About Rays Power Infra
Rays Power Infra is an Energy & Utilities company based in Jaipur (India) founded in 2011 by Ketan Mehta and Pawan Sharma. Turnkey solar engineering, procurement, and construction solutions are provided. Rays Power Infra has raised $57.02 million across 6 funding rounds from investors including DMI Finance, Weststone Management Consultancy and Vanaja Sundar Iyer. The company has 385 employees. Rays Power Infra was last valued at $34.63 million in March 2017. Its Indian entity Rays Power Infra Limited reported revenue of ₹1,198 Cr. Rays Power Infra offers products and services including EPC & Development, Operation & Maintenance, Rooftop Solar, Project Management & Consulting, and Energy Storage. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its competitors include Fourth Partner Energy, SB Energy and Amplus Solar; 2 of its 3 listed competitors have raised funding.
Company details
Rays Power Infra was founded in 2011 and is based in Jaipur, India. Solar power plants are developed and constructed by the company within the renewable energy sector. Operation and maintenance services are offered, alongside project management and consulting for solar initiatives. Rooftop solar installations and energy storage systems are also handled. The full solar project lifecycle is covered, from design and development through to ongoing support.
- Headquarters Jaipur, India
- Employees 385
- Founders Ketan Mehta, Pawan Sharma
- Stage Minicorn
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website rayspowerinfra.com
- Social LinkedIn X Facebook
- Legal Name Rays Power Infra Limited
- Date of Incorporation 13 Jun, 2011
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1,198 Cr
FY 2025 · +15% YoY
- Net Profit₹137 Cr
FY 2025 · 11% margin
- EBITDA₹452 Cr
FY 2025 · 36% margin
- Total Equity Funding$57.02M (USD)
in 6 rounds
- Latest Funding Round$16.23M (USD), Series C
Jul 2024
- InvestorsDMI Finance
& 50 more
- Employee Count385
Associated legal entities of Rays Power Infra
Rays Power Infra operates through Rays Power Infra Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rays Power Infra Limited CIN U40106MH2011PLC267684 | Active | 13 Jun 2011 | Mumbai, Maharashtra | ₹1,198 Cr | 385 | 8 | View details |
Products & Services of Rays Power Infra
Rays Power Infra offers a comprehensive portfolio of products and services, including EPC & Development, Operation & Maintenance, Rooftop Solar, Project Management & Consulting, and Energy Storage.
Provides engineering, procurement, and construction for solar power plants.
Offers technical support to maximize solar project lifespan.
Delivers customized rooftop energy generation systems.
Provides support for solar projects worldwide.
Supplies systems for uninterrupted solar power storage.
Funding Insights of Rays Power Infra
Rays Power Infra has successfully raised a total of $57.02M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $16.23 million completed in July 2024. 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 $57.02M
- Total Rounds 6
- Last Round Series C — $16.23M
- First Round $2.68M
(Sep 2015)
- Investors Count 51
All 6 funding rounds of Rays Power Infra with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $16.23M | Series C | – | – | |
| Mar 2024 | $6.48M | Series C | – | Kamlesh Navinchandra Shah | |
| Dec 2018 | Debt – Conventional | – | – | ||
| Dec 2018 | $28.51M | Series B | – | DMI Finance | – |
| Mar 2017 | $3.11M | Series A | $34.63M | Axis Dealtrade | |
| Sep 2015 | $2.68M | Seed | $16.41M | Dutch Commotrade |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2017 | $34.63M | •••••••• |
| Sep 2015 | $16.41M | •••••••• |
Last known valuation $34.63M (Mar 2017). 51 investors in total: 9 institutional and 42 angel.
Investors in Rays Power Infra
Rays Power Infra has secured backing from 51 investors, including angel and institutional investors. Prominent investors backing the company include DMI Finance, Weststone Management Consultancy and Vanaja Sundar Iyer.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Equity4Life is engaged in financial services and investor education in India. | 2019 | equity4life.co.in | Jaipur, India | |
Invests in fast-growing Indian companies through concentrated equity portfolios. | 2023 | vimanacapital.com | Mumbai, India | |
Personal, MSME, consumption, and EV loans are provided digitally. | 2008 | dmifinance.in | Delhi, India | |
VS Vanaja Sundar Iyer | unknown_273c2e5901ca4ab98 | |||
AS Avarjit Singh Birghi | unknown_f94a3c4d087c4f99b | |||
SV Suneel Vadlamudi | unknown_3ec042dbf5204bdd9 |
Investor details for Rays Power Infra
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Board of directors of Rays Power Infra Limited (Rays Power Infra)
Rays Power Infra Limited is the primary company behind Rays Power Infra. The board of Rays Power Infra Limited currently have 6 directors; the longest-serving is Pawan Kumar Sharma, appointed in 2011. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pawan Kumar Sharma DIN 02590092 | Whole-time director | 13 Jun 2011 | 15 yrs 4 mo | Rays Power Infra Limited |
| Ketan Mehta DIN 03044292 | Managing Director | 05 Jan 2012 | 14 yrs 9 mo | Rays Power Infra Limited |
| Sanjay Garudapally DIN 02329378 | Whole-time director | 05 Jan 2012 | 14 yrs 9 mo | Rays Power Infra Limited |
| Mahendra Kumar Singh DIN 08989333 | Director | 16 Oct 2023 | 3 yrs | Rays Power Infra Limited |
| Rashmi Bafna DIN 10326490 | Director | 16 Oct 2023 | 3 yrs | Rays Power Infra Limited |
| Akhilesh Kumar Jain DIN 03466588 | Director | 16 Oct 2023 | 3 yrs | Rays Power Infra Limited |
People of Rays Power Infra
22 people are tracked at Rays Power Infra (9 in leadership, 13 in team); the tracked headcount is 385.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Managing Director | Leadership | |
| Co-Founder & Director | Leadership | |
Ashish Jain | Chief Financial Officer | Leadership |
| Whole-time Director Of The Company | Leadership | |
Sp Sharma | Head Of Procurement | Leadership |
Om Dutt Vashisth | Vice President, Head Strategic Sourcing (new Ventures) | Leadership |
Parikshit Tripathy | Head Of Engineering,project Management & Construction | Leadership |
Himanshu Joshi | Assistant General Manager | Leadership |
Vaibhav Roongta | Chief Business Officer | Leadership |
Narendra Gohil | DGM - Engg. & Design | Team |
Ashish Kumar | Junior Engineer | Team |
Gautam Shivnani | Deputy Manager - SCM | Team |
Anil Kumar Sharma | Project Executive | Team |
Ashutosh Singh | Manager-funding & Investment | Team |
K.m.v.k. Ravikumar | GM Operations | Team |
Ganji Rithvik | Assistant Manager | Team |
Shahid Malik | Sr. Mechanical Engineer | Team |
Er.jitesh Sharma | Manager-talent Acquisition | Team |
Chandra Shekhar Sharma | Senior Manager Administration | Team |
Purti Arora | Manager - Human Resources | Team |
2 more people are available in the full profile.
Complete people profiles for Rays Power Infra
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Financials of Rays Power Infra
Figures of Rays Power Infra Limited, the primary company behind Rays Power Infra, for FY 2025. Revenue was ₹1,198 Cr (+15% year on year). Net profit was ₹137 Cr (11% margin). EBITDA was ₹452 Cr (36% margin). Revenue has grown at a compounded annual rate of +31% over three years and +43% over five years.
- ₹1,198 CrRevenue · FY 2025 · +15% YoY
- ₹137 CrNet profit · 11% margin
- ₹452 CrEBITDA · 36% margin
- ₹57.16 CrPaid-up capital
- 385Employees (provident fund records)
- +31%Revenue CAGR, 3 years
- +43%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rays Power Infra Limited are on its company page.
Detailed financial statements for Rays Power Infra
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Rays Power Infra
4 dated milestones of Rays Power Infra across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Rays Power Infra is founded.
- Funding First funding round of $2.7M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $16.2M.
Competitors of Rays Power Infra
Rays Power Infra has 3 listed competitors in our database, 2 of them funded. They include Fourth Partner Energy, SB Energy and Amplus Solar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sbenergy.com | 2015 | Delhi, India | 88 | Solar energy projects are developed and managed globally. | ||
| amplussolar.com | 2008 | Gurugram, India | $7.16M | 150 | Solar installation services and renewable energy solutions are provided. |
Detailed competitors of Rays Power Infra
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Web traffic of Rays Power Infra
The website of Rays Power Infra (rayspowerinfra.com) receives about 3K visits a month.
- Monthly visits3K
▼ 58.2% vs previous month
Websites whose visitors overlap most with Rays Power Infra. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sterlingandwilsonre.com | 100% | 9.4K | #2,270,836 | View details | |
| vivaansolar.com | 96% | 7.2K | #2,754,165 | View details | |
| cleanmax.com | 94% | 12.3K | #1,858,550 | View details | |
solar-energy-solutions.com | solar-energy-solutions.com | 85% | – | ||
a-rsolar.com | a-rsolar.com | 84% | #3,098,489 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Rays Power Infra
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- 18 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Rays Power Infra (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Frequently Asked Questions about Rays Power Infra
Rays Power Infra was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Rays Power Infra is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Rays Power Infra is a funded company, having raised a total of $57.02M across 6 funding rounds to date. The company's 1st funding round was a Seed of $2.68M, raised on Sep 2015.
Rays Power Infra has 385 employees.
The primary company behind Rays Power Infra, Rays Power Infra Limited, reported revenue of ₹1,198 Cr for FY 2025, up 15% year on year.
Rays Power Infra was founded in 2011 and is based in Jaipur, India. Solar power plants are developed and constructed by the company within the renewable energy sector. Operation and maintenance services are offered, alongside project management and consulting for solar initiatives. Rooftop solar installations and energy storage systems are also handled. The full solar project lifecycle is covered, from design and development through to ongoing support.
Rays Power Infra's top competitors include Fourth Partner Energy, SB Energy and Amplus Solar.
Rays Power Infra offers EPC & Development, Operation & Maintenance, Rooftop Solar, Project Management & Consulting, and Energy Storage.
Rays Power Infra has 51 investors. Key investors include DMI Finance, Weststone Management Consultancy, Vanaja Sundar Iyer, Avarjit Singh Birghi, and Suneel Vadlamudi.
The valuation of Rays Power Infra is $34.63M as of Mar 2017.
Rays Power Infra operates through Rays Power Infra Limited.
The legal entities of Rays Power Infra currently have 8 directors, including Ashish Jain, Mahendra Kumar Singh, Rashmi Bafna and others.