Photograph of large group of workers with hands raised in celebration

Srichakra Polyplast

Hyderabad, India

Investment announced December 2020

Srichakra Polyplast (India) Pvt Ltd (Srichakra) is a leading technology-driven plastic recycling company and India’s first bottle-to-bottle grade recycler of PET and PE/PP.

Founded in 2010, Srichakra Polyplast produces superior recycled PET and olefin flakes and granules for the packaging industry, helping brand-owners reduce their use of virgin plastic.

Since Circulate Capital’s initial investment in 2020, the company has increased its capacity sixfold, has commissioned India’s first of its kind bottle-to-bottle recycling facility and has become the first Indian recycling company to receive a positive safety assessment from the European Food Safety Authority (EFSA).

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