Readily Mobility has taken a major step toward public listing as it initiates conversion into a public company ahead of a proposed ₹100 crore Initial Public Offering (IPO). The move underscores the company’s ambition to expand its footprint in India’s clean-energy after-sales and service ecosystem.
The Delhi-based firm is evaluating the IPO at a valuation range of ₹700–750 crore, although the final issue size and valuation will depend on market conditions, regulatory approvals, and discussions with financial advisors. The public issue is aimed at supporting the company’s growth plans across multiple clean-energy segments.
To prepare for life as a publicly traded entity, Readily Mobility is strengthening its governance and leadership framework. The company plans to expand its Board of Directors with the induction of Shivani Agarwal and Smiriti Makharia, adding strategic and financial expertise. Additionally, Advocate Jash Dalia has been appointed as legal counsel to oversee the conversion process and ensure ongoing regulatory compliance.
Founded in 2016 by Hiteshh Sharma as a provider of electric vehicle after-sales services, Readily has diversified into clean-energy operations, particularly solar commissioning and operations & maintenance (O&M). The company currently manages an executed and ongoing portfolio of about 700–800 MW across utility-scale, commercial, and industrial solar projects.
Building on its core competencies, Readily is now expanding into distributed and rooftop solar segments, including participation in government initiatives such as PM-KUSUM, which promotes decentralised solar solutions for agriculture and small power producers. This strategic diversification aims to tap India’s fast-growing demand for distributed clean energy while broadening the company’s addressable market.
Company leadership says the proposed IPO will provide growth capital to scale the service network, invest in technology platforms, and deepen engagement with national sustainability goals. By integrating EV after-sales, solar O&M, and emerging rooftop solar offerings under a technology-enabled model, Readily aims to establish itself as a differentiated clean-energy after-sales platform serving OEMs, fleet operators, farmers, and households nationwide.
