Servotech Renewable Power System Limited engages in the development, production, and sale of solar products, EV chargers, and LED lighting solutions. Founded in 2004 and headquartered in New Delhi, India, the company has established itself as a prominent player in the renewable energy sector. Having forayed into the industry in 2004 with the introduction of Sine-Wave inverters for domestic and commercial use, Servotech witnessed dramatic growth over the subsequent years since inception while launching a series of LED lighting solutions, Solar Street lights, Solar-Hybrid Inverters, LED solar lighting solutions followed by its positioning as a giant and making its debut in the stock market and being listed on the National Stock Exchange (NSE) in 2017.
The company has a market capitalization of ₹3,193 Crore as of July 2025, and employs 291 total employees. With a strong existence across 21+ Indian States, Servotech acts as a catalyst of national repute, complementing and strengthening the concerted efforts of achieving the net-zero emissions ambitions and providing a range of solutions to build a sustainable future.
Servotech Renewable Power System develops tech-enabled EV Charging solutions. The company offers an extensive range of AC and DC chargers which are compatible with different electric vehicles and serve multiple applications such as commercial and domestic. Its EV Charger includes Spark Series (AC Charger) and Squad Series (DC Charger). Having forayed into the EV market recently with the launch of high-tech EV charging equipment, the company intends to establish EV charging tech infrastructure pan India expeditiously and bolster the nation's progression towards the electric revolution.
Its Solar Products include solar panels, solar batteries, solar management unit, servport and PCU. The company launched ServPort a standard plug-n-play grid interactive rooftop PV system having a system size of of 2kWp with battery storage designed for 100% self-consumption. Servotech is amongst the exclusive providers of this technology in India, to be mass produced for residential applications (UPS and AC load). The Company is engaged in the various projects wherein the Company has installed solar panels for charging of batteries and photovoltaic (PV) ports. In addition, the Company is engaged in manufacturing of solar invertors.
It offers both domestic and commercial LEDs. They also offer LED lighting solutions under the SAARA brand for residential, industrial, and commercial use. Its Power and Backup products include batteries, servo stabilizers and uninterrupted power supply (UPS).
The Company offers led lighting and solar products such as fans, solar home lighting systems, pump controllers, bulbs, and panels, as well as EV chargers, stabilizers, and tubular batteries. Its other products are oxygen concentrators and ultraviolet-C (UVC) lamps. The company launched Rebreath Rebreathe Medical Devices India Pvt. Ltd., a subsidiary brand, offering medical-grade Oxygen Concentrators and its spares & components. Launch was aimed at bridging the demand-supply gap for Oxygen generating equipment in the market for quick rescue and critical support during the second wave of COVID-19.
For the full year, net profit rose 178.40% to ₹32.74 Crore in the year ended March 2025, as against ₹11.76 Crore during the previous year ended March 2024. Sales rose 90.69% to ₹674.44 Crore in the year ended March 2025, as against ₹353.68 Crore during the previous year ended March 2024.
- Net profit of Servotech Renewable Power System rose 127.11% to ₹7.79 Crore in Q4 FY25, as against ₹3.43 Crore during Q4 FY24.
- Sales rose 7.42% to ₹146.28 Crore in Q4 FY25, as against ₹136.17 Crore during Q4 FY24.
- The company's consolidated net profit surged to ₹7.96 Crore in Q3 FY25 from ₹1.11 Crore during Q3 FY24. Sales rose to ₹216.30 Crore in Q3 FY25 from ₹52.01 Crore in Q3 FY24.
- The Board of Directors recommended a final dividend of ₹0.05 per equity share (i.e., 5%) for March 2025, subject to shareholder approval.
- The PE and PB ratio of Servotech Renewable Power System stands at 95.10 and 13.18 respectively as of June 2025.
On June 30, 2025, the company received an order for 10 ultra-fast EV chargers at Bengaluru Airport worth INR 162 lakh, with 75-day execution. Servotech wins 2.4 MW EV charging order for 10 ultra-fast chargers at Bengaluru airport. Servotech Renewable Power System Ltd has secured a significant ₹60 Crore contract for a 16 MW on-grid solar rooftop project in Madhya Pradesh on June 24, 2025.
Under the scope of a recent contract, Servotech will undertake the design, manufacturing, supply, installation, testing, and commissioning of rooftop on-grid solar photovoltaic (PV) plants of varying capacities across multiple sites within the Waltair Division. This initiative is part of Indian Railways' broader mission to integrate renewable energy into its infrastructure and reduce its carbon footprint, reinforcing its position as a leader in sustainable transportation.
Raman Bhatia, founder and managing director of Servotech Renewable Power System, said: "We are excited to collaborate with Watt & Well to bring their cutting-edge power electronics technology to the Indian EV market. This collaboration will enable us to manufacture innovative and affordable EV Charging solutions at scale and offer our customers a comprehensive range of EV charging solutions."
Servotech Renewable Power System Ltd is acquiring a 27% stake in Rhine Solar for ₹12.15 Crore, enhancing its vertical integration in solar manufacturing. The company aims to produce advanced N-type TOPCon 12 busbar panels, responding to growing demand in the renewable energy sector.
On July 1, 2025, SERVOTECH RENEWABLE POWER SYSTEM LIMITED informed about Notice of Shareholders Meeting for Postal Ballot for director appointments and borrowing/charge creation limits up to ₹600 Crore. Servotech expanded EV Charger business in Middle-East and Africa, demonstrating its commitment to international growth.
The company's strategic focus on renewable energy, electric vehicle charging infrastructure, and sustainable solutions positions it well in India's growing clean energy market, supported by government initiatives and increasing environmental consciousness among consumers and businesses.
