About SMASL
SMASL is a Natural Resources company based in Gurugram (India) founded in 1989, and was acquired by Sindhu Trade in September 2026. Contract-based coal mining services are offered by SMASL. SMASL has raised $40.7 million across 2 funding rounds from investors including STLL, ICICI Venture and Sainik Finance & Industries. The company has 774 employees. SMASL was last valued at $678 million in January 2007. Its Indian entity Sainik Mining And Allied Services Limited reported revenue of ₹1,099 Cr. Its focus areas include Mining and Services for Mining Industry.
Company details
SMASL was established in 1989 and is headquartered in Gurugram, India. Operations are focused on the coal mining sector, where contract-based services are provided to clients. Mining activities are conducted through specialized contracts, supporting extraction and related processes. The company is led by Managing Director Vritpal Sindhu, with a domain presence at sainikmining.com. Services remain centered on efficient, project-specific mining solutions within Indias resource landscape.
- Headquarters Gurugram, India
- Employees 774
- Stage Acquired
- SectorsNatural Resources
- Email••••••••
- Phone•••• ••••
- Website sainikmining.com
- Acquired by Sindhu Trade (Sep 2026)
- Legal Name Sainik Mining And Allied Services Limited
- Date of Incorporation 08 Feb, 1989
- Jurisdiction Punjabi Bagh, Delhi, India
- Annual Revenue₹1,099 Cr
FY 2025 · +4% YoY
- Net Profit₹48.38 Cr
FY 2025 · 4% margin
- EBITDA₹163 Cr
FY 2025 · 15% margin
- Total Equity Funding$40.7M (USD)
in 2 rounds
- Latest Funding Round$3.8M (USD), Series A
Mar 2008
- InvestorsSTLL
& 6 more
- Employee Count774
- Acquired bySindhu Trade
(Sep 2026)
Associated legal entities of SMASL
SMASL operates through Sainik Mining And Allied Services Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sainik Mining And Allied Services Limited CIN U34102DL1989PLC034982 | Active | 08 Feb 1989 | Punjabi Bagh, Delhi | ₹1,099 Cr | 774 | 10 | View details |
Funding Insights of SMASL
SMASL has successfully raised a total of $40.7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.8 million completed in March 2008. 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 $40.7M
- Total Rounds 2
- Last Round Series A — $3.8M
- First Round $36.9M
(Jan 2007)
- Investors Count 6
All 2 funding rounds of SMASL 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 |
|---|---|---|---|---|---|
| Mar 2008 | $3.8M | Series A | – | Global Minetec | |
| Jan 2007 | $36.9M | Series A | $678M | ICICI Venture, Sainik Finance & Industries | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2007 | $678M | •••••••• |
Last known valuation $678M (Jan 2007). 7 investors in total: 7 institutional.
Investors in SMASL
SMASL has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include STLL, ICICI Venture and Sainik Finance & Industries.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Alternative asset management and investment services in India. | 1988 | iciciventure.com | Mumbai, India | |
Investment & finance activities. | 1991 | sainikfinance.com | Delhi, India | |
Provider of financial services | ||||
Diversified midstream operations in oil and gas are managed. | 1984 | sindhutrade.com | Delhi, India |
Investor details for SMASL
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Sainik Mining And Allied Services Limited (SMASL)
Sainik Mining And Allied Services Limited is the primary company behind SMASL. The board of Sainik Mining And Allied Services Limited currently have 8 directors; the longest-serving is Vritpal Sindhu, appointed in 2013. 25 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vritpal Sindhu DIN 00033480 | Managing Director | 22 Mar 2013 | 13 yrs 7 mo | Sainik Mining And Allied Services Limited |
| Yuvraj Singh Solanki DIN 02573505 | Managing Director | 14 Jun 2018 | 8 yrs 4 mo | Sainik Mining And Allied Services Limited |
| Narayan Singh Rathore DIN 08733658 | Director | 23 Jul 2020 | 6 yrs 3 mo | Sainik Mining And Allied Services Limited |
| Bharat Sinh DIN 00347364 | Director | 29 Oct 2020 | 6 yrs | Sainik Mining And Allied Services Limited |
| Nishi Sabharwal DIN 06963293 | Director | 29 Oct 2020 | 6 yrs | Sainik Mining And Allied Services Limited |
| Sanjay Kumar Singh DIN 06483780 | Whole-time director | 31 Mar 2022 | 4 yrs 7 mo | Sainik Mining And Allied Services Limited |
| Sarvesh Sindhu DIN 06545787 | Director | 30 Apr 2025 | 1 yr 6 mo | Sainik Mining And Allied Services Limited |
| Saurabh Sindhu DIN 02291158 | Director | 30 Apr 2025 | 1 yr 6 mo | Sainik Mining And Allied Services Limited |
People of SMASL
2 people are tracked at SMASL (2 in leadership); the tracked headcount is 774.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
| Managing Director | Leadership |
Complete people profiles for SMASL
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of SMASL
Figures of Sainik Mining And Allied Services Limited, the primary company behind SMASL, for FY 2025. Revenue was ₹1,099 Cr (+4% year on year). Net profit was ₹48.38 Cr (4% margin). EBITDA was ₹163 Cr (15% margin). Revenue has grown at a compounded annual rate of +5% over three years and -7% over five years.
- ₹1,099 CrRevenue · FY 2025 · +4% YoY
- ₹48.38 CrNet profit · 4% margin
- ₹163 CrEBITDA · 15% margin
- ₹4.26 CrPaid-up capital
- 774Employees (provident fund records)
- +5%Revenue CAGR, 3 years
- -7%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sainik Mining And Allied Services Limited are on its company page.
Detailed financial statements for SMASL
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of SMASL
5 dated milestones of SMASL across 37 years, from founding to its latest funding, stage changes and deals.
- Founded SMASL is founded.
- Funding First funding round of $36.9M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.8M.
- Exit Acquired by Sindhu Trade.
Top companies in Services for Mining Industry
2 companies that operate in the same segment as SMASL (Services for Mining Industry) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Bulk material handling and mineral processing systems are manufactured. | 1947 | Chennai, Tamil Nadu, India | USD 67.25 M | 660 | ||
Development and exploration company focused on producing coal | 2006 | Gurugram, Haryana, India | USD 25.9 M | 476 |
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Related news about Smasl
Complete news archive for SMASL
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Frequently Asked Questions about SMASL
SMASL was founded in 1989 and raised its 1st funding round 18 years after it was founded.
SMASL is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
SMASL is a funded company, having raised a total of $40.7M across 2 funding rounds to date. The company's 1st funding round was a Series A of $36.9M, raised on Jan 2007.
SMASL has 774 employees.
The primary company behind SMASL, Sainik Mining And Allied Services Limited, reported revenue of ₹1,099 Cr for FY 2025, up 4% year on year.
SMASL was established in 1989 and is headquartered in Gurugram, India. Operations are focused on the coal mining sector, where contract-based services are provided to clients. Mining activities are conducted through specialized contracts, supporting extraction and related processes. The company is led by Managing Director Vritpal Sindhu, with a domain presence at sainikmining.com. Services remain centered on efficient, project-specific mining solutions within Indias resource landscape.
SMASL has 7 investors. Key investors include STLL, ICICI Venture, Sainik Finance & Industries, Global Minetec, and Bhilwara Tex-Fin.
The valuation of SMASL is $678M as of Jan 2007.
SMASL operates through Sainik Mining And Allied Services Limited.
Yes. SMASL was acquired by Sindhu Trade in September 2026.
The legal entities of SMASL currently have 10 directors, including Yuvraj Singh Solanki, Bharat Sinh, Sarvesh Sindhu and others.