This paper presents the performance and efficiency of a drive system incorporating a switched-reluctance motor (SRM) with input power factor correction (PFC). The proposed system consists of a PFC, bi-directional converter, an inverter, and a SRM operating as based voltage source drives (VSD). First, theoretical analysis is made for each identified mode of operation in the drive system. This is followed by comparing the performance of the SRM drive system with and without a PFC circuit. The losses are also calculated for both systems and overall efficiency. Experimental results are presented to prove the theoretical analysis.