REC

Delhi, India Founded: 1969 • Age: 57 yrs Acquired By PFC
Infrastructural financing is provided for development projects in India.
Annual revenue $6.6B Latest available
Total funding - 7 rounds
Employees 1150 Tracked headcount
Investors 3 Known backers
Products 2 Services tracked
Competitors - Brand Intelligence

About REC

REC is a company based in Delhi (India) founded in 1969 was acquired by PFC in December 2018. The company has 1,150 employees as of March 31, 2024. REC offers products and services including Loan Products and Investment Bonds.

  • Headquarter Delhi, India
  • Employees 1150 as on 31 Mar, 2024
  • Stage Public
  • Sectors
    Government & Social Sector
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Rec Limited
Operational Areas
Government & Social Sector → Public Administration & Policy Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $6.58 B (USD)
    20.47
    as on Mar 31, 2025
  • Net Profit
    $1.86 B (USD)
    12.32
    as on Mar 31, 2025
  • EBITDA
    $6.23 B (USD)
    17.54
    as on Mar 31, 2025
  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    1150

    as on Mar 31, 2024

  • Acquired by
    PFC

    (Dec 07, 2018)

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IPO & Listings of REC

REC is a publicly listed company on the NSE with ticker symbol RECLTD in India, operating in the Finance sector. 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.

Exchange: NSE · Ticker: RECLTD · Sector: Finance · India

Products & Services of REC

REC offers a comprehensive portfolio of products and services, including Loan Products and Investment Bonds.

Product name locked
Category locked
Primary

Loans are provided for power sector projects and infrastructure development

Product name locked
Category locked
Locked

Bonds are offered that allow for capital gain tax exemptions and support energy initiatives

People of REC

Headcount 200-500
Employee Profiles 38
Board Members and Advisors 5
Employee Profiles
People
Madhukar Devarapalli
Officer
People
Allan Sebastian
Deputy Manager Engineering
People
Ajoy Choudhury
Director, Finance
People
Vivek Kumar Dewangan
Chairman & MD

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Board Members and Advisors
people
Manoj Manohar Pande
Director
people
Durgesh Nandini
Director
people
Gambheer Singh
Director

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Funding Insights of REC

Investors in REC

REC has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Power Finance Corporation India, Government of Maharashtra and NABARD.

All
Institutional
Investor Description Founded Year Domain Location
Provider of secondary & higher secondary education
Locked Locked Locked
Provides financing and support for agriculture and rural development initiatives.
Locked Locked Locked
Real estate and infrastructure projects are financed by the firm.
Locked Locked Locked
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Investor details for REC

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by REC

Investments
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Investment portfolio details for REC

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

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Financial Statements - REC

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Detailed financials for REC

Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.

  • Historical revenue
  • Profit trends
  • Statement rows
  • Financial ratios

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Rec Comparisons

REC Primary company
Description
Infrastructural financing is provided for development projec...
Location
Delhi, India
Founded Year
1969
Annual Revenue
$6.58 B (USD)
Net Profit
$1.86 B (USD)
EBITDA
$6.23 B (USD)
Employees
1,150
As of 2024
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Peer comparison for REC

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  • Headcount comparison
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Competitors of REC

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Detailed competitors of REC

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  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

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Latest news on Rec

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Complete news archive for REC

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about REC

REC was founded in 1969 and raised its 1st funding round 44 years after it was founded.

REC is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.

As of Mar 31, 2024, the latest employee count at REC is 1,150.

Annual revenue of REC is $6.58B as on Mar 31, 2025.

REC was established in 1969 and is based in Delhi, India. Financing solutions are extended to infrastructure sectors including power, transportation, and water resources. Long-term loans and financial support are offered to public and private entities for project implementation. Operations are centered on national infrastructure growth, with services delivered through a structured lending framework across the country.

REC offers Loan Products and Investment Bonds.

Yes, REC is publicly traded on NSE under the ticker symbol RECLTD.

REC has 3 investors. Key investors include Power Finance Corporation India, Government of Maharashtra, and NABARD.

The ticker symbol of REC is RECLTD on NSE.

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