What we do Refex Industries Ltd pioneers eco-friendly refrigerant gases, ash & coal handling, clean mobility, and renewable energy solutions, driving sustainable industrial growth. |
Founded in 2,002 |
Market share Largest organized player in India's ash handling sector with growing footprint in clean mobility and renewable energy markets. |
Problem solved Refex addresses ozone layer depletion by supplying eco-friendly refrigerants and promotes sustainable energy and cleaner coal ash utilization solutions. |
Top clients or who we serve Serving thermal power plants, cement manufacturers, corporate fleets, and renewable energy sectors with B2B and B2B2C services. |
Key management - |
Our journey and innovations From breaking refrigerant monopolies in 2002 to expanding into solar, electric mobility, wind energy, and large-scale ash handling. |
Where we operate Pan-India presence across 40+ thermal power plants; expanding in electric mobility and wind turbine manufacturing sectors. |
Top products or what we offer Refilling non-ozone depleting refrigerants, ash handling services, electric vehicle fleets, solar and wind power generation. |
Top brands Refex Green Mobility (EV fleet services), Venwind Refex Power (wind turbines), leading ash handling service provider. |
Raw materials needed HydrofluoroCarbons, coal ash, renewable energy equipment components. |
Raw materials supplier Global refrigerant suppliers, coal-fired power plants, and renewable component manufacturers. |
Recurring vs cyclical contribution Revenue mainly recurring from service contracts in ash handling and mobility; renewable energy adds long-term steady income. |
Our industry position Market leader in ash handling; emerging leader in electric mobility and wind turbine manufacturing in India. |
Financial highlights FY25 revenue ~Rs.2430 Cr; PAT ~Rs.190 Cr; 77% revenue growth YoY; strong EBITDA margin improvements. |
Geographical revenue split Primarily Indian market across various states with growing regional expansion for wind and mobility segments. |
Order book Current order book of ~INR 1500 crore in ash handling and ~INR 1860 crore in wind energy segment. |
Whats driving growth Energy sector regulations, sustainability mandates, expanding EV adoption, and renewable energy investments. |
Our future plans Scaling wind turbine manufacturing, expanding electric mobility services, and enhancing ash handling capacities. |
Our green promise Committed to net zero by 2040, water neutrality by 2035, and extensive biodiversity, carbon offset programs. |
Our people and values 450+ employees fostering innovation, sustainability, and ethical corporate culture. |
Key challenges ahead Navigating regulatory changes, technology shifts, and competition in renewable and mobility markets. |
Interesting facts One of first Indian firms to launch 450 ml refrigerant refill cans; certified Great Place to Work thrice. |
Risks and strategy Managing commodity price volatility, regulatory compliance with multi-segment diversification to mitigate risks. |
