What we do RMC Switchgears Ltd designs and manufactures electrical enclosures, switchgears, and provides electrical and solar EPC solutions with a focus on power distribution and renewable energy sectors. |
Founded in 1,994 |
Market share Established leader in smart meter enclosures and growing presence in solar EPC and electrical EPC markets, serving major Indian utilities and EPC contractors. |
Problem solved Reduces power theft, enhances electrical safety, supports smart metering and renewable integration, addressing India’s critical power infrastructure challenges. |
Top clients or who we serve Indian state utilities, private power distributors, EPC firms like Larsen & Toubro, KEI Industries, and meter manufacturers; B2B focus. |
Key management Mr. Ashok Kumar Agarwal (Chairman & MD) with 40+ years experience; Mr. Ankit Agrawal (CEO) with 23 years; other seasoned professionals from engineering and finance. |
Our journey and innovations Started in 1994 with energy meter enclosures; expanded to turnkey EPC, solar projects, smart water solutions, and set up 1 GW solar module plant in 2025. |
Where we operate Pan-India presence with projects and clients across Rajasthan, Maharashtra, Uttar Pradesh, Gujarat, and other states. |
Top products or what we offer Smart meter enclosures, feeder pillars, LT/HT distribution boxes, electrical panels, solar EPC, smart water IoT solutions, and solar modules manufacturing. |
Top brands LAMINA (PVC marble & solidsurfacing), Smart Enclosures, Feeder Pillars; dominant in smart metering enclosures market segment. |
Raw materials needed Mild steel, stainless steel, Sheet Moulding Compound, Bulk Moulding Compound, PVC, Acrylic sheets, and solar module components. |
Raw materials supplier Supplied by Indian and international vendors, specifics not disclosed publicly. |
Recurring vs cyclical contribution Revenue driven by project wins (cyclical) and recurring supply contracts and smart metering products (semi-recurring). |
Our industry position Strong market position in switchgear enclosures and emerging EPC player in solar and electrical infrastructure sectors. |
Financial highlights FY24 Revenue ₹173.46 Cr, PAT ₹14.89 Cr; FY25 Revenue ₹318.16 Cr, PAT ₹31.47 Cr; consistent double-digit growth and expanding margins. |
Geographical revenue split Primarily India focused; no detailed geographic revenue split disclosed. |
Order book Robust project pipeline exceeding ₹1500 crore as of H1 FY26, driven by solar EPC and electrical infrastructure projects. |
Whats driving growth Government green energy policies, smart metering rollout, infrastructural upgrades, and integration of renewable power solutions. |
Our future plans Commission 1 GW solar module plant, expand solar EPC, deepen smart water solutions penetration, and increase green energy subsidiary control. |
Our green promise Solar power usage, water conservation efforts, ISO 9001:2015 certification, and environmentally conscious manufacturing practices. |
Our people and values Skilled workforce with emphasis on innovation, ethical conduct, diversity, employee development, and occupational safety. |
Key challenges ahead Supply chain constraints, regulatory compliance, competition in renewable EPC, and maintaining profitability amid scaling operations. |
Interesting facts Featured in Forbes Asia’s Best Under a Billion in 2025; evolved from meter enclosures to integrated renewable EPC player. |
Risks and strategy Mitigates supply risks via backward integration; leverages diversified business segments for resilience; focuses on technology and partnerships for sustained growth. |
