CircularOS Wins the Circular Economy Innovation Award at the 9th Great Companies SME Business Awards 2026
- Great Companies
- 5 days ago
- 3 min read
Recognized for Transforming Textile Waste into Scalable Circular Solutions Through Technology, Sustainability, and Social Impact
As the world seeks sustainable solutions to one of fashion's biggest environmental challenges, companies that transform waste into opportunity are redefining the future of the textile industry. CircularOS Private Limited, through its pioneering brand Bunko Junko, has emerged as a leader in India's circular economy movement by combining technology, sustainable manufacturing, and women-led entrepreneurship to create measurable environmental and social impact. In recognition of its contribution to circular innovation, CircularOS has been honored with the Circular Economy Innovation Award at the 9th Great Companies SME Business Awards 2026.
Founded by Bhavini Parikh, the company is building the infrastructure that enables businesses to transition from a linear economy to a truly circular textile ecosystem.
Turning Textile Waste into Sustainable Value
Headquartered in Mumbai, India, CircularOS Private Limited is a social enterprise transforming pre-consumer textile waste into premium fashion, lifestyle, home décor, and corporate gifting products through its flagship brand Bunko Junko.
Recognized as India's first textile upcycle brand registered under the Ministry of Textiles, the company goes beyond product manufacturing by developing CircularOS—a technology-driven platform that enables Digital Product Passports (DPP), textile traceability, ESG reporting, waste management, and circular supply chain solutions for brands, manufacturers, corporates, and institutions.
By integrating innovation with responsible manufacturing, CircularOS is helping businesses create sustainable value while reducing textile waste at scale.
Building the Future of Circular Textiles
What sets CircularOS apart is its ability to combine technology, circular manufacturing, and social impact into one integrated ecosystem.
Unlike traditional recycling companies or fashion brands, the company works across the entire textile value chain—from waste collection and segregation to upcycling, product development, impact measurement, and ESG-driven circular solutions.
Its technology-enabled platform helps organizations strengthen compliance, improve transparency, and achieve sustainability goals while creating measurable environmental outcomes.
A Journey of Innovation and Impact
Since its inception, Bunko Junko has grown from a pioneering upcycling initiative into one of India's recognized circular fashion enterprises.
Among its significant milestones are becoming India's first registered textile upcycle brand under the Ministry of Textiles, empowering over 1,000 women through livelihood creation and entrepreneurship, developing innovative textile circularity programs, and earning recognition from respected global organizations including BBC, the UN Fashion and
Lifestyle Network, the IKEA Foundation, SEED, EUREI, and sustainability-focused academic institutions.
The establishment of CircularOS marks the company's next phase of growth, where technology is being used to scale circular economy solutions across India's textile industry.
Creating Environmental and Social Change Together
Beyond reducing textile waste, CircularOS is building a movement that creates lasting impact through women empowerment, sustainable livelihoods, education, climate action, and community development.
By proving that textile waste is a valuable resource rather than a liability, the company is helping accelerate India's transition toward a more responsible and regenerative textile economy.
Company Profile
Business Name: CircularOS Private Limited
Flagship Brand: Bunko Junko
Founder: Bhavini Parikh
Established: 2019
Headquarters: Mumbai, India
Industry: Social Enterprise | Circular Economy
Website: https://www.bunkojunko.com
About Great Companies SME Business Awards 2026
The Great Companies SME Business Awards 2026 celebrate exceptional entrepreneurs, innovators, and businesses that are creating meaningful impact through innovation, customer excellence, sustainable growth, and industry leadership. The awards recognize organizations that are shaping the future of India's MSME ecosystem while building businesses that inspire trust, transformation, and long-term value.