Rail India Technical and Economic Service information
Indian public sector undertaking
RITES
Formerly
Rail India Technical and Economic Service
Company type
Public
Traded as
NSE: RITES BSE: 541556
Industry
Infrastructure
Founded
26 April 1974; 50 years ago (1974-04-26)
Headquarters
Sector-29, Gurgaon, Haryana
,
India
Area served
Worldwide
Key people
Mr. Rahul Mithal (Chairman & MD)
Services
Consulting
Revenue
₹2,734.51 crore (US$340 million) (2020)
Operating income
₹881.27 crore (US$110 million) (2020)
Net income
₹626.16 crore (US$78 million) (2020)
Total assets
₹5,902.64 crore (US$740 million) (2020)
Total equity
₹2,714.75 crore (US$340 million) (2020)
Owner
Government of India (72.20%)
Number of employees
2800 (March 2022)
Website
RITES
Footnotes / references [1]
RITES Ltd, formerly known as Rail India Technical and Economic Service Limited, is a Navaratna central public sector undertaking under India's Ministry of Railways. It was incorporated on April 26, 1974, and is a multidisciplinary engineering and consultancy organization providing a comprehensive range of services from concept to commissioning in all facets of transport infrastructure and related technologies.[2]
RITES is a leading player in the transport consultancy and engineering sector in India and uniquely placed in terms of diversification of services and geographical reach in various sectors such as railways, highways, urban engineering (metros) & sustainability, airports, ports, ropeways, institutional buildings, inland waterways, and renewable energy. The company is the only export arm of Indian Railways for providing rolling stock internationally (except for Thailand, Malaysia, and Indonesia). RITES' business spans over 49 years and covers more than 55 countries across Asia, Africa, Latin America, South America, and Middle East regions.
RITES became a listed company in July 2018, and it has made it to the Top-500 listed Indian companies based on its market capitalization.
The Ministry of Finance conferred ‘Navratna’ status on RITES in year 2023.[3]
^"Balance Sheet 31.03.2020"[permanent dead link]
^"Indian Railways' PSUs, RITES Ltd and IRCON granted Navratna status". pib.gov.in. PIB Delhi. 13 October 2023. Retrieved 12 January 2024.
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Global Information
₹2,734.51 crore (US$340 million) (2020)