Ricron Panels | Recycled Plastic Building Materials

Ricron Panels | Recycled Plastic Building Materials

Upcycling & Circular Materials

Sustainable Development Goals

SDG 12 – Responsible Consumption and Production, SDG 13 – Climate Action, SDG 9 – Industry Innovation and Infrastructure

Company Overview

Ricron Panels is an Indian manufacturer that converts low-value multilayer plastic waste into boards, roofing sheets and related products for building, furniture and industrial use. The company trades under the name Deeya Panel Products and is based in Ankleshwar, Gujarat. It describes itself as a manufacturer and supplier of recycled building materials for business customers.

The company was founded in 2013 by Rahul Chaudhary and Radhika Chaudhary, who serve as directors. It is family run and works with multilayer plastics, such as snack and confectionery wrappers, that conventional recycling streams generally do not process. A patented process turns this waste into rigid, recyclable materials positioned as alternatives to plywood, MDF, cement sheets and metal roofing.

Milestones include the WWF Climate Solver Award in 2019 and being reported as the first company in India to generate an Extended Producer Responsibility credit. Manufacturing takes place at two plants, and the company has publicly stated a target of raising output to 2,000 tonnes per month.

Why These SDGs Matter

SDG 12 is the closest fit. Ricron converts multilayer plastic packaging waste, a category that conventional recycling handles poorly, into durable boards and sheets. This diverts material from landfill and incineration and replaces virgin wood-based and cement-based products.

SDG 13 applies because company and press materials describe the products as carbon-negative and link the emissions benefit to avoiding plastic incineration and substituting plywood and metal. The WWF Climate Solver Award in 2019 gives this alignment an external reference point.

SDG 9 is relevant because the company runs industrial plants built around a patented recycling process. It supplies materials for construction, roofing and industrial flooring. These serve infrastructure that must withstand moisture, corrosion and termites while using recycled inputs.

Products & Services
  • Plain recycled panels and sheets as plywood and MDF alternatives
  • Eco-Roof sheets for domestic, industrial and commercial roofing
  • Shuttering boards for concrete formwork in construction
  • Doors and wall partitions from recycled plastic panels
  • Storage pallets made from recycled multilayer plastic
  • Furniture, kitchen and countertop boards for interiors
  • Acid-resistant flooring panels for industrial facilities
  • Custom benches and fabricated items for brand partners
Business Challenges Solved
  • Plywood shuttering that rots after repeated water exposure on construction sites
  • Wood-based furniture and storage that adds to deforestation pressure
  • Multilayer packaging waste that conventional recycling does not handle
  • Water seepage, fungal growth and cladding damage in basements and parking structures
  • Salt and moisture corrosion of roofing in coastal and island locations
  • Acid-related flooring corrosion in industrial repair facilities
  • High material cost of temporary and worker housing
  • Termite and moisture damage in wooden boards used for interiors
Approach & Methodology

Ricron's model starts with sourcing multilayer plastic waste, including material gathered through the informal waste collection sector and packaging waste from brand partners. In one documented programme, Nestlé India commissioned benches made from KitKat wrapper waste.

The collected plastic is cleaned, shredded, melted and blended into a uniform feedstock. This feedstock is molded under controlled heat and pressure into panels and roofing sheets. The company describes its panels as made from regenerated aluminum and plastic, which reflects the laminated structure of multilayer packaging. The process is patented, and its finished products are described as fully recyclable.

The output is engineered to replace conventional materials in specific uses. Company documents highlight water resistance, fire retardance, heat resistance, termite resistance and nail and screw holding strength compared with plywood and MDF. The panels are supplied in forms that fit existing construction and fabrication workflows, from formwork to furniture boards.

Quality and environmental management are supported by ISO 9001, ISO 14001 and ISO 45001 certifications and the Global Recycled Standard, as listed by the company. Demand is generated through project work with developers, contractors and consumer brands, with panels supplied against technical requirements and quotations.

Market Position

Ricron operates in the recycled-plastic building and furniture materials segment. Its products target uses where plywood, MDF, cement sheets and metal roofing are common, including formwork, partitions, roofing, pallets and interior furnishing.

Named customers and project partners include L&T, Tata Projects, DLF, Maruti Suzuki, RMZ, Asian Paints SLEEK, Decathlon, Nestlé, Indian Railways and Soneva Fushi, indicating a mix of developers, contractors, consumer brands, hospitality operators and public-sector users.

Comparable recycled-plastic building material makers listed by data providers include Tangent Technologies, Ecoplastile and RecycleX. Ricron's stated differentiation is a patented process that handles multilayer plastics, together with early generation of an EPR credit in India.

Procurement Considerations
  • Request current certificates and scope statements for ISO 9001, 14001, 45001 and GRS before contracting
  • Ask for technical data sheets covering fire rating, load capacity and moisture performance for the intended use
  • Confirm sheet dimensions, thickness and fixing methods against existing fabrication and installation practice
  • Verify the basis of lifecycle and carbon figures, and request third-party assessments where available
  • Check available volumes and lead times from the Ankleshwar and Bhopal plants against project schedules
  • Compare total lifecycle cost against plywood, MDF or metal, including replacement frequency
  • Discuss EPR documentation if the material supports packaging recovery obligations
Funding, Recognition & Ecosystem
  • Series A round in July 2024, led by Boon Sustainable Technologies, amount undisclosed
  • Series A participants included Harsh Mohunta of Classic Display Systems and Dinesh Babbar, former President of Infra.Market
  • Investment from Circulate Capital to expand production capacity and strengthen multilayer plastic collection
  • Member of Marico Innovation Foundation’s no-equity Scale-Up accelerator since 2022, with mentoring from Marico and JSW Steel leaders
  • Featured in Marico Innovation Foundation’s 2023 report “Innovation in Plastics”
  • WWF Climate Solver Award, 2019
  • Awards listed by the company: Nestlé CSV Prize, HDFC Proptech Innovators Award, United Nations WE SDG, CII GreenPro Award and Alliance Prize
Natnavi Analysis

Ricron addresses a specific gap in India's plastic waste system: multilayer packaging, which is widely generated but difficult to recycle by conventional methods. By turning it into rigid building boards, the company gives this waste stream a durable end use and offers construction and furniture buyers a substitute for wood-based products.

Its strengths include a patented process, operating plants in two states, a customer list that spans developers, consumer brands and public-sector users, and backing from an established industrial investor group. Early EPR credit generation also positions the company well as packaging producers face growing recovery obligations.

Scale is the main variable to watch. Publicly stated capacity targets are ambitious relative to the current two-plant footprint, and expansion will determine how far the company can serve large infrastructure programmes. Carbon-negative and lifecycle figures come from company and press sources, so procurement teams should request supporting assessments for their own reporting.

Overall, Ricron is a credible example of waste-to-material circularity in the Indian building sector, and its progress is worth tracking as EPR frameworks mature.

Sources & References
Website
Founded: 2013
Company Stage: Startup
Headquarters
Ankleshwar, Gujarat, India
Geographic Presence
Ricron manufactures at plants in Ankleshwar, Gujarat and Bhopal, Madhya Pradesh, and plans to add at least four more Indian locations over five years. Projects span Indian cities including Mumbai, Bengaluru, Delhi, Surat, Mysuru and Guwahati, and Nestlé benches reached more than 50 cities. Overseas work includes Dubai and the Maldives, with press reports also citing projects in the USA, UK, South Africa, Italy, Indonesia and Nepal.
Solution Type
Manufacturer
Sustainability Outcomes
Carbon Reduction, Circular Economy, Resource Efficiency, Waste Reduction
Industries Served
Commercial Buildings, Construction & Real Estate, Government & Public Sector, Hospitality & Tourism, Manufacturing, Retail & Consumer Goods
Certifications: Global Recycled Standard, ISO 14001, ISO 45001, ISO 9001
Last Reviewed: September 28, 2026

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