Usha Yarns Secures Growth Equity Investment from Fullerton Carbon Action Fund

Chandigarh, India [July 14th, 2026]: Usha Yarns Limited (“Usha Yarns”), a producer of high-quality recycled yarns with advanced, well established production processes, today announced a growth equity investment from the Fullerton Carbon Action Fund (“Fullerton”), a private equity strategy managed by Fullerton Fund Management that backs established mid-market companies across Emerging Asia to accelerate decarbonisation.

Founded in 1995 and operating recycling and yarn manufacturing units near Chandigarh, Usha Yarns converts post-industrial cotton and recycled PET into yarns sold under its “Puneh” brand. Pre-coloured at the recycling stage, its yarns help customers reduce downstream dyeing costs, while its chain-of-custody and sustainability credentials — validated against several global certifications and benchmarks — align with the circularity and traceability standards that global apparel brands increasingly require.

The investment will support Usha Yarns’ next stage of scale up — expanding recycled yarn capacity, deepening the traceability of its feedstock sourcing, and broadening its supply of high-quality recycled yarns to apparel and textile brands across global markets.

Recycled yarns with verified traceability are fast becoming a supply chain imperative for global apparel brands — and Usha Yarns is one of the few producers already operating at that standard.

“Over more than two decades we have built deep expertise in turning textile waste into high-quality, affordable recycled yarns,” said Anurag Gupta, Managing Director of Usha Yarns. “Fullerton understood our business from the first conversation — not just the financials, but what it actually takes to produce recycled yarn at consistent quality and scale. We look forward to building the next chapter of Usha Yarns together — taking our products to more brands across global markets, with the traceability and reliability they increasingly expect.”

“Mechanical cotton recycling at consistent, brand-grade quality is one of the hardest things to do in textiles, and Usha Yarns is among the very few that have demonstrated it, at scale.