Coca-Cola and Pepsi via Srichakra partnership, indicating direct operational overlap in India's PCR packaging market.
• CarbonLite Recycling: CarbonLite is a major US PCR rPET producer serving beverage and food-grade packaging markets. Comparable as a large-scale post-consumer bottle recycler producing food-grade recycled resin for brand owners transitioning to PCR packaging.

Broad incumbents

• UFlex Limited: UFlex is India's largest flexible packaging manufacturer with growing sustainable packaging offerings including PCR films. Comparable as a major incumbent in Indian flexible packaging now moving into recycled-content solutions, though much larger and broader in scope than Lucro.
• Cosmo Films: Cosmo Films is a major Indian BOPP and flexible packaging manufacturer with sustainability initiatives. Comparable as an incumbent Indian packaging player developing PCR and bio-based films, competing for the same FMCG brand packaging budgets.
• Reliance Industries (Recycling): Reliance operates India's largest petrochemical complex with growing circular economy initiatives including PCR resin production. As a massive incumbent, it represents both potential scale competition and a supply chain partner for recycled feedstock in the Indian market.

Emerging players

• Plastics For Change: Plastics For Change operates an ethical plastic sourcing platform connecting waste pickers to global brands, similar to Lucro's community collection model. Comparable as an emerging PCR supply chain player in emerging markets with traceability and social impact focus.
• Precious Plastic: Precious Plastic is an open-source plastic recycling community and small-scale recycler network. Less directly competitive but thematically related in the grassroots plastic recycling and circular economy space, particularly for community-empowered collection.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/lucro_india
• LinkedInlinkedin.com/company/lucroplastecycle

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lucro Plastecycle