ThunderPlus Solutions Pvt Ltd, a fast-growing EV charging infrastructure company, has reported a Year-to-Date (YTD) revenue of ~₹15 crore for FY 2025–26 (April–March), demonstrating strong operational momentum and a clear path to profitability. The company is now targeting ₹33.4 crore in revenue for FY 2026–27, representing a 2.2X growth trajectory.
The company has achieved a 19% operational margin and remains one of the few profitable players in the EV charging ecosystem, setting itself apart in a sector where many competitors continue to report significant losses.
ThunderPlus has witnessed exponential growth over the past year, scaling from ₹4 lakh in April 2025 to ₹138 lakh in October 2025 marking a 34X increase within six months. Its core services business, particularly charging operations, continues to be the primary revenue driver, contributing over 60% to total revenue.
ThunderPlus is witnessing rapid adoption of public charging infrastructure, with public charging revenue nearly tripling from ₹5.3 lakh in May 2025 to ₹15 lakh in February 2026. This reinforces the company’s strategic shift towards building a robust public fast-charging network across key EV corridors.
The company currently operates 250+ charging stations across India and is expanding aggressively into high-growth regions including Tamil Nadu, Karnataka, and Andhra Pradesh all of them ultra fast charging facilities of 240kw+ chargers.
ThunderPlus has already achieved operational profitability and the only company to raise a debt fund from the State Bank of India.
Despite industry-wide challenges, ThunderPlus stands out with a positive PAT margin of 15%, compared to competitors who continue to operate at losses due to high capital expenditure and inefficient cost structures.
As part of its growth strategy, ThunderPlus is investing ₹9.05 crore in setting up six new high-capacity public charging stations across key transit corridors. These stations are expected to deliver ₹99 lakh in annual operational margin and significantly enhance network capacity.
Commenting on the performance, The leadership says:
“Our focus has been on building a sustainable and profitable EV charging business, rather than chasing growth at the cost of financial discipline. The strong revenue growth, improving margins, and rapid diversification validate our strategy. As EV adoption accelerates in India, we are well-positioned to scale our public charging network and drive the next phase of growth.”
The company’s FY 2026–27 growth will be driven by a diversified four-channel model comprising public charging, which will act as the flagship growth driver, along with Park & Charge solutions, EPC (Engineering, Procurement and Construction) projects, and equipment sales.
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