What we do Ravindra Energy Limited specializes in solar power generation, selling solar pumps, and setting up solar power plants, focusing on renewable energy solutions in India. |
Founded in 1,980 |
Market share A key player in distributed solar power with 187 MWp operational capacity, expanding to 476 MWp by FY27, and 15% share in India's e-tractor market via Electric Mobility subsidiary. |
Problem solved Addresses energy sustainability by promoting solar power and electric agricultural/transport solutions to reduce carbon footprint and foster clean energy adoption. |
Top clients or who we serve Serves farmers, commercial and industrial clients in Karnataka and Maharashtra through solar projects; B2B focus including government and corporate partnerships. |
Key management Led by Executive Chairperson Dr. Vidya Murkumbi and CEO Mr. Shantanu Lath, supported by a board including independent directors with diverse expertise. |
Our journey and innovations From solar pumps in 2014 to large-scale solar power projects and e-tractor battery swapping, with strategic acquisitions and divestments, plus launch of the 'Orenj' brand. |
Where we operate Primarily operates in Karnataka and Maharashtra with growing footprints through subsidiaries across India and international entities for mining and renewable ventures. |
Top products or what we offer Solar pumps, Rooftop and Ground-mounted solar power plants, e-tractors with battery swapping, and O&M services for renewable projects. |
Top brands 'Orenj' brand for solar pumps; Energy in Motion for electric mobility; recognized for integrating solar infrastructure with electric vehicles. |
Raw materials needed Solar panels, batteries, electronic components for e-tractors, electrical equipment for power plant construction and maintenance. |
Raw materials supplier Suppliers include prominent solar equipment manufacturers and battery producers, with strategic partners like CATL for battery technology. |
Recurring vs cyclical contribution Revenue streams include recurring operations and maintenance contracts plus cyclical EPC project revenue from solar installations. |
Our industry position Market leader in solar power installations in Karnataka, emerging leader in electric tractor market with 15% share and expanding solar capacity rapidly. |
Financial highlights Standalone FY25 revenue at Rs. 1881 million; consolidated revenue Rs. 2504 million; Profit after tax Rs. 246 million standalone and Rs. 218 million consolidated. |
Geographical revenue split Revenues mainly from Karnataka and Maharashtra, with growing presence in other Indian states through subsidiaries and limited overseas investments. |
Order book Significant order book includes 263 e-tractor units under order and multiple solar projects under construction and development totaling 476 MWp expected by FY27. |
Whats driving growth Strong government solar policies like KUSUM, rising demand for clean energy, electric vehicle adoption, strategic partnerships and investments in battery swapping. |
Our future plans Expansion of solar capacity to 476 MWp by FY27, scaling e-tractor manufacturing with Pune facility, and increasing swap stations to 100 by FY29. |
Our green promise Commits to renewable energy expansion, promotes carbon emission reduction via solar projects and electric mobility aligned with ESG goals. |
Our people and values Workforce supported by Employee Stock Option Plan to attract and retain talent; commitment to ethical governance and inclusivity. |
Key challenges ahead Subsidiary divestments, competition in solar and EV sectors, regulatory changes, and capital requirements for scaling operations. |
Interesting facts First mover in Karnataka solar pump installations; launched India’s pioneering battery swapping for heavy-duty e-tractors; raised Rs. 180 crore via preferential share issue in 2024. |
Risks and strategy Mitigates market and operational risks through diversification, strong governance, strategic partnerships, and focus on long-term sustainable growth. |
