Company Intelligence Profile
Srichakra Polyplast
Hyderabad-based PET/plastics recycling company converting post-consumer packaging waste into food-grade recycled flakes and granules — India's first PET bottle-to-bottle recycler, backed by Circulate Capital.
Last updated 6 September 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Confirmed| Registered name | Srichakra Polyplast |
|---|---|
| CIN | U37200TG2010PTC069875 |
| PAN | AAOCS6150Q |
| Status |
|
| Listing | Not listed — no evidence of stock exchange listing found on any source. |
| Incorporated | 06 August 2010 |
| ROC | RoC Hyderabad / Telangana |
| Sector (NIC) | Manufacturing (Others) — plastic products, non-metallic mineral products, rubber products, fabricated metal products; operationally a plastics/PET recycling (waste-management/circular-economy) company |
| Registered address |
|
| Authorized capital | ₹25.0 Crore |
| Paid-up capital | ₹19.64 Crore |
Business Overview
Confirmed- Srichakra Polyplast (India) Pvt Ltd is a Hyderabad-headquartered plastics-recycling company, described by its own site as "India's inaugural PET Bottle-to-Bottle recycling enterprise." It collects post-consumer plastic packaging waste (PET, PE, PP, HDPE) and converts it into food-grade recycled flakes and granules for beverage, FMCG and industrial packaging customers, processing 100,000+ tonnes annually and serving 25+ global clients under a vertically integrated, closed-loop supply chain
- It holds EFSA (European Food Safety Authority) positive safety assessment and claims to be the first Indian recycler to receive it
- Founded/incorporated 2010
Directors
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Ravindra Venkata Paruchuri | 03145223 | Managing Director | 17 Dec 2010 |
| Rajasekhar Yarlagadda | 01565352 | Director | 06 Aug 2010 |
| Srinivas Chakravarthy Mikkilineni | 03177719 | Director | 17 Dec 2010 |
| Robert Ira Kaplan | 08711799 | Director | 30 Sep 2020 |
GST Registrations
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 36AAOCS6150Q1ZJ | Telangana | AAOCS6150Q [Tofler; corroborated by GSTIN 36AAOCS6150Q1ZJ, which embeds the same PAN — gst.jamku.app, gstverify.co.in] | Active |
| 33AAOCS6150Q1ZP | Tamil Nadu | AAOCS6150Q [Tofler; corroborated by GSTIN 36AAOCS6150Q1ZJ, which embeds the same PAN — gst.jamku.app, gstverify.co.in] | - |
Primary/home-state GSTIN: 36AAOCS6150Q1ZJ, Telangana, PAN AAOCS6150Q, registered 01 Jul 2017, status Active/Regular, taxpayer type Private Limited Company. Address on this registration is a factory/plant location: Indrakaran Village, Kandi Mandal, Survey No 355 A2/C/E/UU, Isnapur-Indrakaran Road, Kuber Industries, Industrial Development Area, Eddumailaram, Sangareddy, Telangana 502329 — distinct from the Gachibowli registered/corporate office. Confirmed by 2 independent aggregators (gst.jamku.app, gstverify.co.in) plus mastersindia.co search snippet. Filing status current (GSTR-1/3B/9/9C filed through mid-2026 per gst.jamku.app). A possible SECOND registration, 33AAOCS6150Q1ZP (Tamil Nadu), registration date 20/11/2023, was reported by a single lower-tier aggregator (fnshiftsolutions.com) and could NOT be corroborated by a second source; a separate aggregator (gstverify.co.in's PAN lookup) states the PAN has only "1 GST registration, active in Telangana" — a direct conflict. Treated as unconfirmed/partial; flagging for the SEO page as "at least 1 confirmed registration (Telangana); a Tamil Nadu registration is reported by one source but unverified."
Financials
Partial / conflicting- FY2025 (year ended Mar 2025) standalone figures per Tofler/TheCompanyCheck: Revenue ₹227.27 Crore, up ~106.76%–107% YoY. EBITDA growth +125.61% YoY. Net profit growth +234.54% YoY. Net worth growth +149.98% YoY. Total assets growth +53.56% YoY. Borrowings roughly flat (−3.92% YoY)
- Key ratios (Mar 2025): Operating margin 0.78%, Net profit margin 0.48%, ROE 0.43%, ROCE 1.12%, Debt/Equity −1.11
- No confirmation of standalone vs. consolidated basis was found; treat as standalone by default
- No historical multi-year trend obtained (paywalled)
- Employees: 152 vs 201-500 (LinkedIn self-report) — conflict noted above
Funding
Partial / conflicting- Circulate Capital (a dedicated plastic-circularity investment fund) made an equity investment in Srichakra Polyplast, first announced/dated December 2020 [circulatecapital.com company page] — this aligns with director Robert Ira Kaplan's board appointment on 30 Sep 2020, consistent with an investor board seat
- Exact investment amount not disclosed on Circulate Capital's page
- TheCompanyCheck separately states the company has "raised $12.08 million across 6 funding rounds" with Circulate Capital among the investors — this is a single-source claim — treat as partial/unconfirmed
- No other investor names, round names/dates, or valuations obtained
In the News
ConfirmedSrichakra Polyplast partners Lindner Washtech
Interplas Insights · 2 months ago
Lindner to supply washing lines to Srichakra Polyplast in India
Plastics News · 3 months ago
Headlines about Srichakra Polyplast reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 14 days ago.
Source: Google News aggregated headlines
Charges / Loans
Confirmed- Multiple active/registered charges per Tofler and TheCompanyCheck: HDFC Bank Limited — ₹88.2–88.25 Crore
- CSB Bank Limited — ₹49.0 Crore (latest 25 Nov 2025)
- ICICI Bank Limited — ₹37.0 Crore (multiple charges, latest 04 Aug 2025)
- Vardhman Trusteeship Pvt Ltd — ₹35.0 Crore (multiple charges, latest 28 Apr 2025)
- TheCompanyCheck additionally aggregates: total open charges ₹192.25 Crore, satisfied/released charges ₹151.8 Crore, and a recent ₹18 Crore charge registered 19 Dec 2025
- Figures are broadly consistent across the two sources (HDFC amount matches almost exactly); treat as confirmed for the presence and rough scale of secured borrowing, partial on the full ledger of every charge
Competitors
Partial / conflictingFrequently Asked Questions
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