Headquartered in Hyderabad, Banyan Nation is one of India’s first vertically integrated plastics recycling companies, pioneering circular economy in polyolefins (PE and PP) in the country. Through our world-class recycling facility and human-contact-safe primary packaging resins, we enabled several large multinational brands to make the transition from linear to circular manufacturing. Banyan Nation has developed a blueprint for circular plastic recycling – integrating with informal sector collectors and aggregators across India, leveraging proprietary technology, and partnering with leading brands, we have demonstrated that plastic recycling can be socially and environmentally responsible while being economically viable.
About Us
Problem-solving is in our DNA
Vision
To be the most innovative and trusted plastic recycler with the aim to democratize India’s recycling ecosystem.
Mission
To lead the way for plastic recycling with our state-of-the-art technology, circular supply chain, and ethical transparent practices. All to ensure the highest level of client trust, and product quality within a sustainable ecosystem.
Philosophy
Stay curious. Stay inspired.
2013
2014-2016
2017
2018
2019
2020
2021
2022
2023
2024
2013
Banyan Nation is incubated at Columbia Business School, and registered in India
2014-2016
Developed the blueprint for integrating in the informal waste workers through a data intelligence platform
2017
Breakthrough on cleaning technology for successful paint removal from auto components and production of Tata Motors bumpers made from recycled plastic
2018
Banyan becomes the first Indian company to win at the Circulars Awards at the World Economic Forum at Davos
2019
Signed multi-year contracts with Unilever and Reckitt.
Raised Series A to build world class recycling facility in Hyderabad to commercially sell PCR to brands.
Raised Series A to build world class recycling facility in Hyderabad to commercially sell PCR to brands.
2020
Unilever and Reckitt certify plant and PCR for commercial supply and launch Surf Excel, Comfort, Tresemme, Sunsilk, Harpic, Dettol using 10%-30% Banyan’s PCR in bottles
2021
Various innovations to enhance PCR quality such as color stability, polymeric property consistency
2022
Wins Economic Times Social Enterprise of the Year Award and CleanTech Forum Asia Top 25 Award
2023
1 Billion bottles on the shelf using recycled plastics.
Raises Series B to expand capacity to 50,000 TPA by 2025.
Raises Series B to expand capacity to 50,000 TPA by 2025.
2024
1.5 billion bottles on store shelves – took a decade to the first billion,
1 year for the next half a billion
1 year for the next half a billion
Mani Vajipeyajula
Co-Founder & Chief Executive Officer
Prior to Banyan Nation, Mani Vajipeyajula was with Qualcomm Inc., in California working on mobile technologies for Apple iPad and iPhone product lines. Mani holds dual MBAs from UC Berkeley (Haas) and Columbia Business Schools; an MS Electrical Engineering Degree from University of Delaware; BTech Electrical Engineering Degree from NIT, Warangal.
Rajkiran Madangopal
Co-Founder & Chief Operating Officer
Prior to Banyan Nation, Raj Madangopal worked at Voltari Corp. where he built teams, designed technical solutions, and drove customer experience for mobile products and services for clients across North America and APAC. Raj holds an MS degree in Mechanical Engineering from the University of Delaware and a BE degree from PES University, Bangalore.
Rashi Agrawal
Director, Sales and Business Development
Prior to Banyan Nation, Rashi Agrawal worked with Impact Investment Exchange, Intellecap (Impact Investing); Campbell Alliance (Healthcare Strategy Consulting) and NERA (Financial Services Consulting). Rashi holds a BS in Electrical Engineering and BA Economics (dual major) from the University of California, Irvine and an MBA from Columbia Business School.
Venkata Krishna Vaka
Director, Supply Chain
Prior to Banyan Nation, Venkata Krishna Vaka was at SKS Microfinance, where he worked with Vikram Akula on strategy and new initiatives for non-financial products targeting the bottom of the pyramid. Venkat holds a PGPABM degree from IIM Ahmedabad and a BSc in Agriculture from Acharya N G Ranga Agricultural University, Hyderabad.
- 120,000 sq ft state-of-the-art recycling facility in Hyderabad, India
- REACH and CONEG certified materials
- Eliminates over 98% of contaminants
- Water Neutral
Ready to transform your packaging?
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