RITES IPO is part of disinvestment plan of GoI. Rites Ltd. is a Government of India a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise, Incorporated in 1974, under the aegis of Indian Railways. RITES Ltd., an ISO 9001:2008 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations. In overseas projects, RITES actively pursues and develops cooperative links with local consultants/firms, as means of maximum utilization of local resources and as an effective instrument of sharing its expertise.
The company has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions. RITES Ltd is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia, and Indonesia).
Design, engineering and consultancy services in transport infrastructure sector with a focus on railways, urban transport, roads and highways, ports, inland waterways, airports, and ropeways;
Leasing, export, maintenance, and rehabilitation of locomotives and rolling stock;
Wagon manufacturing, renewable energy generation and power procurement for Indian Railways through collaborations by way of joint venture arrangements, subsidiaries or consortium arrangements.