RTS Power Corporation Extends Siddharth Bhutoria's Tenure as Whole-time Director
RTS Power Corporation has announced the re-appointment of Siddharth Bhutoria as Whole-time Director for a five-year term, effective July 15, 2025, subject to shareholder approval. Bhutoria, 38, joined the company in 2008 and has been a Director since 2020. He holds a BBM in Finance and an MSc Finance, and oversees the group's operations in Ethiopia. The company reported a total income of ₹2103.63 crore and a net profit after tax of ₹242.27 crore for the quarter ended June 30, 2025.
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RTS Power Corporation Limited, a key player in the power sector, has announced the re-appointment of Mr. Siddharth Bhutoria as Whole-time Director for another five-year term, effective July 15, 2025. This decision, made by the company's Board of Directors, is subject to shareholder approval at the upcoming Annual General Meeting.
Leadership Continuity
Mr. Bhutoria, 38, brings a wealth of experience to his role. He joined RTS Power Corporation and the Bhutoria Group in 2008 and has been serving as a Director since 2020. His re-appointment signals the company's commitment to leadership continuity and long-term strategic planning.
Educational Background
Mr. Bhutoria holds a BBM in Finance from Bangalore University and an MSc Finance from Lancaster University, UK. This academic background has equipped him with the financial acumen necessary for his role in the company.
Family Ties and Corporate Governance
Mr. Siddharth Bhutoria is the son of Mr. Rajendra Bhutoria, who serves as the Vice Chairman and Whole-time Director of RTS Power Corporation. This family connection underscores the company's blend of professional management and family-led business practices.
International Operations
One of Mr. Bhutoria's key responsibilities includes overseeing the group's overseas operations in Ethiopia. The company began manufacturing transformers in Ethiopia in 2013, marking a significant step in its international expansion strategy.
Financial Performance
While the re-appointment news takes center stage, it's important to note the company's recent financial performance. For the quarter ended June 30, 2025, RTS Power Corporation reported:
| Metric | Amount (in crore) |
|---|---|
| Total income from operations | 2103.63 |
| Net profit before tax | 274.19 |
| Net profit after tax | 242.27 |
These figures demonstrate a robust financial position, which may have influenced the Board's decision to extend Mr. Bhutoria's tenure.
The re-appointment of Mr. Siddharth Bhutoria as Whole-time Director for another five years reflects RTS Power Corporation's confidence in his leadership and vision for the company's future growth and expansion.
Historical Stock Returns for RTS Power Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.10% | -0.35% | -4.68% | -17.10% | -31.61% | +419.80% |
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