Srichakra Polyplast
Srichakra Polyplast is India's first FSSAI-approved bottle-to-bottle rPET recycler, producing food-grade rPET, rHDPE, and rPP granules from post-consumer plastic waste for 25+ global FMCG and beverage brands including Coca-Cola, PepsiCo, HUL, and P&G.
- Company typePrivate
- Founded2010
- HeadquartersHyderabad, India
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Srichakra Polyplast does
Srichakra Polyplast India Pvt. Ltd., founded in 2010 and headquartered in Hyderabad, operates India's first PET bottle-to-bottle recycling enterprise, producing food-grade recycled PET (rPET), rHDPE, and rPP polymers from post-consumer plastic waste. The company runs an integrated mechanical recycling platform covering collection (via its wholly-owned upstream arm Srichakra Reclamations), AI-assisted NIR sorting, hot-washing, extrusion, and pelletizing, with zero-liquid discharge operations across four manufacturing units in Telangana, Tamil Nadu, and Gujarat. Its products — rPET flakes, food-grade rPET granules, rHDPE granules (blow and injection grades), and rPP granules — meet defined food-contact specifications (PVC <30 ppm, contamination <100 ppm, controlled IV and color values) and are FSSAI-authorized, positioning Srichakra ahead of India's April 2026 EPR mandate requiring 40% recycled content in PET bottles.
Srichakra generates revenue through (i) B2B unit-priced sales of recycled polymer to enterprise FMCG and beverage customers under quote-based contracts, (ii) EPR Compliance Services that issue certificates and reporting to brand owners, and (iii) upstream sourcing and aggregation fees via Srichakra Reclamations. The company sells to 25+ global brands including Coca-Cola, PepsiCo, Hindustan Unilever, P&G, L'Oréal, Diageo, Reckitt, Mars Wrigley, Colgate-Palmolive, Beiersdorf, Marico, and Perfetti Van Melle, operating as a resin launch partner rather than a commodity supplier. FY25 revenue stood at ₹227 crore with an explicit FY27 target of ₹1,000 crore, supported by ₹425 crore in committed capex, a Nov 2025 acquisition that nearly doubled recycling capacity, a new Krishnagiri facility, scaling of a Gujarat joint venture, and Circulate Capital as a growth capital partner.
Srichakra Polyplast firmographics
Firmographics- Name
- Srichakra Polyplast
- Legal name
- Srichakra Polyplast India Pvt. Ltd.
- Website
- https://srichakra.in
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Srichakra Polyplast is India's first FSSAI-approved bottle-to-bottle rPET recycler, producing food-grade rPET, rHDPE, and rPP granules from post-consumer plastic waste for 25+ global FMCG and beverage brands including Coca-Cola, PepsiCo, HUL, and P&G.
- Ownership category
- akta.pro rank
Srichakra Polyplast industry classification
Industry- Product category
- Recycled Polymer Manufacturing
- NAICS
- Plastics Product Manufacturing (3261), Materials Recovery Facilities (56292)
- SIC
- Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)
- akta.pro primary industry
- Recycled & Reprocessed Polymer Resin Manufacturing (rPET, rPP, rPE; PCR/PIR resins) (IMANAAAH)
- akta.pro secondary industries
- Food-Grade & rPET/rHDPE Recycling (Decontamination/SSP, Bottle-to-Bottle) (EUAIAKAD), Rigid Plastics Recycling (HDPE/PP, Injection/Blow Molded) (EUAIAKAF), Reprocessed Resin & Recycled Polymer Compounding (PCR/PIR Compounds) (IMANAMAG)
Keywords
Where Srichakra Polyplast is headquartered
LocationHeadquarters
- HQ city
- Hyderabad
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
Srichakra Polyplast business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Infrastructure, Technology or R&D, Personnel, Operations
Revenue model
- Recycled Polymer Sales: Sale of food-grade recycled PET flakes, rPET granules, rHDPE granules, and rPP granules to FMCG and beverage brands for packaging production. Revenue generated through product sales with pricing based on polymer type, grade, and volume.
- EPR Compliance Services: Extended Producer Responsibility services helping brands meet mandatory plastic waste collection and recycling obligations. Issues EPR certificates and compliance reports to brand owners.
- Upstream Sourcing & Aggregation: Structured collection and sourcing networks providing traceable feedstock flows. Integrates waste pickers and informal sector into organized systems.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | rPET Flakes - Food Grade |
| Unit Pricing | Pay-as-you-go | rPET Granules - Food Grade |
| Unit Pricing | Pay-as-you-go | rHDPE Granules |
| Unit Pricing | Pay-as-you-go | rPP Granules - Natural |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Srichakra Polyplast product offering
Product offeringCore offering
Srichakra Polyplast manufactures and sells food-grade recycled polymers (rPET flakes, rPET granules, rHDPE granules, rPP granules) derived from post-consumer plastic waste for global FMCG and beverage brand packaging applications. The company also provides Extended Producer Responsibility (EPR) compliance services, issuing certificates and reports to brand owners to help them meet mandatory plastic waste collection and recycling obligations. It operates an integrated closed-loop system controlling the value chain from waste sourcing through advanced sorting, washing, extrusion, and finished resin delivery.
Product overview
Srichakra Polyplast operates as India\'s first PET bottle-to-bottle recycling company, offering a portfolio of recycled plastic products including rPET Flakes, rPET Granules (Food Grade), rHDPE Granules (Blow and Injection grades), and rPP Granules (Natural). The products are derived from post-consumer plastic waste through collection, sorting, washing, and advanced recycling processes. The company provides supporting services including EPR Compliance Solutions for brand partners and Post-Consumer Waste Management for responsible plastic disposal. The upstream layer, Srichakra Reclamations, structures aggregation and sourcing networks to ensure quality feedstock flows into recycling operations. The company serves major global beverage and FMCG brands seeking sustainable packaging alternatives.
Differentiator
Problem solved
Functional benefit
Products and services
- Recycled PET Flakes (rPET Flakes) High-quality hot-washed flakes produced from post-consumer PET bottles through optical color sorting, metal separation, label removal, and exhaustive washing and drying, with PVC <30 ppm and Global Contamination <100 ppm specifications, intended for packaging industry buyers.
- Recycled PET Granules (Food Grade) Food-grade recycled PET granules with intrinsic viscosity values of 0.70, 0.76, 0.80, and 0.84 dl/g and color values L: 70±2, A: 0 to -2, B: 0 to 3, used for beverage bottles, food containers, thermoformed trays, and packaging sheets by FMCG and beverage brand owners.
- Recycled HDPE Granules (Blow Grade) Recycled HDPE granules for blow molding applications with melt flow index 0.30-0.70 (190°C, 2.16kg) and 100-150 micron filtration, used for containers and household product packaging by FMCG brand owners.
- Recycled HDPE Granules (Injection Grade) Recycled HDPE granules for injection molding applications with melt flow index 4-8 (190°C, 2.16kg), used for caps, rigid packaging components, and industrial molded parts by FMCG and industrial buyers.
- Recycled PP Granules (Natural) Recycled polypropylene natural granules with melt flow indices of 6-10, 20-30, and 30-40 (230°C, 2.16kg), used for industrial components, rigid packaging, automotive parts, and consumer products.
- Extended Producer Responsibility (EPR) Compliance Solutions Extended Producer Responsibility compliance service helping brands meet EPR obligations through structured plastic waste collection, certified recycling, EPR certificates, and compliance reports for regulatory filings.
- Post-Consumer Waste Management Service End-to-end plastic waste recycling service covering collection, processing, and food-grade recycled resin production with zero-liquid discharge compliance, sold to enterprise brand owners requiring responsible plastic waste disposal.
- Srichakra Reclamations Upstream Sourcing and Aggregation Network Structured PAN-India collection and aggregation service that sources post-consumer recyclable plastics from healthcare, hospitality, corporates, and institutions, delivering traceable feedstock flows into Srichakra's recycling operations.
Quantifiable outcome
- 23,632 MT of post-consumer plastic processed into recycled materials in FY24-25
- +3 more outcomes
Companies that use Srichakra Polyplast
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles3 records
Srichakra Polyplast technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature5 records
Srichakra Polyplast partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Lindner WashtechcorePartnership with Germany-based Lindner Washtech to install two advanced washing lines for processing post-consumer recycled (PCR) film and rigid plastic waste in India. The collaboration enhances recycling capacity, improves material quality, processing efficiency, and supply reliability for India's packaging and manufacturing sectors. Supports India's transition to circular economy and helps global brands reduce dependence on virgin plastics.
- Gujarat Joint VenturecoreGujarat joint venture facility scaled as part of expansion plans to increase total food-grade rPET capacity. Distributed manufacturing model with Gujarat JV complementing Telangana and Tamil Nadu facilities.
Scale indicators13 records
Recent moves8 records
Expansion highlights6 records
Srichakra Polyplast competitors and assessment
Company assessmentEmerging players
- Carbios: French biotech company developing enzymatic depolymerization technology for PET-to-monomer recycling. Represents a potential technology disruption to mechanical recycling players like Srichakra, with major partnerships with L'Oréal and other FMCG brands who are also Srichakra customers.
- Loop Industries: Canada-based chemical recycling company with proprietary depolymerization technology to break down PET to monomers for virgin-quality recycled resin. An emerging technology competitor that could erode mechanical recyclers' food-grade positioning if commercialized at scale.
Broad incumbents
- Veolia (Plastic Recycling): French-headquartered global environmental services and resource management major with growing PET recycling operations in Europe and Asia. Competes broadly in the recycled polymer space with established food-grade capabilities through its subsidiary integrations.
- Reliance Industries (Recycled Polyester): India's largest petrochemical conglomerate with a RelPET recycled polyester product line and circular economy initiatives. A broad incumbent with the balance sheet, R&D, and feedstock access to rapidly scale food-grade rPET in India and challenge Srichakra's first-mover position.
- Indorama Ventures: Thai-listed global leader in PET production with significant rPET (food-grade and fiber-grade) operations across the Americas, Europe, and Asia. Most direct large-scale competitor in food-grade rPET, though far larger and more diversified across virgin PET as well.
Direct peers
- ALPLA Group: Austrian-headquartered global plastic packaging manufacturer with integrated mechanical and chemical recycling operations, including food-grade rPET. Operates dedicated recycling plants in multiple geographies and is actively expanding in India and other growth markets.
- CarbonLite Recycling: US-based PET bottle-to-bottle recycler producing food-grade rPET pellets primarily for beverage brands. Closely comparable business model: post-consumer bottle collection, food-grade decontamination, and direct supply to major beverage customers.
- Plastipak Holdings: US-based rigid plastic packaging producer with vertically integrated PET recycling producing food-grade rPET for beverage and household product applications. Comparable in serving major FMCG and beverage customers with food-contact recycled resin.
Regional players
- Ester Industries: India-based polyester film and chip manufacturer that has invested in recycled PET and sustainability initiatives. A relevant Indian regional peer exploring rPET capacity, though less focused on food-grade bottle-to-bottle applications.
- Polyclean Technologies: India-based plastic waste management and recycling company with PAN-India collection networks and recycling operations. A direct Indian regional peer in post-consumer plastic aggregation and reprocessing, though more focused on industrial and non-food applications.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Srichakra Polyplast social profiles
Digital presenceSrichakra Polyplast compliance and trust
Trust signalCompliance1 record
Srichakra Polyplast financial estimates
Financial estimateRevenue estimate
Valuation estimate
Srichakra Polyplast leadership team
Management profileNumber of profiles
Profiles4 records
Srichakra Polyplast subsidiaries and ownership
Company hierarchySubsidiaries1 record
Srichakra Polyplast funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Srichakra Polyplast M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Srichakra Polyplast
What does Srichakra Polyplast do?
Srichakra Polyplast manufactures and sells food-grade recycled polymers (rPET flakes, rPET granules, rHDPE granules, rPP granules) derived from post-consumer plastic waste for global FMCG and beverage brand packaging applications. The company also provides Extended Producer Responsibility (EPR) compliance services, issuing certificates and reports to brand owners to help them meet mandatory plastic waste collection and recycling obligations. It operates an integrated closed-loop system controlling the value chain from waste sourcing through advanced sorting, washing, extrusion, and finished resin delivery.
Is Srichakra Polyplast a public or private company?
Srichakra Polyplast is a private company. It is classified as venture growth investor backed and is currently operating.
When was Srichakra Polyplast founded?
Srichakra Polyplast was founded in 2010. It employs 251 to 500 people.
Where is Srichakra Polyplast based?
Srichakra Polyplast is headquartered in Hyderabad, India, in the Asia region.
How does Srichakra Polyplast make money?
Three revenue lines are on record. Recycled Polymer Sales are the primary driver. The others are EPR Compliance Services and upstream Sourcing & Aggregation.
Who are Srichakra Polyplast's main competitors?
Emerging players on record are Carbios and Loop Industries. Broad incumbents are Veolia (Plastic Recycling), Reliance Industries (Recycled Polyester) and Indorama Ventures. Direct peers are ALPLA Group, CarbonLite Recycling and Plastipak Holdings. Regional players are Ester Industries and Polyclean Technologies.
Does Srichakra Polyplast have an API?
No public API is recorded for Srichakra Polyplast.
What industry is Srichakra Polyplast in?
Srichakra Polyplast's product category is Recycled Polymer Manufacturing. Its primary akta.pro industry code is IMANAAAH, Recycled & Reprocessed Polymer Resin Manufacturing (rPET, rPP, rPE; PCR/PIR resins), with a secondary code of EUAIAKAD, Food-Grade & rPET/rHDPE Recycling (Decontamination/SSP, Bottle-to-Bottle). Its NAICS code is 3261 and its SIC code is 2821.