ThunderPlus Solutions Pvt Ltd has reported strong financial and operational performance for FY 2025–26, achieving a year-to-date (YTD) revenue of around ₹15 crore. The company has set an ambitious revenue target of ₹33.4 crore for FY 2026–27, reflecting a projected 2.2X growth trajectory.
ThunderPlus is unique in the capital-intensive EV charging infrastructure sector because it is able to stay profitable. The company had an operational margin of 19% and a profit-after-tax (PAT) margin of 15%, making it one of the few profitable companies in the industry.
Rapid Revenue Expansion and Business Momentum
Over the past year, ThunderPlus saw a lot of growth. Its revenues jumped from ₹4 lakh in April 2025 to ₹138 lakh in October 2025, a 34-fold increase in just six months. Its main source of income is still its core charging operations, which bring in more than 60% of total earnings.
The company’s public charging segment has also shown strong traction, with revenues nearly tripling from ₹5.3 lakh in May 2025 to ₹15 lakh in February 2026. This growth aligns with its strategy to expand a robust fast-charging network across key EV corridors in India.
Network Expansion and Strategic Investments
Currently operating more than 250 charging stations nationwide, ThunderPlus is expanding aggressively across high-growth regions such as Tamil Nadu, Karnataka, and Andhra Pradesh. The focus remains on deploying ultra-fast charging infrastructure powered by 240kW+ chargers.
The company has also gotten debt funding from the State Bank of India, which is a big deal because it’s one of the few EV charging companies to get institutional financing.
As part of its expansion roadmap, ThunderPlus is investing ₹9.05 crore to set up six new high-capacity public charging stations along major transit corridors. These stations are expected to generate an annual operational margin of ₹99 lakh while strengthening network capacity.
Leadership Perspective and Future Strategy
Commenting on the performance, Executive Director Rajeev YSR stated that the company’s focus has been on building a profitable and scalable EV charging business rather than pursuing growth at the cost of financial discipline. He added that strong revenue growth and improving margins validate the long-term strategy.
ThunderPlus wants to grow by using a four-channel model that includes public charging, Park & Charge solutions, EPC projects, and equipment sales. The company wants to take advantage of the fast-growing popularity of electric vehicles in India.
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