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Here’s why an obscure waste-management firm in Chennai has attracted $4.1 billion 

Ram Charan’s technology promises to convert unsegregated waste into energy without leaving behind any toxic residue. In a country of 1.3 billion people, with mountains of unsegregated waste, that could be a game changer. US-based fund TFCC certainly thinks so

December 03, 2021 / 12:00 PM IST
Until a few days ago, nobody had heard of Ram Charan. So, the humongous investment into this obscure company, which has a capital base of just Rs 20 crore, is incomprehensible to many. Who are the people behind Ram Charan? What do they do? Chennai is abuzz with intense speculation. (Image: Shutterstock)

Until a few days ago, nobody had heard of Ram Charan. So, the humongous investment into this obscure company, which has a capital base of just Rs 20 crore, is incomprehensible to many. Who are the people behind Ram Charan? What do they do? Chennai is abuzz with intense speculation. (Image: Shutterstock)

Ram Charan Company, a little-known Chennai-based outfit headed by Kaushik Palicha, is suddenly making national headlines. A $4.1 billion investment by American fund TFCC International to pick up a 46 percent stake in the company has made everyone sit up and take notice of Chennai’s business world, which otherwise rarely attracts this level of attention.

Ram Charan has been able to attract this massive investment thanks to its technology, which promises to convert unsegregated waste into energy without leaving behind any toxic residue. In a country of 1.3 billion people, which produces massive amounts of waste every minute, most of it unsegregated, that could be a game changer.

Nevertheless, until a few days ago, nobody had heard of Ram Charan. So, the humongous investment into this obscure company, which has a capital base of just Rs 20 crore, is incomprehensible to many. Who are the people behind Ram Charan? What do they do? Chennai is abuzz with intense speculation.

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