What we do Rajesh Power Services Limited provides turnkey EPC solutions in power transmission and distribution, including EHV substations, underground cables, and solar power projects. |
Founded in 2,010 |
Market share One of the largest EPC providers for Medium Voltage Covered Conductor networks in India, with strong presence in Gujarat and other states. |
Problem solved Solves power transmission and distribution infrastructure challenges with turnkey solutions, enhancing grid reliability and supporting renewable integration. |
Top clients or who we serve Serves public and private utilities like GETCO, GUVNL, Torrent Power, Adani Electricity; B2B focus on power sector clients. |
Key management Kurang Ramchandra Panchal - Managing Director; Rajendra Baldevbhai Patel - Whole Time Director; Utsav Nehal Panchal - CEO; Kaxil Praful Patel - CFO. |
Our journey and innovations Founded as partnership in 1971, converted to limited company in 2010; pioneered 1MW solar plant in 2012; first consolidated financials in 2025. |
Where we operate Primarily India, strong presence in Gujarat, Rajasthan, Madhya Pradesh, Maharashtra with expanding geographic footprint. |
Top products or what we offer EPC contracts for EHV substations, MVCC networks, underground cable systems, O&M services, utility services, and consultancy. |
Top brands No specific product brands; known for turnkey power infrastructure services and solar EPC projects. |
Raw materials needed Cables, transformers, switchgears, electrical accessories supplied by multiple vendors. |
Raw materials supplier Suppliers include various electrical component manufacturers and distributors, no single major supplier disclosed. |
Recurring vs cyclical contribution Revenue largely project-based and cyclical, with growing recurring O&M and utility services revenue. |
Our industry position Strong market position in medium voltage and EHV including underground transmission; recognized EPC leader in power T&D sector. |
Financial highlights FY25 consolidated revenue Rs 1107 Cr; PAT Rs 93 Cr; strong growth over previous years; IPO raised Rs 160 Cr in 2024. |
Geographical revenue split Majority revenue from Gujarat and neighboring states; exploring wider India presence. |
Order book Unexecuted order book approx Rs 3502 Cr as of Sept 2025 including L1 orders. |
Whats driving growth Government push for power infrastructure, underground cable networks, solar integration, and urban electrification projects. |
Our future plans Expand geographically, increase EPC and O&M portfolios, invest in green hydrogen and smart grid solutions via associate HKRP Innovations. |
Our green promise Engages in solar power generation, renewable EPC services, invests in smart energy management technology via associate company. |
Our people and values Board of 7 directors including 3 independents; culture emphasizes safety, quality, innovation, and customer focus. |
Key challenges ahead Project execution risks, competition, commodity price fluctuations, and regulatory compliance. |
Interesting facts Successfully executed one of the highest 220kV cable terminations at 52 meters height; pioneered major smart grid SCADA integration. |
Risks and strategy Mitigates risks through strong governance, diversified clientele, prudent financial management, and strategic investments in technology. |
