About Rays Power Infra
Rays Power Infra is a company based in Jaipur (India) founded in 2011 by Ketan Mehta and Pawan Sharma.. 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 as of October 10, 2025. Rays Power Infra offers products and services including EPC & Development, Operation & Maintenance, Rooftop Solar, Project Management & Consulting, and Energy Storage. Rays Power Infra operates in a competitive market with competitors including Fourth Partner Energy, SB Energy, Amplus Solar, Sterling And Wilson and Oriano Solar, among others.
- Headquarter Jaipur, India
- Employees 385 as on 10 Oct, 2025
- Founders Ketan Mehta, Pawan Sharma
- Stage Minicorn
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Rays Power Infra Limited
- Date of Incorporation 13 Jun, 2011
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$125.31 M (USD)20.85as on Mar 31, 2024
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Net Profit
$10.68 M (USD)-30.16as on Mar 31, 2024
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EBITDA
$14.02 M (USD)62.58as on Mar 31, 2024
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Total Equity Funding
$57.02 M (USD)
in 6 rounds
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Latest Funding Round
$16.23 M (USD), Series C
Jul 09, 2024
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Investors
DMI Finance
& 50 more
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Employee Count
385
as on Oct 10, 2025
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 6
- Last Round Series C — $16.2M
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First Round
First Round
(30 Sep 2015)
- Investors Count 51
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series C - Rays Power Infra | Valuation |
investors |
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| Mar, 2024 | Amount | Series C - Rays Power Infra | Valuation | Kamlesh Navinchandra Shah | |
| Dec, 2018 | Amount | Debt – Conventional - Rays Power Infra | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Equity4Life is engaged in financial services and investor education in India.
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Founded Year | Domain | Location | |
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Invests in fast-growing Indian companies through concentrated equity portfolios.
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Founded Year | Domain | Location | |
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Personal, MSME, consumption, and EV loans are provided digitally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rays Power Infra
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rays Power Infra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rays Power Infra Comparisons
Competitors of Rays Power Infra
Rays Power Infra operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fourth Partner Energy, SB Energy, Amplus Solar, Sterling And Wilson and Oriano Solar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
On-grid and off-grid solar solutions and products are provided.
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| domain | founded_year | HQ Location |
Solar energy projects are developed and managed globally.
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| domain | founded_year | HQ Location |
Solar installation services and renewable energy solutions are provided.
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| domain | founded_year | HQ Location |
EPC and MEP services are provided across diverse sectors.
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| domain | founded_year | HQ Location |
Solar energy projects are developed by Oriano Solar in India.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rays Power Infra
Frequently Asked Questions about Rays Power Infra
When was Rays Power Infra founded?
Rays Power Infra was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Rays Power Infra located?
Rays Power Infra is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Is Rays Power Infra a funded company?
Rays Power Infra is a funded company, having raised a total of $57.02M across 6 funding rounds to date.
How many employees does Rays Power Infra have?
As of Oct 10, 2025, the latest employee count at Rays Power Infra is 385.
What is the annual revenue of Rays Power Infra?
Annual revenue of Rays Power Infra is $125.31M as on Mar 31, 2024.
What does Rays Power Infra do?
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.
Who are the top competitors of Rays Power Infra?
Rays Power Infra's top competitors include Fourth Partner Energy, Oriano Solar and GREW.
What products or services does Rays Power Infra offer?
Rays Power Infra offers EPC & Development, Operation & Maintenance, Rooftop Solar, Project Management & Consulting, and Energy Storage.
Who are Rays Power Infra's investors?
Rays Power Infra has 51 investors. Key investors include DMI Finance, Weststone Management Consultancy, Vanaja Sundar Iyer, Avarjit Singh Birghi, and Suneel Vadlamudi.
What is Rays Power Infra's valuation?
The valuation of Rays Power Infra is $34.63M as of Mar 2017.
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