Rites Ltd. Company History and Annual Growth Details

The Company was incorporated as ‘Rail India Technical and Economic Services Private Limited’ on April 26, 1974 as a private limited company under the Companies Act, 1956 and was granted a certificate of incorporation by the then Registrar of Companies, Delhi & Haryana. The word ‘private’ was deleted from the name of the Company* on February 17, 1976. Thereafter, the name of the Company was changed to its present name, ‘RITES Limited’ on March 28, 2000, pursuant to a fresh certificate of incorporation issued by the RoC, National Capital Territory of Delhi and Haryana. Subsequently, the Company was converted into a public limited company# pursuant to a fresh certificate of incorporation dated February 5, 2008 issued by the RoC, National Capital Territory of Delhi and Haryana.

1975-76

- Entered into a consultancy agreement for conducting techno-economic study for Syrian Railways

1985-86

- Development of geotechnical centre for field and laboratory investigations

1994-95

- Entered into an export contract for supply of diesel locomotives to Nepal Railways

- Entered into a consultancy project agreement for providing services in relation to the Mass Rapid Transit System for Delhi Government

1998-99

- Entered into a contract with Delhi Metro – Phase I project for providing construction management and consultancy services to Delhi Metro Rail Corporation Limited

2004-05

- Detail design consultancy services for the 12.5 km long railway tunnel in India, the Pir- Panjal railway tunnel

2005-06

- Granted Mini Ratna category-I status

- The Company executed its first overseas contract agreement for the lease of Locomotives in Mozambique

- Proposal for providing design, construction supervision and post construction services for Francistown-Ramakgwebana Road project, Botswana was accepted

2007-08

- Upgraded to Schedule ‘A’ Public Sector Enterprise

2009-10

- Formed a Joint Venture Company (“JVC”) with SAIL for manufacturing of wagons, including high end specialized wagons for Indian Railways and other domestic and

overseas customers

2012-13

- Set-up a subsidiary in collaboration with Indian Railways for generation and procurement of power including through renewable energy

2016-17

- Entered into an agreement with Metro Express Limited for providing construction management services for the Metro Express Project in Mauritius

- Entered into off-shore construction management project of metro in Mauritius

- Entered into railway concessioning agreement on PPP model by forming an SPV for Bhuj-Naliya corridor

- Secured highest value export order of about ?6,800 million from Sri Lankan Railways for supply of locomotives and DMUs

- Recorded highest ever turnover of over 15,000 million in the history of the Company

2012-13

- Received the EEPC Gold Trophy for Top Exporter in 2012-13, from EEPC India

- Received the India Pride Award 2012 in “Transport” category

- Received “Gold Plate Award 2011-12” from HelpAge India for contribution towards cause and care of the underprivileged and elderly

- Featured in Dun & Bradstreet’s “India’s top PSUs 2012”

- Received “JGBS Top Rankers Excellence - Financial Pride Award” from Jindal Global Business School

2013-14

- Received “Special Commendation for the Golden Peacock Award for Corporate Social Responsibility, 2013” at the Golden Peacock Awards

- Received “Bronze Plate Award 2012-2013” from HelpAge India for commendable contribution towards the cause and care of the under-privileged elderly persons

- Received “Silver Trophy” (Top Exporter in 2013-14) from EEPC India

- Received “National Award for Excellence in Cost Management-2013 (Second Award in Public Service Sector (Large) ) from the Institute of Cost Accountants of India

2014-15

- “BT-STAR PSU Excellence Award 2014” for outstanding performance in the non- Maharatna/ Navratna category

- Special trophy in the category of Engineering Process Outsthecing Services by EEPC India at 44th Regional Awards (Northern) for Export Excellence

- Received “Legend PSU of The Year” Award in the category of Transport Infrastructure Services by the News Ink National Awards

2015-16

- Received “Niryat Shree - Gold Trophy” in the category of Engineering and Electronics sector (non-MSME) from Federation of Indian Export Organisations

- Received “National Award for Excellence in Cost Management-2015 (Second Position - Public Service Sector Medium)” from the Institute of Cost Accountants of India

- Received “PSU Awards 2015” for value growth (Miniratna - I) from Governance Now

2016-17

- Received “India Pride Awards 2016-17” for excellence in transport from Dainik Bhaskar.

- Received the “Corporate Governance & Sustainability Vision Award - 2017” by Indian Chamber of Commerce

- Received “Silver Award” at QCI-DL Shah Quality Awards-2016 for the case study “IT based Inspection And Billing Systems (IBS)”

- Received the Golden Peacock National Quality Awards (GPNQA) category for the year 2017

-RITES Limited is an engineering consultancy company specializing in the field of transport infrastructure 

2019 

-Rites Ltd issues bonus shares to existing shareholders in the ratio of 1:4 

2020 

-RITES Ltd secures consultancy orders for Rs. 46 cr. 

2021 

-'RITES wins Dun & Bradstreet Corporate Award 2021'. 

-"RITES, BEML sign MoU to explore Metro & Export projects". 

-'RITES gets IEI Industry Excellence Award 2021' .

2022 

-RITES inks MoU with Senegal firm for cooperation in Rail sector. 

-RITES bags order worth $3.20 mln in South America. 

-Rites signs MoU with National Railways of Zimbabwe. 

-RITES, MECL sign MoU for civil engineering infra works. 

-RITES wins ICAI Award for excellence in financial reporting". 

-"RITES and SMEC sign MoU to explore infra projects". 

2023 

-RITES wins Joint Silver Award (PSE Category) from SAFA and ICAI. 

-RITES, MIDC collaborate to boost Multi-Modal Logistics Projects. 

-Rites wins new order worth Rs 77 cr. 

2024 

-The Company has issued Bonus Shares in the Ratio of 1:1. 

-RITES signs MOU with M/s Ultratech Cement Limited (i.e. UTCL) for Project Management Consultancy Services at Rail Infra Projects. 

-"RITES wins Silver ICAI Award for excellence in Financial Reporting; REMC gets Plaque ". 

-"RITES wins CEAI National Award".

-Rites Ltd received Innovation in Rail Electrification for Green Railways award at ET Infra Rail Awards 2025 for REMC Ltd.