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Sustainability is the future, and Aecoz Bioware is leading the way in eco-friendly packaging solutions. Founded five years ago, the company has made remarkable progress in the MSME sector, expanding its reach from India to international markets like the UK. In this exclusive interview, Co-founder Dhanvita Sathyanand shares insights into the company journey, challenges, government support, and ambitious plans for the future. From tackling the plastic ban challenge to generating crores in revenue, Aecoz Bioware is proving that innovation and sustainability can go hand in hand.
How is Aecoz Bioware moving forward in the MSME sector, and how are you taking the company forward?
Dhanvita Sathyanand : We started Aecoz Bioware 5 years ago, and we have been making steady progress in the MSME sector. This year, we expanded our business to London, UK, while continuing to manufacture in India. We take pride in selling 'Made in India' products globally, helping to strengthen the MSME sector through our efforts.
What kind of products does Aecoz Bioware manufacture?
Dhanvita Sathyanand: We manufacture eco-friendly products, specifically take-away containers for food packaging. Our goal is to provide sustainable alternatives to plastic packaging.
What inspired you to start this business?
Dhanvita Sathyanand: In 2019, when the Government of India announced its plan to impose a plastic ban, there were no suitable alternatives for food container packaging. Recognizing this gap, we decided to create bio-aggregate eco-friendly products. Our mission was to develop these products in India and expand globally, fulfilling an urgent market need.
How has your journey been in the last five years?
Dhanvita Sathyanand: Over the past five years, we have collaborated with major brands and expanded our export business. Our commitment to quality and sustainability has helped us build a strong presence in the industry.
How is the government supporting your MSME business?
Dhanvita Sathyanand :The government has been very supportive, especially in terms of financial assistance. We secured an MSME loan, which enabled us to invest in additional machinery to scale up production. This financial backing has been crucial in our expansion.
What has been your revenue growth so far?
Dhanvita Sathyanand : Last year, we achieved a revenue of ₹5.25 crores, and this year, we aim to reach ₹6.5 crores. Since our inception, we have already crossed ₹10 crores in total business revenue.
What are your future plans for Aecoz Bioware ?
Dhanvita Sathyanand : Our vision is to make 'Make in India' products available worldwide. We plan to expand our reach further while continuing to provide employment opportunities in India. Our ultimate goal is to see our sustainable packaging solutions being used across the globe.
Conclusion
Aecoz Bioware is not only revolutionizing the sustainable packaging industry but also playing a vital role in strengthening the MSME sector. With a strong commitment to innovation and global expansion, the company is set to achieve remarkable milestones in the coming years. As the demand for sustainable alternatives rises, the company remains dedicated to driving change and making a positive impact on the environment and the MSME sector.
