Servotech
| Company type | Public |
|---|---|
| ISIN | INE782X01033 |
| Industry | Renewable energy |
| Founded | 2004 |
| Founder | Raman Bhatia |
| Headquarters | , India |
Area served | India |
| Products | |
| Subsidiaries |
|
| Website | servotech |
Servotech (also known as Servotech Renewable Power Systems Limited) is an Indian renewable energy company, headquartered in New Delhi, India.
History
[edit]The company, established in 2004 as Servotech Power Systems Limited, manufactures solar-related products and has expanded its operations into the development of AC-DC chargers for electric vehicles. It is also involved in the production of ultra-fast DC chargers and home AC chargers. Initially, the company began its business with the introduction of sine wave inverters for both commercial and domestic applications. In addition to its core solar offerings, the company is into manufacturing of LED lights, solar streetlights, and solar-hybrid inverters.[1] In 2017, the company went public, listing on the National Stock Exchange of India's SME platform on August 24 and in 2021 it migrated to NSE mainboard.[2][3] And, in December 2024, it rebranded itself to Servotech Renewable Power Systems Limited in December 2024.[4][5]
In May 2025, Errol Musk joined the company as a member of global advisory board of the company.[6]
Operations
[edit]Servotech has a manufacturing capacity of 300,000 units per month at its facility in Sonipat, Haryana.[7] As of March 2024, company building a new manufacturing plant dedicated to producing Power Modules, Control Circuits, and PLCs — key components used in EV chargers. Initially, this new facility will have the capacity to produce 24,000 power modules per year, with plans to scale up production to 240,000 power modules annually.[8]
Project EnerMAAS
[edit]The EnerMAAS project, funded by the German Federal Ministry for Economic Affairs and Climate Action, will run for 2.7 years. To support this initiative, Servotech has partnered with LESSzwei GmbH to develop fully solar-powered EV charging infrastructure for micromobility in Germany. The project will introduce AI-driven BIKE-Port charging stations, each capable of charging four two-wheelers with a total solar-powered output of 3.3 kW. Servotech will manufacture 100 units, deploying two stations in 50 cities, while LESSzwei will develop the AI and application components.[9]
Sports
[edit]The company owns the Servotech Siliguri Strikers team in the Bengal Pro T20 League.[10]
References
[edit]- ^ Jindal, Vipin (5 July 2024). "Informerics Ratings - Servotech Power Systems Limited" (PDF). Informerics Ratings. Retrieved 14 June 2025.
- ^ India, NSE. "List of companies for Migration to main board in Emerge - NSE India". NSE India. Archived from the original on 2025-03-27. Retrieved 2025-06-14.
- ^ "Over 65 SME stocks transferred to the mainboard in the last 3 years, these are the top 3 performers leading the way". upstox.com. Retrieved 2025-06-14.
- ^ www.ETEnergyworld.com. "Servotech Power Systems rebrands as Servotech Renewable Power System - ET EnergyWorld". ETEnergyworld.com. Retrieved 2025-06-14.
- ^ "Multibagger stock: Delhi-based EV charger maker Servotech gets nod to change name - Details". ET Now. 2024-12-18. Retrieved 2025-06-14.
- ^ Dhanrajani, Rachna (2025-05-28). "Errol Musk to visit India as Servotech Power Systems Global Advisory Board Member in June - CNBC TV18". CNBCTV18. Retrieved 2025-06-14.
- ^ Makhija, Mohit; Kansal, Nitin (21 February 2018). "Rating Advisory for Servotech Power Systems Private Limited" (PDF). CRISIL. Retrieved 14 June 2025.
- ^ www.ETAuto.com. "Servotech Power Systems sets up facility to produce EV charger components - ET Auto". ETAuto.com. Retrieved 2025-06-14.
- ^ Ghosh, Anupama (2024-12-09). "Servotech Power Systems surges on solar EV charging network in Germany". BusinessLine. Retrieved 2025-06-14.
- ^ "Siliguri Strikers unveiled as newest franchise of Bengal Pro T20 League". The Times of India. 2024-05-10. ISSN 0971-8257. Retrieved 2025-06-16.
Further reading
[edit]- Naik, Nikhil (25 October 2024). "Top stocks in India's EV charging megatrend". Mint (newspaper). Retrieved 14 June 2025.
- Raj, K. Aravind (September 2024). "Powering India's Electric Future: The Rise of EV Charging Infrastructure and Servotech's Strategic Play". Open Access Cases. 1 (3). ISSN 3067-0349. Retrieved 23 March 2025.
- "Technical Analysis of Servotech Renewable Power System". Mint (newspaper). Retrieved 14 June 2025.
- "Servotech Power Systems Ltd. Analyst Estimates & Ratings". Wall Street Journal. Retrieved 14 June 2025.
- Simon, Kevin B. (February 2025). "Charging Ahead: Driving India's EV Revolution in Rural Areas". IndraStra Global. 11 (2). eISSN 2381-3652 – via GESIS – Leibniz Institute for the Social Sciences/SSOAR.