Company Milestones
Potential for Accelerated Growth
2025
Fundraise through public listing, Expansion into IPP business through capital raise
Path to Largest RE EPC Player
2024
DRHP filed for public listing; raised pre-IPO funds, Established a pipeline of project sites
Continued Progress
2023
Commissioned 350MWp of solar projects, Secured EPC contract aggregating to INR 7Bn
Growth to Tier 1 EPC
2022
Commissioned 275 MWp plant in Bangladesh, Continued expansion of EPC business
Entry into Water EPC
2020
Commissioned 100MWp project in TN, Entered the Water EPC segment
Expansion Beyond India
2019
First marquee international project – Executed 50MWp solar plant in Vietnam
Successfully Commissioned 181 MW Open Access Solar Power Plant
2018
Incorporated Rays Future Energy Private Limited, a 100% subsidiary to cater the rooftop segment
2016
Continued Growth
2015
Initiated rooftop services & was ranked the most promising brand in the “Power & Energy” category
Ranked most promising brand in power and energy category
2015
Expansion into Asset Ownership
2014
Commenced development of solar projects as an Independent Power Producer (IPP)
Entry into Development and EPC
2013
Offering Solar EPC services, Set up the first solar park
Incorporation
2011
Initially focused on RE advisory services