About Rec Limited
Data last updated: 11 January 2026
Rec Limited is a public limited union government company based in New Delhi, Delhi, India, a subsidiary of Power Finance Corporation Limited and recognised as a startup by DPIIT. It specialises in non-banking financial services (NBFC), a part of the broader financial services sector. Incorporated on 25 July 1969, the company has been in operation for over 57 years.
Registered with ROC Delhi under CIN L40101DL1969GOI005095. Listed on BSE: 532955 and NSE: RECLTD.
Capital: an authorised share capital of ₹5,000 Cr and a paid-up capital of ₹2,633.22 Cr. Formerly known as Rural Electrification Corporation Limited and Rural Electrification Corporation Private Limited. It is led by directors including Gambheer Singh and Shashank Misra.
Last AGM: 27 August 2025. Financial statements filed for year ended 31 March 2025. Office: Core 4Scope Complex 7 Lodi Road, New Delhi, Delhi, India – 110003.
As per the financials filed for FY 2024, the company reported a revenue of ₹47,214 Cr, a growth of 20.28% compared to the previous year.
It operates as a subsidiary of Power Finance Corporation Limited. Its group structure includes 24 subsidiaries.
The company is associated with 2 brands - Recipmt, Rec. As per MCA filings, the company has open charges of ₹80,762 Cr and satisfied charges of ₹132,771 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 recindia.nic.in.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressCore 4Scope Complex 7 Lodi Road, New Delhi, Delhi, India – 110003
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IndustryFinancial Services, NBFC, Infra Finance Institutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Rec Limited
Rec Limited has undergone 2 name changes throughout its history. The company was previously known as Rural Electrification Corporation Limited, and Rural Electrification Corporation Private Limited. The current legal name is Rec Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Rec Limited | Current |
| Rural Electrification Corporation Limited | Previous |
| Rural Electrification Corporation Private Limited | Previous |
CIN History of Rec Limited
Rec Limited has one previous CIN (Corporate Identification Number): U40101DL1969GOI005095. The current CIN is L40101DL1969GOI005095, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40101DL1969GOI005095 | Current |
| U40101DL1969GOI005095 | Previous |
Associated Brands with Rec Limited
Rec Limited operates two associated brands: RECIPMT and REC. These brands represent Rec Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Infrastructural financing is provided for development projects in India. | recindia.nic.in | |
| Training institute focused on power and energy sectors in India. | recipmt.com |
Business Activity of Rec Limited
Rec Limited operates primarily in the financial and insurance service sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| ********* | Financial and insurance Service | ********* | Financial and Credit leasing activities | ********* |
Auditor Details of Rec Limited
Rec Limited is audited by M/s. Kailash Chand Jain & Co. (ICAI peer reviewed, certificate valid till 2027-03-31); M/s. SCV & Co. LLP. (ICAI peer reviewed, certificate valid till 2027-02-28) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s. Kailash Chand Jain & Co. (ICAI peer reviewed, certificate valid till 2027-03-31); M/s. SCV & Co. LLP. (ICAI peer reviewed, certificate valid till 2027-02-28) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Rec Limited
Rec Limited is currently managed by 14 directors, with 53 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Gambheer Singh
Also directs:
Samarpan Hospital Private Limited
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Director | 17 Apr 2025 | 1 Years 2 Months | Current |
|
Shashank Misra
Also directs:
Power Finance Corporation Limited
|
Nominee Director | 21 Aug 2023 | 2 Years 10 Months | Current |
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Thangarajan Subash Chandira Bosh
Also directs:
Bihar Grid Company Limited, Rec Power Development And Consultancy Limited, U.P. Power Transmission Corporation Limited and 5 more
|
Additional Director | 03 Oct 2025 | 0 Years 9 Months | Current |
|
Awanish Kumar Bharati
Also directs:
Kankani Power Transmission Limited, Tuticorin Power Transmission Limited, Mekhali Power Transmission Limited and 5 more
|
Deputy Nodal Officer | 24 Jun 2025 | 1 Years 0 Months | Current |
|
Jitendra Srivastava
Also directs:
Rec Power Development And Consultancy Limited
|
Managing Director | 22 Apr 2025 | 1 Years 2 Months | Current |
| Dinesh Garg | Company Secretary | 01 Dec 2025 | 0 Years 7 Months | Current |
Financials of Rec Limited FY 2026 filings available
Rec Limited reported revenue of ₹59,584 Cr (up 5.71% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹59,584 Cr | ₹56,367 Cr | ₹47,505 Cr | ₹39,478 Cr | ₹39,269 Cr | ₹35,553 Cr | ₹29,930 Cr |
| Interest Earned | ₹57,860 Cr | ₹55,105 Cr | ₹46,431 Cr | ₹38,846 Cr | ₹38,194 Cr | ₹34,693 Cr | ₹29,672 Cr |
| Other Income | ₹44.19 Cr | ₹67.48 Cr | ₹66.48 Cr | ₹41.9 Cr | ₹70.15 Cr | ₹22.72 Cr | ₹77.27 Cr |
| Total Income | ₹59,628 Cr | ₹56,434 Cr | ₹47,571 Cr | ₹39,520 Cr | ₹39,339 Cr | ₹35,575 Cr | ₹30,007 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹271.51 Cr | ₹268.13 Cr | ₹238.03 Cr | ₹204.1 Cr | ₹180.09 Cr | ₹163.62 Cr | ₹193.15 Cr |
| Finance Costs | ₹36,238 Cr | ₹34,131 Cr | ₹29,948 Cr | ₹23,733 Cr | ₹22,051 Cr | ₹21,489 Cr | ₹18,991 Cr |
| Depreciation & Amortisation | ₹27.05 Cr | ₹24.7 Cr | ₹23.99 Cr | ₹24.26 Cr | ₹18.24 Cr | ₹10.86 Cr | ₹11.77 Cr |
| Other Expenses | ₹1,097.58 Cr | ₹857.2 Cr | ₹756.85 Cr | ₹1,502.34 Cr | ₹1,160.82 Cr | ₹674.42 Cr | ₹2,819.21 Cr |
| Total Expenses | ₹38,844 Cr | ₹36,317 Cr | ₹29,611 Cr | ₹25,622 Cr | ₹26,897 Cr | ₹24,794 Cr | ₹22,986 Cr |
| Profit Before Exceptional Items & Tax | ₹20,785 Cr | ₹20,117 Cr | ₹17,960 Cr | ₹13,898 Cr | ₹12,442 Cr | ₹10,782 Cr | ₹7,020.84 Cr |
| Exceptional Items | -₹18.28 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹20,766 Cr | ₹20,117 Cr | ₹17,960 Cr | ₹13,898 Cr | ₹12,442 Cr | ₹10,782 Cr | ₹7,020.84 Cr |
| Total Tax Expense | ₹4,458.16 Cr | ₹4,233.24 Cr | ₹3,814.48 Cr | ₹2,730.69 Cr | ₹2,394.83 Cr | ₹2,401.35 Cr | ₹2,057.71 Cr |
| Net Profit | ₹16,308 Cr | ₹15,884 Cr | ₹14,145 Cr | ₹11,167 Cr | ₹10,036 Cr | ₹8,378.24 Cr | ₹4,972.27 Cr |
| attributable to Owners | ₹16,308 Cr | ₹15,884 Cr | ₹14,145 Cr | ₹11,167 Cr | ₹0 | - | - |
| attributable to NCI | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | - | - |
| Other Comprehensive Income | -₹4,166.35 Cr | -₹1,516.8 Cr | ₹1,044.27 Cr | -₹971.04 Cr | -₹57.9 Cr | ₹457.76 Cr | -₹553.85 Cr |
| Total Comprehensive Income | ₹12,142 Cr | ₹14,367 Cr | ₹15,190 Cr | ₹10,196 Cr | ₹9,977.8 Cr | ₹8,836 Cr | ₹4,418.42 Cr |
| EBITDA (computed) | ₹57,050 Cr | ₹54,273 Cr | ₹47,932 Cr | ₹37,655 Cr | ₹34,512 Cr | ₹32,281 Cr | ₹26,024 Cr |
| Basic EPS | ₹61.81 | ₹60.20 | ₹53.59 | ₹42.28 | ₹50.82 | ₹42.42 | ₹25.18 |
| Diluted EPS | ₹61.81 | ₹60.20 | ₹53.59 | ₹42.28 | ₹50.82 | ₹42.42 | ₹25.18 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹640,158 Cr | ₹614,502 Cr | ₹548,191 Cr | ₹465,503 Cr |
| Property, Plant & Equipment | ₹612.51 Cr | ₹625.99 Cr | ₹630.98 Cr | ₹639.17 Cr |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Cash & Equivalents | ₹293.39 Cr | ₹233.57 Cr | ₹262.75 Cr | ₹48.7 Cr |
| Equity (Net Worth) | ₹85,054 Cr | ₹78,376 Cr | ₹69,350 Cr | ₹58,121 Cr |
| Equity Share Capital | ₹2,633.22 Cr | ₹2,633.22 Cr | ₹2,633.22 Cr | ₹2,633.22 Cr |
| Total Liabilities | ₹555,104 Cr | ₹536,126 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹5,971.57 Cr | -₹39,101 Cr | -₹57,723 Cr | -₹37,360 Cr | -₹3,909.68 Cr |
| Investing Cash Flow | -₹3,307.66 Cr | -₹1,265.34 Cr | -₹1,830.97 Cr | -₹942.95 Cr | -₹287.46 Cr |
| Financing Cash Flow | -₹2,375.02 Cr | ₹40,034 Cr | ₹59,588 Cr | ₹38,123 Cr | ₹3,158.89 Cr |
| Capital Expenditure | ₹75.2 Cr | ₹81.27 Cr | ₹33.63 Cr | ₹17.67 Cr | ₹21.76 Cr |
| Free Cash Flow (computed) | ₹5,896.37 Cr | -₹39,182 Cr | -₹57,756 Cr | -₹37,377 Cr | -₹3,931.44 Cr |
| Dividends Paid | ₹6,109.08 Cr | ₹5,608.77 Cr | ₹2,857.05 Cr | ₹3,120.37 Cr | ₹2,411.37 Cr |
| Net Change in Cash | ₹288.89 Cr | -₹332.53 Cr | ₹34.2 Cr | -₹179.88 Cr | -₹1,038.25 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹14,564 Cr | ₹15,018 Cr | ₹15,153 Cr | ₹14,737 Cr | ₹15,334 Cr | ₹14,272 Cr | ₹13,682 Cr | ₹13,079 Cr | ₹12,677 Cr | ₹12,052 Cr | ₹11,688 Cr | ₹11,088 Cr |
| Interest Earned | ₹14,119 Cr | ₹14,527 Cr | ₹14,590 Cr | ₹14,512 Cr | ₹14,947 Cr | ₹13,978 Cr | ₹13,485 Cr | ₹12,695 Cr | ₹12,390 Cr | ₹11,950 Cr | ₹11,399 Cr | ₹10,692 Cr |
| Other Income | ₹19.57 Cr | ₹40.9 Cr | ₹9.71 Cr | ₹86.53 Cr | ₹14.83 Cr | ₹14.99 Cr | ₹23.88 Cr | ₹13.78 Cr | ₹29.48 Cr | ₹19.77 Cr | ₹13.02 Cr | ₹4.21 Cr |
| Total Income | ₹14,583 Cr | ₹15,059 Cr | ₹15,162 Cr | ₹14,824 Cr | ₹15,348 Cr | ₹14,287 Cr | ₹13,706 Cr | ₹13,092 Cr | ₹12,707 Cr | ₹12,072 Cr | ₹11,701 Cr | ₹11,092 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹70.2 Cr | ₹70.63 Cr | ₹66.7 Cr | ₹63.98 Cr | ₹85.5 Cr | ₹54.83 Cr | ₹65.47 Cr | ₹62.33 Cr | ₹66.07 Cr | ₹69.43 Cr | ₹48.51 Cr | ₹54.02 Cr |
| Finance Costs | ₹8,930.74 Cr | ₹9,242.53 Cr | ₹9,130.68 Cr | ₹8,934.18 Cr | ₹8,768.41 Cr | ₹8,837.02 Cr | ₹8,505.61 Cr | ₹8,020.25 Cr | ₹7,895.71 Cr | ₹7,653.59 Cr | ₹7,349.77 Cr | ₹7,048.67 Cr |
| Depreciation & Amortisation | ₹6.89 Cr | ₹6.8 Cr | ₹6.66 Cr | ₹6.7 Cr | ₹6.49 Cr | ₹6.31 Cr | ₹5.98 Cr | ₹5.91 Cr | ₹6.02 Cr | ₹6 Cr | ₹6.14 Cr | ₹5.83 Cr |
| Other Expenses | ₹507.9 Cr | ₹203.79 Cr | ₹209.89 Cr | ₹176 Cr | ₹220.76 Cr | ₹287.52 Cr | ₹165.69 Cr | ₹183.23 Cr | ₹234.16 Cr | ₹108.78 Cr | ₹220.34 Cr | ₹193.57 Cr |
| Total Expenses | ₹10,169 Cr | ₹9,903.89 Cr | ₹9,613.44 Cr | ₹9,157.57 Cr | ₹9,858.48 Cr | ₹9,105.94 Cr | ₹8,608.92 Cr | ₹8,743.21 Cr | ₹7,477.18 Cr | ₹7,899.85 Cr | ₹6,863.65 Cr | ₹7,370.61 Cr |
| Profit Before Exceptional Items & Tax | ₹4,414.54 Cr | ₹5,154.71 Cr | ₹5,548.94 Cr | ₹5,666.41 Cr | ₹5,489.89 Cr | ₹5,180.97 Cr | ₹5,097.39 Cr | ₹4,349.23 Cr | ₹5,229.48 Cr | ₹4,171.69 Cr | ₹4,837.61 Cr | ₹3,721.16 Cr |
| Exceptional Items | ₹0 | -₹18.28 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹4,414.54 Cr | ₹5,136.43 Cr | ₹5,548.94 Cr | ₹5,666.41 Cr | ₹5,489.89 Cr | ₹5,180.97 Cr | ₹5,097.39 Cr | ₹4,349.23 Cr | ₹5,229.48 Cr | ₹4,171.69 Cr | ₹4,837.61 Cr | ₹3,721.16 Cr |
| Total Tax Expense | ₹1,039.46 Cr | ₹1,083.99 Cr | ₹1,134.01 Cr | ₹1,200.7 Cr | ₹1,179.91 Cr | ₹1,104.62 Cr | ₹1,059.67 Cr | ₹889.04 Cr | ₹1,150.39 Cr | ₹863.27 Cr | ₹1,047.71 Cr | ₹753.11 Cr |
| Net Profit | ₹3,375.08 Cr | ₹4,052.44 Cr | ₹4,414.93 Cr | ₹4,465.71 Cr | ₹4,309.98 Cr | ₹4,076.35 Cr | ₹4,037.72 Cr | ₹3,460.19 Cr | ₹4,079.09 Cr | ₹3,308.42 Cr | ₹3,789.9 Cr | ₹2,968.05 Cr |
| attributable to Owners | ₹3,375.08 Cr | ₹4,052.44 Cr | ₹4,414.93 Cr | ₹4,465.71 Cr | ₹4,309.98 Cr | ₹4,076.35 Cr | ₹4,037.72 Cr | ₹3,460.19 Cr | ₹4,079.09 Cr | ₹3,308.42 Cr | ₹3,789.9 Cr | ₹2,968.05 Cr |
| attributable to NCI | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | -₹3,046.83 Cr | ₹676.12 Cr | ₹668.52 Cr | -₹2,464.16 Cr | -₹1,050.14 Cr | ₹702.67 Cr | -₹1,251.9 Cr | ₹82.57 Cr | ₹1,166.74 Cr | -₹720.31 Cr | ₹415.39 Cr | ₹182.45 Cr |
| Total Comprehensive Income | ₹328.25 Cr | ₹4,728.56 Cr | ₹5,083.45 Cr | ₹2,001.55 Cr | ₹3,259.84 Cr | ₹4,779.02 Cr | ₹2,785.82 Cr | ₹3,542.76 Cr | ₹5,245.83 Cr | ₹2,588.11 Cr | ₹4,205.29 Cr | ₹3,150.5 Cr |
| EBITDA (computed) | ₹13,352 Cr | ₹14,404 Cr | ₹14,686 Cr | ₹14,607 Cr | ₹14,265 Cr | ₹14,024 Cr | ₹13,609 Cr | ₹12,375 Cr | ₹13,131 Cr | ₹11,831 Cr | ₹12,194 Cr | ₹10,776 Cr |
| Basic EPS | ₹12.69 | ₹15.39 | ₹16.77 | ₹16.96 | ₹16.24 | ₹15.48 | ₹15.33 | ₹13.14 | ₹15.36 | ₹12.56 | ₹14.39 | ₹11.27 |
| Diluted EPS | ₹12.69 | ₹15.39 | ₹16.77 | ₹16.96 | ₹16.24 | ₹15.48 | ₹15.33 | ₹13.14 | ₹15.36 | ₹12.56 | ₹14.39 | ₹11.27 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹59,140 Cr | ₹55,911 Cr | ₹47,214 Cr | ₹39,208 Cr | ₹39,132 Cr | ₹35,388 Cr | ₹29,791 Cr |
| Interest Earned | ₹57,812 Cr | ₹55,070 Cr | ₹46,410 Cr | ₹38,836 Cr | ₹38,186 Cr | ₹34,684 Cr | ₹29,663 Cr |
| Other Income | ₹47.26 Cr | ₹68.5 Cr | ₹0 | ₹44.67 Cr | ₹97.96 Cr | ₹22.55 Cr | ₹63.92 Cr |
| Total Income | ₹59,187 Cr | ₹55,980 Cr | ₹47,214 Cr | ₹39,253 Cr | ₹39,230 Cr | ₹35,410 Cr | ₹29,855 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹243.29 Cr | ₹244.8 Cr | ₹213.84 Cr | ₹181.63 Cr | ₹158.86 Cr | ₹144.84 Cr | ₹175.79 Cr |
| Finance Costs | ₹36,241 Cr | ₹34,135 Cr | ₹29,949 Cr | ₹23,738 Cr | ₹22,053 Cr | ₹21,489 Cr | ₹18,997 Cr |
| Depreciation & Amortisation | ₹26.62 Cr | ₹24.39 Cr | ₹23.72 Cr | ₹24.09 Cr | ₹17.96 Cr | ₹9.53 Cr | ₹10 Cr |
| Other Expenses | ₹783.53 Cr | ₹682.6 Cr | ₹580.81 Cr | ₹1,439.38 Cr | ₹1,085.78 Cr | ₹581.29 Cr | ₹2,748 Cr |
| Total Expenses | ₹38,474 Cr | ₹36,120 Cr | ₹29,434 Cr | ₹25,514 Cr | ₹26,806 Cr | ₹24,654 Cr | ₹22,872 Cr |
| Profit Before Exceptional Items & Tax | ₹20,713 Cr | ₹19,860 Cr | ₹17,781 Cr | ₹13,739 Cr | ₹12,425 Cr | ₹10,756 Cr | ₹6,983.29 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹20,713 Cr | ₹19,860 Cr | ₹17,781 Cr | ₹13,739 Cr | ₹12,425 Cr | ₹10,756 Cr | ₹6,983.29 Cr |
| Total Tax Expense | ₹4,430.93 Cr | ₹4,146.57 Cr | ₹3,761.43 Cr | ₹2,684.13 Cr | ₹2,378.98 Cr | ₹2,394.35 Cr | ₹2,097.13 Cr |
| Net Profit | ₹16,282 Cr | ₹15,713 Cr | ₹14,019 Cr | ₹11,055 Cr | ₹10,046 Cr | ₹8,361.78 Cr | ₹4,886.16 Cr |
| Other Comprehensive Income | -₹4,166.35 Cr | -₹1,516.8 Cr | ₹1,044.27 Cr | -₹971.04 Cr | -₹59.07 Cr | ₹456.52 Cr | -₹549.79 Cr |
| Total Comprehensive Income | ₹12,116 Cr | ₹14,196 Cr | ₹15,063 Cr | ₹10,084 Cr | ₹9,986.85 Cr | ₹8,818.3 Cr | ₹4,336.37 Cr |
| EBITDA (computed) | ₹56,981 Cr | ₹54,019 Cr | ₹47,754 Cr | ₹37,501 Cr | ₹34,496 Cr | ₹32,255 Cr | ₹25,990 Cr |
| Basic EPS | ₹61.71 | ₹59.55 | ₹53.11 | ₹41.86 | ₹50.87 | ₹42.34 | ₹24.74 |
| Diluted EPS | ₹61.71 | ₹59.55 | ₹53.11 | ₹41.86 | ₹50.87 | ₹42.34 | ₹24.74 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹639,076 Cr | ₹613,555 Cr | ₹547,440 Cr | ₹464,877 Cr |
| Property, Plant & Equipment | ₹565.36 Cr | ₹578.16 Cr | ₹630.21 Cr | ₹638.91 Cr |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Cash & Equivalents | ₹45.36 Cr | ₹54.69 Cr | ₹46.26 Cr | ₹39 Cr |
| Equity (Net Worth) | ₹84,290 Cr | ₹77,638 Cr | ₹68,783 Cr | ₹57,680 Cr |
| Equity Share Capital | ₹2,633.22 Cr | ₹2,633.22 Cr | ₹2,633.22 Cr | ₹2,633.22 Cr |
| Total Liabilities | ₹554,786 Cr | ₹535,918 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹5,913.62 Cr | -₹39,182 Cr | -₹57,885 Cr | -₹37,482 Cr | -₹3,962.66 Cr |
| Investing Cash Flow | -₹3,318.86 Cr | -₹1,146.36 Cr | -₹1,875.19 Cr | -₹803.87 Cr | -₹210.32 Cr |
| Financing Cash Flow | -₹2,375.02 Cr | ₹40,034 Cr | ₹59,588 Cr | ₹38,111 Cr | ₹3,158.89 Cr |
| Capital Expenditure | ₹74.7 Cr | ₹81.12 Cr | ₹32.81 Cr | ₹17.62 Cr | ₹21.7 Cr |
| Free Cash Flow (computed) | ₹5,838.92 Cr | -₹39,263 Cr | -₹57,918 Cr | -₹37,499 Cr | -₹3,984.36 Cr |
| Dividends Paid | ₹6,109.08 Cr | ₹5,608.77 Cr | ₹2,857.05 Cr | ₹3,120.37 Cr | ₹2,411.37 Cr |
| Net Change in Cash | ₹219.74 Cr | -₹294.93 Cr | -₹172.59 Cr | -₹174.99 Cr | -₹1,014.09 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹14,386 Cr | ₹14,911 Cr | ₹15,084 Cr | ₹14,646 Cr | ₹15,159 Cr | ₹14,157 Cr | ₹13,571 Cr | ₹13,023 Cr | ₹12,643 Cr | ₹11,982 Cr | ₹11,576 Cr | ₹10,959 Cr |
| Interest Earned | ₹14,102 Cr | ₹14,518 Cr | ₹14,577 Cr | ₹14,502 Cr | ₹14,935 Cr | ₹13,970 Cr | ₹13,474 Cr | ₹12,690 Cr | ₹12,384 Cr | ₹11,944 Cr | ₹11,393 Cr | ₹10,689 Cr |
| Other Income | ₹20.29 Cr | ₹41.62 Cr | ₹10.48 Cr | ₹87.39 Cr | ₹14.71 Cr | ₹15.52 Cr | ₹24.52 Cr | ₹13.75 Cr | ₹0 | ₹18.4 Cr | ₹14.22 Cr | ₹5.06 Cr |
| Total Income | ₹14,406 Cr | ₹14,953 Cr | ₹15,095 Cr | ₹14,734 Cr | ₹15,174 Cr | ₹14,173 Cr | ₹13,596 Cr | ₹13,037 Cr | ₹12,643 Cr | ₹12,000 Cr | ₹11,590 Cr | ₹10,964 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹62.8 Cr | ₹63.74 Cr | ₹59.98 Cr | ₹56.77 Cr | ₹60.82 Cr | ₹49.47 Cr | ₹59.22 Cr | ₹56.64 Cr | ₹59.57 Cr | ₹63.36 Cr | ₹42.61 Cr | ₹48.3 Cr |
| Finance Costs | ₹8,931.65 Cr | ₹9,242.93 Cr | ₹9,131.61 Cr | ₹8,935.1 Cr | ₹8,769.93 Cr | ₹8,837.34 Cr | ₹8,506.54 Cr | ₹8,021.17 Cr | ₹7,896.05 Cr | ₹7,653.34 Cr | ₹7,350.04 Cr | ₹7,049.84 Cr |
| Depreciation & Amortisation | ₹6.75 Cr | ₹6.67 Cr | ₹6.58 Cr | ₹6.62 Cr | ₹6.41 Cr | ₹6.23 Cr | ₹5.9 Cr | ₹5.85 Cr | ₹5.98 Cr | ₹5.89 Cr | ₹6.07 Cr | ₹5.78 Cr |
| Other Expenses | ₹370.59 Cr | ₹145.26 Cr | ₹149.16 Cr | ₹118.52 Cr | ₹171.49 Cr | ₹255.37 Cr | ₹124.11 Cr | ₹150.28 Cr | ₹236.93 Cr | ₹101.75 Cr | ₹138.86 Cr | ₹86.9 Cr |
| Total Expenses | ₹10,009 Cr | ₹9,836.1 Cr | ₹9,541.81 Cr | ₹9,086.91 Cr | ₹9,789.48 Cr | ₹9,063.04 Cr | ₹8,556.08 Cr | ₹8,711.24 Cr | ₹7,495.54 Cr | ₹7,885.8 Cr | ₹6,783.49 Cr | ₹7,252.31 Cr |
| Profit Before Exceptional Items & Tax | ₹4,397.09 Cr | ₹5,116.4 Cr | ₹5,552.8 Cr | ₹5,646.9 Cr | ₹5,384.67 Cr | ₹5,109.67 Cr | ₹5,039.62 Cr | ₹4,325.82 Cr | ₹5,147.77 Cr | ₹4,114.25 Cr | ₹4,806.67 Cr | ₹3,711.95 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹4,397.09 Cr | ₹5,116.4 Cr | ₹5,552.8 Cr | ₹5,646.9 Cr | ₹5,384.67 Cr | ₹5,109.67 Cr | ₹5,039.62 Cr | ₹4,325.82 Cr | ₹5,147.77 Cr | ₹4,114.25 Cr | ₹4,806.67 Cr | ₹3,711.95 Cr |
| Total Tax Expense | ₹1,034.79 Cr | ₹1,073.32 Cr | ₹1,126.94 Cr | ₹1,195.88 Cr | ₹1,148.47 Cr | ₹1,080.58 Cr | ₹1,034.15 Cr | ₹883.37 Cr | ₹1,131.47 Cr | ₹844.94 Cr | ₹1,033.8 Cr | ₹751.22 Cr |
| Net Profit | ₹3,362.3 Cr | ₹4,043.08 Cr | ₹4,425.86 Cr | ₹4,451.02 Cr | ₹4,236.2 Cr | ₹4,029.09 Cr | ₹4,005.47 Cr | ₹3,442.45 Cr | ₹4,016.3 Cr | ₹3,269.31 Cr | ₹3,772.87 Cr | ₹2,960.73 Cr |
| Other Comprehensive Income | -₹3,046.83 Cr | ₹676.12 Cr | ₹668.52 Cr | -₹2,464.16 Cr | -₹1,050.14 Cr | ₹702.67 Cr | -₹1,251.9 Cr | ₹82.57 Cr | ₹1,166.74 Cr | -₹720.31 Cr | ₹415.39 Cr | ₹182.45 Cr |
| Total Comprehensive Income | ₹315.47 Cr | ₹4,719.2 Cr | ₹5,094.38 Cr | ₹1,986.86 Cr | ₹3,186.06 Cr | ₹4,731.76 Cr | ₹2,753.57 Cr | ₹3,525.02 Cr | ₹5,183.04 Cr | ₹2,549 Cr | ₹4,188.26 Cr | ₹3,143.18 Cr |
| EBITDA (computed) | ₹13,335 Cr | ₹14,366 Cr | ₹14,691 Cr | ₹14,589 Cr | ₹14,161 Cr | ₹13,953 Cr | ₹13,552 Cr | ₹12,353 Cr | ₹13,050 Cr | ₹11,773 Cr | ₹12,163 Cr | ₹10,768 Cr |
| Basic EPS | ₹12.64 | ₹15.35 | ₹16.81 | ₹16.90 | ₹15.96 | ₹15.31 | ₹15.21 | ₹13.07 | ₹15.13 | ₹12.42 | ₹14.33 | ₹11.24 |
| Diluted EPS | ₹12.64 | ₹15.35 | ₹16.81 | ₹16.90 | ₹15.96 | ₹15.31 | ₹15.21 | ₹13.07 | ₹15.13 | ₹12.42 | ₹14.33 | ₹11.24 |
Shareholding Pattern of Rec Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 52.63%, foreign institutional investors hold 15.79%, domestic institutional investors hold 16.35%, retail and other public shareholders hold 15.17% of Rec Limited. The company had 1,208,647 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% |
| Public | 47.37% | 47.37% | 47.37% | 47.37% | 47.37% | 47.37% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% | 52.63% | 58.32% | 58.86% | 60.64% |
| Public | 47.37% | 47.37% | 47.37% | 47.37% | 47.37% | 47.37% | 47.36% | 47.37% | 41.68% | 41.14% | 39.36% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | +0.00 | +0.00 | +0.00 | +0.00 | +0.00 | -5.69 | -0.54 | -1.78 | - |
Board & Governance of Rec Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Rec Limited has 8 directors - 3 independent and 3 executive. The board is chaired by Jitendra Srivastava.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Jitendra Srivastava | Executive Director · Chairperson | 2025-04-22 | 1 |
| Thangarajan Subash Chandira Bosh | Executive Director | 2025-10-03 | 1 |
| Shashank Misra | Non-Executive - Nominee Director | 2023-08-21 | 2 |
| Manoj Sharma | Non-Executive - Nominee Director | 2023-07-11 | 2 |
| Gambheer Singh | Non-Executive - Independent Director | 2025-04-17 | 1 |
| Durgesh Nandini | Non-Executive - Independent Director | 2025-04-17 | 1 |
| Harsh Baweja | Executive Director | 2024-05-14 | 0 |
| Narayanan Thirupathy | Non-Executive - Independent Director | 2023-03-06 | 0 |
| Committee | Members |
|---|---|
| Audit Committee | Durgesh Nandini (Chairperson), Gambheer Singh, Manoj Sharma, Narayanan Thirupathy (Chairperson) |
| Nomination and remuneration committee | Gambheer Singh (Chairperson), Durgesh Nandini, Manoj Sharma, Narayanan Thirupathy |
| Stakeholders Relationship Committee | Durgesh Nandini (Chairperson), Thangarajan Subash Chandira Bosh, Jitendra Srivastava, Harsh Baweja |
| Risk Management Committee | Gambheer Singh (Chairperson), Thangarajan Subash Chandira Bosh, Jitendra Srivastava, Durgesh Nandini, Harsh Baweja, Narayanan Thirupathy |
| Corporate Social Responsibility Committee | Gambheer Singh (Chairperson), Thangarajan Subash Chandira Bosh, Jitendra Srivastava, Harsh Baweja |
Group Structure of Rec Limited
Rec Limited has 24 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Rec Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Rec Power Development And Consultancy Limited | U40101DL2007GOI165779 | - |
| Mandar Transmission Limited | U40101DL2018GOI331526 | - |
| Meerut Shamli Power Transmission Limited | U40101DL2022GOI408362 | - |
| Neres Xvi Power Transmission Limited | U40106DL2023PLC409758 | - |
| Chandil Transmission Limited | U40108DL2018GOI330905 | - |
| Luhri Power Transmission Limited | U40109DL2022GOI406286 | - |
Showing major subsidiaries. Total: 24.
Charges & Borrowings of Rec Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 May 2025 | Sbicap Trustee Company Limited | ₹10,000 Cr | Open |
| 06 May 2024 | Sbicap Trustee Company Limited | ₹15,000 Cr | Open |
| 01 May 2023 | Sbicap Trustee Company Limited | ₹13,000 Cr | Open |
| 27 Apr 2022 | Sbicap Trustee Company Limited | ₹14,000 Cr | Open |
| 25 May 2021 | Sbicap Trustee Company Limited | ₹9,000 Cr | Open |
Total charge records: 104 View all charges
Employees and EPFO Compliance at Rec Limited
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Employee Count & EPFO Data of Rec Limited
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GST Compliance of Rec Limited
GSTIN & GST Filing Data of Rec Limited
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Credit Ratings, Litigation & Regulatory Alerts for Rec Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Rec Limited
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MSME Payment Delays by Rec Limited
MSME Payment Delays by Rec Limited
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Subsidiaries & Group Companies of Rec Limited
Subsidiaries & Group Companies of Rec Limited
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MCA Filings & Documents of Rec Limited
MCA Filings & Documents of Rec Limited
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Recent Activity on Rec Limited
Recent News on Rec Limited
Frequently Asked Questions about Rec Limited
Rec Limited is an active public limited union government company in the financial services sector based in New Delhi, Delhi, India. It was incorporated on 25 July 1969 (57+ years old) and is registered under CIN L40101DL1969GOI005095. Listed on BSE: 532955 and NSE: RECLTD.
Rec Limited reported revenue of ₹47,214 Cr for FY 2024 (up 20.28% YoY).
The current directors of Rec Limited are:
The primary industry of Rec Limited is financial services. The company specifically operates in nbfc. The company is currently active in this sector.
Yes. Rec Limited is listed on both BSE (code: 532955) and NSE (symbol: RECLTD).
Yes, Rec Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).