Servotech Renewable Power System have market cap of 2000 Crores in June 2024. Company’s operation was in booming future sector of the world.
Servotech Renewable Power System ltd is a power and renewable company with more than 10M+ user all over the world. In india they cover in 10 states till date.
There are many leading companies in renewable energy sector, KPI Green Energy, TATA Power, Insolation Energy, etc.
Servotech Renewable Power System History
Servotech Renewable Power System was incorporated in 2004 by Raman Bhatia in new delhi. Currently he is MD and Chairman of the company. He said “we are heading towards new future with creating environmentally conscious tomorrow with transforming era of electric mobility.“
In 2004, Created sine wave inverter for indian users. In 2010, started solar street lights solar hybrid inverters for mass scale in india.
In 2017, company got listed on stock exchanges like NSE and BSE. In 2022, company manufacturing EV charger and become market leader after tata power in EV sector.
Servotech Power Systems Strategies For Future Growth
Driving digital channels to enhance profitability, Prioritize sustainability for efficient growth, target market segment and expand in that segment, diversify product portfolio.
Their vision is “Produce green to live green.” Company was rooted with five core values. Customer service, profitability, renewable and commitment , innovation.
Innovate with fresh thinking, using best tools to analyze and drive sales, net zero use of resources and free world from emission, customer satisfaction is the key metric for use to work, honest with action and with proper rules and regulation.
Servotech Renewable Product Categories
They have wide range of product from solar to EV and LEDs. They have core domain in EV charger segment.
| Products | Launch Date | Uses |
|---|---|---|
| EV Chargers | 2022 | Electric cars |
| Solar | 2010 | generating free energy in every sector |
| LEDs | 2009 | government projects in cities |
| Power & Backups | 2004 | companies to work without tension |
| Servo Stabilizers | 2004 | power and transmission industry |
| Medical Grade Devices | 2021 | medical field |
When it comes to charging electric vehicles (EVs), there are two primary types of chargers: AC (Alternating Current) chargers and DC (Direct Current) chargers. Each type has its own characteristics, benefits, and use cases. Below is a comprehensive overview of both AC and DC chargers for EVs.
AC chargers, also known as Level 1 and Level 2 chargers, provide power to the onboard charger of an EV, which then converts the AC power to DC to charge the battery. They are widely used for residential and commercial charging.
DC chargers, also known as Level 3 chargers or fast chargers, provide DC power directly to the EV battery, bypassing the onboard charger. They are used for rapid charging, typically found in commercial and public settings.
Servotech Renewable Financial Statements
Cash Flow Statements of servotech power systems in financial year 2022-2023. Latest annual report is now shown on company’s official website.
| Cash Flow Statements | FY2022-2023 | FY2021-2022 |
|---|---|---|
| Cash Flow From Operating Activities | (24) | 7.8 |
| Cash Flow From Investing Activities | (12) | 2.4 |
| Cash Flow From Financing Activities | 45 | (0.5) |
| Total Cash and Cash Equivalents ( increases / decreases ) | 8 | 4 |
| Cash and Cash Equivalents Beginning of the year | 8 | 3 |
| Cash and Cash Equivalents End of the year | 16 | 8 |
Cash and Cash Equivalents are short term cash that company can get very fast like money deposits in the bank, shares investment, paper cash, etc. If company face any problem or they want to acquire any other company to expand their business then company uses cash and cash equivalents.
