About Rays Power Infra Limited
Data last updated:
Rays Power Infra Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 13 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2011PLC267684. Its GSTIN is 27AAFCR3720A2ZU (Maharashtra). The company holds 17 GST registrations, of which 14 are active.
The company has an authorised share capital of ₹75.8 Cr and a paid-up capital of ₹57.16 Cr. It is led by directors including Ketan Mehta (Managing Director) and Pawan Kumar Sharma (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st – 21 Evershine Mall North Meter Cabin 1 Malad West, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,198.39 Cr, a growth of 54.19% compared to the previous year.
The company has about 385 employees on its provident fund (EPFO) records. Its group structure includes 11 subsidiaries.
The company is associated with 1 brand: Rays Power Infra. As per MCA filings, the company has open charges of ₹1,132.92 Cr and satisfied charges of ₹763.06 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rayspowerinfra.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1st – 21 Evershine Mall North Meter Cabin 1 Malad West, Mumbai, Maharashtra, India – 400064
- 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 Infra Limited
Rays Power Infra has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40106MH2011PLC267684, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106MH2011PLC267684 | Current |
| U40106RJ2011PTC035489 | Previous |
| U40106MH2011PTC267684 | Previous |
Associated Brands with Rays Power Infra Limited
Rays Power Infra operates one associated brand: Rays Power Infra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Turnkey solar engineering, procurement, and construction solutions are provided. | rayspowerinfra.com |
Competitors & Alternatives of Rays Power Infra Limited
Brands and companies operating in the same space as Rays Power Infra Limited include Fourth Partner Energy, Oriano Solar, GREW and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Fourth Partner Energy | On-grid and off-grid solar solutions and products are provided. | Hyderabad, India | 2010 |
 Oriano Solar | Solar energy projects are developed by Oriano Solar in India. | Mumbai, India | 2015 |
 GREW | Provider of a range of solar products and services | Ahmedabad, India | 2022 |
 SB Energy | Solar energy projects are developed and managed globally. | Delhi, India | 2015 |
 Amplus Solar | Solar installation services and renewable energy solutions are provided. | Gurugram, India | 2008 |
 Sterling And Wilson | EPC and MEP services are provided across diverse sectors. | Mumbai, India | 1927 |
 Ampin Energy Transition | Developer of utility scale solar and wind power projects | Delhi, India | 2016 |
 ICOMM Tele | Manufacturer of power transmission structures, defense solutions, and renewable energy systems | Hyderabad, India | 1989 |
 Reliance Power | Developer of solar energy projects | Mumbai, India | 1995 |
Business Activity of Rays Power Infra Limited
Rays Power Infra operates primarily in the electricity, gas, steam and air condition supply sector. One business activity is registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Electricity, gas, steam and air condition supply | Locked | Electric power generation, transmission and distribution | Locked |
Detailed business activity records
Activity codes and each activity's share of turnover are in the company report.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of Rays Power Infra Limited
Rays Power Infra Limited is audited by G. M. Kapadia & Co. for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G. M. Kapadia & 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 Infra Limited
Rays Power Infra has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Kumar Singh Also directs: Shining Sun Power Private Limited | Director | 16 Oct 2023 | 2 Years 11 Months | Current |
| Rashmi Bafna | Director | 16 Oct 2023 | 2 Years 11 Months | Current |
| Akhilesh Kumar Jain Also directs: RMC Switchgears Limited, GP Eco Solutions India Limited, Insolation Energy Limited and 2 more | Director | 16 Oct 2023 | 2 Years 11 Months | Current |
| Pawan Kumar Sharma | Whole-Time Director | 13 Jun 2011 | 15 Years 3 Months | Current |
| Ketan Mehta | Managing Director | 05 Jan 2012 | 14 Years 9 Months | Current |
| Sanjay Garudapally | Whole-Time Director | 05 Jan 2012 | 14 Years 9 Months | Current |
Financials of Rays Power Infra Limited FY 2025 filings available
Rays Power Infra Limited reported revenue of ₹1,198.39 Cr (up 54.19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Rays Power Infra Limited
Revenue rose 54.19% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Rays Power Infra Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹1,198.39 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Rays Power Infra Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
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 Infra 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 Infra 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.
Group Structure of Rays Power Infra Limited
Rays Power Infra has 11 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Rays Green Energy Manufacturing Private Limited | U27200RJ2022PTC080641 | Locked |
| Tuticorin Solar Projects Private Limited | U40100RJ2017PTC058130 | Locked |
| Mandawa Solar Power Private Limited | U40100RJ2022PTC080861 | Locked |
| Honavar Solar Power Private Limited | U40100RJ2022PTC081513 | Locked |
| Shining Sun Power Private Limited | U40104MH2014PTC267611 | Locked |
| Rays Future Energy India Private Limited | U40106RJ2016PTC054937 | Locked |
Showing major subsidiaries. Total: 11.
Charges & Borrowings of Rays Power Infra Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 May 2026 | Others | ₹50 Cr | Open |
| 19 Jan 2026 | Yes Bank Limited | ₹50 Cr | Open |
| 17 Oct 2025 | Others | ₹50 Cr | Open |
| 02 Apr 2025 | Idbi Bank Limited | ₹40 Cr | Open |
| 27 Nov 2024 | Others | ₹1.32 Cr | Open |
Total charge records: 43 View all charges
Employees and EPFO Compliance at Rays Power Infra Limited
Rays Power Infra Limited has a workforce of 385 employees as of Oct 10, 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 Infra Limited
Rays Power Infra has 17 GST registrations: 14 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCR3720A2ZU | Maharashtra | Active | 07 Apr 2025 |
| 05AAFCR3720A1Z1 | Uttarakhand | Active | 01 Jul 2017 |
| 08AAFCR3720A1ZV | Rajasthan | Active | 01 Jul 2017 |
| 09AAFCR3720A1ZT | Uttar Pradesh | Active | 01 Jul 2017 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Rays Power Infra 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 Infra 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 Infra 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 Infra 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 Infra Limited
Recent News on Rays Power Infra Limited
Frequently Asked Questions about Rays Power Infra Limited
Rays Power Infra is an active public limited company based in Mumbai, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 13 June 2011 (15+ years old) and is registered under CIN U40106MH2011PLC267684.
Rays Power Infra reported revenue of ₹1,198.39 Cr for FY 2025 (up 54.19% YoY).
Rays Power Infra has 6 current directors:
- Ketan Mehta - Managing Director
- Pawan Kumar Sharma - Whole-Time Director
- Sanjay Garudapally - Whole-Time Director
- Mahendra Kumar Singh - Director
- Rashmi Bafna - Director
- Akhilesh Kumar Jain - Director
The GSTIN of Rays Power Infra is 27AAFCR3720A2ZU, registered in Maharashtra. The company has 17 GST registrations in all, of which 14 are active and 3 are cancelled or inactive. Other active GSTINs include 05AAFCR3720A1Z1 (Uttarakhand), 08AAFCR3720A1ZV (Rajasthan), 09AAFCR3720A1ZT (Uttar Pradesh).
The CIN (Corporate Identification Number) of Rays Power Infra is U40106MH2011PLC267684. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rays Power Infra was incorporated on 13 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Rays Power Infra can be reached through the website rayspowerinfra.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Rays Power Infra is at 1st – 21 Evershine Mall North Meter Cabin 1 Malad West, Mumbai, Maharashtra, India – 400064.
Rays Power Infra has an authorised share capital of ₹75.8 Cr and a paid-up capital of ₹57.16 Cr.