Press Release - March 27, 2025
New Delhi, March 27, 2025: Servotech Renewable Power System Ltd. (NSE: SERVOTECH) (formerly known as Servotech Power Systems Ltd.), a leading provider of EV chargers and solar solutions is pleased to inform its valued customers, shareholders and stakeholders that the company has been granted a patent by the Indian Patent Office for its proprietary innovation titled “System and Method for Peak Shaving”. The patent is effective for a period of 20 years from its original filing date.
This development marks a significant milestone in Servotech’s innovation journey and strengthens its intellectual property portfolio in the energy technology space. The patented solution enables intelligent reduction of peak electricity demand, improving energy efficiency and offering cost-saving benefits to users while contributing to grid stability.
Raman Bhatia, Founder & Managing Director of Servotech Renewable Power System Ltd., commented, “This patent recognition is a powerful validation of our R&D efforts. It accelerates our strategic push into future-ready energy solutions and aligns with our vision of delivering long-term value to our shareholders and partners. Servotech continues to invest in advanced technologies that support a cleaner, smarter, and more efficient energy future.”
Servotech's strategic highlights present a compelling opportunity. The expansive market potential opens avenues for innovative product development and widespread commercial applications, positioning the company for significant growth across diverse sectors. Servotech's technological edge solidifies its leadership in the rapidly evolving smart energy solutions and sustainable infrastructure domain. Furthermore, the company's focus on IP-driven differentiation strengthens its competitive position by providing a robust defense for its innovations. Ultimately, these strategic initiatives collectively contribute to a strong foundation for long-term growth, fostering sustained innovation and driving shareholder value creation, added Raman Bhatia
Servotech Renewable Power System Limited (Formerly known as Servotech Power Systems Ltd.) is an NSE-listed organization that develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. We offer an extensive range of AC and DC chargers which are compatible with different Electric Vehicles and serve multiple applications such as commercial and domestic. With our comprehensive engineering capabilities, we plan to play a pivotal role in developing India's EV tech infrastructure. As a trusted brand with a strong pan-India presence, our legacy is marked by proven innovations and development of the advanced technologies.
For more information, please visit: https://www.servotech.in
Media Contact:Prabhutva Tiwari
PR & Corporate Communications
Email - pr@servotechindia.com
Contact - +91 8318873166
This press release contains “forward- looking statements” that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are to different degrees, uncertain. For us, uncertainties arise from the behavior of financial, software and real estate industry, from future integration of businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.