Hyderabad, 1 April 2026 – Srichakra Polyplast, a leading plastic recycling company in India, has appointed Lakshman K. Iyer as Chief Executive Officer, as the company accelerates its next phase of scale, integration, and value-added growth. Lakshman will further complement with his experience in the top management of Srichakra and will report to the board of directors and Mr. Ravindra Paruchuri, the Managing Director of the company.
Lakshman brings over 25 years of global leadership experience across polymers, chemicals, and advanced materials, with a proven track record of building and scaling businesses, driving operational transformation, and delivering sustainable growth across international markets.
His appointment comes at a time when the recycling industry is transitioning toward compliance-led, high-quality, and traceable output, creating a need for deeper integration across the value chain. His addition will support the fast-paced expansion plans of Srichakra across products, regions, capacity, and its positioning in the recycling industry.
In his role, Lakshman will lead Srichakra’s execution of its business strategy and operations, with a focus on scaling plastic recycling capacity, strengthening partnerships with global brands, and advancing the company’s evolution into an integrated, end-to-end circular solutions platform.
Lakshman K. Iyer, CEO, Srichakra Polyplast, said, “Srichakra has built a strong foundation in the recycling ecosystem, supported by technology, quality, and a clear sustainability focus. As regulatory frameworks evolve and demand for high-quality recycled materials increases, there is a significant opportunity to build more integrated and value-driven solutions. I look forward to working with the team to scale the business and strengthen Srichakra’s role in enabling a more circular plastic economy.”
Ravindra Paruchuri, Founder & Managing Director, Srichakra Polyplast, said, “As the industry moves toward higher compliance standards and increased adoption of recycled content, leadership becomes critical in navigating this transition. Lakshman’s deep industry experience and global perspective will be instrumental in scaling our operations, strengthening our market position, and building a more integrated and future-ready business.”
Srichakra Polyplast is expanding its operations and capabilities across geographies, with a
growing focus on technology-led recycling, traceability, and building a scalable circular
ecosystem aligned with evolving regulatory and industry requirements.
About Srichakra Polyplast
Srichakra Polyplast is a leading, technology-driven plastic recycling company in India, and a
pioneer in sustainable plastic recycling. Founded in 2010, the company transforms post-
consumer plastic waste into high-quality recycled PET (rPET) and polyolefin flakes and granules for the packaging industry, serving Indian and global brand owners. Srichakra was the pioneer in setting up India’s first bottle-to-bottle-food grade recycling facility and supports the transition towards a circular plastics economy by helping brands reduce reliance on virgin plastic and meet Extended Producer Responsibility (EPR) requirements, with a strong emphasis on technology, traceability, process control, quality, and environmental stewardship. The company is supported by Circulate Capital, a highly respected global impact fund fostering circularity in post-consumer waste material in fast-growing regions in South and South-East Asia, and Niveshaay Fund, a SEBI-registered AIF.
