Divyadhan Recycling Industries is a textile manufacturer that turns used plastic bottles into industrial fibre - a business built entirely on the circular economy. The company was founded by textiles-industry executives who acquired a manufacturing facility in 2016 and, two years later, pivoted the plant to produce recycled polyester staple fibre. Everything the company does flows from a single, recurring approach: take post-consumer PET waste, process it into high-grade raw material in-house, and spin it into premium fibre products that command a price premium for their consistency. # Business segments A single-engine business - one integrated plant that takes waste bottles in one end and ships recycled polyester fibre and yarn out the other. ## 1. Recycled polyester fibre: a bottle-to-textile mill **The company buys discarded PET bottles, chops and washes them into clean flakes in its own facility, then melts and extrudes those flakes into staple fibre and yarn - controlling every step from waste collection to finished textile input.** - **Bottles become fibre, with no middlemen** - DRIL collects and segregates post-consumer PET waste, processes it into recycled PET (rPET) flakes, and then manufactures those flakes into recycled polyester staple fibre (RPSF) and yarn, all within a single manufacturing site at Baddi, Himachal Pradesh. - **A washline that was built, then rebuilt** - the company acquired its plant in 2016, began fibre production in 2018, upgraded its rPET flake washline to 20 metric tonnes per day capacity in 2020, and added automatic sorters for a further quality upgrade in 2021. In 2023, it added a recycled PET chips factory, deepening its upstream integration. - **Premium pricing through uniformity** - DRIL has positioned itself as the premium Indian supplier for fibre-fill and carpet-yarn applications, with its products commanding a significant price premium because the company invests heavily in uniform product quality and responsiveness to customer specifications. - **A catalogue built for specific end-uses** - the product range is organised by application rather than just by material grade: spinning fibre for textile mills, carpet yarns in multiple deniers and cross-sections, non-woven fibre, hollow conjugated filling fibre for cushions and bedding, and geotextile grades. A recent work order for 10 metric tonnes of hollow conjugated fibre illustrates the made-to-order nature of the business. - **Research happens on the factory floor** - the company’s R&D centre sits at the same Baddi address as its manufacturing facility, so process improvements and product development are tied directly to the production line. # Group structure and partners **A standalone, promoter-led company with no subsidiaries or joint ventures, listed on the NSE SME exchange.** - The company has no subsidiary, associate, or joint venture - it is a single legal entity with a single operating plant. - The board is led by Managing Director Varun Gupta and Executive Director & CFO Pratik Pramod Gupta, alongside three non-executive directors. - DRIL listed its equity shares on the NSE-SME exchange on 4 October 2024, following an initial public offer. - The company has issued preferential warrants to a group of identified allottees, including members of the promoter family.