Circulate Capital Invests $9.5M in JC Global for India Green Push

Global investment firm Circulate Capital has acquired a significant minority stake in Coimbatore-based plastic recycler Jayachandran Global Refineries (JC Global) with a USD 9.5 million infusion.

This transaction marks Circulate Capital’s eighth investment in India and serves as the inaugural South Asian deployment from its USD 300 million Asia Fund II. Currently operating a single facility that processes automotive and large appliance plastic waste into high-grade materials for electronics, JC Global will use the capital to scale significantly. The company plans to deploy a multi-plant recycling network, expand its annual capacity to 100,000 tonnes, and curb over 190,000 tonnes of CO2e emissions annually. Additionally, the partnership will formalize and strengthen responsible sourcing, supply chain traceability, and livelihood opportunities for informal waste workers.

News by Rahul Yelligetti.