About Smartering Infratech Private Limited
Data last updated:
Smartering Infratech Private Limited is a private limited company based in New Delhi, Delhi, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the industrial testing and measurement equipment segment of the machinery and industrial equipment sector. It was incorporated on 23 June 2003.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U32109DL2003PTC121038. Its GSTIN is 07AACCP9814A1ZN (Delhi).
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Smart Metering Systems India Private Limited. It is led by directors Rishipreet Singh Sachdeva and Gaganpreet Sachdeva Singh.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 15A/5 W E Akarol Bagh, New Delhi, Delhi, India – 110005.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.87 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹86.52 Lakh (net margin -22.3%) and EBITDA of -₹4.82 Lakh (EBITDA margin -1.2%). Revenue has declined at a compounded annual rate (CAGR) of 58% over three years and 45% over five years.
As per MCA filings, the company has open charges of ₹62.75 Cr on record. Court records list 48 cases involving the company, including 7 filed by the company and 42 filed against it; 4 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.8 Cr; the latest was in March 2016.
The last known website on record is palmohan.com.
Company details
Name history
Smartering Infratech has undergone 5 name changes throughout its history. The current legal name is Smartering Infratech Private Limited.
| Company Name | Status |
|---|---|
| Smartering Infratech Private Limited | Current |
| Smart Metering Systems India Private Limited | Previous |
| Palmohan Electronics Private Limited | Previous |
| Smart Metering India Private Limited | Previous |
| Smartering Energy Systems Private Limited | Previous |
Contact details
Smartering Infratech Private Limited's registered office is in New Delhi, Delhi. Its website is palmohan.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address15A/5 W E Akarol Bagh, New Delhi, Delhi, India – 110005
- IndustryMachinery and Equipment, Industrial Testing & Measurement Equipment
To see the full contact details of Smartering Infratech Private 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
Business activity
The main business activity of Smartering Infratech is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Smartering Infratech Private Limited, buy the company report.
Financials of Smartering Infratech Private Limited
FY 2021 filings availableSmartering Infratech Private Limited reported revenue of ₹3.87 Cr (down 78% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 45% over five years, including a 78% fall in the latest year. EBITDA fell 104% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.87 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.82 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹86.52 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.2% | ||||
| Net Profit Margin | -22.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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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 Smartering Infratech Private Limited, buy the company report.
Board of directors of Smartering Infratech Private Limited
Smartering Infratech has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishipreet Singh Sachdeva Also directs: Gurbani Foods and Beverages LLP, Rishi Mohan Builders Private Limited, Pme Infrastructure Private Limited and 4 more | Director | 23 Jun 2003 | 23 Years 4 Months | As last reported |
| Gaganpreet Sachdeva Singh Also directs: Rishi Mohan Builders Private Limited, Pme Infrastructure Private Limited, Grow Well Builders Private Limited and 4 more | Director | 11 Aug 2003 | 23 Years 2 Months | As last reported |
Auditor
Smartering Infratech Private Limited is audited by BHUTANI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHUTANI & ASSOCIATES | FY 2021 | 025906N |
Shareholding
The shareholding of Smartering Infratech Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Smartering Infratech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Oct 2010 | 10248270 | Sbi Global Factors Limited | ₹3 Cr | Open | |
| 03 Jan 2008 | 10085856 | Punjab & Sind Bank | ₹31.25 Cr | Open | |
| 24 Feb 2007 | 10040730 | Punjab & Sind Bank | ₹16.5 Cr | Open | |
| 30 Nov 2005 | 90369672 | Punjab & Sind Bank | ₹12 Cr | Open |
To see the full charge records of Smartering Infratech Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Smartering Infratech Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.8 Cr; the latest was in March 2016.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Funding round | ₹2 Cr | Investors: 3 individuals |
| Jan 2011 | Funding round | ₹50 Lakh | Investors: 3 individuals |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Mar 2007 | Funding round | ₹30 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Smartering Infratech Private Limited has 48 court cases on record: 7 filed by Smartering Infratech, 42 filed against it. 4 cases are pending and 44 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 30 | 0 |
| NCLAT | 9 | 7 | 4 |
| High courts | 8 | 4 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 48)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Melange Systems Pvt. Ltd. | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Melange Systems Pvt. Ltd. | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against M/S. Energy Efficiency Services Ltd. | Disposed |
| District court, West, Delhi | Execution petition | Filed against the company by M/S. Krishna Electropart P. Ltd Through Its Managing Director Mr. Aditya Mishra | Disposed |
| NCLAT, Registrar Court | Tribunal matter | Filed by the company against Melange Systems Pvt.Ltd. and Anr. | Disposed |
To see the full case history of Smartering Infratech Private 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 Smartering Infratech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Smartering Infratech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCP9814A1ZN | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Smartering Infratech Private Limited, buy the company report.
Recent activity
Smartering Infratech Private Limited has 5 board changes on record since 2003: 2 appointments and 3 cessations. The latest: Harpreet Singh Sachdeva ceased to be Director on 09 May 2021.
3 earlier events are in the company report.
Frequently asked questions
Smartering Infratech is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Smartering Infratech is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in industrial testing and measurement equipment, within the machinery and equipment industry. It was incorporated on 23 June 2003 and is registered under CIN U32109DL2003PTC121038. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Smartering Infratech has 2 current directors:
- Rishipreet Singh Sachdeva - Director
- Gaganpreet Sachdeva Singh - Director
The latest financial statements of Smartering Infratech on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Smartering Infratech is U32109DL2003PTC121038. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smartering Infratech has open charges of ₹62.75 Cr and no satisfied charges on record as per latest MCA filings.
Smartering Infratech has 48 court cases on record: 7 filed by the company and 42 filed against it. 4 are pending. Most are in the district courts.
Smartering Infratech was incorporated on 23 June 2003. It is registered with the Registrar of Companies, Delhi.
Smartering Infratech has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.8 Cr; the latest was in March 2016.
Harpreet Singh Sachdeva ceased to be Director on 09 May 2021. Harmanpreet Singh Sachdeva ceased to be Director on 07 Apr 2016. Kawal Sachdeva ceased to be Additional Director on 09 Dec 2015. Smartering Infratech has 5 board changes on record in total.