Ricron Panels

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.