Rungta Greentech Limited, a key player in India’s recycled polymers and circular materials space, has raised its second round of investment, with participation from an AIF managed by 360 ONE Asset, along with a select group of co-investors.
The latest fundraise builds on the company’s first investment round, led by Ratnabali Group and other co-investors, which helped accelerate Rungta Greentech’s transformation from a conventional PET recycling business into a more integrated, technology-driven recycling platform focused on higher-value recycled materials and advanced processing.
The fresh capital will be deployed to scale the company’s operations across food-grade recycled PET (rPET), recycled HDPE and PP, and textile-to-textile recycling. The investment will also support the adoption of advanced technologies, expansion of processing capacity and development of new recycling capabilities.
Deepak Rungta, Chairman & Managing Director, Rungta Greentech, said: "The first round gave us the confidence to accelerate our journey, and this second round is a strong validation of the progress we have made and the opportunity ahead. We are grateful to Ratnabali Group, our first investors, and now 360 ONE Asset along with other co-investors for their continued confidence in our vision. We see our investors as long-term partners as we build the next phase of Rungta Greentech.”
He added: "We believe recycling has evolved beyond waste-management business. Our objective is to build a technology-driven circular materials platform that can recover post-consumer and post-industrial waste, process it to consistent quality standards and return it to the economy as high-quality raw material”.
“Our focus will remain on technology, quality and scale as we expand beyond PET into other high-potential recycling streams.”
Rungta Greentech is also moving ahead with a new PET recycling facility with an input processing capacity of 10 tonnes per hour, which is expected to commence operations by October 2026.
The facility is being designed as a dark factory, with a high degree of automation, process control, data capture and real-time monitoring. The company expects the technology-led setup to improve throughput, product consistency and overall operational efficiency.
Beyond PET, the company is evaluating opportunities in textile-to-textile recycling, leveraging its existing capabilities in material collection, sorting, recovery and recycling.
The move comes as demand for recycled feedstock continues to grow across the textile and apparel value chain. Rungta Greentech aims to use the initiative to broaden its recycling portfolio and strengthen its position in the wider circular materials market.
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