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Rays Power Infra’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)

Legal Name: Rays Power Infra Developers Private Limited | CIN: U40104RJ2014PTC046273
Rays Power Infra Logo
Introduction

Rays Power Infra, founded in 2009 by Pawan Sharma, Sanjay Garudapally, and Ketan Mehta, is a leading renewable energy and power infrastructure developer based in Jaipur. Specializing in solar EPC and O&M services, it has delivered over 2 GW of solar projects across India. Backed by CPP Investments and ADT Capital, the company raised $80M to expand its portfolio into hybrid renewables and energy storage. In FY24, Rays Power Infra reported ₹1,100 Cr in revenue, a net profit of ₹120 Cr, and improved its EBITDA margin to 16%. With a workforce of 600 and a pipeline of 1.5 GW, it is poised for further growth in India’s energy transition.

Company Snapshot & Financials FY24
Founding year2009
HeadquartersJaipur, Rajasthan, India
Valuation~$400M (2023)
Total Funding$80M
Annual Revenue₹1,100 Cr (FY24)
Annual Net Profit₹120 Cr (FY24)
EBITDA Margin16% (FY24)
Employees~600 (FY24)
Funding History
RoundDateAmountInvestors
Private Equity2018$30MCPP Investments
PE Growth2021$50MADT Capital
Revenue & Net Profit Trends
Revenue & Net Profit Trends
Expense Efficiency & Margins
Expense Efficiency & Margins
Employee Count Trend
Employee Count Trend
Strategic Growth, Plans & IPO
Latest News

In 2025, Rays Power Infra secured a ₹500 Cr solar EPC contract with a state government under its renewable push.

Overall Summary
MetricDetails
Revenue₹800 Cr → ₹950 Cr → ₹1,100 Cr
Profit₹50 Cr → ₹80 Cr → ₹120 Cr
EBITDA Margin12% → 14% → 16%
Employees500 → 550 → 600
Funding$30M → $50M
IPO StatusPrivate; evaluating IPO timing.
Expansion FocusHybrid projects, storage, desalination.
Latest News₹500 Cr EPC contract secured
Conclusion

Rays Power Infra’s robust financial performance and strategic EPC wins position it strongly in India’s renewable infrastructure sector. Expansion into hybrid projects and storage will drive long-term growth and public market readiness.

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Sources

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