Back RITES German رایتز Persian RITES Finnish Rail India Technological and Economic Services ID राइट्स लिमिटेड Marathi RITES Swahili
 | |
| Formerly | Rail India Technical and Economic Service |
|---|---|
| Company type | Public |
| NSE: RITES BSE: 541556 | |
| Industry | Infrastructure |
| Founded | 26 April 1974 |
| Headquarters | , India |
Area served | Worldwide |
Key people | |
| Services | Consulting |
| Revenue |  ₹2,734.51 crore (US$330 million) (2020) |
| ₹881.27 crore (US$110 million) (2020) | |
| ₹626.16 crore (US$75 million) (2020) | |
| Total assets | ₹5,902.64 crore (US$710 million) (2020) |
| Total equity | ₹2,714.75 crore (US$330 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.
- ^ Press Release, PIB. "RITES Ltd granted Navratna status".