About Smartmeters Technologies
Smartmeters Technologies is a company based in Ahmedabad (India) founded in 2019 by Rakesh Shah and Shaishav Shah. Smartmeters Technologies has raised $134.49 thousand across 1 funding round from investors including Adani Gas. The company has 50 employees. Smartmeters Technologies offers products and services including ALPS G1.6, Everest G1.6, Victory, and Comms Cord. Smartmeters Technologies operates in a competitive market with competitors including Itron, Sense, Iskraemeco, Kimbal and Enedis, among others.
- Headquarter Ahmedabad, India
- Employees 50
- Founders Rakesh Shah, Shaishav Shah
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website smartmeters.co.in
- Social LinkedIn Facebook
- Legal Name Smartmeters Technologies Private Limited
- Date of Incorporation 07 Oct, 2019
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹16.53 Cr
FY 2026 · -21% YoY
- Net Loss-₹8.85 Cr
FY 2026 · -54% margin
- EBITDA-₹1.52 Cr
FY 2026 · -9% margin
- Total Equity Funding$134.49K (USD)
in 1 rounds
- Latest Funding Round$134.49K (USD), Seed
Aug 2021
- Investors
- Employee Count50
Associated legal entities of Smartmeters Technologies
Smartmeters Technologies operates through Smartmeters Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Smartmeters Technologies Private Limited CIN U31909GJ2019PTC110202 | Active | 07 Oct 2019 | Ahmedabad, Gujarat | ₹16.5 Cr | 50 | 4 | View details |
Products & Services of Smartmeters Technologies
Smartmeters Technologies offers a comprehensive portfolio of products and services, including ALPS G1.6, Everest G1.6, Victory, and Comms Cord.
Mechanical gas index meter for accurate measurement and utility tracking.
Prepaid gas meter for controlled usage and payment integration.
Automated meter reader for remote monitoring and data collection.
Optical port reader for meter communication and diagnostics.
Funding Insights of Smartmeters Technologies
Smartmeters Technologies has successfully raised a total of $134.49K through 1 strategic funding round. The most recent funding activity was a Seed round of $134.49 thousand completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $134,486
- Total Rounds 1
- Last Round Seed — $134,486
- First Round $134,486
(Aug 2021)
- Investors Count 1
All 1 funding rounds of Smartmeters Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $134,486 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in Smartmeters Technologies
Smartmeters Technologies has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Adani Gas.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Natural gas distribution is managed by Adani Total Gas Limited. | 2004 | adanigas.com | Ahmedabad, India |
Investor details for Smartmeters Technologies
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Board of directors of Smartmeters Technologies Private Limited (Smartmeters Technologies)
Smartmeters Technologies Private Limited is the primary company behind Smartmeters Technologies. The board of Smartmeters Technologies Private Limited currently have 3 directors; the longest-serving is Rakesh Ramanlal Shah, appointed in 2019. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rakesh Ramanlal Shah DIN 00421920 | Director | 07 Oct 2019 | 7 yrs | Smartmeters Technologies Private Limited |
| Shaishav Rakeshkumar Shah DIN 00019293 | Managing Director | 07 Oct 2019 | 7 yrs | Smartmeters Technologies Private Limited |
| Suresh Prakash Manglani DIN 00165062 | Director | 20 Aug 2021 | 5 yrs 1 mo | Smartmeters Technologies Private Limited |
People of Smartmeters Technologies
2 people are tracked at Smartmeters Technologies (2 in leadership); the tracked headcount is 50.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & Managing Director | Leadership |
Complete people profiles for Smartmeters Technologies
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Financials of Smartmeters Technologies
Figures of Smartmeters Technologies Private Limited, the primary company behind Smartmeters Technologies, for FY 2026. Revenue was ₹16.53 Cr (-21% year on year). Net loss was -₹8.85 Cr (-54% margin). EBITDA was -₹1.52 Cr (-9% margin). Revenue has grown at a compounded annual rate of +28% over three years and +28% over five years.
- ₹16.53 CrRevenue · FY 2026 · -21% YoY
- -₹8.85 CrNet loss · -54% margin
- -₹1.52 CrEBITDA · -9% margin
- ₹25.60 CrPaid-up capital
- 50Employees (provident fund records)
- +28%Revenue CAGR, 3 years
- +28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Smartmeters Technologies Private Limited are on its company page.
Detailed financial statements for Smartmeters Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Smartmeters Technologies
2 dated milestones of Smartmeters Technologies across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Smartmeters Technologies is founded.
- Funding First funding round of $134K.
Competitors of Smartmeters Technologies
Smartmeters Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Itron, Sense, Iskraemeco, Kimbal and Enedis, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| itron.com | 1977 | Liberty Lake, United States | – | 5,859 | Cloud-based end-to-end solutions for smart grids are provided. | |
| sense.com | 2013 | Cambridge, United States | $194.59M | 110 | AI-driven energy monitoring via sensors and mobile apps is provided. | |
| iskraemeco.com | 1945 | Kranj, Slovenia | $14.6M | 145 | AMI products for energy metering are manufactured globally. | |
| kimbal.io | 2011 | Delhi, India | $21.62M | 467 | Provider of advanced metering infrastructure, smart grid automation, and energy management solutions | |
| enedis.fr | 2008 | Paris, France | – | – | Smart metering solutions are provided for smart grid electricity monitoring. | |
| aclara.com | 1972 | Hazelwood, United States | – | 723 | Smart infrastructure solutions are provided to global utilities. | |
| londian.com.cn | 1996 | Shenzhen, China | $356.5M | – | Electric metering devices and AMI solutions are supplied for utilities. | |
| intellismartinfra.in | 2019 | Delhi, India | – | 229 | Smart metering infrastructure and AI-based analysis are provided by IntelliSmart. |
Detailed competitors of Smartmeters Technologies
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Latest news on Smartmeters Technologies
Complete news archive for Smartmeters Technologies
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Similar companies to Smartmeters Technologies
10 companies that operate in the same segment as Smartmeters Technologies (Smart Grid & Transmission Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 515.61 M | – | – | |
AI and cloud-driven solutions for energy optimization are provided. | 2009 | Millbrae, California, United States | USD 228.56 M | USD 156.27 M | 569 | |
Distributed energy grids are provided for clean electricity and utilities. | 2010 | London, England, United Kingdom | USD 130.7 M | – | – | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Solar-powered electricity is delivered via an app-based platform. | 2020 | Berlin, Berlin, Germany | USD 45.99 M | – | – | |
Provider of smart street lighting solutions | 1992 | Jaipur, Rajasthan, India | – | USD 504.88 M | 1,430 |
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Frequently Asked Questions about Smartmeters Technologies
Smartmeters Technologies was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Smartmeters Technologies is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Smartmeters Technologies is a funded company, having raised a total of $134.49K across 1 funding round to date. The company's 1st funding round was a Seed of $134.49K, raised on Aug 2021.
Smartmeters Technologies has 50 employees.
The primary company behind Smartmeters Technologies, Smartmeters Technologies Private Limited, reported revenue of ₹16.53 Cr for FY 2026, down 21% year on year.
Provider of smart metering devices. The product offerings include ALPS G1.6 - a mechanical index diaphragm gas meter, Everest G1.6 - a smart prepaid diaphragm type gas meter, and Victory - an automatic meter reading module. Additionally, it provides metering services and accessories.
Smartmeters Technologies's top competitors include Sense, Itron and Iskraemeco.
Smartmeters Technologies offers ALPS G1.6, Everest G1.6, Victory, and Comms Cord.
Smartmeters Technologies has 1 investor. Key investors include Adani Gas.
Smartmeters Technologies operates through Smartmeters Technologies Private Limited.
The legal entities of Smartmeters Technologies currently have 4 directors, including Rakesh Ramanlal Shah, Shaishav Rakeshkumar Shah, Suresh Prakash Manglani and others.