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RAYS POWER INFRA LIMITED

Active
Updated: 07 Oct 2026

The company provides solar developer and EPC management services

Rays Power Infra Limited, is an unlisted public company incorporated on 13 June, 2011. It is classified as a public limited company and is located in Mumbai, Maharashtra. It's authorized share capital is INR 85.80 cr and the total paid-up capital is INR 57.23 cr.

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Subscription Plans
Industry and products
Electricity, Gas & Water
  • Open Access, Energy Storage, Rooftop Solar, EPC & Development, Project Management & Consulting, Operation & Maintenance
Company size
Auth Capital
₹ 85.8 Cr
Paidup Capital
₹ 57.2 Cr
Revenue
₹ 1000-1250 cr
# Key metrics of Rays Power Infra Limited - All rupee values in INR crores. Based on March 2025 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 85.8 Cr | | | Paidup Capital | ₹ 57.2 Cr | | | Revenue | ₹ 1000-1250 cr | | | Total Revenue | Details available with Tofler Pro subscription | 54.19% | | EBITDA | Details available with Tofler Pro subscription | 74.49% | | Net Profit | Details available with Tofler Pro subscription | 78.21% | | Networth | Details available with Tofler Pro subscription | 67.12% | | Borrowings | Details available with Tofler Pro subscription | 115.31% | | Assets | Details available with Tofler Pro subscription | 79.94% | | Gross Margin | Details available with Tofler Pro subscription | 2.14 | | Operating Margin | Details available with Tofler Pro subscription | 1.72 | | Net Profit Margin | Details available with Tofler Pro subscription | 1.31 | | Return on Equity | Details available with Tofler Pro subscription | 1.2 | | ROCE | Details available with Tofler Pro subscription | -0.65 | | Debt to Equity | Details available with Tofler Pro subscription | 0.1 |
Key Metrics

** All rupee values in INR crores.

Total Revenue
54.19%
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EBITDA
74.49%
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Net Profit
78.21%
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Networth
67.12%
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Borrowings
115.31%
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Assets
79.94%
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Gross Margin
2.14
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Operating Margin
1.72
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Net Profit Margin
1.31
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Return on Equity
1.2
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ROCE
-0.65
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Debt to Equity
0.1
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Sales
Mar 2025
Net worth
Mar 2025

Locations

indian flag India (15)
State Type Address

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People

Designation Name DIN/PAN Tenure
Managing Director Ketan Mehta
Shareholder
03044292 5 years
Whole-time Director Pawan Kumar Sharma
Shareholder
02590092 5 years
Company Secretary Deepak Jangid 08069097 7 years
Director Ashish Jain 07757655 0 years
Director Akhilesh Kumar Jain 03466588 3 years
Director Mahendra Kumar Singh 08989333 3 years
Director Rashmi Bafna 10326490 3 years
Director Sanjay Dixit 07290836 0 years

Financial Highlights

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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
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Total assets

Charges on assets

Bank wise
Charges
1

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 120.0 cr

2

HDFC Bank Limited

No. of Loans: 2

Total Amount : 110.5 cr

3

IDFC First Bank Limited

No. of Loans: 1

Total Amount : 110.0 cr

4

The Federal Bank Limited

No. of Loans: 1

Total Amount : 90.0 cr

5

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 80.0 cr

6

AU SMALL FINANCE BANK LIMITED

No. of Loans: 1

Total Amount : 71.5 cr

7

ICICI Bank Limited

No. of Loans: 1

Total Amount : 70.0 cr

8

Axis Bank Limited

No. of Loans: 1

Total Amount : 60.0 cr

9

Kookmin Bank

No. of Loans: 1

Total Amount : 55.0 cr

10

Punjab National Bank

No. of Loans: 1

Total Amount : 55.0 cr

11

CSB BANK LIMITED

No. of Loans: 1

Total Amount : 54.5 cr

12

UJJIVAN SMALL FINANCE BANK LIMITED

No. of Loans: 1

Total Amount : 50.0 cr

13

JIO CREDIT LIMITED

No. of Loans: 1

Total Amount : 50.0 cr

14

Yes Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

15

Bajaj Finance Limited

No. of Loans: 1

Total Amount : 50.0 cr

16

IDBI Bank Limited

No. of Loans: 1

Total Amount : 42.0 cr

17

Indian Bank

No. of Loans: 1

Total Amount : 40.0 cr

18

Axis Trustee Services Limited

No. of Loans: 2

Total Amount : 38.0 cr

19

BANDHAN BANK LIMITED

No. of Loans: 1

Total Amount : 36.0 cr

20

State Bank of India

No. of Loans: 1

Total Amount : 30.0 cr

21

MERCEDES-BENZ FINANCIAL SERVICES INDIA PRIVATE LIMITED

No. of Loans: 2

Total Amount : 2.4 cr

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Charges

IndusInd Bank Limited
HDFC Bank Limited
IDFC First Bank Limited
The Federal Bank Limited
Others

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
SOLAR VOLTAIC POWER PRIVATE LIMITED
Converted to LLP and Dissolved
1.0 L 2 Rajasthan
CASA PRIME FLAT 205 LLP
Active
1.5 Cr 2 Rajasthan
CASA PRIME FLAT 304 LLP
Active
1.5 Cr 2 Rajasthan
ENVIABLEHOMES PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
PUREHIGH HOMES PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
RADIANTPEAK HOMES PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
MEHTA FAMILY TRUSTEE PRIVATE LIMITED
Active
1.0 L 2 Rajasthan
HOP ELECTRIC MANUFACTURING ONE PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
HOP ELECTRIC MANUFACTURING TWO PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
HOP ELECTRIC MOBILITY PRIVATE LIMITED
Active
20.9 L 1 Rajasthan
RMC GREEN ENERGY PRIVATE LIMITED
Active
11.7 Cr 1
GP ECO SOLUTIONS INDIA LIMITED
Active
11.8 Cr 1 Uttar Pradesh
RMC SOLAR PARK PRIVATE LIMITED
Active
10.0 L 1 Rajasthan
INSOLATION ENERGY LIMITED
Active
22.0 Cr 1 Rajasthan
RMC SWITCHGEARS LIMITED
Active
10.6 Cr 1 Rajasthan
ENLOG SOLAR LLP
Active
1.1 L 1 Uttar Pradesh
MALDA SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
CHITTOOR PRIME SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
VANNUR PRIME SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
BIDASAR SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
ALMORA SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
TIPTUR SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
YADGIR SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
METAGAL SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
GADAG SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
BELAGERE SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
RE CAPITAL INDIA PRIVATE LIMITED
Active
2.1 Cr 1 Rajasthan
SHINING TECHNOLOGIES VENTURE PRIVATE LIMITED
Active
23.0 L 1 Rajasthan
DADUR SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
HAVERI SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
KUMBHARI RENEWABLES PRIVATE LIMITED
Strike Off
1.0 L 1 Rajasthan
VANNUR SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
HALLUR SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
HANGAL RENEWABLES PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
MALUR RENEWABLES PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
HOP ENERGY NETWORK PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
SANCHOR SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
RAIBAG SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
GORAKHNATH SOLAR PARK PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
ATHANI SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
OSIAN SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
VAULTECH ELEVATOR & ESCALATOR PRIVATE LIMITED
Active
10,000.0 1 Rajasthan
KHIMSAR SOLAR POWER PRIVATE LIMITED
Not available for efiling
1.0 L 1 Rajasthan
NADBAI SOLAR POWER PRIVATE LIMITED
Active
1.0 L 1 Rajasthan
SHINING SUN POWER PRIVATE LIMITED
Active
44.5 L 1 Maharashtra

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
SHINING SUN POWER PRIVATE LIMITED Maharashtra 2014 ₹ 44.5 L
RAYS POWER INNOVATION & DEVELOPMENT VENTURES PRIVATE LIMITED Maharashtra 2016 ₹ 1.0 L
RAYS FUTURE ENERGY INDIA PRIVATE LIMITED Rajasthan 2016 ₹ 1.0 L
SHINING SUN POWER JAIPUR PRIVATE LIMITED Rajasthan 2017 ₹ 1.0 L
RAYSALFA POWER PRIVATE LIMITED Delhi 2018 ₹ 1.0 L
TUTICORIN SOLAR PROJECTS PRIVATE LIMITED Rajasthan 2017 ₹ 1.0 L
SAYALA SOLAR POWER PRIVATE LIMITED Rajasthan 2022 ₹ 1.0 L
MANDAWA SOLAR POWER PRIVATE LIMITED Rajasthan 2022 ₹ 1.0 L
RAYS GREEN ENERGY MANUFACTURING PRIVATE LIMITED India - -
HONAVAR SOLAR POWER PRIVATE LIMITED Rajasthan 2022 ₹ 1.0 L
NADBAI SOLAR POWER PRIVATE LIMITED Rajasthan 2022 ₹ 1.0 L
DADUR SOLAR POWER PRIVATE LIMITED Rajasthan 2021 ₹ 1.0 L
GORAKHNATH SOLAR PARK PRIVATE LIMITED Rajasthan 2021 ₹ 1.0 L
HAVERI SOLAR POWER PRIVATE LIMITED Rajasthan 2021 ₹ 1.0 L
JEVARGI SOLAR POWER PRIVATE LIMITED 2024 ₹ 1.0 L
ANNIGERI SOLAR POWER PRIVATE LIMITED 2024 ₹ 1.0 L
BHALKI SOLAR POWER PRIVATE LIMITED Rajasthan 2024 ₹ 1.0 L
SIRA SOLAR POWER PRIVATE LIMITED Rajasthan 2024 ₹ 1.0 L
HANUR SOLAR POWER PRIVATE LIMITED Rajasthan 2024 ₹ 1.0 L
MULKI SOLAR POWER PRIVATE LIMITED Rajasthan 2024 ₹ 1.0 L
KADURU SOLAR POWER PRIVATE LIMITED Rajasthan 2024 ₹ 1.0 L
KENGERI SOLAR POWER PRIVATE LIMITED Rajasthan 2024 ₹ 1.0 L
KALGI SOLAR POWER PRIVATE LIMITED Rajasthan 2024 ₹ 1.0 L
DARUR SOLAR POWER PRIVATE LIMITED Rajasthan 2025 ₹ 1.0 L
CHITTOOR SOLAR POWER PRIVATE LIMITED Rajasthan 2025 ₹ 1.0 L
KONCHA SOLAR POWER PRIVATE LIMITED India - -
SINNAL SOLAR POWER PRIVATE LIMITED India - -
TUMKUR SOLAR POWER PRIVATE LIMITED Rajasthan 2025 ₹ 1.0 L
HASSAN SOLAR POWER PRIVATE LIMITED Rajasthan 2025 ₹ 1.0 L
VESTIN SOLAR PARK PRIVATE LIMITED Rajasthan 2019 ₹ 1.0 L
RUNICHA SOLAR PARK PRIVATE LIMITED Rajasthan 2019 ₹ 1.0 L
VANNUR SOLAR POWER PRIVATE LIMITED Rajasthan 2021 ₹ 1.0 L
NILAJ SOLAR POWER PRIVATE LIMITED Rajasthan 2021 ₹ 1.0 L
MALUR RENEWABLES PRIVATE LIMITED Rajasthan 2022 ₹ 1.0 L
BHANKROTA SOLAR PARK PRIVATE LIMITED Rajasthan 2022 ₹ 1.0 L
ROHAT SOLAR PARK PRIVATE LIMITED Rajasthan 2022 ₹ 1.0 L
SINDHARI SOLAR POWER PRIVATE LIMITED Rajasthan 2022 ₹ 1.0 L
KOLAR SOLAR POWER PRIVATE LIMITED Rajasthan 2024 ₹ 1.0 L
JAGALURU SOLAR POWER PRIVATE LIMITED 2024 ₹ 1.0 L
EDIRAYS INFRASTRUCTURE PRIVATE LIMITED Rajasthan 2021 ₹ 1.0 L

Tofler Score

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Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Peers

Registered Details

CIN

U40106MH2011PLC267684

Incorporation

2011, 15.3 years

Company Email

deepak.jangid@rayspowerinfra.com

Paid up Capital

₹ 57.2 Cr

Authorised Capital

₹ 85.8 Cr

AGM

Sep 2025

Type

Public
Others

FAQ - RAYS POWER INFRA LIMITED

What is the incorporation date of RAYS POWER INFRA LIMITED?

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The incorporation date of RAYS POWER INFRA LIMITED is 13 June, 2011

What is the authorized share capital of RAYS POWER INFRA LIMITED?

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The authorized share capital of RAYS POWER INFRA LIMITED is INR ₹ 85.8 Cr.

What is the paid-up capital of RAYS POWER INFRA LIMITED?

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The paid-up capital of RAYS POWER INFRA LIMITED is INR ₹ 57.2 Cr.

What is the registered address of RAYS POWER INFRA LIMITED?

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The registered address of RAYS POWER INFRA LIMITED is 1st -21 EVERSHINE MALL NORTH METER CABIN 1, MALAD WEST MUMBAI Maharashtra - 400064

What is the CIN number of RAYS POWER INFRA LIMITED?

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The CIN number of RAYS POWER INFRA LIMITED is U40106MH2011PLC267684.

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