Servotech Renewable Group Spans Sports, Medical and Energy

Servotech Renewable Power System Ltd. disclosed eight controlled entities as of 30 September 2026, extending its group beyond clean energy into medical devices, sports management, events and two cricket-league businesses. The disclosed holdings range from 51% to 100%, while solar plants, inverters and solar panels with balance-of-system products made up 91.49% of Q2 FY27 product revenue mix.

What businesses are part of Servotech Renewable’s group?

Servotech Renewable’s group includes clean-energy, medical-device, sports-event and cricket-league activities through eight controlled entities disclosed at 30 September 2026. The entities are Servotech Foundation, ReBreathe Medical Devices India Pvt. Ltd., Hertz & Pixelz Pvt., Ltd., Servotech EV Infra Pvt. Ltd., Servotech Sports & Entertainment Pvt. Ltd., Servotech Renewable International FZCO, Servotech Siliguri Strikers Pvt. Ltd. and Dream League of India T(10) Pvt. Ltd.

The disclosed structure differs from Servotech Renewable’s operating product portfolio, which covers solar solutions, electric-vehicle charging solutions, battery energy storage systems and servo stabilizers. In Q2 FY27, solar plants accounted for 42.54% of product revenue mix, solar inverters for 27.54% and solar panels and balance-of-system products for 21.41%. EV products accounted for 3.98%, power for 2.79%, other products for 0.92% and annual maintenance contracts for 0.82%.

Servotech Renewable reported consolidated revenue of Rs 168.83 crore in Q2 FY27, up 56.82% from Rs 107.66 crore in Q2 FY26. Standalone revenue was Rs 158.82 crore, up 54.31% from Rs 102.93 crore. The presentation shows that consolidated revenue exceeded standalone revenue in both periods, but it does not disclose revenue, profit, assets or employee numbers for any individual group entity.

Which Servotech Renewable subsidiaries operate outside clean energy?

Servotech Renewable identifies five controlled businesses outside its stated solar, EV charging and power-product portfolio: ReBreathe Medical Devices India, Hertz & Pixelz, Servotech Sports & Entertainment, Servotech Siliguri Strikers and Dream League of India T(10). ReBreathe Medical Devices India is 95% held and is mainly engaged in manufacturing oxygen concentrators, components and UVCs.

Hertz & Pixelz is 51% held and was acquired for entry into the mega-event and sports-management industry, according to the presentation. Servotech Renewable states that it renamed its subsidiary Techbec Green as Hertz & Pixelz Pvt., Ltd. Servotech Sports & Entertainment is 61.73% held and is mainly engaged in sports management, events and promotion.

The group also includes two cricket-related subsidiaries with holdings above 65%. Servotech Siliguri Strikers is 74.22% held and operates a franchise cricket business playing in the Bengal Pro T20 League. Dream League of India T(10) is 65.31% held and is engaged in the tennis-ball cricket league business in India.

How does Servotech Renewable retain its clean-energy operations?

Servotech Renewable retains controlled entities directly linked to EV charging, international renewable-energy activity and corporate social responsibility. Servotech EV Infra is 94.28% held, acts as a charging point operator, or CPO, and installs EV charging stations across India. Servotech Renewable International FZCO is 75% held and is described as the global arm for EV charging and renewable-energy solutions.

Servotech Foundation is 100% held and serves as the corporate social responsibility body, with stated work in clean energy, community development, education and environmental responsibility initiatives. The presentation also states that Servotech Renewable, established in 2004, has two manufacturing facilities, global presence and more than 600 employees across India. It does not allocate those facilities or employees across the named entities.

The Q2 FY27 product mix indicates that solar-related products remained the largest disclosed source categories despite the wider group structure. Solar plants at 42.54% exceeded solar inverters at 27.54% by 15 percentage points, while EV at 3.98% was smaller than each of the three solar categories. The presentation does not assign the reported product mix to standalone or consolidated revenue.

Consolidated profitability increased more quickly than standalone profitability in Q2 FY27. Consolidated gross profit rose 84.54% to Rs 43.60 crore from Rs 23.63 crore, compared with standalone gross-profit growth of 61.42% to Rs 36.33 crore from Rs 22.51 crore. Consolidated EBITDA rose 216.97% to Rs 23.60 crore, while standalone EBITDA rose 105.07% to Rs 19.98 crore.

What is Rhine Solar’s relationship with Servotech Renewable?

Rhine Solar Limited is an associate company, not a controlled subsidiary, in which Servotech Renewable holds 27% as of 30 September 2026. The presentation describes Rhine Solar as a solar-panel and cell manufacturer integrated for backward integration and business-portfolio expansion.

Rhine Solar’s 27% holding contrasts with the eight group entities where Servotech Renewable disclosed holdings from 51% to 100%. Its stated solar-panel and cell manufacturing role also differs from the medical-device, sports-management and cricket-league activities in the controlled structure. The presentation gives no production capacity, transaction value, timeline or financial contribution for the associate.

The distinction is relevant to the separate Q2 FY27 standalone and consolidated results, although the presentation does not provide a line-item result for Rhine Solar. Consolidated profit after tax was Rs 9.54 crore in Q2 FY27, up 2314.51% from Rs 39.51 lakh in Q2 FY26. Standalone profit after tax was Rs 8.37 crore, up 268.51% from Rs 2.27 crore.

Conclusion

Servotech Renewable’s disclosure shows a controlled group that extends materially beyond its solar, EV charging and power-product positioning. Its reported Q2 FY27 revenue mix was led by solar plants, solar inverters and solar panels with balance-of-system products, while its group structure also included medical devices, event management, sports promotion, a Bengal Pro T20 franchise business and a tennis-ball cricket league.

The next item to watch is whether Servotech Renewable provides entity-level financial disclosure or capital-allocation detail for these businesses. Management lists AI integration, solar focus, resource optimisation, research and development, digitization and an expanded product portfolio among its strategic priorities, but the presentation gives no financial target, timetable or allocation for the medical, sports or cricket operations.