About Rays Power Experts Limited
Data last updated:
Rays Power Experts Limited is a public limited company based in Jaipur, Rajasthan, India, recognised as a startup by DPIIT. It operates in the power epc segment of the energy and power sector. It was incorporated on 08 March 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U40106RJ2011PLC034452. Its GSTIN is 08AAFCR1929K1Z3 (Rajasthan). The company holds 10 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.39 Cr. It is led by directors including Rahul Gupta (Managing Director) and Nidhi Gupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Jaipur, Rajasthan.
As per the financials filed for FY 2025, the company reported a revenue of ₹134.55 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹25.88 Cr (net margin 19.2%) and EBITDA of ₹38.86 Cr (EBITDA margin 28.9%). Revenue has grown at a compounded annual rate (CAGR) of 56% over three years and 39% over five years.
The company has about 41 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rays Power Expert. As per MCA filings, the company has open charges of ₹81.3 Cr and satisfied charges of ₹128.13 Cr on record. Court records list 78 cases involving the company, including 14 filed by the company and 62 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website raysexperts.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressR – 1 Shreesheel Mohar Plaza Yudister Marg C – Scheme Near Yojana Bhaw, An, Jaipur, Rajasthan, India – 302001
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
CIN History of Rays Power Experts Limited
Rays Power Experts has one previous CIN (Corporate Identification Number): U40106RJ2011PTC034452. The current CIN is U40106RJ2011PLC034452, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106RJ2011PLC034452 | Current |
| U40106RJ2011PTC034452 | Previous |
Associated Brands with Rays Power Experts Limited
Rays Power Experts operates one associated brand: Rays Power Expert. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| EPC services for utility-scale solar PV plants are provided. | raysexperts.com |
Competitors & Alternatives of Rays Power Experts Limited
Brands and companies operating in the same space as Rays Power Experts Limited include Fourth Partner Energy, GREW, Sukhbir Agro Energy and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Fourth Partner Energy | On-grid and off-grid solar solutions and products are provided. | Hyderabad, India | 2010 |
 GREW | Provider of a range of solar products and services | Ahmedabad, India | 2022 |
 Sukhbir Agro Energy | Renewable energy solutions are provided via solar and waste-to-energy initiatives. | Delhi, India | 1999 |
 Mahindra Susten | Turnkey EPC services for solar power plants are provided. | Mumbai, India | 2010 |
 Sterling And Wilson | EPC and MEP services are provided across diverse sectors. | Mumbai, India | 1927 |
 Swelect Energy Systems | Turnkey EPC services for MW-scale solar farms are offered. | Chennai, India | 1984 |
 Roofsol Energy | Provides solar plant installations, providing engineering, procurement, and construction services | Mumbai, India | 2016 |
 Enerparc India | Develops solar energy projects to promote sustainable power solutions. | Bengaluru, India | 2013 |
 Kiran Energy | Grid-connected solar PV plants are developed and operated. | Mumbai, India | 2010 |
 InSolare Energy | Solar large-scale projects are developed and installed by InSolare Energy. | Bengaluru, India | 2008 |
Business Activity of Rays Power Experts Limited
The main business activity of Rays Power Experts is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Rays Power Experts Limited
Rays Power Experts Limited is audited by Ram Naresh & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ram Naresh & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Rays Power Experts Limited
Rays Power Experts has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satya Narayan Vijayvergiya Also directs: Genus Metering Communication Private Limited, Genus Assam Package-4 SPV Limited, Genus Assam Package-2 SPV Limited and 5 more | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Jaishanker Prasad Kanhaiya Lal Bansal | Director | 08 May 2025 | 1 Years 4 Months | Current |
| Rahul Gupta Also directs: Cyrun-Infra Projects LLP, Kinera Mobility LLP, Rpe Energy Reserve Private Limited and 5 more | Managing Director | 08 Mar 2011 | 15 Years 6 Months | Current |
| Nidhi Gupta Also directs: Cyrun-Infra Projects LLP, Rpe Energy Reserve Private Limited, Rpe Energy Reserve 2 Private Limited and 5 more | Whole-Time Director | 08 Mar 2011 | 15 Years 6 Months | Current |
Financials of Rays Power Experts Limited FY 2025 filings available
Rays Power Experts Limited reported revenue of ₹134.55 Cr (up 200% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Rays Power Experts Limited
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 200% growth in the latest year. EBITDA rose 620% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Rays Power Experts Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹38.86 Cr | •••• | •••• | •••• | •••• |
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| Net Profit (PAT) | ₹25.88 Cr | •••• | •••• | •••• | •••• |
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Financial Ratios of Rays Power Experts Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 19.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
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| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
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Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Rays Power Experts are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Rays Power Experts Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rays Power Experts Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Dec 2025 | Indian Overseas Bank | ₹75 Cr | Open |
| 27 Sep 2024 | Others | ₹6.3 Cr | Open |
| 28 Oct 2015 | Others | ₹35 Cr | Satisfied |
| 09 Jun 2015 | State Bank of Bikaner and Jaipur | ₹72.5 Cr | Satisfied |
| 29 May 2015 | Reliance Capital Ltd | ₹18.63 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Rays Power Experts Limited
Rays Power Experts Limited has a workforce of 41 employees as of Sep 23, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Rays Power Experts Limited
Rays Power Experts has 10 GST registrations: 4 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAFCR1929K1Z3 | Rajasthan | Active | 01 Jul 2017 |
| 08AAFCR1929K2Z2 | Rajasthan | Active | 03 Oct 2025 |
| 24AAFCR1929K1Z9 | Gujarat | Active | 01 Jul 2017 |
| 06AAFCR1929K2Z6 | Haryana | Active | 20 Dec 2023 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of Rays Power Experts Limited
Rays Power Experts Limited has 78 court cases on record: 14 filed by Rays Power Experts, 62 filed against it, 2 where it is another party. 6 cases are pending and 72 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 51 | 45 | 2 |
| High courts | 27 | 17 | 4 |
Cases on record (5 of 78)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against Designco Private Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Lohia Gramin Vikas Private Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Designco Private Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Lohia Developers (India) Private Limited | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by Lohia Developers (India) Private Limited | Disposed |
Full case history
All 78 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit Ratings, Litigation & Regulatory Alerts for Rays Power Experts Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Rays Power Experts Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rays Power Experts Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rays Power Experts Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Rays Power Experts Limited
Frequently Asked Questions about Rays Power Experts Limited
Rays Power Experts is an active public limited company based in Jaipur, Rajasthan, India. The company works in power epc, within the energy and power industry. It was incorporated on 08 March 2011 (15+ years old) and is registered under CIN U40106RJ2011PLC034452.
Rays Power Experts reported revenue of ₹134.55 Cr for FY 2025 (up 200% YoY).
Rays Power Experts has 4 current directors:
- Rahul Gupta - Managing Director
- Nidhi Gupta - Whole-Time Director
- Satya Narayan Vijayvergiya - Director
- Jaishanker Prasad Kanhaiya Lal Bansal - Director
Rays Power Experts reported a net profit of ₹25.88 Cr (net margin 19.2%) and EBITDA of ₹38.86 Cr (EBITDA margin 28.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rays Power Experts is 56% over three years and 39% over five years. In the latest year (FY 2025) revenue rose 200%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Rays Power Experts is 08AAFCR1929K1Z3, registered in Rajasthan. The company has 10 GST registrations in all, of which 4 are active and 6 are cancelled or inactive. Other active GSTINs include 08AAFCR1929K2Z2 (Rajasthan), 24AAFCR1929K1Z9 (Gujarat), 06AAFCR1929K2Z6 (Haryana).
The CIN (Corporate Identification Number) of Rays Power Experts is U40106RJ2011PLC034452. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rays Power Experts has 78 court cases on record: 14 filed by the company and 62 filed against it. 6 are pending. Most are in the district courts.
Rays Power Experts was incorporated on 08 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Jaipur.