Raychem RPG is aiming for Rs 20 bn revenue in next 2 years: Vivek Venkatachalam

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Raychem RPG is aiming for Rs 20 bn revenue in next 2 years: Vivek Venkatachalam

Raychem RPG is aiming for Rs 20 bn revenue in next 2 years: Vivek Venkatachalam

Articles
Mar 27,25

In this interaction with Rakesh Rao, Vivek Venkatachalam, CEO, Raychem RPG, highlights on emerging trends in the energy sector and the company’s future plans.

Raychem RPG is aiming for Rs 20 bn revenue in next 2 years: Vivek Venkatachalam

Raychem RPG Pvt Ltd, a 50:50 joint venture between TE Connectivity and RPG Enterprises, provides engineering solutions and services to multiple industries. In this interaction with Rakesh Rao, Vivek Venkatachalam, CEO, Raychem RPG, highlights on emerging trends in the energy sector and the company’s future plans.

Can you provide an overview of Raychem RPG and its key product offerings?

Raychem RPG is a leading manufacturer of electrical products catering to India's energy and transition sectors. Our portfolio includes a wide range of solutions designed for power transmission, distribution, and renewable energy applications. Some of our key products include cable accessories, which are essential for cable jointing, transformers for the energy sector, and various components for the renewable energy industry, particularly solar power. Our focus is on delivering high-quality, innovative solutions that support India's energy and sustainability goals.

We have four manufacturing facilities in India - one is located in Gujarat and three in Maharashtra. These facilities allow us to efficiently serve both domestic and international markets, ensuring timely production and delivery of our products.

What are the highlights of your stall at Elecrama? Are you introducing any new products?

Elecrama is more than just a trade show for us, it is a platform to showcase our latest innovations and engage with industry leaders, customers, and stakeholders. This year, we are excited to launch two new products that align with the needs of the energy sector.

The first is a 145 kV dry-type termination kit, a novel innovation in India. Traditionally, termination kits contain oil for insulation, but our new dry-type variant eliminates the need for oil, making it more environment-friendly and easier to handle. This reduces risks associated with oil seepage, pilferage, and maintenance, while also improving overall operational efficiency.

The second product is a solar connector, an essential component for solar panel installations. In solar power systems, DC power from individual solar modules must be connected in series for efficient energy evacuation. The connector plays a critical role in linking these panels securely and efficiently.

Currently, the Indian market relies heavily on imported solar connectors. By manufacturing them domestically, we are reducing import dependency and contributing to the Make in India initiative.

How do you see the market potential for these two products?

Both products have significant growth potential, given the rapid transformation in India's energy landscape. The dry-type termination kit is a game-changer in terms of installation ease, reliability, and environmental impact. By eliminating the need for oil, we are simplifying the installation process and ensuring long-term benefits for utilities and power distribution companies.

The solar connector is particularly important because India is aggressively expanding its renewable energy capacity. With solar power contributing a larger share to the country’s energy basket, having a reliable and locally manufactured connector solution is crucial. We anticipate a strong demand for this product, not just within India but also in export markets.

What role does export play in your business, and what is your export contribution today?

Export is a key part of our business strategy. Currently, around 40 per cent of our total revenue comes from exports, and we expect this to grow further. While our domestic business is expanding, we foresee our export contribution remaining in the 40–50 per cent range as we continue to expand into new international markets.

What are your growth plans for the next one to two years?

Our current revenue stands at ?15 billion, and we are targeting ?20 billion within the next two years. To achieve this, we are focusing on capacity expansion, innovation, and new product development.

We are particularly investing in smart sensors and IoT-enabled solutions for the power sector. These products will bring enhanced monitoring and automation capabilities, improving efficiency and reliability for energy utilities and industrial customers. By integrating AI-driven analytics and live data monitoring, we aim to provide solutions that align with the global trend of digital transformation in energy management.

Additionally, we are expanding our manufacturing capabilities with a focus on sustainability, smart technology, and localisation.