ThunderPlus Solutions Pvt Ltd has reported strong financial and operational performance for FY 2025–26, posting a year-to-date (YTD) revenue of approximately ₹15 crore and setting an ambitious target of ₹33.4 crore for FY 2026–27, reflecting a 2.2X growth trajectory.
The EV charging infrastructure company has emerged as a standout player in a capital-intensive sector, achieving a 19% operational margin and maintaining profitability—an uncommon feat in an industry where many competitors continue to incur losses. The company also reported a positive profit-after-tax (PAT) margin of 15%, underscoring its focus on sustainable growth.
ThunderPlus witnessed rapid expansion over the past year, with revenues surging from ₹4 lakh in April 2025 to ₹138 lakh in October 2025, marking a remarkable 34-fold increase within six months. Its core charging operations business remains the primary revenue driver, contributing more than 60% to total earnings.
The company has also seen significant traction in its public charging segment. Revenue from public charging nearly tripled, rising from ₹5.3 lakh in May 2025 to ₹15 lakh in February 2026. This growth aligns with ThunderPlus’ strategy to build a robust public fast-charging network across key EV corridors in India.
Currently operating over 250 charging stations nationwide, the company is expanding aggressively in high-growth regions such as Tamil Nadu, Karnataka, and Andhra Pradesh, with a focus on ultra-fast charging infrastructure powered by 240kW+ chargers.
In a notable achievement, ThunderPlus has secured debt funding from State Bank of India, becoming one of the few companies in the EV charging space to access institutional financing—further validating its business model and financial stability.
As part of its expansion strategy, the company is investing ₹9.05 crore to establish six new high-capacity public charging stations along major transit corridors. These installations are expected to generate an annual operational margin of ₹99 lakh while significantly enhancing network capacity.
Commenting on the company’s performance, Executive Director Rajeev YSR said the focus has been on building a profitable and scalable EV charging business rather than pursuing growth at the expense of financial discipline. He added that strong revenue growth and improving margins validate the company’s long-term strategy.
Looking ahead, ThunderPlus plans to drive growth through a diversified four-channel model, including public charging, Park & Charge solutions, EPC projects, and equipment sales. With EV adoption accelerating across India, the company aims to capitalize on rising demand and strengthen its position in the rapidly evolving EV infrastructure market.
