MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2021-22)
- Udyam number
- UDYAM-RJ-17-0096252
Rays Power Experts Limited - energy and power in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹134.55 Cr
▲ 200% YoY
Net profit · FY 2025
₹25.88 Cr
Net margin 19.2%
EBITDA · FY 2025
₹38.86 Cr
EBITDA margin 28.9%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.39 Cr
Issued & subscribed
Open charges
₹81.3 Cr
Satisfied ₹128.13 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
41
Provident fund records
About Rays Power Experts Limited
Data last updated:
Rays Power Experts Limited is a public limited company based in Jaipur, Rajasthan, India. 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 77 cases involving the company, including 15 filed by the company and 62 filed against it; 6 cases are pending.
Rays Power Experts Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0096252). 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.
Company details
CIN U40106RJ2011PLC034452
Registration Number 034452
Incorporation Date 08 March 2011
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-RJ-17-0096252
CIN history
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 |
Key People
Rahul Gupta Managing Director Nidhi Gupta Whole-Time Director Satya Narayan Vijayvergiya Director Recognitions & Rankings of Rays Power Experts
Contact details
Rays Power Experts Limited's registered office is in Jaipur, Rajasthan. Its website is raysexperts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Rays Power Experts Limited, buy the company report.
Comprehensive company report
Rays Power Experts Limited - one report that includes everything
- 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
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Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Rays Power Experts Limited, buy the company report.
Financials of Rays Power Experts Limited
FY 2025 filings availableRays Power Experts Limited reported revenue of ₹134.55 Cr (up 200% YoY) for FY 2025.
Revenue · FY 2025
₹134.55 Cr ▲ 200%
Net profit · FY 2025
₹25.88 Cr margin 19.2%
EBITDA · FY 2025
₹38.86 Cr margin 28.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 200%
3 years · compounded
▲ 56%
5 years · compounded
▲ 39%
EBITDA CAGR growth
1 year
▲ 620%
3 years · compounded
▲ 214%
5 years · compounded
▲ 86%
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
| 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 | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Rays Power Experts Limited, buy the company report.
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.
Current Directors
| 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 5 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 7 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 7 Months | Current |
Auditor
Rays Power Experts Limited is audited by Ram Naresh & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ram Naresh & Co | FY 2023 | 014379C |
Shareholding
The shareholding of Rays Power Experts Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rays Power Experts Limited, buy the company report.
Charges & borrowings
Open charges
₹81.3 Cr
Satisfied charges
₹128.13 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Dec 2025 | 101205309 | Indian Overseas Bank | ₹75 Cr | Open | |
| 27 Sep 2024 | 100989144 | Others | ₹6.3 Cr | Open | |
| 28 Oct 2015 | 10627732 | Others | ₹35 Cr | Satisfied | |
| 09 Jun 2015 | 10577843 | State Bank of Bikaner and Jaipur | ₹72.5 Cr | Satisfied | |
| 29 May 2015 | 10572009 | Reliance Capital Ltd | ₹18.63 Cr | Satisfied |
To see the full charge records of Rays Power Experts Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Rays Power Experts Limited has 77 court cases on record: 15 filed by Rays Power Experts, 62 filed against it. 6 cases are pending and 71 are disposed.
Total cases
77
Filed by the company
15
Filed against the company
62
Pending
6
Disposed
71
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 49 | 44 | 2 |
| High courts | 27 | 18 | 4 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 77)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against Ms Designco | 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. (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 M/S Designco | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by Lohia Gramin Vikas Pvt Ltd | Disposed |
To see the full case history of Rays Power Experts Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rays Power Experts Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rays Power Experts Limited has a workforce of 41 employees on its EPFO records as of Sep 23, 2025, across 2 active EPFO establishments.
Employee count
41
Active EPFO establishments
2
Employee growth
-50%
GST
Rays Power Experts has 10 GST registrations: 4 active and 6 cancelled or inactive.
Total GSTINs
10
Active
4
Cancelled / inactive
6
| 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 |
To see the full GST registrations and return filing status of Rays Power Experts Limited, buy the company report.
Recent activity
Rays Power Experts Limited has 8 board changes on record since 2011: 4 appointments and 4 cessations. The latest: Jaishanker Prasad Kanhaiya Lal Bansal was appointed as Director on 08 May 2025.
Charges
A charge with Indian Overseas Bank amounted to Rs. 75.00 Cr with Charge ID 101205309 was registered on 02 Dec 2025.
AGM
Rays Power Experts Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Jaishanker Prasad Kanhaiya Lal Bansal was appointed as Director.
Ceased
Nidhi Gupta ceased to be Director.
Ceased
Rahul Gupta ceased to be Director.
Filing
Rays Power Experts Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur.
Appointed
Satya Narayan Vijayvergiya was appointed as Director.
Charges
A charge with Others amounted to Rs. 6.30 Cr with Charge ID 100989144 was registered on 27 Sep 2024.
Charges
A charge registered on 09 Jun 2015 via Charge ID 10577843 with State Bank Of Bikaner And Jaipur was fully satisfied on 05 Apr 2022.
Charges
A charge registered on 23 Mar 2015 via Charge ID 10557067 with Small Industries Development Bank Of India was fully satisfied on 24 Feb 2022.
Ceased
Neha Gupta ceased to be Director.
Charges
A charge registered on 28 Oct 2015 via Charge ID 10627732 with Others was fully satisfied on 30 Sep 2020.
11 earlier events are in the company report.
News
Frequently asked questions
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 has 4 current directors:
- Rahul Gupta - Managing Director
- Nidhi Gupta - Whole-Time Director
- Satya Narayan Vijayvergiya - Director
- Jaishanker Prasad Kanhaiya Lal Bansal - Director
The latest financial statements of Rays Power Experts on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
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 77 court cases on record: 15 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.
Jaishanker Prasad Kanhaiya Lal Bansal was appointed as Director on 08 May 2025. Nidhi Gupta ceased to be Director on 07 May 2025. Rahul Gupta ceased to be Director on 07 May 2025. Rays Power Experts has 8 board changes on record in total.
Yes, Rays Power Experts is registered as a medium enterprise under Udyam registration (number: UDYAM-RJ-17-0096252).
Rays Power Experts can be reached through the website raysexperts.com. Its registered office is in Jaipur, Rajasthan, India.