EV Charger & Solar Solutions Provider-Servotech Renewable Power System Ltd.’s Subsidiary Enters into an Agreement to Acquire Hertz & Pixelz

Servotech Renewable Power System Ltd. is broadening its business portfolio with the acquisition of the business operations of Hertz and Pixelz, a proprietorship concern. This move, carried out through its subsidiary, Hertz and Pixelz Private Limited (formerly Techbec Green Energy Private Limited), marks a strategic diversification into the entertainment and events sector. Following the completion of this transaction, Servotech's ownership in the subsidiary will be adjusted from 100% to 51% on a fully diluted basis. This acquisition aligns with Servotech's vision to expand into industries that are driven by innovation, creativity, and transformative experiences, and it significantly strengthens its existing presence in the sports and event management space.

The acquisition is particularly strategic as Hertz & Pixelz is known for its ability to deliver large-scale spectacles by using state-of-the-art audio, lighting, high-resolution LEDs, and video solutions. The company has a notable track record, having powered high-profile events such as the G20 Summit and Ed Sheeran's concert in India, as well as various large-scale exhibitions, concerts, and government events. By integrating Hertz & Pixelz's established assets, extensive in-house inventory of premium equipment, and deep expertise in managing corporate and political events, Servotech aims to enhance its event management vertical and redefine live audience experiences. This acquisition is seen as a key step in strengthening Servotech's presence in a high-growth industry and marks the beginning of its expansion into providing extraordinary entertainment experiences.

Raman Bhatia, Founder and Managing Director of Servotech Renewable Power Systems Ltd., commented on the acquisition and said, “We have always believed in pushing boundaries and building ecosystems that inspire progress. The acquisition of Hertz & Pixelz reflects our commitment to entering new avenues that thrive on creativity and precision. With their proven expertise and legacy of delivering iconic events, we are confident this association will allow us to deliver extraordinary entertainment experiences and set new benchmarks in the industry.”

About the Company

Servotech Renewable Power System Limited, formerly Servotech Power Systems Ltd., is an NSE-listed company specialising in advanced EV charging solutions. Leveraging over two decades of expertise in electronics, they design and develop a wide array of AC and DC chargers compatible with various electric vehicles for both commercial and domestic applications. With their robust engineering capabilities, Servotech aims to be a key contributor to India's burgeoning EV infrastructure, solidifying their legacy as a trusted brand known for innovation and technological advancements across the country.

In Q1FY26, the company reported significant financial growth. Total Revenue increased by 21.99 per cent to Rs 13,716.54 lakh from Rs 11,243.92 lakh in Q1 FY25. EBITDA also saw a substantial rise of 26.87 per cent, reaching Rs 1,083.18 lakh compared to Rs 853.74 lakh in the previous fiscal year. Profit After Tax (PAT) grew by 1.36 per cent, amounting to Rs 455.05 lakh in Q1FY26, up from Rs 448.94 lakh in Q1FY25.

FIIs bought 2,63,041 shares in Q1FY26 and increased their stake to 2.99 per cent compared to Q4FY25. The company has a market cap of over Rs 3,000 crore. The stock is up over 40 per cent from its 52-week low of Rs 97.55 per share and delivered multibagger returns of 6,400 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.