About Srichakra Polyplast
Srichakra Polyplast is a company based in Hyderabad (India) founded in 2010 by Srinivas Chakravarthy, Chandra Sekhar Reddy, Ravindra Venkata Paruchuri, and Rajasekhar Yarlagadda. Srichakra Polyplast has raised $12.08 million across 6 funding rounds from investors including Circulate Capital, Prudhvi Chandra Simhadri and VJ Metcraft. The company has 152 employees as of September 11, 2024. Srichakra Polyplast offers products and services including Recycling Equipment and EPR Services. Srichakra Polyplast operates in a competitive market with competitors including Dalmia Polypro Industries, Banyan Nation, APK, Jeplan and Loop Industries, among others.
- Headquarter Hyderabad, India
- Employees 152 as on 11 Sep, 2024
- Founders Srinivas Chakravarthy, Chandra Sekhar Reddy, Ravindra Venkata Paruchuri, Rajasekhar Yarlagadda
- Stage Minicorn
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Sectors
Environment
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- Legal Name Srichakra Polyplast (India) Private Limited
- Date of Incorporation 06 Aug, 2010
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$13.08 M (USD)310.57as on Mar 31, 2023
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Net Profit
$480.46 K (USD)138.16as on Mar 31, 2023
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EBITDA
$953.35 K (USD)218.38as on Mar 31, 2023
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Total Equity Funding
$12.08 M (USD)
in 6 rounds
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Latest Funding Round
Not available
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Investors
Circulate Capital
& 57 more
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Employee Count
152
as on Sep 11, 2024
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Products & Services of Srichakra Polyplast
Srichakra Polyplast offers a comprehensive portfolio of products and services, including Recycling Equipment and EPR Services.
Machinery for processing and recycling plastic waste efficiently.
Assists in extended producer responsibility for waste compliance.
People of Srichakra Polyplast
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Funding Insights of Srichakra Polyplast
Srichakra Polyplast has successfully raised a total of $12.08M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Srichakra Polyplast
Srichakra Polyplast has secured backing from 58 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Circulate Capital, Prudhvi Chandra Simhadri and VJ Metcraft.
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Investment management focused on circular economy and plastic supply chains in high-growth markets.
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Infrastructure investments are directed toward multiple sectors by this fund.
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Investor details for Srichakra Polyplast
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Investments & Acquisitions by Srichakra Polyplast
Investment portfolio details for Srichakra Polyplast
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Financial Statements - Srichakra Polyplast
Detailed financials for Srichakra Polyplast
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Srichakra Polyplast Comparisons
Peer comparison for Srichakra Polyplast
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Competitors of Srichakra Polyplast
Srichakra Polyplast operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dalmia Polypro Industries, Banyan Nation, APK, Jeplan and Loop Industries, among others.
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Provider of recycled plastic flakes and granules from post-consumer waste. It sources waste from various points in the supply chain, including waste pickers and municipalities. The company processes this waste to produce high-quality recycled PET and polyolefin products for use in various industries, including fashion, consumer packaging, and material handling. It also assists companies in meeting their extended producer responsibility (EPR) obligations. The process aims to maximize the value of collected plastic waste and promote a circular economy.
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Post-consumer and industrial plastics are recycled into comparable granules.
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Provider of plastic recycling solutions
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Waste plastic is processed into recyclable materials via advanced technology.
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Producer of waste polyethylene terephthalate (PET) plastics and polyester fibers
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Detailed competitors of Srichakra Polyplast
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Latest news on Srichakra Polyplast
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Frequently Asked Questions about Srichakra Polyplast
Srichakra Polyplast was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Srichakra Polyplast is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Ravindra Venkata Paruchuri is the current CEO of Srichakra Polyplast. They have also founded this company.
Srichakra Polyplast is a funded company, having raised a total of $12.08M across 6 funding rounds to date.
As of Sep 11, 2024, the latest employee count at Srichakra Polyplast is 152.
Annual revenue of Srichakra Polyplast is $13.08M as on Mar 31, 2023.
Founded in 2010 in Hyderabad, India, operations in the plastic recycling sector are conducted. End-to-end recycling and waste management solutions are offered, including the development of plastic bottles from waste plastic bottles. rPET flakes, rPET SSP granules, and polyolefin odorless granules are manufactured from waste plastic. Services focus on sustainable processing and material recovery in the region.
Srichakra Polyplast's top competitors include APK, Plastic Energy and Banyan Nation.
Srichakra Polyplast offers Recycling Equipment and EPR Services.
Srichakra Polyplast has 58 investors. Key investors include Circulate Capital, Prudhvi Chandra Simhadri, VJ Metcraft, Laanso Equity Investment, and Nagendra Ammineni.
The valuation of Srichakra Polyplast is $74.78M as of Nov 2024.