 | |
| Formerly | Rail India Technical and Economic Service |
|---|---|
| Company type | Public |
| NSE: RITES BSE: 541556 | |
| Industry | Infrastructure |
| Founded | 26 April 1974; 50 years ago (1974-04-26) |
| 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]
Major railway companies and projects that have had projects with RITES as a consultant include:
In Kenya, RITES has been involved in several projects including the operations of the Rift Valley Railway, which runs Kenya's railway line.
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