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RITES Reviews

Gurugram, Haryana

4.5/ 5

2 reviews

RITES Limited, incorporated on April 26, 1974, as Rail India Technical and Economic Service, is a leading multidisciplinary engineering, consultancy, and project management enterprise under the Ministry of Railways, Government of India. Headquartered in Gurugram, Haryana, the company is designated as a Navratna Central Public Sector Enterprise (CPSE) and is publicly traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker RITES. Over its five-decade history, RITES has established itself as an infrastructure powerhouse, evolving from a small specialist rail consultancy unit into an internationally recognized multi-modal advisory firm spanning various transport sectors. The core operations of RITES are divided across several major business segments: consultancy services, export of rolling stock, leasing of railway equipment, and turnkey construction projects. In the high-margin consultancy vertical, the company offers a comprehensive range of solutions from concept to commissioning, including techno-economic and feasibility studies, detailed project reports, design engineering, quality assurance, and project management. Its expertise encompasses railways, highways, metros, airports, ports, ropeways, bridges, tunnels, urban planning, and green mobility. Notably, RITES acts as the sole export arm of Indian Railways for providing rolling stock overseas (excluding specific regions), supplying locomotives, passenger coaches, and trainsets internationally. It also manages a fleet of over 90 locomotives for wet leasing to non-railway domestic clients such as ports, cement plants, and power stations. RITES maintains a significant global and domestic footprint, having executed more than 5,000 projects across more than 55 countries in Asia, Africa, Latin America, and the Middle East. Some of its marquee domestic infrastructure achievements include providing engineering, technical advisory, and project management for complex projects like the Bogibeel Bridge (India's longest road-cum-rail bridge), the Pir Panjal Railway Tunnel, and various major metro systems such as Ahmedabad Metro. The company has also expanded into targeted logistics development and sustainable infrastructure, collaborating with entities like DP World and the Delhi Metro Rail Corporation (DMRC). Financially, RITES operates as an almost debt-free company with a strong order book exceeding INR 8,800 crore. For the fiscal year ending March 31, 2026, the company reported a trailing 12-month revenue of approximately $273 million (USD) and a net income of $46.4 million (USD). Led by Chairman, Managing Director, and CEO Rahul Mithal alongside CFO Krishna Gopal Agarwal, RITES focuses on delivering world-class engineering solutions that emphasize integrity, technical excellence, and transition towards a low-carbon, sustainable transport future.