### **Overview** Servotech Renewable Power System Ltd. (SRPSL), formerly known as Servotech Power Systems Ltd., is a **NSE-listed Indian manufacturer** specializing in renewable energy and e-mobility infrastructure. Headquartered in New Delhi, the company has evolved from a power electronics pioneer into a **leading integrated clean energy solutions provider**, with a strong focus on solar technologies and electric vehicle (EV) charging systems. With over two decades of experience, SRPSL operates at the forefront of India’s green energy transition under the guiding principle: *“Produce Green to Live Green.”* --- ### **Core Business Segments** #### **1. Renewable Energy & Solar Solutions** - **Product Portfolio:** Solar inverters (on-grid, off-grid, hybrid, micro), solar panels (N-type TOPCon 12BB), battery energy storage systems (BESS), solar pumping systems, solar street lights, and proprietary solutions like **Solar ServPort** (a plug-and-play rooftop PV system). - **EPC Services:** Provides end-to-end engineering, procurement, and construction services for solar projects, serving PSUs, state agencies, schools, and commercial entities. - **Key Clients:** UPNEDA, UREDA, Indian Railways, Ministry of Education, IHB Limited (IOCL-BPCL-HPCL JV). - **Projects Executed:** Over 150 major solar projects; over 15 MW commissioned across India; more than 200,000 homes electrified via solar. #### **2. EV Charging & E-Mobility Infrastructure** - **Product Range:** AC chargers (3kW–22kW), DC fast & ultra-fast chargers (up to 360kW), bike-specific chargers, and split DC stations (up to 1MW capacity). - **Technology Leadership:** - Patented **Peak Shaving Technology** for load optimization. - Patent granted for **GB/T-to-CCS2 smart converter**, enabling compatibility between Chinese-standard EVs and India’s dominant CCS2 network. - Development of onboard/offboard chargers, lithium batteries, and next-gen power modules. - **Incharz Brand:** Operates as a Charge Point Operator (CPO) via subsidiary *Servotech EV Infra Pvt. Ltd.*, managing installation, network operations, and maintenance (AMC). - **Installations:** Over **12,500 EV chargers deployed** nationwide across 21+ Indian states. #### **3. Advanced Manufacturing & Backward Integration** - **Manufacturing Plants:** Two advanced facilities in **Sonipat, Haryana** – Kundli and Safiabad (commissioned 2023). - Total production area: Over **220,000 sq. ft.** with scalable capacity. - Safiabad plant is fully automated and dedicated to EV chargers and critical components. - **Backward Integration Initiatives:** - In-house production of **PCBs, control cards, PLC modules, power modules**. - Local assembly of AC-DC modules and core electronics to reduce import dependency. - Acquisition of **27% stake in Rhine Solar**, an ALMM-approved PV module manufacturer, to enter solar panel production. - Partnership with **Zhuhai Piwin** to indigenously manufacture BESS. --- ### **Strategic Expansion & Market Positioning** #### **Domestic Growth** - **Market Leadership:** - **35–40% market share in India’s EV charger segment**, aiming for **50–55% by FY25–26**. - Supplier to **BPCL, HPCL, IOCL, Nayara Energy, Adani Total Gas**, and state DISCOMs. - **Government Alignment:** - Empanelled vendor for major Oil Marketing Companies (OMCs) under e-drive project. - Eligible under national schemes: **PM Surya Ghar Muft Bijli Yojana, PM-KUSUM, Pradhan Mantri Suryodaya Yojana**. - **Sales & Distribution Network:** - Over **500 distributors** and **5,000+ retailers** across **650+ towns**. - Super stockists in East and South India; tiered regional sales team. #### **International Expansion** - Launched **Servotech Renewable International FZCO** in **Dubai (UAE)** to serve the **Middle East, GCC, and African markets**. - Partnerships with international firms: - **Watt & Well (France)** – co-develop EV components. - **LESSzwei GmbH (Germany)** – deploy solar-powered micromobility charging. - **Ensmart Power (UK)** – scale exports of EV chargers. - Franchise partnership: **Servotech Siliguri Strikers** in the Bengal Pro T20 League, enhancing brand visibility. --- ### **Revenue Streams & Financial Highlights (FY25)** - **Primary Revenue Sources:** - EV chargers - Solar solutions (inverters, panels, EPC services) - BESS and battery systems - LED lighting and servo stabilizers - After-sales services and maintenance - **Revenue Mix (Projected):** - Solar: **60–70%** - EV: **30–40%** (shift due to infrastructure delays) - **FY25 Performance (First 9 Months):** - **Revenue:** ₹529 crore (+142% YoY) - **Profit After Tax:** ₹24.92 crore (+198% YoY) - FY25 revenue forecast: Over ₹675 crore - **Future Growth Targets:** - EV charger revenue target: ₹1,200 crore by 2025. - Lithium battery revenue: ₹850 crore by 2027 (500 MWh capacity). - 10x revenue growth over the next 3–4 years. --- ### **Innovation & R&D** - **Patents Held:** - *Peak Shaving Technology* – optimizes energy use during peak hours. - *GB/T-to-CCS2 Converter* – resolves interoperability challenges. - *Smart energy channelization and load shifting* systems. - **R&D Collaborations:** - **IIT Roorkee, IIT Jammu, IISER Bhopal, Vikram Sarabhai Space Centre (ISRO), GIZ.** - **Product Development Pipeline:** - Advanced lithium batteries for 2W/4W EVs - Onboard and offboard chargers - IoT-enabled smart inverters and chargers with remote monitoring - AI-automated warehouse and logistics (Sonipat) --- ### **Subsidiaries & Diversification** SRPSL has strategically diversified through subsidiaries: | Subsidiary | Focus Area | Stake | |-----------|-----------|--------| | **Servotech EV Infra Pvt. Ltd.** | CPO operations (Incharz), infrastructure | 94.28% | | **Techbec Green Energy Pvt. Ltd.** | EV components (control cards, power modules) | 100% | | **Rebreathe Medical Devices India Pvt. Ltd.** | Oxygen concentrators, UVC disinfection devices | 95% | | **Servotech Sports & Entertainment Pvt. Ltd.** | Sports management, event hosting | 62.68%+ | | **Servotech Renewable International FZCO (Dubai)** | International market expansion | 100% | | **Techbec Industries Ltd.** | Battery manufacturing (non-operational) | 63.5% | > *Note:* Diversification into healthcare and sports underscores SRPSL’s strategy to build a multi-sector brand presence while leveraging core manufacturing capabilities. --- ### **Sustainability & CSR** - All products designed for **grid-tied, off-grid, and hybrid applications**. - Emphasis on **Make in India**, **Aatmanirbhar Bharat**, and **Atmanirbhar Swasth Bharat**. - Solar-powered EV carports launched in Delhi. - Committed to **ISO 9001:2015 (Quality)**, **ISO 14001:2015 (Environment)**, and **ISO 45001:2015 (Safety)** standards. --- ### **Recent Milestones (2025)** - Appointed **Sonu Sood** as **Brand Ambassador** to deepen grassroots penetration. - Appointed **Errol Musk** as **International Advisor** to support global strategy. - Commissioned **AI-automated warehouse in Sonipat** for pan-India delivery scalability. - Filed four patents in 2023; multiple global filings ongoing. - Selected partner in Indo-German Solar Partnership (IGSEP) for SPBESS projects. --- ### **Challenges & Strategic Priorities** - **Challenges:** - DISCOM power infrastructure delays affecting EV charger installations (~40% uninstalled). - Supply chain issues in PV components. - **Strategic Responses:** - Pivoted toward solar expansion; monthly solar revenue increased from ₹7–8 cr to ₹20–25 cr. - Aggressive backward integration to ensure cost control and quality. - Focus on **execution, scalability, and technological leadership** over short-term profitability.