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.
Founding year | 2009 |
---|---|
Headquarters | Jaipur, Rajasthan, India |
Valuation | ~$400M (2023) |
Total Funding | $80M |
Annual Revenue | ₹1,100 Cr (FY24) |
Annual Net Profit | ₹120 Cr (FY24) |
EBITDA Margin | 16% (FY24) |
Employees | ~600 (FY24) |
Round | Date | Amount | Investors |
---|---|---|---|
Private Equity | 2018 | $30M | CPP Investments |
PE Growth | 2021 | $50M | ADT Capital |
In 2025, Rays Power Infra secured a ₹500 Cr solar EPC contract with a state government under its renewable push.
Metric | Details |
---|---|
Revenue | ₹800 Cr → ₹950 Cr → ₹1,100 Cr |
Profit | ₹50 Cr → ₹80 Cr → ₹120 Cr |
EBITDA Margin | 12% → 14% → 16% |
Employees | 500 → 550 → 600 |
Funding | $30M → $50M |
IPO Status | Private; evaluating IPO timing. |
Expansion Focus | Hybrid projects, storage, desalination. |
Latest News | ₹500 Cr EPC contract secured |
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.
Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
Disclaimer: © 2025. All information is curated from public and third-party sources and provided solely for legitimate business use.