About Amritsar Smart City Limited
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Amritsar Smart City Limited is a public limited state government company based in Amritsar, Punjab, India. It operates in the customer loyalty and engagement solutions segment of the business services sector. It was incorporated on 13 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U74999PB2016SGC045925. Its GSTIN is 03AAPCA0314B1ZI (Punjab).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ishwer Singh and Gaurav Vasdev.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Municipal Corporation Building C – Block Ranjit Avenue, Amritsar, Punjab, India – 143001.
As per the financials filed for FY 2022, the company reported a revenue of ₹146.72 Cr, a growth of 110% compared to the previous year. For the same year it recorded EBITDA of ₹2.46 Lakh (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 114% over three years and 234% over five years.
Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smartcityamritsar.com.
Company details
Contact details
Amritsar Smart City Limited's registered office is in Amritsar, Punjab. Its website is smartcityamritsar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMunicipal Corporation Building C – Block Ranjit Avenue, Amritsar, Punjab, India – 143001
- IndustryBusiness Services, Customer Loyalty & Engagement Solutions
To see the full contact details of Amritsar Smart City Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Amritsar Smart City Limited
FY 2023 filings availableAmritsar Smart City Limited reported revenue of ₹146.72 Cr (up 110% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 234% over five years, including 110% growth in the latest year. EBITDA rose 676% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹146.72 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.46 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Amritsar Smart City Limited, buy the company report.
Board of directors of Amritsar Smart City Limited
Amritsar Smart City has 10 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ishwer Singh | Director | 25 Jun 2019 | 7 Years 4 Months | Current |
| Gurmeet Sangha Rai | Nominee Director | 06 Apr 2017 | 9 Years 7 Months | Current |
| Sukhchain Singh | Nominee Director | 09 Sep 2019 | 7 Years 2 Months | Current |
| Karamjit Singh Sandhu | Nominee Director | 23 Jan 2018 | 8 Years 9 Months | Current |
| Tejveer Singh | Nominee Director | 04 Aug 2024 | 2 Years 3 Months | Current |
| Gaurav Vasdev | Director | 25 Jun 2019 | 7 Years 4 Months | Current |
Peer comparison
Amritsar Smart City Limited is compared with the 10 companies closest to it by revenue in the Business Services industry (Customer Loyalty Solutions), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Qwikcilver Solutions Private Limited | ₹322.31 Cr (FY 2022) | 61.0% | Delhi, India | |||
| O.C.Tanner India Private Limited | ₹263.81 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Jet Privilege Private Limited | ₹253.34 Cr (FY 2023) | -43.0% | Mumbai, Maharashtra, India | |||
| Blackhawk Network (India) Private Limited | ₹172.95 Cr (FY 2025) | 6.0% | Bangalore, Karnataka, India | |||
| Mastercard Loyalty Solutions India Private Limited | ₹156.3 Cr (FY 2025) | 63.0% | Mumbai, Maharashtra, India | |||
| Amritsar Smart City Limitedthis company | ₹146.72 Cr (FY 2022) | 110.0% | Amritsar, Punjab, India | |||
| Nexus Innovative Solutions Private Limited | ₹144 Cr (FY 2025) | -33.0% | Chennai, Tamil Nadu, India | |||
| Loyalty Solutions & Research Private Limited | ₹81.42 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| Easyrewardz Software Services Private Limited | ₹74.21 Cr (FY 2025) | 11.0% | Gurgaon, Haryana, India | |||
| Corporate Incentive Solutions Private Limited | ₹62.17 Cr (FY 2025) | 49.0% | Chandigarh, India | |||
| Accor Advantage Plus Marketing (India) Private Limited | ₹52.76 Cr (FY 2024) | 26.0% | New Delhi, Delhi, India |
To see the full peer comparison of Amritsar Smart City Limited, buy the company report.
Auditor
Amritsar Smart City Limited is audited by Padam Dhawan & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Padam Dhawan & Co. | FY 2022 | 003090N |
Shareholding
The shareholding of Amritsar Smart City Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Amritsar Smart City Limited, buy the company report.
Legal cases
Amritsar Smart City Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Amritsar, Punjab | Arbitration matter | Filed against the company by M/S Gaanesh Kartikay Construction Pvt. Ltd. | Disposed |
| High Court, PUNJAB | Arbitration matter | Filed against the company by M/S Chaman Lal and Sons | Disposed |
To see the full case history of Amritsar Smart City Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Amritsar Smart City Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Amritsar Smart City has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAPCA0314B1ZI | Punjab | Active | 09 Apr 2018 |
To see the full GST registrations and return filing status of Amritsar Smart City Limited, buy the company report.
Recent activity
Amritsar Smart City Limited has 40 board changes on record since 2016: 15 appointments and 25 cessations. The latest: Bikramjit Singh Shergill was appointed as Nominee Director on 20 Aug 2025.
31 earlier events are in the company report.
Frequently asked questions
Amritsar Smart City is an active public limited state government company based in Amritsar, Punjab, India. The company works in customer loyalty and engagement solutions, within the business services industry. It was incorporated on 13 December 2016 (10+ years old) and is registered under CIN U74999PB2016SGC045925.
Amritsar Smart City has 10 current directors:
- Ishwer Singh - Director
- Gurmeet Sangha Rai - Nominee Director
- Sukhchain Singh - Nominee Director
- Karamjit Singh Sandhu - Nominee Director
- Tejveer Singh - Nominee Director
- Gaurav Vasdev - Director
- Gurpreet Khera Singh - Nominee Director
- Ghanshyam Thori - Nominee Director
- Deepti Uppal - Nominee Director
- Bikramjit Singh Shergill - Nominee Director
The latest financial statements of Amritsar Smart City on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Amritsar Smart City is 03AAPCA0314B1ZI, registered in Punjab.
The CIN (Corporate Identification Number) of Amritsar Smart City is U74999PB2016SGC045925. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Amritsar Smart City has 2 court cases on record: 2 filed against it. Most are in the district courts.
Amritsar Smart City was incorporated on 13 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Amritsar Smart City by revenue are Qwikcilver Solutions Private Limited, O.C.Tanner India Private Limited, Jet Privilege Private Limited, Blackhawk Network (India) Private Limited, Mastercard Loyalty Solutions India Private Limited and 5 more, all in the Business Services industry (Customer Loyalty Solutions).
Bikramjit Singh Shergill was appointed as Nominee Director on 20 Aug 2025. Gulpreet Singh Aulakh was appointed as CEO on 12 Sep 2024. Harpreet Singh ceased to be CEO on 12 Sep 2024. Amritsar Smart City has 40 board changes on record in total.
Amritsar Smart City can be reached through the website smartcityamritsar.com. Its registered office is in Amritsar, Punjab, India.
The registered office of Amritsar Smart City is at Municipal Corporation Building C – Block Ranjit Avenue, Amritsar, Punjab, India – 143001.
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