MoneyBin
Founders: Mohan R & Arun Vignesh
Accelerator Program: Dignified Jobs Cohort 2023
Sector: Waste Management
Moneybin Resources is solving the issue of improper waste segregation at the source level by directly collecting recyclable waste from the doorstep of households, segregating it into 15+ categories, and profitably selling it to recycling factories by employing unskilled women labourers.
Since it’s incorporation in June 2022 they have expanded to over 20,000 households in Tirupur, a Tier-II city in Tamil Nadu, and collected 70 metric tonnes of waste, employing 45 women. They spread awareness about waste segregation by providing free garbage bags and paying INR 10 per kg for the waste collected by the households.
They aim to include a million households in their ecosystem and also set up a recycling unit to manufacture bricks for thermal energy using the unrecyclable MLP.
Visit their website to learn more.
About the Founders:
R. Mohan Babu, a dedicated founder with a passion for nature and farming, began his volunteer work in 2008 by managing a 50-acre farm with modern technology and providing employment to BPL individuals. In 2015, he expanded his efforts to youth empowerment by establishing Greenway Institute of Skills Pvt Ltd, where he has trained and placed around 10,000 students. He also founded Jayakumaran Garments & Exports in 2019, supporting exports to Europe and the UAE. In 2022, he co-founded The Money Bin Resource Pvt Ltd with Shri Arun, creating significant social impact in Coimbatore and beyond.
PR Arun Vignesh, a gold medalist with a background in engineering and management, has made notable contributions to skill development and start-ups. He co-founded Greenway Institute of Skills Pvt Ltd in 2016, training and placing over 10,000 students in Tamil Nadu. In 2019, he established Mirifical Careers Pvt Ltd, employing 3,000 people and placing 2,000 through skill development programs. He also founded Tectus Infra Pvt Ltd, handling significant civil projects for Tamil Nadu government departments. In 2022, he co-founded The Money Bin Resource Pvt Ltd with Shri Mohan, creating substantial social impact in Coimbatore and beyond.