e2E Rail

Bengaluru, India Founded: 2010 • Age: 16 yrs Listed
Provider of rail engineering services for signaling, telecom, electrification, and track systems
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About e2E Rail

e2E Rail is a publicly listed company based in Bengaluru (India) founded in 2010. Provider of rail engineering services for signaling, telecom, electrification, and track systems. e2E Rail has raised $10.02 million across 4 funding rounds from investors including SIDBI, SIDBI Venture Capital and Ventureast. e2E Rail was last valued at $15.37 million in March 2019. Its chief executive, as recorded, is Sourajit Mukherjee. Its Indian entity E To E Transportation Infrastructure Limited reported revenue of ₹384 Cr. e2E Rail offers products and services including Signaling and Telecom Design, Track Construction, and Electrification Services. Its focus areas include Travel and Hospitality Tech, Rail IT, Connectivity and Testing and Measurement.

Company details

e2E Rail was founded in 2010 and is based in Bengaluru, India. Engineering services in the rail sector are offered, covering design, construction, and operation maintenance for mainline and mass transit systems. Track-related activities include laying, linking, maintenance, and ballast management. Expertise is applied to signaling, telecom, and overhead electrification projects, with turnkey capabilities available for comprehensive rail infrastructure needs.

  • Headquarters Bengaluru, India
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website etoerail.com
  • Social LinkedIn Facebook
  • Legal Name E To E Trans Infra Ltd
Operational Areas
Transportation, Automotive & Logistics → Rail IT
Transportation, Automotive & Logistics → Road Transport Tech
Transportation, Automotive & Logistics → Smart Public Transport
Key Metrics
  • Market Cap
    ₹465 Cr

    E2ERAIL-SM · NSE

  • Share Price
    ₹265.35

    -1.54% today

  • Revenue
    ₹380 Cr

    FY 2025-26 · +51.5% YoY

  • EBITDA
    ₹37.99 Cr

    Margin 10.0%

  • Net Profit
    ₹16.81 Cr

    FY 2025-26 · +16.9% YoY

  • P/E (TTM)
    26.5x

    P/B 2.2x

  • Total Equity Funding
    $10.02M (USD)

    in 4 rounds

  • Latest Funding Round
    $721.89K (USD), Series A

    Mar 2019

  • Investors
    SIDBI

    & 4 more

Products & Services of e2E Rail

e2E Rail offers a comprehensive portfolio of products and services, including Signaling and Telecom Design, Track Construction, and Electrification Services.

Signaling and Telecom Design
Engineering Services

Design of railway signaling and telecom systems for safe operations

Track Construction
Construction Services

Building and linking railway tracks for infrastructure projects

Electrification Services
Infrastructure Services

Installation of power systems for railway electrification needs

Funding Insights of e2E Rail

e2E Rail has successfully raised a total of $10.02M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $721.89 thousand completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $10.02M
  • Total Rounds 4
  • Last Round Series A — $721,891
  • First Round $132,545

    (Feb 2012)

  • Investors Count 5

All 4 funding rounds of e2E Rail with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Mar 2019$721,891Series A$15.37MSIDBI
SIDBI Venture Capital
Apr 2014$3.43MSeries A$492.58MVentureast
Zephyr Peacock
Mar 2012$5.74MSeries A$•••••Ventureast
Zephyr Peacock
Feb 2012$132,545Seed$•••••Neelakantaenterprise
–
Valuation history
DateValuationStage
Mar 2019$15.37M••••••••
Apr 2014$492.58M••••••••
Mar 2012$•••••••••••••
Feb 2012$•••••••••••••
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Full valuation and stage history of e2E Rail

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

  • All valuation points
  • Stage changes
  • Dates
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Verified entity values are shown only after access is granted.

Last known valuation $15.37M (Mar 2019). 5 investors in total: 5 institutional.

Investors in e2E Rail

e2E Rail has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include SIDBI, SIDBI Venture Capital and Ventureast.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
SIDBI Venture Capital
Venture capital management for SMEs and startups in India.
1999sidbiventure.co.inMumbai, India
Ventureast
Venture capital investments in technology, healthcare, and clean environment sectors since 1997.
1997ventureast.netBengaluru, India
Zephyr Peacock
Diversified asset management and private equity firm focused on small and medium sized enterprises
zephyrpeacock.comBengaluru, India
SIDBI
Financial support is extended to micro, small, and medium enterprises.
1990sidbi.inLucknow, India
Neelakantaenterprise
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Investor details for e2E Rail

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Board of directors of E To E Transportation Infrastructure Limited (e2E Rail)

E To E Transportation Infrastructure Limited is the primary company behind e2E Rail. The board of E To E Transportation Infrastructure Limited currently have 7 directors; the longest-serving is Mukul Gulati, appointed in 2013. 24 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Mukul Gulati
DIN 00746183
Director26 Aug 201313 yrs 2 moE To E Transportation Infrastructure Limited
Sourajit Mukherjee
DIN 10200844
Whole-time director20 Jun 20233 yrs 4 moE To E Transportation Infrastructure Limited
Vinay Kunjuri Panduranga Rao
DIN 06512562
Director09 Nov 20241 yr 11 moE To E Transportation Infrastructure Limited
Vijay Ramvallabh Khetan
DIN 00465161
Director20 Dec 20241 yr 10 moE To E Transportation Infrastructure Limited
Manju Gupta
DIN 02206515
Director20 Dec 20241 yr 10 moE To E Transportation Infrastructure Limited
Anshul Gupta
DIN 07858895
Director24 Jan 20251 yr 9 moE To E Transportation Infrastructure Limited
Himanshu Mody
DIN 00686830
Director23 Jan 20269 moE To E Transportation Infrastructure Limited

People of e2E Rail

10 people are tracked at e2E Rail (8 in leadership, 2 in team).

NameRoleGroup
Vivek Ganapa
Executive DirectorLeadership
Velumani Kandaswamy
Executive DirectorLeadership
Gururaj Narayanan
Executive DirectorLeadership
Sourajit Mukherjee
CEOLeadership
Hemanth Kasineni
General Manager OperationsLeadership
Prateek Vijay
Business Analyst, Ceo's OfficeLeadership
Tejesh Karampudi
Head - Strategy, Central Procurement & Technology, E2e RailLeadership
Suresh Maddali
CFOLeadership
Mahesh Dasari
Signal EngineerTeam
Brij Bihari Singh
Sr. Manager S&t (costing & Budgeting)Team
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Complete people profiles for e2E Rail

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IPO & Listings of e2E Rail

e2E Rail is a publicly listed company on the NSE with ticker symbol E2ERAIL in India. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date02 Jan 2026
  • Listed onNSE: E2ERAIL
  • Listed entityE TO E TRANS INFRA LTD
  • ISININE1CEJ01017
  • Share price₹310.00 (+1.21% on the day) · 2026-10-14
  • Market capitalisation₹526 Cr
  • Volume (last session)16,000

Financials of e2E Rail

Exchange-reported figures of E To E Transportation Infrastructure Limited, the listed company behind e2E Rail (NSE: E2ERAIL-SM).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹380 Cr
+51.5% YoY
EBITDA
₹37.99 Cr
+31.6% YoY
Profit After Tax
₹16.81 Cr
+16.9% YoY
Net Worth
₹205 Cr
+77.0% YoY
Total Assets
₹370 Cr
+101.8% YoY
Total Debt
₹164 Cr
+146.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue38025117013578.47101
Revenue growth+51.5%+47.4%+26.5%+71.5%-22.6%-
EBITDA37.9928.8719.3914.577.1414.19
EBITDA margin+10.0%+11.5%+11.4%+10.8%+9.1%+14.0%
Profit before tax22.6018.5014.0910.575.6812.54
Net profit16.8114.389.727.774.0810.90
Net profit margin+4.4%+5.7%+5.7%+5.8%+5.2%+10.8%
EPS (₹)12.34381.97506.74405.35213.39569.19
Balance sheet
Total assets37018412910179.8967.00
Net worth20511666.8657.1449.3545.31
Total debt16466.3161.2843.1129.8221.49
Cash & bank10864.6448.1430.4423.4223.34
Net working capital34116611684.9959.9647.50
Cash flow
Cash from operations(102)(9.49)7.17(0.95)(10.69)(1.25)
Cash from investing(47.72)(9.26)(17.10)(4.50)0.750.32
Cash from financing15227.4111.048.3210.029.03
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue37624616513073.5197.12
Revenue growth+52.6%+49.1%+27.3%+76.7%-24.3%-
EBITDA38.6328.5419.1914.305.9213.92
EBITDA margin+10.3%+11.6%+11.6%+11.0%+8.1%+14.3%
Profit before tax23.3718.1613.8810.284.9212.40
Net profit17.4913.6510.577.523.6610.82
Net profit margin+4.7%+5.5%+6.4%+5.8%+5.0%+11.1%
EPS (₹)12.8510.99551.46393.49192.18565.21
Balance sheet
Total assets35818212899.4378.5866.05
Net worth20511566.2955.7248.1844.49
Total debt15266.3060.9643.1129.8221.49
Cash & bank10263.9147.8730.0022.6222.99
Net working capital32816411483.1758.5046.46
Cash flow
Cash from operations(102)(9.98)7.78(0.23)(10.48)(2.62)
Cash from investing(35.82)(9.22)(1.07)(0.72)0.880.98
Cash from financing14027.4111.168.329.249.84

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue38025117013578.47101
Revenue growth+51.5%+47.4%+26.5%+71.5%-22.6%-
Other income4.093.012.321.110.791.11
Total expenses34222215112071.3387.23
Employee cost0.0023.8615.0110.4910.7913.14
EBITDA37.9928.8719.3914.577.1414.19
EBITDA margin+10.0%+11.5%+11.4%+10.8%+9.1%+14.0%
Depreciation1.320.970.590.140.170.17
Interest18.1612.417.034.972.082.59
Profit before tax22.6018.5014.0910.575.6812.54
Tax5.794.503.832.421.601.64
Net profit16.8114.389.727.774.0810.90
Net profit margin+4.4%+5.7%+5.7%+5.8%+5.2%+10.8%
EPS (₹)12.34381.97506.74405.35213.39569.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital17.260.380.190.190.190.19
Reserves & surplus18811666.6756.9549.1645.12
Shareholders' funds (net worth)20511666.8657.1449.3545.31
Minority interest0.000.000.000.000.000.00
Secured loans16459.1856.7841.0427.3217.07
Unsecured loans0.007.134.502.072.504.42
Total debt16466.3161.2843.1129.8221.49
Total liabilities37018412910179.8967.00
Assets
Gross block8.137.177.475.173.603.56
Net block5.445.803.051.350.330.45
Capital work in progress10.421.060.000.000.000.00
Investments0.870.820.800.270.000.00
Inventories5.061.820.560.680.611.32
Sundry debtors22993.5363.4233.8732.7423.91
Cash & bank balances10864.6448.1430.4423.4223.34
Loans & advances18511875.3664.1327.8114.53
Total current assets52727818712984.5863.10
Total current liabilities18511271.7644.1324.6215.60
Net working capital34116611684.9959.9647.50
Total assets37018412910179.8967.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash13.534.873.760.9023.3415.24
Net cash from operating activities(102)(9.49)7.17(0.95)(10.69)(1.25)
Net cash from investing activities(47.72)(9.26)(17.10)(4.50)0.750.32
Net cash from financing activities15227.4111.048.3210.029.03
Net change in cash2.108.661.112.860.088.10
Closing cash10864.6448.1430.4423.4223.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+51.5%+47.4%+26.5%+71.5%-22.6%-
EBITDA growth+31.6%+48.9%+33.1%+104.1%-49.7%-
PBT growth+22.2%+31.3%+33.3%+86.1%-54.7%+9997.0%
Net income growth+16.9%+47.9%+25.1%+90.4%-62.6%-
Revenue CAGR (3Y)+41.3%+47.3%+18.8%---
EBITDA CAGR (3Y)+37.6%+59.3%+11.0%---
Profitability & leverage
Net income margin+4.4%+5.6%+6.0%+6.1%+5.2%+10.8%
Return on capital employed-+19.8%+18.4%+15.4%+10.0%+20.7%
Return on net worth-+15.3%+16.6%+14.3%+8.0%+21.1%
Debt / equity-0.700.840.750.540.47
Long-term debt / equity-0.010.010.000.000.00
Interest cover49.5244.4837.3934.4429.8418.47
Efficiency & per share
Fixed asset turnover-34.2626.9326.0321.9228.49
Inventory turnover-210.76274.48197.9181.3276.83
Debtors turnover-3.203.503.972.774.24
EPS (₹)12.34381.97506.74405.35213.39569.19
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)0.003,084.113,487.732,981.032,574.822,364.37
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue37624616513073.5197.12
Revenue growth+52.6%+49.1%+27.3%+76.7%-24.3%-
Other income4.213.002.301.091.251.11
Total expenses33721814611667.5983.20
Employee cost0.000.0011.947.768.4010.65
EBITDA38.6328.5419.1914.305.9213.92
EBITDA margin+10.3%+11.6%+11.6%+11.0%+8.1%+14.3%
Depreciation1.320.960.590.140.160.17
Interest18.1512.427.024.972.092.46
Profit before tax23.3718.1613.8810.284.9212.40
Tax5.884.513.312.761.261.58
Net profit17.4913.6510.577.523.6610.82
Net profit margin+4.7%+5.5%+6.4%+5.8%+5.0%+11.1%
EPS (₹)12.8510.99551.46393.49192.18565.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital17.260.380.190.190.190.19
Reserves & surplus18811466.1055.5347.9944.30
Shareholders' funds (net worth)20511566.2955.7248.1844.49
Secured loans15461.7056.4541.0420.5316.85
Unsecured loans(2.69)4.604.512.079.294.64
Total debt15266.3060.9643.1129.8221.49
Total liabilities35818212899.4378.5866.05
Assets
Gross block8.137.176.754.803.073.03
Net block5.445.802.701.330.300.42
Capital work in progress3.111.060.340.000.000.00
Investments2.181.772.161.090.440.51
Inventories4.911.670.410.530.461.17
Sundry debtors22892.9162.6832.9031.7123.16
Cash & bank balances10263.9147.8730.0022.6222.99
Loans & advances17711774.6363.5427.1313.86
Total current assets51327618612781.9261.18
Total current liabilities18411272.0543.8023.4214.72
Net working capital32816411483.1758.5046.46
Total assets35818212899.4378.5866.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash12.804.6030.0022.6222.9914.78
Net cash from operating activities(102)(9.98)7.78(0.23)(10.48)(2.62)
Net cash from investing activities(35.82)(9.22)(1.07)(0.72)0.880.98
Net cash from financing activities14027.4111.168.329.249.84
Net change in cash1.828.2017.887.37(0.37)8.21
Closing cash10263.9147.8730.0022.6222.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+52.6%+49.1%+27.3%+76.7%-24.3%-
EBITDA growth+35.4%+48.7%+34.2%+141.6%-57.5%-
PBT growth-90.1%+30.8%+35.0%+108.9%-60.3%+9997.0%
Net income growth+28.1%+29.1%+40.6%+105.5%-66.2%-
Revenue CAGR (3Y)+42.5%+49.7%+19.4%---
EBITDA CAGR (3Y)+39.3%+68.9%+11.3%---
Profitability & leverage
Net income margin+4.7%+5.5%+6.4%+5.8%+5.0%+11.1%
Return on capital employed--+18.4%+16.9%+9.1%+20.3%
Return on net worth--+17.3%+14.1%+7.2%+21.0%
Debt / equity--0.850.700.550.48
Long-term debt / equity--0.000.000.000.00
Interest cover48.6545.0337.7435.1036.2817.89
Efficiency & per share
Fixed asset turnover--28.6233.0124.1032.05
Inventory turnover--351.70262.4290.2083.01
Debtors turnover--3.464.022.684.19
EPS (₹)12.8510.99551.46393.49192.18565.21
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)0.000.003,458.092,906.632,513.642,321.58

Timeline of e2E Rail

5 dated milestones of e2E Rail across 16 years, from founding to its latest funding, stage changes and deals.

  1. Founded e2E Rail is founded.
  2. Funding First funding round of $133K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Series A, of $722K.
  5. IPO Lists on the stock exchange (IPO).

Web traffic of e2E Rail

The website of e2E Rail (etoerail.com) receives about 6.3K visits a month.

  • Monthly visits
    6.3K

    ▼ 58.4% vs previous month

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Related news about E2e Rail

ETOE Transportation Infrastructure Gets Contract Worth 2.16 Billion Rupees
Reuters • 5 months ago
EtoE Transportation Infrastructure Ltd Receives LoA From South Western Railway
Reuters • 8 months ago
Etoe Transportation Infrastructure Ltd Got Contract Valued 124.4 Million Rupees
Reuters • 9 months ago
E2E Rail announces business expansion, opens office in Bengaluru
Constructionweekonline • 3 years ago
YFM Equity Partners invests GBP1.5m into e2E | Private Equity Wire
Privateequitywire • 9 years ago
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Frequently Asked Questions about e2E Rail

e2E Rail was founded in 2010 and raised its 1st funding round 2 years after it was founded.

e2E Rail is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Sourajit Mukherjee is the CEO of e2E Rail, as recorded in our data.

e2E Rail is a funded company, having raised a total of $10.02M across 4 funding rounds to date. The company's 1st funding round was a Seed of $132.55K, raised on Feb 2012.

The primary company behind e2E Rail, E To E Transportation Infrastructure Limited, reported revenue of ₹384 Cr for FY 2026, up 52% year on year.

e2E Rail was founded in 2010 and is based in Bengaluru, India. Engineering services in the rail sector are offered, covering design, construction, and operation maintenance for mainline and mass transit systems. Track-related activities include laying, linking, maintenance, and ballast management. Expertise is applied to signaling, telecom, and overhead electrification projects, with turnkey capabilities available for comprehensive rail infrastructure needs.

e2E Rail offers Signaling and Telecom Design, Track Construction, and Electrification Services.

Yes, e2E Rail is publicly traded on NSE under the ticker symbol E2ERAIL.

e2E Rail has 5 investors. Key investors include SIDBI, SIDBI Venture Capital, Ventureast, Zephyr Peacock, and Neelakantaenterprise.

The valuation of e2E Rail is $15.37M as of Mar 2019.

e2E Rail operates through E To E Transportation Infrastructure Limited.

The legal entities of e2E Rail currently have 9 directors, including Srilakshmi Surendran, Mukul Gulati, Sourajit Mukherjee and others.

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