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
Srichakra Polyplast is a Hyderabad-based PET and plastics recycling company, recognized as India's first PET bottle-to-bottle recycler. In FY2025, the company reported a revenue of ₹227.27 crore, demonstrating a substantial growth of approximately 107% year-on-year. Backed by Circulate Capital, Srichakra serves over 25 global clients, processing more than 100,000 tonnes of post-consumer packaging waste annually.
Compiled from MCA filings and other public records. Figures may lag the latest filing; verify against the detailed sections below.
See what AICA knows about Srichakra Polyplast
Deeper analysis, financial signals and peer comparisons.
Company Identity
| 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
- 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
| 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
| 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
- 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
- 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
Srichakra Polyplast partners Lindner Washtech
Interplas Insights · 3 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 29 days ago.
Source: Google News aggregated headlines
Charges / Loans
- 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
Frequently Asked Questions
What does Srichakra Polyplast do?
What is the CIN of Srichakra Polyplast?
Where is Srichakra Polyplast registered?
When was Srichakra Polyplast incorporated?
Explore on Recur Club
Bharat Ke Super Founders
Recur Club's show spotlighting the founders building India's next generation of companies. Watch their stories.
Looking for business funding?
Recur Club is India's largest AI-native debt platform - working capital, term loans and structured debt from 150+ lending partners, without diluting equity.