Rail India Technical and Economic Service

RITES
FormerlyRail India Technical and Economic Service
Company typePublic
NSERITES
BSE541556
IndustryInfrastructure
Founded26 April 1974; 50 years ago (1974-04-26)
Headquarters
Sector-29, Gurgaon, Haryana
,
India
Area served
Worldwide
Key people
ServicesConsulting
RevenueIncrease 2,539 crore (US$300 million) (2023-24)
Increase 526 crore (US$63 million) (2023-24)
Increase 495 crore (US$59 million) (2023-24)
Total assetsIncrease 5,661 crore (US$680 million) (2023-24)
Total equityIncrease 2,609 crore (US$310 million) (2023-24)
OwnerGovernment of India (72.20%)
Number of employees
2611 (March 2024)
WebsiteRITES
Footnotes / references
[1]

RITES Ltd, formerly known as Rail India Technical and Economic Service Limited, is an Indian public sector undertaking and engineering consultancy corporation, specializing in the field of transport infrastructure. Established in 1974 by the Indian Railways, the company's initial charter was to provide consultancy services in rail transport management to operators in India and abroad. RITES has since diversified into planning and consulting services for other infrastructure, including airports, ports, highways and urban planning.[2]

As of 2011, it has executed projects in over 62 countries.[3] The company got listed on both NSE and BSE in July 2018.[4][5]

  1. ^ "Integrated Annual Report for the financial year 2023-24" (PDF). rites.com. RITES. 31 March 2024. Retrieved 10 September 2024.
  2. ^ "RITES Limited(RITES),Profile, Latest News, Press Release, MOU, CSR". www.psuconnect.in. Retrieved 8 December 2020.
  3. ^ "Home Page". RITES, Limited. Retrieved 12 August 2011.
  4. ^ "Rites IPO Review – Rites IPO Dates, Issue Price, Subscription and Allotment Status – The Economic Times". economictimes.indiatimes.com. Retrieved 4 January 2020.
  5. ^ Reporter, S. I. (14 June 2019). "RITES gains 6% to Rs 295 on bonus issue plan announcement". Business Standard India. Retrieved 4 January 2020.