Ricron Panels

Ricron Panels

Creating value from plastic waste

Founded 2013 India

Ankleshwar, India 27 employees Series A Manufacturing

Ricron Panels is a manufacturing startup based in Ankaleshwar, Gujarat, India, focused on creating value from plastic waste. The company, operating as Ricron Panels-Deeya Panel Products, is a family-run recycling business that specializes in converting low value plastic waste into sustainable materials for furniture, building, and construction applications, thus contributing to the advancement of the circular economy in India and globally. Ricron Panels has gained recognition for its innovative proprietary process, which transforms low value and difficult-to-recycle multi-layer plastic waste into high-quality recycled materials. These materials serve as alternatives to traditional building materials such as plywood, offering superior performance, cost-effectiveness, and extended utility in the construction industry. The company's emphasis on quality is evident in its waterproof, heat-resistant, and fire-retardant materials. Notably, Ricron Panels is certified as a zero-waste discharge company and has been honored with the prestigious Green Pro Certification Award by the Confederation of Indian Industry. In 2013, Ricron Panels was founded with a mission to not only deliver sustainable products for responsible consumption but also to prioritize the well-being of its employees and partners. The company's commitment to employee welfare and environmental stewardship aligns with its dedication to cleaning up the environment through plastic waste recycling. The most recent milestone for Ricron Panels occurred on 09 July 2024, through a Series A investment, in which the company secured funding from a group of notable investors, including Circulate Capital, Renuka Sharma, Venkatesh Srinivasan, Harsh Mohunta, Dinesh Babbar, Boon, and Kaushik Rajan. This injection of capital is a testament to the company's potential and the investors' confidence in its sustainable business model and environmental impact. With its innovative approach and strong support from investors, Ricron Panels is carving a niche in the circular economy landscape and is poised for significant growth and influence in the manufacturing industry.

Funding Stage	Amount	Investors	Lead Investors	Date
Series A	Undisclosed	7	Circulate Capital, Renuka Sharma +5	09 Jul 2024

Funding Stage

Amount

Investors

Lead Investors

Date

Series A

Undisclosed

Circulate Capital, Renuka Sharma +5

09 Jul 2024

FAQ About Ricron Panels

Creating value from plastic waste

Ricron Panels was founded in 2013.

Ricron Panels is headquartered in Ankleshwar, India.

Ricron Panels operates in Manufacturing. Its work centres on recycling, plastic waste, sustainable materials and circular economy.

Ricron Panels has approximately 27 employees.

Ricron Panels has completed 1 funding round. The latest funding stage is Series A.

Top alternatives and competitors to Ricron Panels include Greenful Group, RECO2 - Materiali edili sostenibili, MINIWIZ, Micronipol becomes Veolia, ByFusion. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Ricron Panels and Greenful Group are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

General Information

Discover More

About Ricron Panels

Funding Rounds & Investors (1)

Ricron Panels Alternatives & Competitors

FAQ About Ricron Panels