What Servotech Renewable Power System does

Servotech Renewable Power System Limited (NSE: SERVOTECH) is an Indian clean-energy hardware manufacturer founded in 2004 and listed on the NSE since 2017, headquartered in New Delhi with manufacturing operations in Kundli and Safiabad, Haryana, and additional expansion underway. The company designs, manufactures, and sells EV charging equipment (AC chargers from 3.3kW to 22kW under Spark Series, and DC fast chargers from 15kW to 360kW under Squad Series, including 60kW and 120kW units that achieved a BEE 5-star rating at 97% weighted average energy efficiency), solar products (Mono PERC/Half-Cut/Bifacial/Poly panels, on-grid/hybrid/off-grid inverters under the Solvion, Sparkle, VolTie, Microsync, Elegant Plus, FLARE, and Fusion series, plus the ServPort portable solar system and SMU management unit), lithium battery energy storage (Servlith 1.2-15kWh domestic, 5.1kW for e-rickshaws), electric three-wheeler batteries and chargers (SULTAN and Zest brands), servo stabilizers, tubular batteries, and UPS systems. Underpinning the portfolio are three granted patents — a low-voltage EV fast-charging device (joint with Electra EV), a peak shaving system, and a CCS2-to-GB/T charging converter — plus ISO 9001, ISO 14001, ISO 13485, BEE, CE, FDA, ROHS, and WHO GMP certifications.

The company's go-to-market combines direct enterprise sales targeting Indian government agencies, PSUs (Railway/DFCCIL/REMCL/NREDCAP), oil marketing companies (BPCL, IOCL, HPCL), and fleet operators for solar EPC and bulk charger orders, alongside an extensive indirect channel of 500+ distributors, super-stockists, and 5000+ retailers across 350+ Indian towns. Revenue streams include hardware sales (chargers, solar panels, inverters, batteries), project-based solar EPC contracts (competitive bidding for rooftop and ground-mounted installations, including the ₹74 crore NREDCAP mandate under PM Surya Ghar), and managed EV charging services via subsidiary Servotech EV Infra Pvt. Ltd. (INCHARZ). Adjacent businesses include Rebreathe Medical oxygen concentrators and Servotech Sports & Entertainment (Bengal Pro T20 League franchise). FY26 standalone revenue reached ₹641.66 crore (+8.92% YoY) with Q4 FY26 revenue of ₹211.2 crore (+66.6% YoY), Q4 net profit of ₹11.73 crore (+49.5% YoY), and Q4 EBITDA of ₹23.2 crore (+70.16% YoY); management has guided to ₹1,500 crore by FY27, backed by ₹400 crore committed manufacturing capacity expansion in Haryana. The company holds a market capitalization exceeding ₹1,700 crore and now operates in India, the UK, and Germany, with a 27% stake in Rhine Solar Ltd. supporting vertical integration into solar panel manufacturing.

Name

Servotech Renewable Power System

Legal name

Servotech Renewable Power System Limited

Website

https://servotech.in

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

251–500 employees

Short description

Servotech Renewable Power System is an Indian clean-energy hardware manufacturer serving government, PSU, fleet, residential, and C&I customers with EV chargers, solar panels, inverters, lithium battery storage, and servo stabilizers, distributed through 500+ distributors and 5000+ retailers across 350+ towns.

Ownership category

akta.pro rank

Product category

Renewable Energy Equipment Manufacturing

NAICS

Relay and Industrial Control Manufacturing (335314), Power, Distribution, and Specialty Transformer Manufacturing (335311), Electric Lamp Bulb and Other Lighting Equipment Manufacturing (335139)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Switchgear & Switchboard Apparatus (3613), Power, Distribution & Specialty Transformers (3612)

akta.pro primary industry

EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers) (IMACACAE)

akta.pro secondary industries

Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters) (EUAMABAE), Solar Inverters, Power Optimizers & MLPE Manufacturing (EUAMAHAB), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Power Electronics Manufacturing (Inverters/DC-DC/Onboard Chargers) (IMACACAD), Automotive Charging Hardware Manufacturing (On-board Chargers, Charge Inlets, DC-DC) (IMACAJAK)

Keywords

• EV charging solutions
• Solar inverters
• Solar panel manufacturing
• Lithium battery storage
• Power backup equipment

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. EV Charging Equipment Sales: Manufacturing and selling EV chargers including AC chargers (3.3kW to 22kW) and DC fast chargers (15kW to 360kW) for residential, commercial, and public charging applications. Revenue generated from product sales to customers, government projects, and fleet operators.
2. Solar Products Manufacturing: Solar panels (Mono PERC, Mono Half Cut/Bifacial, Poly), solar inverters (on-grid, hybrid, off-grid), solar batteries, and complete solar EPC solutions for residential, commercial, and industrial applications.
3. Lithium Battery Sales (E-3W): SULTAN lithium-ion batteries for electric three-wheelers (E-rickshaw, E-auto, E-loader) in 51.2V/105Ah and 64V/105Ah variants, along with Zest battery chargers for the E-3W segment.
4. Solar EPC Projects: Engineering, procurement, and construction services for solar projects including rooftop solar installations for government schemes (PM Surya Ghar), railway infrastructure, and commercial/industrial customers. Revenue from project contracts awarded through competitive bidding.
5. EV Charging Station Operations (INCHARZ): Servotech EV Infra Pvt. Ltd. (subsidiary branded as INCHARZ) operates EV charging stations across India, generating revenue from charging services to EV owners.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

Servotech manufactures and sells EV chargers (AC chargers from 3.3kW to 22kW under Spark Series and DC fast chargers from 15kW to 360kW under Squad Series), solar products (mono/poly/bifacial PV panels, on-grid/hybrid/off-grid inverters, solar batteries, and ServPort portable rooftop systems), power backup equipment (tubular batteries, air-cooled and oil-cooled servo stabilizers, and UPS systems), electric three-wheeler solutions (SULTAN lithium-ion batteries and Zest chargers), and LED lighting. The company also executes turnkey solar EPC projects and operates EV charging stations through its INCHARZ subsidiary.

Product overview

Servotech Renewable Power System offers a diversified clean energy portfolio comprising EV charging solutions (AC and DC fast chargers under Spark and Squad Series), solar products (inverters including Sparkle/Solvion/VolTie/Microsync series, panels including Mono PERC/Half Cut/Poly, ServPort portable systems, SMU management units, and tubular batteries), power backup solutions (tubular batteries, servo stabilizers in air/oil-cooled variants, and UPS systems from 1KVA to 500KVA), electric 3W solutions (SULTAN lithium-ion batteries and Zest chargers), and LED lighting. The company serves residential, commercial, industrial, and utility segments with products for energy generation, storage, management, and backup applications.

Differentiator

Problem solved

Functional benefit

Brands

• INCHARZ: Brand name for Servotech's EV charging infrastructure network (operated through subsidiary Servotech EV Infra Pvt. Ltd.)
• SULTAN
• Zest
• Voltie
• Servlith
• Sparkle Series
• Solvion Series
• ServPort
• Rebreathe

Products and services

• Spark Series AC Charger AC EV chargers from 3.3 kW to 22 kW including 3.3 kW, 7.4 kW Type-2, 10 kW Bharat AC-001, 11 kW, 14 kW Hybrid, and 22 kW Hybrid models for 2/3/4-wheeler charging at homes, workplaces, and public locations; supports RFID/OTP/OCPP user authentication.
• Squad Series DC Charger DC fast chargers from 15 kW to 360 kW supporting CCS2 standard, including 15 kW, 20 kW, 30 kW, 60 kW (dual gun), 120 kW (dual gun), 180-240 kW (dual gun), and 360 kW (dual gun) models for fleet operators, public charging, fuel stations, and commercial EV infrastructure deployments.
• Sparkle Series Hybrid Solar Inverter Hybrid solar inverter range from 2 kW to 7.5 kW (1 Phase) and 10 kW to 22.5 kW (3 Phase) with built-in 100A solar charger, wide MPPT range 40-500V, WiFi monitoring, and lithium/lead-acid battery support for residential and commercial solar installations.
• Solvion Series On-Grid Solar Inverter On-grid solar inverters ranging from 1 kW to 100 kW with load consumption monitoring, IP65 protection, power export limit, and LCD display for grid-tied residential, commercial, and industrial solar installations.
• VolTie Series On-Grid Solar Inverter Single-phase on-grid solar inverter with 2 kW capacity, wide input voltage range, DC reverse-polarity protection, anti-islanding technology, and WiFi/GPRS/LAN communication for residential rooftop solar systems.
• Microsync Series Micro Inverter Micro inverters available in 800W and 1600W capacities with multi-angle adjustment, aluminium alloy bracket, and WiFi connectivity for remote management in distributed residential and commercial solar PV installations.
• Servlith Series Energy Storage Systems Lithium battery energy storage systems from 1.2 kWh to 15 kWh for domestic use and 5.1 kW for e-rickshaws with up to 5000 battery cycles, 5-year warranty, 10-year design lifespan, built-in protections, and CAN/RS485/RS232 communication.
• PV500 Sunfarm Solar Pump Controller Solar pump controller for 2 HP to 10 HP water pumps with maximum input DC voltage of 400V/800V, MPPT efficiency over 99%, and IP20/IP21 protection for agricultural and rural solar water pumping.
• Elegant Plus Off-Grid Solar Inverter (PWM Series) Off-grid solar inverter with pure sine wave output, 6-stage battery charging, intelligent modes, LCD display, and advanced DSP technology for homes and small businesses needing grid-independent power.
• FLARE Off-Grid MPPT Solar Inverter Off-grid MPPT solar inverter with IGBT-based design, built-in energy meter, wide MPPT input, 40% less panel requirement versus competing PCUs, and remote monitoring IoT for residential and commercial off-grid solar.
• Fusion Hybrid Solar Inverter Bidirectional hybrid inverter that intelligently utilizes solar power, AC utility, and battery power with programmable power source priority, supporting batteryless operation and multiple renewable inputs for residential and commercial solar systems.
• ServPort Portable Rooftop Solar System Portable plug-n-play 2 kWp rooftop solar PV system with integrated electrical storage for residential and commercial applications; includes customizable lithium battery (4.8 kWh or 2.4 kWh) or SMF battery options, hybrid inverter with zero-export functionality, and DIY installation capability with 25+ year warranty.
• Solar Management Unit (SMU) Retrofit device that converts standard 12V or 24V inverters into solar inverters, prioritizing solar energy use to reduce grid electricity consumption, with Wi-Fi/LBE/GPRS/GSM communication and remote monitoring via mobile app and cloud platform.
• Mono PERC Solar Panels High-efficiency monocrystalline PERC solar modules with 25-year product warranty, up to 21% module efficiency, 100% EL inspection, available from 525 Wp to 545 Wp for residential, commercial, and utility-scale solar PV installations.
• Mono Half Cut/Bifacial Solar Panels Advanced monocrystalline half-cut/bifacial solar panels with up to 21.28% efficiency, M10 mono PERC cells, minimized micro-cracks, available from 525 Wp to 595 Wp for high-output commercial and industrial solar projects.
• Poly Solar Panels Polycrystalline solar panels ranging from 40 Wp to 335 Wp with improved conductivity, quick manufacturing cycle, and distinctive blue-speckled appearance for residential and small commercial rooftop applications.
• Solar Tubular Batteries Solar tubular batteries with PPCP container, tubular positive plates, high porosity envelope separators, and microporous ceramic vent plug for improved reliability and longer life in solar power backup applications.
• Tubular Inverter Battery High-quality tubular inverter batteries with advanced features for reliable power backup in homes and businesses, designed for use with Servotech's UPS and inverter systems.
• Air Cooled Servo Stabilizers Voltage stabilizers ranging from 3 kVA to 50 kVA with precise voltage regulation using efficient air cooling technology for commercial and light industrial applications.

Quantifiable outcome

• 97% weighted average energy efficiency for 60kW and 120kW DC fast EV chargers
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Electra EVcoreStrategic or Co-development Partner · 11 March 2026Joint patent development for low-voltage EV charging technology enabling fast DC charging for sub-200V EVs using CCS2 infrastructure. Addresses key interoperability challenge in India's EV ecosystem and supports wider EV adoption in urban and last-mile mobility segments.
• Bureau of Energy Efficiency (BEE)coreOthersGovernment body that certified Servotech's 60kW and 120kW DC fast EV chargers with highest 5-star rating under EV Charger Star Labelling Programme, achieving 97% weighted average energy efficiency.
• Haryana Enterprises Promotion Centre (HEPC)coreStrategic or Co-development PartnerMoU signed on June 1, 2026 for ₹400 crore investment to expand manufacturing and warehousing operations in Haryana over 24-36 months. Supports industrial development and clean energy manufacturing in alignment with Haryana's Industrial Policy 2026.
• South Central Railway, Vijayawada DivisioncoreImplementation/ SI/ Consulting PartnerAwarded 1415 kW solar rooftop project for design, engineering, supply, installation, testing, and commissioning of grid-connected solar systems across multiple railway locations.
• Railway Energy Management Company Limited (REMCL)coreImplementation/ SI/ Consulting PartnerJoint venture of RITES Ltd. and Ministry of Railways awarded ₹16.31 crore ground mounted and rooftop on-grid solar project at DFCCIL infrastructure for national decarbonisation goals.
• New & Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP)coreImplementation/ SI/ Consulting PartnerAwarded ₹74 crore rooftop solar project under PM Surya Ghar: Muft Bijli Yojana covering 5,886 SC and ST households with five years of operations and maintenance.
• Noida Power Company Limited (NPCL)minorStrategic or Co-development PartnerCollaboration with EV charging infrastructure firm Servotech to develop largest EV charging plaza in Greater Noida district at Tilpata, featuring 120kW and 60kW high-speed charging points.
• Watt & WellcoreTechnology or IntegrationAgreement signed to develop and manufacture EV charger components in India, supporting component indigenisation and domestic manufacturing capabilities.
• IIT RoorkeecoreTechnology or IntegrationCollaboration with IIT Roorkee to develop rectifier units and onboard chargers for EV charging solutions, leveraging academic research capabilities.
• Rhine Solar Ltd.coreStrategic or Co-development PartnerAcquired 27% stake in Rhine Solar Ltd. to officially enter the solar panel manufacturing business, expanding vertical integration in solar segment.
• Errol MuskminorGTM or Marketing PartnerAppointed as Global Advisory Board Member to provide strategic guidance on global expansion and industry positioning.
• GIZminorStrategic or Co-development PartnerInternational development cooperation partner for ServPort project, supporting portable solar solutions deployment.
• Shanghai Cooperation Organisation (SCO)coreOthersMD Raman Bhatia appointed as Head of SCO Working Group on Energy & Green Economy under SCO Business Council Secretariat (India), positioning Servotech in international energy transition discussions.

Scale indicators9 records

Recent moves7 records

Expansion highlights8 records

Broad incumbents

• Tata Power: One of India's largest integrated power companies with significant EV charging (Tata Power EZ Charge) and solar EPC/manufacturing operations. Comparable because it competes head-to-head with Servotech for PSU, railway, OMC and DISCOM EV charging and rooftop solar contracts, though at a much larger scale and broader portfolio.
• Adani Group (Adani Solar / Adani Energy Solutions): India's largest solar manufacturer and a major utility-scale renewable and T&D player. Comparable in solar module/inverter manufacturing and EPC; competes for large government and PSU tenders and increasingly for EV charging infrastructure through Adani Energy Solutions.
• Delta Electronics India: Indian subsidiary of Delta Electronics (Taiwan), a global power electronics major with significant EV charging, solar inverter and industrial power product lines in India. Comparable on EV charger and solar inverter technology, with deeper R&D and global scale.
• ABB India: Subsidiary of ABB, supplying EV chargers, solar inverters, switchgear and power products to Indian utilities and industrials. Comparable in EV charging hardware and power electronics, with deeper utility relationships and a broader industrial automation portfolio.

Direct peers

• Exicom Tele-Systems: Listed Indian EV charger manufacturer and lithium-ion battery solutions provider for EVs and telecom. Closest direct comparable in product portfolio (AC/DC EV chargers, lithium batteries) and India-focused customer base, though Exicom also has a meaningful telecom power systems business.
• Waaree Energies: India's largest solar module manufacturer with growing presence in solar EPC and inverters. Comparable as a domestic solar manufacturer competing for the same rooftop and utility-scale EPC orders and overlapping on the solar panel supply side.
• Statiq: One of India's largest EV charging networks, deploying public and fleet chargers across highways and cities. Comparable as a direct EV charging competitor bidding for OMC, DISCOM and highway charging tenders, though Statiq is primarily an operator/network rather than a hardware manufacturer.
• Okaya Power: Indian manufacturer of inverters, batteries and EV chargers with a similar SMB and rural distribution-led GTM. Comparable product overlap (inverters, batteries, EV chargers) and similar reliance on Indian domestic channels.
• Loom Solar: Indian D2C-focused solar panel and inverter manufacturer selling residential and small commercial systems. Comparable as a domestic solar product manufacturer targeting similar residential and SMB customers, with an overlapping channel and product mix.

Emerging players

• Ather Energy: Indian EV two-wheeler OEM with its own Ather Grid fast-charging network and energy products. Comparable on EV charging infrastructure deployment and lithium battery technology, though Ather is primarily an OEM with captive charging rather than a third-party hardware vendor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/servotech_ltd

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Servotech Renewable Power System