Lucro Plastecycle Private Limited
"Recycling the hardest-to-recycle plastics to enable the circular economy." Lucro is an Indian recycling company that turns hard-to-manage used flexible plastic into high-quality recycled granules and products, and also makes CPCB-certified compostable carry bags.
ABOUT COMPANY
Lucro
Quick Facts
Phone
ABOUT COMPANY
Lucro
Lucro is a Mumbai-based waste-management and recycling company that works to build a circular economy for plastics. The company handles the full waste chain, from collecting used flexible plastic such as milk pouches and grocery wraps, to recycling it and making finished products.
It uses its own trademarked Plast-E-Cycle™ process to clean dirty waste and turn it into high-quality recycled granules for secondary and tertiary packaging.
Lucro was the first company in India to earn Ocean Bound Plastic (OBP) certification for flexible-plastic recycling.
Alongside its recycled products, it also makes CPCB-certified compostable carry bags.
In March 2025, Hindustan Unilever (HUL) bought a 14.3% stake in the company to strengthen plastic recycling in India.
Key things buyers should know
- Backed by major names. HUL holds a 14.3% stake, and Lucro was the first Indian company funded by the Circulate Capital Ocean Fund. This points to strong financial backing and supply reliability.
- Trusted by big brands. Its clients include HUL, Dow, Marico, Coca-Cola, Dabur, Nestlé, Mondelez, Pidilite, Castrol and ICICI Bank.
- Full traceability. Lucro uses its own “Satma CE” software and QR codes on every bale to track 100% of its material and process. This matters to brands that need proof of recycled content.
- First in India for Ocean Bound Plastic. This lets it supply certified recycled film to buyers around the world.
- Both recycled and compostable options. Buyers can get recycled granules and packaging, plus a compostable carry-bag option, from one supplier.
- Strong feedstock supply. Over 16 collection centres across India give it a steady, traceable supply of waste to recycle.
Quick Facts
Phone
hello@lucro.co.in
website
https://www.lucro.in
address
175, New Ashirwad Industrial Estate, Building No. 5, Ram Mandir Road, Goregaon (W), Mumbai, Maharashtra – 400104
PRODUCTS
- ♻️ Recycled Granules (Recycled Raw Material)
High-quality rLDPE, rHDPE and rPP granules made from used milk pouches, shampoo bottles and other post-consumer waste. - 📦 Recycled Flexible Packaging (Industrial Packaging)
A range of recycled products including shrink wraps, stretch wraps, polybags and bundling rolls for industrial use. - 🚗 Automotive Covers (Protective Covers)
Protective covers for the automotive industry, made with a high share of recycled content. - 🗑️ Garbage Bags (Waste Management Bags)
Eco-friendly waste bags, currently exported to markets including the US, UK and Germany. - 🧴 Primary Non-Food Packaging (FMCG Packaging)
Packaging for FMCG products, such as laundry-detergent packs used by global brands. - 🌿 Compostable Carry Bags (Compostable Bags)
CPCB-certified carry bags that give buyers a biodegradable alternative to single-use plastic.
High-quality rLDPE, rHDPE and rPP granules made from used milk pouches, shampoo bottles and other post-consumer waste.
A range of recycled products including shrink wraps, stretch wraps, polybags and bundling rolls for industrial use.
Protective covers for the automotive industry, made with a high share of recycled content.
Eco-friendly waste bags, currently exported to markets including the US, UK and Germany.
Packaging for FMCG products, such as laundry-detergent packs used by global brands.
CPCB-certified carry bags that give buyers a biodegradable alternative to single-use plastic.
PRODUCT TYPE
MATERIALS
CERTIFICATION
INDUSTRIES SERVED
STATE
CITY
CERTIFICATIONS & COMPLIANCE
Ocean Bound Plastic (OBP) Recycling — Issued by: Third-party certifiers.
Lucro was the first company in India to earn this for flexible-plastic recycling.
CPCB Compostable — Issued by: Central Pollution Control Board.
Allows the company to make compostable carry bags.
Global Recycle Standard (GRS) — Issued by: GRS certifiers.
Product-level proof that material comes from recycled waste.
SEDEX — Issued by: Supplier Ethical Data Exchange.
Covers the company’s ethical and social practices.
GRI Standards
Global Reporting Initiative standards
KEY CLIENTS & INDUSTRIES
- Key Clients: Hindustan Unilever (HUL), Dow, Marico, Coca-Cola, Dabur, Nestlé, Mondelez, Pidilite, Castrol and ICICI Bank.
- Notable Work:
- PCR Film with Dow: Worked with Dow to develop and launch post-consumer recycled film in India.
- Circular Packaging Alliance: A three-way alliance with Dow and Marico to bring circular packaging to consumer goods.
- HUL Investment: HUL acquired a 14.3% stake to help triple Lucro’s recycling capacity and secure supply.
- Satma CE Traceability: Built its own software to track 100% of material and process across the chain.
- Deposit Return System (Baramati): Ran a successful plastic-waste collection and community programme.
- PCR Film with Dow: Worked with Dow to develop and launch post-consumer recycled film in India.
- Circular Packaging Alliance: A three-way alliance with Dow and Marico to bring circular packaging to consumer goods.
- HUL Investment: HUL acquired a 14.3% stake to help triple Lucro’s recycling capacity and secure supply.
- Satma CE Traceability: Built its own software to track 100% of material and process across the chain.
- Deposit Return System (Baramati): Ran a successful plastic-waste collection and community programme.