RITES

#4340

Rank

$1.25B

MarketCap IN

IN India

Country

Summary
RITES Limited, together with its subsidiaries, provides consultancy, engineering, and project management services in the field of railways, highways, airports, ports, ropeways, urban transport, inland waterways, and renewable energy. The company operates through four segments: Consultancy Services; Leasing of Railway Rolling Stock & Equipments; Export of Rolling Stock, Equipments and spares; and Turnkey Construction Projects. It is involved in the survey and feasibility studies, detailed design and engineering, project management consultancy, technical audit, third party inspection, quality assurance, construction supervision, and leasing and export of locomotives and rolling stock; and maintenance and operational facilities such as smart yards, coaching, and freight maintenance depots. The company also constructs railway workshops, track doubling /tripling/quadruplicating, new/additional railway line, railway electrification, redevelopment of railway stations, institutional buildings, wind, solar and other renewable energy projects on a turnkey basis; and civil construction works; and generates power from windmills and solar energy plants. In addition, it offers services in the field of road/railway tunnels engineering, urban engineering, electrical engineering, information technology, privatization and concession projects, railway electrification, rolling stock design, railway equipment, signaling & telecommunications, surveys, and training programs. The company serves central/state governments, public sector undertakings, large corporations, and private enterprises in India, Asia, and Africa. RITES Limited was incorporated in 1974 and is based in Gurugram, India.

History

RITES Ltd (formerly Rail India Technical and Economic Services Ltd) was established in 1974 by the Ministry of Railways, Govt. of India with the specific objective to provide consultancy services in Railway Transportation, Infrastructure works, Structures and Bridges, etc., and execution of turnkey projects. Over the past four decades, RITES has established itself as a premier consultancy organization and a leading player in turnkey implementation of infrastructure projects.


Mission
To be a premier multi-disciplinary consultancy organization in mobilizing resources and providing comprehensive, integrated solutions in the areas of Transport, Industrial and Urban Development through continual improvement and innovation.

Vision
To be regarded for its consistently high standards in consultancy, turnkey project implementations and service to clients through innovation, value for money and quality.

Key Team

Mr. Gopi Sureshkumar Varadarajan (Director of Projects & Director)

Mr. Joshit Ranjan Sikidar (Company Sec. & Compliance Officer)

Mr. Manobendra Ghoshal (Exec. Director of Strategy & Corp. Communications)

Mr. Ved Prakash (Chief People Officer)

Mr. Hundi Lal Chaudhary (Country Head of Bangladesh)

Mr. A. K. Poddar IPoS (Chief Vigilance Officer)

Mr. Virendra Singh (Exec. Director of Expotech)


Recognition and Awards
RITES has been conferred with National awards for Excellence in Cost Management, Customer Satisfaction and Quality Management. Our quality management system is ISO 9001:2008 certified.

References
RITES
Leadership team

Mr. Rahul Mithal (Chairman, MD, CEO & Director of Projects)

Mr. Bibhu Prasad Nayak (CFO, Director of Fin. & Whole-Time Director)

Mr. Anil Vij (Director of Technical & Whole-Time Director)

Products/ Services
Consulting, Infrastructure, Transportation
Number of Employees
1,000 - 20,000
Headquarters
Haryana, Haryana, India
Established
1974
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
RITES.NS
Sun Mar 03 2024
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