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Banyan Nation

India's leading plastics recycling company — 58,000 TPA, 70+ brands, path to IPO

Photo of Mani Vajipeyajula

Mani Vajipeyajula

Cofounder and CEO at Banyan Nation

More about Mani »
Employees 201–500
Headquarters Hyderabad, Telangana, India
Banyan Nation is India's leading integrated plastics recycler for PE and PP, serving 70+ brands including HUL, Reckitt, and Shell. At ₹100 crore revenue — 80% EPR-driven — its Hyderabad plant is sold out and profitable. A DFC-backed 48,000 TPA Bangalore expansion on owned land is underway, as India's EPR mandates scale to 3 million tons by 2029. Winner: WEF Circular Economy Award (Davos); Forbes Enterprise of the Year.

Notable Achievements

  • Hyderabad (10,000 TPA): sold out, profitable. Bangalore (48,000 TPA): under construction
  • 70+ brands incl. HUL, Reckitt, Shell; 45–50% material contribution margin
  • Scaling to 58,000 TPA across two plants; raising $30–50M for national expansion

Currently Operating in Three Regions

Press Mentions

February 6, 2025

Plastic Recycling Services Market Size Leads USD 67.94 Bn 2034

Read on Precedence Statistics »

November 6, 2024

First Plastics Recycling Awards India finalists announced

Read on Interplas Insights »

September 16, 2021

HUL’s Surf Excel switches to the use of 50% recycled plastic bottles | Marketing | Campaign India

Read on Campaign India »

July 7, 2021

Meet the World Economic Forum's Technology Pioneers of 2021

Read on World Economic Forum »

January 25, 2019

Plastic is a global problem. It’s also a global opportunity

Read on World Economic Forum »

October 13, 2018

Banyan Nation: Living sustainably is the only way forward

Read on The New Indian Express »

Work at Banyan Nation

Posted February 25, 2026

Manager - Data Analytics (Control Tower)

Hyderabad, Telangana, India

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Posted November 17, 2025

Assistant Manager - Quality

Hyderabad, Telangana, India

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Posted November 17, 2025

Senior Engineer - Research & Development

Hyderabad, Telangana, India

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Posted November 17, 2025

Manager - Waste and Scrap Management

Hyderabad, Telangana, India

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Posted November 17, 2025

Manager - After Sales Technical Support

Hyderabad, Telangana, India

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Posted November 17, 2025

Sourcing Manager

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Posted November 17, 2025

Senior Executive / Assistant Manager - Finance & Accounts

Hyderabad, Telangana, India

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Posted November 17, 2025

Assistant Manager / Manager - Research & Development

Hyderabad, Telangana, India

View Listing »

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