Hyderabad: Srichakra Polyplast has announced the appointment of Lakshman K. Iyer as Chief Executive Officer, as the company gears up for its next phase of scale, integration, and value-driven growth.
Lakshman will report to the board of directors and Ravindra Paruchuri, Founder and Managing Director of the company. His appointment is aimed at strengthening the leadership team as Srichakra accelerates its expansion across products, regions, and recycling capabilities.
With over 25 years of global experience across polymers, chemicals, and advanced materials, Lakshman brings a strong track record in scaling businesses, driving operational transformation, and delivering sustainable growth across international markets.
His appointment comes at a time when the recycling industry is witnessing a shift toward compliance-led, high-quality, and traceable outputs, requiring deeper integration across the value chain. In his new role, he will focus on executing the company’s business strategy, expanding recycling capacity, strengthening partnerships with global brands, and advancing Srichakra’s transition into an integrated 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 currently 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.
