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REC Ltd (REC), a subsidiary of Power Finance Corp Ltd, is a financial company. It provides financial assistance for the development of power infrastructure, including generation, transmission, distribution, and renewable energy projects. The company offers financial products such as long-term loans, medium-term loans, short-term loans, equity financing and debt refinancing. REC caters its services to private sector project developers, state power utilities, central power sector utilities, and state governments. The company has operations across India. REC is headquartered in Gurgaon, Haryana, India.
Headquarters
India
Address
Plot No. I-4, Sector 29, Gurugram, Haryana, 122001
Website
www.recindia.nic.in
Telephone
91 124 4441300
No of Employees
573
Industry
Financial Services
Ticker Symbol & Exchange
RECLTD (NSE)
Revenue (2025)
$6.8B
18.6%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
12.3%
(2025 vs 2024)
Market Cap*
$10.2B
Net Profit Margin (2024)
XYZ
-5.3%
(2025 vs 2024)
* As of and is in US$
REC Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Long Term Loans | Equity Financing |
| Short Term Loans | Debt Refinancing |
| Medium Term Loans |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Stake Sale | In February, the company sold its 52.63% stake held by the Government of India to Power Finance Corporation. |
| 2025 | Corporate Changes/Expansions | In December, the company opened two wholly owned subsidiaries, Ambernath Power Transmission Limited and Balsane Power Transmission Limited. |
| 2025 | Contracts/Agreements | In November, the company signed a memorandum of understanding with Meghalaya Power Distribution Corporation Limited and Central Power Research Institute to strengthen quality assurance for power distribution infrastructure in Meghalaya and Northeast India. |
Competitor Comparison
| Key Parameters | REC Ltd | Bajaj Finance Ltd | Shriram Finance Ltd | IIFL Finance Ltd | SREI Infrastructure Finance Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Gurugram | Pune | Mumbai | Mumbai | Kolkata |
| State/Province | Haryana | Maharashtra | Maharashtra | Maharashtra | West Bengal |
| No. of Employees | 573 | 71,613 | 79,872 | 14,782 | 2,198 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jitendra Srivastava | Managing Director; Chairman | Executive Board | 2025 | - |
| Rajesh Kumar | Chief Financial Officer; Director - Finance | Executive Board | 2026 | - |
| Subrata Aich | Director - Finance; Chief Risk Officer | Executive Board | - | - |
| Thangarajan Subash Chandira Bosh | Director - Projects; Director | Executive Board | 2025 | - |
| Mohan Lal Kumawat | Director - Finance-Bonds | Executive Board | 2026 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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