360 ONE Asset and Co-Investors Inject Fresh Growth Capital Into Rungta Greentech

Rungta Greentech has raised its second round of growth capital from an alternative investment fund managed by 360 ONE Asset and a group of co-investors, securing fresh funding to expand its recycled-plastics operations and build capabilities in textile-to-textile recycling.

The investment marks the latest institutional capital infusion into the recycling company after an earlier funding round led by Ratnabali Group and other co-investors.

Rungta Greentech plans to deploy the new capital across its food-grade recycled PET, recycled HDPE and polypropylene businesses, while investing in additional processing capacity, advanced recycling technology and new material-recovery capabilities.

The company is also preparing a highly automated PET recycling facility with an input processing capacity of 10 tonnes per hour, which is expected to begin operations in October 2026.

Financial terms of the latest investment, including the amount raised and valuation of Rungta Greentech, have not been publicly disclosed.

360 ONE Asset Backs Rungta Greentech's Second Funding Round

The latest investment was announced on September 8, 2026.

An AIF managed by Mumbai-based 360 ONE Asset participated alongside a select group of co-investors.

The transaction represents Rungta Greentech's:

second institutional investment round.

Its first round was led by Ratnabali Group along with other investors and helped finance the company's transition from a conventional PET recycling operation toward a broader circular-materials platform.

The second round is intended to accelerate that transformation.

Investment Amount Has Not Been Disclosed

Neither Rungta Greentech nor the investors disclosed the size of the latest capital infusion.

The company's valuation following the transaction was also not announced.

The investment should therefore be characterised as a fresh growth-capital round rather than assigned an estimated transaction value.

What has been disclosed is the planned use of the capital, with Rungta Greentech identifying capacity expansion, technology and diversification into additional recycling streams as its primary priorities.

Capital Will Expand Food-Grade Recycled PET Business

A significant part of Rungta Greentech's expansion remains centred on:

recycled polyethylene terephthalate, or rPET.

PET is extensively used in packaging, particularly beverage bottles and other consumer products.

Recycling post-consumer PET allows recovered material to be processed and returned to manufacturing supply chains rather than being discarded or directed toward lower-value applications.

Food-grade rPET requires particularly high standards of:

collection,

sorting,

cleaning,

processing,

quality control,

and contamination management.

Rungta Greentech is investing in technology intended to improve the consistency and quality of recycled material produced at scale.

Rungta Greentech Expands Beyond PET

The company's growth strategy is not limited to PET.

The new funding will also support expansion in:

recycled high-density polyethylene, or HDPE,

and:

polypropylene, or PP.

Both polymers are widely used across packaging and industrial applications.

Expanding into these materials gives Rungta Greentech an opportunity to diversify its revenue base while building a broader recycling platform capable of processing multiple post-consumer and post-industrial waste streams.

Textile-to-Textile Recycling Becomes New Growth Area

Rungta Greentech is also evaluating opportunities in:

textile-to-textile recycling.

The company plans to use its existing experience in material collection, sorting, recovery and processing to enter the textile circularity market.

Textile-to-textile recycling involves recovering usable fibres or raw materials from discarded textiles and returning them to apparel or textile manufacturing.

The model differs from traditional disposal or downcycling because the objective is to preserve more of the material's economic value and potentially reduce dependence on virgin feedstock.

New Capital Will Support Technology Investment

Technology is a central component of Rungta Greentech's expansion strategy.

The company plans to use the fresh capital to invest in:

advanced processing systems,

automation,

capacity expansion,

data-driven monitoring,

and new material-recycling capabilities.

For recycling businesses, technology can directly influence the commercial value of output.

Higher-quality sorting and processing can produce more consistent recycled materials, potentially allowing those materials to be used in higher-value applications.

New PET Facility Targets October 2026 Start

One of the company's most significant near-term expansion projects is a new PET recycling facility.

The plant is expected to have an input processing capacity of:

10 tonnes per hour.

Operations are targeted to commence in:

October 2026.

The facility is being designed with a high level of automation and is intended to operate using a model Rungta Greentech describes as a:

dark factory.

The term refers to a manufacturing environment in which extensive automation reduces the need for continuous manual intervention across core production processes.

Automation Is Central to New Recycling Plant

The new facility is being developed around:

process automation,

real-time monitoring,

data capture,

and tighter production control.

Rungta Greentech expects this approach to improve:

throughput,

material consistency,

operational efficiency,

and process visibility.

These factors can be particularly important in recycling because incoming waste streams are inherently less uniform than virgin industrial raw materials.

A highly automated facility can help standardise processing despite variations in incoming material.

Rungta Greentech Wants to Build a Circular-Materials Platform

The company's strategic ambition extends beyond operating individual recycling plants.

Chairman and Managing Director Deepak Rungta has positioned the business as a technology-driven:

circular-materials platform.

The objective is to collect and recover post-consumer and post-industrial waste, process it to consistent quality standards and return it to the economy as usable raw material.

This approach shifts the business proposition from simply managing waste toward manufacturing secondary raw materials.

First Funding Round Supported Business Transformation

Rungta Greentech's earlier investment round played an important role in this transition.

The first round, led by Ratnabali Group and other co-investors, supported the company's move from a conventional PET recycling operation toward a more integrated recycling platform.

The business increasingly focused on:

higher-value recycled materials,

advanced processing,

and technology-led manufacturing.

The latest funding round is designed to accelerate that strategy rather than initiate it.

Second Investment Validates Expansion Strategy

Deepak Rungta has described the second funding round as validation of the progress made since the company's initial institutional capital raise.

The first investment provided resources to accelerate the company's transformation, while the new 360 ONE Asset-led participation gives Rungta Greentech additional capital for the next stage of expansion.

The company has also emphasised that it views its investors as long-term partners in developing the platform.

Recycling Is Moving Beyond Waste Management

The investment reflects a broader shift in the economics of recycling.

Historically, recycling was often viewed mainly as part of:

waste collection

and:

waste management.

Increasingly, companies and investors are treating high-quality recycling as part of the industrial materials supply chain.

The commercial objective is not merely to dispose of waste more responsibly but to recover materials capable of substituting for virgin raw materials in manufacturing.

That transition can increase the economic value of advanced recycling businesses.

Regulatory Requirements Support Recycled-Material Demand

India's evolving waste-management and extended producer responsibility framework is also increasing attention on recycled materials.

Producers and brand owners face greater responsibility for the post-consumer lifecycle of packaging and other products.

At the same time, recycled-content requirements can create additional demand for reliable supplies of processed secondary material.

For recyclers, this increases the importance of producing material that meets consistent industrial quality specifications rather than simply processing larger volumes of waste.

Food-Grade rPET Requires Higher Processing Standards

Food-grade recycled PET represents a particularly demanding segment.

Material intended for food-contact applications needs to meet higher standards than recycled plastic used in many lower-value industrial products.

The recycling process therefore needs robust controls around:

feedstock quality,

contamination,

washing,

decontamination,

and final material specifications.

Companies capable of producing food-grade material can potentially participate in higher-value segments of the recycling chain.

This helps explain why Rungta Greentech is directing capital toward technology and process control.

HDPE and PP Diversification Broadens Addressable Market

Moving into recycled HDPE and PP also reduces reliance on a single polymer category.

HDPE is commonly found in applications such as containers, bottles and industrial packaging, while polypropylene has broad uses across packaging, consumer products and manufacturing.

Developing recycling capabilities across these polymers could allow Rungta Greentech to serve a wider group of customers and process a broader range of waste.

The strategy is consistent with the company's ambition to become a multi-material circularity platform.

Textile Recycling Could Create Another Growth Vertical

Textile recycling represents a more exploratory component of the company's expansion.

India has one of the world's largest textile and apparel industries, creating substantial volumes of both:

pre-consumer waste

and:

post-consumer textile waste.

Building efficient textile-to-textile recycling systems requires capabilities in collection, fibre identification, sorting and material recovery.

Rungta Greentech believes its existing recycling expertise can provide a foundation for entering this segment.

Growth Capital Reflects Investor Interest in Circular Economy

The participation of 360 ONE Asset and co-investors also reflects growing institutional interest in businesses linked to:

resource efficiency,

recycling,

and circular manufacturing.

Unlike some sustainability investments dependent primarily on future technologies, established recycling businesses can combine environmental outcomes with conventional industrial revenue models.

Investors can therefore evaluate them through familiar metrics such as:

capacity,

utilisation,

margins,

customer demand,

capital efficiency,

and cash generation.

The sustainability thesis sits alongside the underlying manufacturing economics.

360 ONE Asset Brings Institutional Capital

360 ONE Asset operates within the broader 360 ONE financial-services group and manages alternative investment strategies across multiple asset classes.

Its participation provides Rungta Greentech with an institutional investor as the company enters a more capital-intensive expansion phase.

Recycling infrastructure can require substantial investment in:

processing equipment,

automation,

quality-control systems,

and capacity.

Growth capital can help fund that expansion without forcing the company to rely entirely on internal cash generation or debt.

Expansion Must Translate Capacity Into Utilisation

The new funding strengthens Rungta Greentech's ability to add processing capacity, but the commercial outcome will depend on how effectively that capacity is utilised.

Recycling economics can be influenced by:

availability of waste feedstock,

collection costs,

virgin polymer prices,

recycled-material demand,

energy costs,

and customer specifications.

New plants therefore need both reliable input supply and consistent demand for their finished recycled material.

Technology can improve processing economics, but it does not eliminate these market variables.

Quality Could Become Key Competitive Differentiator

As recycled-content requirements increase, manufacturers need dependable material rather than simply recycled material.

This makes consistency an important competitive advantage.

Large consumer and industrial companies generally require raw materials that meet defined specifications across repeated production runs.

Recyclers capable of delivering reliable quality at scale can potentially establish stronger customer relationships and command greater relevance within supply chains.

Rungta Greentech's investment in automation and process monitoring appears designed around this requirement.

Circular Materials Can Become Industrial Feedstock

The larger opportunity behind Rungta Greentech's strategy is the transition of recycling from a waste-management activity into an industrial feedstock business.

If recovered PET, HDPE, PP and textile materials can be processed to consistent specifications, they can re-enter manufacturing supply chains as inputs for new products.

This creates a more circular flow of materials and potentially reduces dependence on virgin resources.

The company's latest funding is intended to expand precisely this capability.

Conclusion

Rungta Greentech's second growth-capital round, backed by an AIF managed by 360 ONE Asset and a group of co-investors, provides the recycling company with fresh resources to accelerate its transition into a broader circular-materials platform.

The investment follows an earlier round led by Ratnabali Group and other co-investors and will support expansion across food-grade rPET, recycled HDPE and PP, alongside investments in technology, additional processing capacity and new recycling capabilities.

Rungta Greentech is also exploring textile-to-textile recycling, extending its strategy beyond plastics into another potentially significant circular-materials segment.

A major near-term milestone will be its new automated PET recycling facility, which is expected to begin operations in October 2026 with input processing capacity of 10 tonnes per hour.

The size and valuation of the latest funding round have not been disclosed, making the strategic use of the capital more important than the transaction value itself. For Rungta Greentech, the next phase will depend on translating institutional funding and additional capacity into consistent recycled-material quality, strong utilisation and scalable commercial demand.