Founded in 2016 by Rahul Nainani & Gurashish Singh Sahni, ReCircle is a resource recovery clean-tech innovator working towards a circular future. ReCircle empowers consumers and brands to divert waste away from landfills & oceans, back into the economy to be recycled, reused or repurposed. Headquartered in Mumbai, ReCircle has diverted over 1,05,000+ MT (equivalent to the weight of 17,500 elephants) of waste from oceans and landfills across 270 cities & towns in India with the help of 45+ processing partners who have a pan-India network of 350+ collection partners and impacted over 3100 livelihoods (Safai Saathis). As a technology-enabled enterprise, ReCircle enables transparency, traceability and accountability in the resource value chain to promote sustainable production and consumption of resources. To achieve its mission, ReCircle has instituted flagship initiatives such as, ClimaOne, Plastic EPR Service, Plastic-Neutral programs and ground-level community collection drives.

1. Profiling of
Implementing
Organization
AVPN WASH Study

2. The mismanagement that arises from plastic waste management is fragmentation,
lack of transparency, and traceability in the collection-to-processing chain,
inadequate support for informal waste workers, and the absence of inclusive
employment and basic rights. Notably, 3-4 million individuals rely on scavenging
waste from landfills and dumpsites for their livelihoods, facing an unfortunate
absence of job security, fair compensation, and dignity. Addressing these issues is
paramount to establishing a circular economy and ensuring the sustainability of the
plastic waste management ecosystem.
THE PROBLEM
ReCircle is a CleanTech waste management organisation that works to prevent valuable
resources from ending up in landfills and oceans. We do this by partnering with
government bodies, brands, and the informal waste sector. We enable businesses to take
action to stop plastic pollution & meet Sustainable Development Goals by supporting with
multiple of our services including our Technology platform, ClimaOne that connects all
these stakeholders.
COMPANY OVERVIEW – PRODUCTS AND SERVICES
Our business model is inclusive and asset-light and is committed to ethical circularity. We
enlist the help of local waste collectors across India to formalise their operations. The
collected waste undergoes recycling and is monitored using advanced technology.
Subsequently, the recycled material is transformed into plastic credits, which are sold to
businesses. A part of the revenue generated from the sales of plastic credits is then passed
on to the waste workers to provide them with better incomes. Alongside this, we formalise
the sector by providing dignified working conditions, access to social security, and
government schemes.
BUSINESS MODEL AND REVENUE MODEL
• In 2023 we have signed a Shareholder Agreement with Investors namely - Acumen
Inc, 3i Partners and Flipkart. This is pre Series A Bridge Round.
• Before 2023 the company has largely been bootstrapped with funding from Founders
and one High Networth Investor.
INVESTMENTS
PARTNERSHIPS
• We have also received grants from global organizations like GSMA & UK Aid, Alliance
to End Plastic Waste & The Incubation Network, UNDP India & Hindustan Unilever.
Established: 2015
Head office: Mumbai
Sector: CleanTech/Waste Management
Business Model: B2B
ReCircle
Recover. Recycle. Rethink

3. ReCircle
Recover. Recycle. Rethink
FINANCIALS – HISTORIC AND PROJECTIONS
Established: 2015
Head office: Mumbai
Sector: CleanTech/Waste Management
Business Model: B2B
Extended Producer Responsibility Services: We help Producers, Importers, and brand Owners manage their EPR compliances by selling plastic credits.
Plastic Neutral Program Services: Our plastic neutral program offers services to micro, small & medium-sized businesses aiming to offset their plastic
footprint voluntarily.
Trading of Scrap Materials: We actively engage in the trading of scrap materials. The sale of these materials forms a significant part of our revenue.
Material Recovery Facility (MRF): We own and operate our own MRF, collecting and segregating dry waste. This not only aids in waste management but also
generates income by selling segregated materials.
Zero Waste Events and Collections Drives: We organise zero waste events and collection drives in Mumbai, which serve as another source of revenue for
us.
KEY PROJECTS
With over 7+ years of experience, our projects have diverted 105,000+ MT of waste from oceans and landfills all the while allowing us to impact the lives of
3,100+ Safaai Sathis present in over 270+ cities across India.
IMPACT
We have been cash flow positive for the last 4 years with a ~10% EBITDA and a 100% growth YoY.
Revenues are expected to grow mainly on account of the following drivers of growth-
● Strong growth expected in EPR business as the company has several new clients on board and existing clients are expected to increase our revenue share
and business substantially.
● Developing and selling ethically recycled plastic products including recycled plastic granules, flakes, shirts and pants, bags and pellets.
● Growing and expanding the non-plastic recycled business including glass, textile etc
● Setting up a pilot recycling unit for plastic waste

4. APPENDIX
● Rahul Nainani, CEO- Having cleared all 3 levels of the CFA program, is responsible for implementing strategy,
branding, business development, finance, and fundraising at ReCircle.
● Gurashish Singh Sahni, COO- Having passion for creating a positive environmental and social impact through
innovative waste management and recycling solutions.
● Address: A-03, Juhu Ruturaj CHS, Juhu Tara Rd, opp. SNDT college, Santacruz West, Mumbai, Maharashtra 400049
● Phone/Mobile: +91 9004240004
● Website: https://recircle.in/
TEAM AND CONTACT DETAILS

5. Core team
Manish Madhu
Mumbai Operations
Manager
Been with the team for 5
years, increased
processing capacity at
MRF from 8 to 150 Tons
Per Month.
Images linked to Linkedin Profile
Advisors
Nishant Dugar
EPR Management
Bachelor's in business
administration.
Founder of Ecyclear
(E-waste PRO).
Rahul Nainani
Co-founder & CEO
BW Young Entrepreneur
Graduation in Accounting
& Finance and Cleared all
3 level of CFA.
Gurashish Sahni
Co-founder & COO
TedX Speaker
Graduation in Management
Studies & Masters in
Commerce. TedX Speaker.
Supriya Suvarna
Senior HR Business Partner
8+ Years experience in HR life
cycle.
NLP Practitioner, Mind Coach,
Edupreneur.
Nikki Gupta
Branding Consultant &
Lead Plastic Neutral
Brand(part time)
Bachelors in business
administration. Founding
member Svami Tonic and
ran Mia Cucina restaurant.
Rohit Lalwani
Business Strategy Advisor
Currently BD Lead Frog
design & Consultant at
Villgro.
Prabhjot Sodhi MBE
Industry Advisor
Ex-Head Circular Economy
UNDP India.
Girish Agarwal
People Happiness
Advisor
Ex-Head Director -
Incubation Un Ltd
India.
Nitin Jain
Head of Finance
Partner & Head
Investment Banker CFO
Bridge
Kathiravan Muthaiah
Technology Advisor
Ex AVP Citi Bank
Co-Founder Mikcore
Technologies