Srichakra Polyplast
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 is a leading technology-driven plastics recycler producing high-quality recycled PET and polyolefin materials for packaging applications. The company operates India’s first food-grade rPET recycling facility and is one of the region’s leading producers of food-grade rPET and rHDPE materials.
Since Circulate Capital’s initial investment in 2020, Srichakra has increased its capacity sixfold and continued to expand into higher-value recycled materials.
In 2025, the company acquired Gujarat-based manufacturing company Safar Ecopet to support its pan-India expansion.
Responsible Sourcing in the Plastic Waste and Recycling Sector: Examples of Inclusive Practices in India
Create Value-Added Markets
Srichakra Becomes the First Indian Recycling Company to Receive a Positive Safety Assessment from European Food Safety Authority (EFSA)
Circulate Capital Investment Portfolio Spotlight: Srichakra