Hyderabad, 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 plastics 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.
