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
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Sectors
Government & Social Sector
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rec Limited
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Annual Revenue
$6.57 B (USD)20.47as on Mar 31, 2024
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Net Profit
$1.85 B (USD)12.32as on Mar 31, 2024
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EBITDA
$6.22 B (USD)17.54as on Mar 31, 2024
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Latest Funding Round
$3.68 M (USD), Debt – Conventional
Oct 21, 2022
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Investors
Power Finance Corporation India
& 2 more
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Employee Count
1150
as on Mar 31, 2024
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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.
Products & Services of REC
REC offers a comprehensive portfolio of products and services, including Loan Products and Investment Bonds. 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.
Loans are provided for power sector projects and infrastructure development
Bonds are offered that allow for capital gain tax exemptions and support energy initiatives
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Funding Insights of REC
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $3.7M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Debt – Conventional - REC | Valuation |
investors |
|
| Jan, 2019 | Amount | Debt – Conventional - REC | Valuation |
investors |
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| Nov, 2018 | Amount | Post-IPO - REC | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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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Provider of secondary & higher secondary education
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Founded Year | Domain | Location | |
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Provides financing and support for agriculture and rural development initiatives.
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Founded Year | Domain | Location | |
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Real estate and infrastructure projects are financed by the firm.
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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
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
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 REC
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - REC
| 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 |
Rec Comparisons
Competitors of REC
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| 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.
|
Latest news on Rec
Frequently Asked Questions about REC
When was REC founded?
REC was founded in 1969 and raised its 1st funding round 44 years after it was founded.
Where is REC located?
REC is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
How many employees does REC have?
As of Mar 31, 2024, the latest employee count at REC is 1,150.
What is the annual revenue of REC?
Annual revenue of REC is $6.57B as on Mar 31, 2024.
What does REC do?
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.
What products or services does REC offer?
REC offers Loan Products and Investment Bonds.
Is REC publicly traded?
Yes, REC is publicly traded on NSE under the ticker symbol RECLTD.
Who are REC's investors?
REC has 3 investors. Key investors include Power Finance Corporation India, Government of Maharashtra, and NABARD.
What is REC's ticker symbol?
The ticker symbol of REC is RECLTD on NSE.
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