RMC Switchgears , a key player in India's electrical infrastructure solutions sector, has achieved a significant milestone by securing a place in Forbes Asia's prestigious Best Under a Billion 2025 list. This recognition highlights the company's strong performance and potential among the top 200 publicly listed companies in the Asia-Pacific region with revenues under USD 1 billion.

A Testament to Sustainable Growth

The Forbes Asia's Best Under a Billion list, compiled from over 19,000 companies, celebrates enterprises that demonstrate sustainable growth, robust governance, and long-term financial strength. The selection process involves a comprehensive evaluation of various financial metrics, including:

• Debt levels
• Sales growth (one and three-year periods)
• Earnings-per-share growth (one and three-year periods)
• Return on equity (one and five-year averages)

Additionally, qualitative filters such as governance, environmental standards, and management practices are applied to ensure the resilience and reliability of the selected companies.

Leadership Perspective

Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears, expressed his thoughts on this achievement: "Being featured in Forbes Asia's Best Under a Billion list is both an honour and a reflection of our journey so far. This achievement belongs to our employees, customers, and partners who have placed their trust in us. We started with a vision to build safe and reliable electrical infrastructure for India, and today this recognition strengthens our resolve to continue innovating and delivering solutions that are sustainable, scalable, and impactful."

RMC Switchgears: A Profile of Innovation and Growth

RMC Switchgears has established itself as a prominent player in the electrical infrastructure solutions sector, with a special focus on manufacturing electrical enclosures designed to prevent theft and enhance safety. The company's key areas of operation include:

1. Smart Meter Enclosures: Supporting utilities across India through initiatives like the Revamped Distribution Sector Scheme (RDSS).

2. Comprehensive Services: Offering manufacturing, installation, and Operations & Maintenance (O&M) services, making it a reliable partner for AMISPs, utilities, and state entities.

3. Transmission Sector Participation: Positioning itself to contribute to the ₹9 trillion investments planned by the Government of India for the transmission sector through its EPC model.

4. Renewable Energy Expansion: Venturing into solar EPC, green energy projects, and IPP solutions. The company is also planning a 1 GW solar module manufacturing plant to strengthen its position in the renewable energy sector.

5. Water Management Infrastructure: Integrating advanced technologies like IoT to provide high-value, customized solutions for DISCOMs, enhancing efficiency and reducing losses in water management.

Looking Ahead

The inclusion of RMC Switchgears in Forbes Asia's Best Under a Billion 2025 list is expected to bolster the company's brand credibility, global visibility, and stakeholder trust. As RMC Switchgears continues to innovate and expand its offerings, it remains committed to contributing to India's sustainable infrastructure development and power security objectives.

This recognition not only celebrates RMC Switchgears' past achievements but also sets the stage for its future growth and impact in the electrical infrastructure and renewable energy sectors.

RMC Switchgears Limited has reported a stellar performance for the first quarter, marking significant strides in its growth trajectory and renewable energy initiatives.

Q1 Financial Highlights

RMC Switchgears posted consolidated revenue of ₹86.14 crore in Q1, registering an impressive year-on-year growth of over 165% compared to ₹34.04 crore in the same period last year. This robust performance underscores the company's strong execution capabilities across its core business segments, including solar EPC, smart metering, and electrical infrastructure.

Strong Order Book

The company maintains a healthy order book exceeding ₹700 crore, providing visibility for sustained growth in the coming quarters. Historically, RMC has seen higher revenue realization in the second half of the fiscal year due to the nature of its EPC contracts and milestone-based billing cycles.

Green Energy Investments

In a strategic move to bolster its renewable energy manufacturing capacity, RMC invested ₹2.60 crore in its wholly-owned subsidiary, RMC Green Energy Private Limited. This investment involved the allotment of 26,00,000 equity shares at ₹10 each, increasing RMC's stake in the subsidiary to 99.58%.

Key Appointments

RMC Green Energy appointed Mr. Samujjal Ganguly as Business Head. With over 30 years of experience in the solar industry, Mr. Ganguly's expertise is expected to drive the company's expansion in the green energy sector.

In a move to strengthen its compliance framework, RMC Switchgears appointed Mrs. Shivani Bairathi as Compliance Officer. This appointment aligns with the company's commitment to robust corporate governance amid its rapid business expansion.

New Solar Project

In a recent development, RMC Green Energy Private Limited secured a Letter of Intent from Saatvik Cleantech EPC Pvt. Ltd for a significant 41 MW MSEDCL project. The contract, valued at ₹61.08 crore, involves the supply, installation, testing, and commissioning of the solar project.

Leadership Perspective

Mr. Ankit Agarwal, CEO & Whole-Time Director of RMC Switchgears, commented on the Q1 performance: "Achieving over 165% growth in Q1 is a strong testament to RMC's execution excellence and strategic focus, while also highlighting the vast opportunities emerging from India's dynamic business environment. With a robust order book and deeper vertical integration underway, we are well-positioned to deliver a strong year."

Future Outlook

RMC Switchgears maintains its vision to become a ₹5000 crore enterprise by 2030, focusing on solar EPC, smart metering infrastructure, and green energy manufacturing. The company's recent investments and strategic appointments reflect its commitment to this goal and its role in India's clean energy transition.

The company continues to expand its footprint in solar EPC, green energy projects, and IPP solutions, while also pursuing backward integration with a proposed 1 GW solar module manufacturing plant. This aligns with India's vision to reduce import dependencies and promote local manufacturing in the renewable energy sector.

As RMC Switchgears evolves into a multi-vertical infrastructure company, it remains focused on performance with purpose, strengthening capabilities, deepening governance, and powering India's journey towards a cleaner, more self-reliant energy landscape.