By FMTeam Within the power sector of India, no doubt, REC is a big name, and that’s mainly because it is an old company in this niche and a government-owned as well as founded one too. But we assume that you don’t know much about this one yet, that’s why we’re here with talking points like REC Limited Net Worth, Owner, CEO, Head Office and a bit more.
| Company name | REC Limited |
| Establishment year | 1969 |
| Head Office | Gurugram, Haryana |
| Owner/Founder | Founded by the Government of India |
| CEO Name | Jitendra Shrivastava, Chairman and Managing Director (CMD) |
| Industry | Infrastructure finance, mainly power sector financing |
| Number of employees | 512 |
| Net worth (Market capitalization) | ₹89,239.93 crore (7th March 2026) |
| Total revenue in 2024 | ₹47,571.23 crore |
Company Profile
Looking at the history side of things, you must know the facts like REC was set up initially to help the electrification of rural India. And? Well, the company, however, has grown significantly and even now is a super important source of capital for the whole power sector. It is involved in the financing of power generation, transmission, distribution, and renewable energy projects in India presently. Besides that, it also supports the infrastructure development of non-power sectors like roads, metro rail, airports, ports, hospitals, and IT communication projects. Right now, the main head office, aka the registered office of REC Limited, is in Gurugram, at least that you should know.
Net Worth and Market Capitalization
In the case of this one, it is much better to just stick with the market cap number, and for REC Limited, that is somewhere around ₹89,239.93 crore as of 7th March 2026.
Recent Updates and Future Outlook
Now’s the time to talk about the recent moves taken, and for that, we must say that the expansion of REC will be highly dependent on India’s rising expenditure on energy and infrastructure developments. The firm gave the nod to a plan to raise funds amounting to ₹1.70 trillion for FY2026 through borrowings in order to enable its lending operations. The boards of REC and Power Finance Corporation have, in principle, approved the idea of merging, as per a statement released in February 2026. The merged entity, as it has been communicated, will remain a government company.