Swarnakaruna Princeton Rubber Industries Private Limited, founded by Mrs. Swarnalatha Nethipudi, has established an automated rubber recycling plant in Visakhapatnam, Andhra Pradesh. The company recycles more than two lakh waste tyres into high-quality crumb rubber powder, generating employment opportunities for local communities and promoting environmentally sustainable waste management practices.
Swarnakaruna Princeton Rubber Industries Private Limited, a company based in Visakhapatnam, Andhra Pradesh, is an inspiring example of the transformative impact of institutional support on Scheduled Caste entrepreneurs. Founded by Mrs. Swarnalatha Nethipudi, a first-generation Scheduled Caste woman entrepreneur, the company has established an automated rubber recycling plant with the support of the Venture Capital Fund for Scheduled Castes (VCF-SC) under the Ministry of Social Justice and Empowerment. The enterprise recycles more than two lakh waste tyres, generating employment opportunities for local communities.
The financial assistance enabled the company to establish advanced crumb rubber manufacturing infrastructure. Swarnakaruna Princeton Rubber Industries has an installed production capacity of approximately 6,000 metric tonnes per annum, producing high-quality crumb rubber powder ranging from 10 mesh to 40 mesh. The environmentally sustainable project addresses the challenge of waste tyre disposal while promoting a circular economy through the production of value-added industrial raw materials.
The support from VCF-SC also enabled the enterprise to secure a second round of funding from SIDBI, further strengthening its growth trajectory. The company has developed strong industrial linkages with reputed companies, including Birla Tyres Limited, enhancing its market reach and long-term sustainability.
Today, the enterprise has generated direct employment for 5 Scheduled Caste employees and 10 non-Scheduled Caste employees. It has created assets worth approximately INR 26 crore. The project has emerged as a model of environmentally responsible industrial development by converting waste into valuable industrial products while creating livelihoods and promoting sustainable manufacturing practices.
Source:
Press Information Bureau
