Pashupati Polytex Private Limited

Pashupati Polytex is one of India’s leading plastic recycling and sustainable materials companies, with a strong presence in PET recycling, polyester staple fibre (PSF), PET chips, and polyolefin granules. It has built an integrated platform to collect and upcycle post-consumer plastic waste into high-quality raw materials for packaging, textiles, and industrial use. Backed by marquee investors such as Ashish Kacholia and QRG Investments, the company has strengthened its balance sheet, reduced debt, and expanded through acquisitions like Kundana Technotex. With FY25 revenue of ₹623 Cr, EBITDA margin of ~10%, and exports growing 48% YoY, Pashupati is well-positioned to benefit from regulatory tailwinds mandating recycled content, global partnerships with majors like SABIC and Borouge, and upcoming capacity expansion, paving the way for a potential IPO and long-term growth in the sustainable materials sector.