Servotech

What Servotech does

Servotech Power Systems, operating through its Servotech EV Infra subsidiary and the INCHARZ brand, is an India-based manufacturer of EV charging infrastructure and solar power solutions headquartered in Mumbai. The company designs, manufactures, and deploys EV charging hardware — including ultra-fast DC charging units up to 480 kW — alongside its Servotech Renewable Power System solar product line. It operates manufacturing facilities across Karnataka, Tamil Nadu, Haryana, and Uttar Pradesh, and ranks among the top 10 EV charger manufacturers in India by unit deployments, giving it a multi-region production footprint aimed at proximity-based delivery to major demand centers.

Servotech monetizes primarily through direct hardware sales and deployment of EV chargers across a diverse end-customer base that includes hospitals, restaurants, public parking operators, hotels, and commercial real estate. Its go-to-market targets both enterprise/utility-scale installations and distributed commercial sites, supported by a four-state manufacturing base that supports logistics cost efficiency. The parallel Servotech Renewable Power System line gives the company a foothold in distributed solar — an adjacent renewable-energy vertical that shares engineering and channel relationships with the EV charging business.

Servotech is a publicly traded entity on Indian exchanges with reported headcount in the 1,001–5,000 range. The business operates within India's rapidly expanding EV charging market, which moved from approximately 179,000 installed units in 2024 toward a projected 1.28 million units by year-end, against a $3.7B market opportunity by 2030. Despite a five-year share-price appreciation of roughly 2,920%, the stock has retraced 61% from its highs and lost approximately 52.3% in 2025, signaling near-term valuation pressure even as long-term demand tailwinds remain intact.

Name

Servotech

Legal name

Servotech Power

Website

https://servotech-india.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Servotech is an India-based manufacturer of EV charging infrastructure and solar power systems, operating through its INCHARZ brand and Servotech EV Infra subsidiary, serving commercial, public, and enterprise customers across multiple Indian states.

Ownership category

akta.pro rank

Product category

Electric Vehicle Charging Infrastructure

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

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

akta.pro secondary industries

Charging Infrastructure Components (connectors, cables, dispensers, payment/controls) (IMAGAHAH), EV/Industrial Charging Power Electronics (Chargers, rectifiers, power stages) (IMAGADAF), EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG)

Keywords

• EV charging infrastructure
• Solar power systems
• Electric vehicle chargers
• DC fast charging
• Renewable energy solutions

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. EV Charging Infrastructure: Deployment and operation of EV charging stations across public and commercial spaces including hospitals, restaurants, parking lots, hotels, and highways
2. Solar Power Systems: Renewable power system solutions as Servotech Renewable Power System

Distribution channels1 record

Marketing channels1 record

Core offering

Servotech Power, operating as Servotech EV Infra and branded INCHARZ, manufactures and deploys electric vehicle charging infrastructure across India, with products ranging from AC slow chargers to ultra-fast DC units delivering up to 480 kW. The company also provides renewable power system solutions under the Servotech Renewable Power System brand. Charging stations are deployed in public and commercial spaces including hospitals, restaurants, parking lots, hotels, metro cities, and highways.

Product overview

Servotech is an electric vehicle charging infrastructure company with its EV charging operations branded as INCHARZ. The company is recognized among India's top 10 EV charger manufacturers, offering charging infrastructure across public and commercial spaces including hospitals, restaurants, parking lots, and hotels. Servotech deploys fast-charging stations in metro cities and along highways. The broader corporate entity (Servotech Power / Servotech Renewable Power System) also operates a CSR subsidiary called Servotech Foundation focused on education, employability, health, and environmental initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• INCHARZ: Brand name for Servotech EV Infra Pvt. Ltd's EV charging station operations in India

Products and services

• INCHARZ EV Charging Network Branded EV charging station network by Servotech EV Infra, providing fast-charging stations deployed in public and commercial spaces including metro cities, hospitals, restaurants, parking lots, hotels, and along highways.
• Ultra-fast DC Charging Units DC fast-charging units capable of delivering up to 480 kW power output for rapid EV charging, designed for commercial deployment in India.
• Servotech Renewable Power System Renewable solar power system solutions offered by Servotech to support clean energy deployment alongside its EV charging business.

Quantifiable outcome

• Listed among top 10 EV charger manufacturers in India with market presence

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Servotech FoundationcoreOthers · 20 January 2026Servotech Power has incorporated Servotech Foundation as a wholly-owned subsidiary, which will function as the company's CSR arm focused on education, employability, health, and environmental initiatives under Section 8 of the Companies Act

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Ather Energy: Ather Energy manufactures electric two-wheelers and operates its own Ather Grid fast-charging network in Indian cities. It is an emerging player with partial overlap on EV charging infrastructure deployment alongside Servotech.

Broad incumbents

• Tata Power (EZ Charge): Tata Power operates one of India's largest EV charging networks under EZ Charge, spanning metro and highway corridors. As a large incumbent utility, it overlaps with Servotech in charger deployment but across a much broader energy portfolio.
• Delta Electronics India: Delta Electronics provides EV charging solutions and power electronics in India as part of its global power and thermal management business. It is comparable to Servotech on charger product technology and target applications.
• Adani Group (Adani Total Gas / EV charging arm): Adani Group is developing EV charging infrastructure in India alongside its broader energy and utility businesses. It competes with Servotech on charger deployment scale and access to commercial and highway real estate.
• ABB India: ABB India is a leading global supplier of EV charging hardware with established Indian operations. It competes with Servotech in the AC and DC charger segments while serving a much wider industrial customer base.
• Schneider Electric India: Schneider Electric offers EV charging solutions as part of a broader electrical equipment and energy management portfolio in India. It competes with Servotech on charger hardware and adjacent power infrastructure.

Direct peers

• Sun Mobility: Sun Mobility deploys battery-swapping and EV charging infrastructure across Indian cities, targeting two- and three-wheeler fleets. It is comparable to Servotech on infrastructure deployment in commercial and public use cases.
• Statiq: Statiq is an Indian EV charging network operator deploying chargers across public and commercial locations. It directly competes with Servotech's INCHARZ deployment-focused offering in similar metro and highway corridors.
• ChargeZone: ChargeZone operates a fast-charging EV network across Indian highways and cities, including high-kW DC stations. It overlaps directly with Servotech's fast-charging deployment strategy and target customer segments.
• Exicom: Exicom is an Indian manufacturer of AC and DC EV chargers serving commercial and public charging use cases. It directly competes with Servotech's INCHARZ product line on product range and Indian market focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/servotech-india-limited

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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