India’s TOP 500 Companies 2021

The journey of RITES Limited, a Miniratna (Category-I) and Schedule ‘A’ Central Public Sector Enterprise under the Ministry of Railways, traces and symbolises India’s nation-building process. From the time the company was incorporated in 1974 to the time it became a publicly traded entity in 2018, and beyond, RITES has grown from strength to strength, completing numerous prestigious projects and adding up rich experience in diversified fields, and become a multidisciplinary engineering and consultancy organization. RITES offers a comprehensive range of services from concept to commissioning in all facets of transport infrastructure and related technologies and is uniquely placed in terms of geographical reach and consultancy services in sectors such as railways, highways, airports, ports, ropeways, urban transport, inland waterways and renewable energy. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). During this impeccable journey of over 47 years, RITES has successfully served clients in more than 55 countries across Asia,Africa, Latin America, South America and Middle East regions. On growth track... With a well-diversified business model comprising key verticals --- consultancy, project management, leasing, exports, turnkey and renewable energy management,RITES continues to follow a path of systematic and professional operations, maintaining its position as a responsible transport consultancy organisation in India and across the globe. RITES has consistently displayed excellent financial performance over the years and has duly built a strong base.Within one year of its listing (in July 2018), the company has made it to the top-500 companies in terms of market capitalization. As on March 31, 2021, the company’s market capitalisation stands at approx ` 5,800 crore. RITES’ subsidiary REMC Ltd is involved in power management and generation and has a mandate to handle entire power procurement under open access for Indian Railways, besides handling renewable energy and energy-efficiency projects.At present, it handles about 70 per cent of the traction power of Indian Railways through the open access mechanism. Going forward With the Government of India unveiling projects under the National Infrastructure Pipeline (NIP), as part of its spending push in the sector, RITES, with wide consultancy expertise in transport infrastructure space, finds itself fully aligned to tap such opportunities starting from feasibility studies, integrated design services, project management consultancy, turnkey operations and technical support services. Also, in several countries where RITES pursues business interests, there is an increased thrust on the expansion and upgradation of infrastructure, including rail and road network, Light Rail System (Metro), to ensure faster, safer and timely movement of goods and passengers. It provides opportunities for technical consultancy and export of rolling stock to these countries.Also, RITES is exploring opportunities for exporting rolling stock with customised offerings to cape gauge and standard gauge markets. Creating value RITES believes in attaining long-term success by creating value for its clients/customers, shareholders and society by committing itself to quality, excellence, environment and sustainability. As a responsible corporate citizen, RITES has adopted a ‘Corporate Social Responsibility and Sustainability Policy’ and is proud to be partner in social development, especially in areas such as healthcare, education, and skill development etc. So, with a sustainable track record and global repute, RITES sets sights on developing world-class infrastructure by seizing more and more opportunities. Enabling Mobility, Accelerating Growth A multidisciplinary engineering & consultancy organization RITES Ltd. Dun & Bradstreet