Refex Group

Refex Group is an Indian diversified business group headquartered in Chennai, Tamil Nadu. The group operates across sectors including logistics, renewable energy, ash and coal handling, and electric mobility services. Its listed entity, Refex Industries Limited, is traded on Indian stock exchanges. Refex Group expanded its operations through its listed arm, Refex Industries Limited, which has been engaged in fly ash handling, coal trading, and infrastructure-related services.[1]

Operations

The group’s operations include industrial logistics, ash handling solutions for power plants, renewable energy activities, and mobility services. Refex has entered the electric vehicle (EV) mobility segment through its green mobility initiatives, providing EV-based transportation services in select Indian cities.[2][3]

Electric mobility initiatives

Refex Group expanded into electric mobility through EV operations, including airport taxi services and urban fleet deployment. Media reports have noted expansion plans to increase EV deployment across multiple cities in India.[4][5]

Regulatory matters

In 2025, media reports stated that income tax search operations were conducted at premises associated with the Refex Group. Subsequent corporate disclosures reported that the search proceedings had concluded and that the company denied certain media reports regarding alleged irregularities.[6][7]

References

  1. ^ Ltd, People Matters Pte. "Purvesh Kapadia of Refex Group: A paradigm of 'exponential' growth". People Matters. Retrieved 2026-02-11.
  2. ^ "Refex group expands Green Mobility biz; to add 10,000 EVs in 3 yrs". The Times of India. 2023-09-25. ISSN 0971-8257. Retrieved 2026-02-11.
  3. ^ "Refex Green Mobility starts Delhi NCR operations • EVreporter". 2025-10-01. Retrieved 2026-02-11.
  4. ^ "Refex Group EVs inducted into airport taxi fleet in Bengaluru". The Times of India. 2024-06-05. ISSN 0971-8257. Retrieved 2026-02-11.
  5. ^ "Union Minister Prahlad Joshi Inaugurates Refex Green Mobility Operations in Delhi NCR | Machine Maker - Latest Manufacturing News | Indian Manufacturing News - Latest Manufacturing News | Indian Manufacturing News - Machine Maker". 2025-10-01. Retrieved 2026-02-11.
  6. ^ Konrad, Kai A. (2010). "Search Costs and Corporate Income Tax Competition". SSRN Electronic Journal. doi:10.2139/ssrn.1695935. ISSN 1556-5068.
  7. ^ admin (2025-12-23). "Refex Industries Issues Official Clarification on Income Tax Search Operations - Leaders Wiki Refex Industries Confirms Normal Operations Amid Authority Inspections | Site Title". Leaders Wiki. Retrieved 2026-02-11.
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