MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-RJ-17-0065547
Polaris Smart Metering Private Limited - environment in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹40.01 Cr
▲ 497% YoY
Net loss · FY 2024
₹77.31 Lakh
Net margin -1.9%
EBITDA · FY 2024
₹2.48 Cr
EBITDA margin 6.2%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹10.26 Cr
Issued & subscribed
Open charges
₹4,382.23 Cr
Secured borrowings
Company age
15 yrs
Est. 2011
Employees · EPFO
216
Provident fund records
About Polaris Smart Metering Private Limited
Data last updated:
Polaris Smart Metering Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Greenmet Solutions Pte Ltd. It operates in the clean energy solutions segment of the environmental services sector. It was incorporated on 03 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40106HR2011PTC134442. Its GSTIN is 06AAECG0929P1ZB (Haryana). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.26 Cr. It is led by directors including Varun Unnikrishnan and Ashish Agarwal.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Gurgaon, Haryana.
As per the financials filed for FY 2024, the company reported a revenue of ₹40.01 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹77.31 Lakh (net margin -1.9%) and EBITDA of ₹2.48 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years and 49% over five years.
The company has about 216 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4,382.23 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 11 deals on record (5 rights issues, 3 secondary share transfers, 3 funding rounds), with disclosed funding of ₹712.46 Cr; the latest was in April 2026.
Polaris Smart Metering Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0065547). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grampower.com.
Company details
CIN U40106HR2011PTC134442
Registration Number 134442
Incorporation Date 03 January 2011
ROC Delhi
Listing Status Unlisted
Company Status Active
Parent Company Greenmet Solutions Pte Ltd
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-RJ-17-0065547
CIN history
Polaris Smart Metering has one previous CIN (Corporate Identification Number): U40106RJ2011PTC033744. The current CIN is U40106HR2011PTC134442, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106HR2011PTC134442 | Current |
| U40106RJ2011PTC033744 | Previous |
Recognitions & Rankings of Polaris Smart Metering
Contact details
Polaris Smart Metering Private Limited's registered office is in Gurgaon, Haryana.
- Social Media
- Apps
- Registered AddressTimes Square Building 2nd Floor, Sushant Lok Phase – 1 Sector – 43 Gurugram, Gurgaon, Haryana, India – 122009
- IndustryEnvironment, Clean Energy Solutions
Comprehensive company report
Polaris Smart Metering Private Limited - one report that includes everything
- 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
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Business activity
The main business activities of Polaris Smart Metering are manufacturing and information and communication. In detail, this covers computer, electronic, communication and scientific measuring & control equipment and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | |
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Polaris Smart Metering Private Limited, buy the company report.
Financials of Polaris Smart Metering Private Limited
FY 2024 filings availablePolaris Smart Metering Private Limited reported revenue of ₹40.01 Cr (up 497% YoY) for FY 2024.
Revenue · FY 2024
₹40.01 Cr ▲ 497%
Net loss · FY 2024
₹77.31 Lakh margin -1.9%
EBITDA · FY 2024
₹2.48 Cr margin 6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 497%
3 years · compounded
▲ 82%
5 years · compounded
▲ 49%
EBITDA CAGR growth
1 year
▲ 306%
3 years · compounded
▲ 67%
5 years · compounded
▲ 48%
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 497% growth in the latest year. EBITDA rose 306% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹40.01 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹77.31 Lakh | ||||
| 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | -1.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Polaris Smart Metering Private Limited, buy the company report.
Board of directors of Polaris Smart Metering Private Limited
Polaris Smart Metering has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Unnikrishnan Also directs: Gomati Smart Metering Private Limited, Saryu Smart Metering Private Limited, Hooghly Smart Metering Private Limited and 5 more | Director | 03 Apr 2025 | 1 Years 7 Months | Current |
| Ashish Agarwal | Director | 02 Jul 2024 | 2 Years 4 Months | Current |
| Rajeev Sharma Also directs: Sarda Energy & Minerals Limited, JSW Energy Limited, Barmer Lignite Mining Company Limited and 5 more | Director | 21 Jun 2023 | 3 Years 4 Months | Current |
| Yashraj Khaitan Also directs: Basant Fibertek Private Limited, Thar Solar Private Limited, Gomati Smart Metering Private Limited and 5 more | Director | 03 Jan 2011 | 15 Years 10 Months | Current |
| Kishore Kumar Khaitan Also directs: Basant Fibertek Private Limited, Thar Solar Private Limited, Hitendra Properties Private Limited and 1 more | Director | 03 Jan 2011 | 15 Years 10 Months | Current |
Charges & borrowings
Open charges
₹4,382.23 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Nov 2025 | 101196490 | Axis Bank Limited | ₹75 Cr | Open | |
| 29 May 2025 | 101112409 | Sbicap Trustee Company Limited | ₹1,262.99 Cr | Open | |
| 29 May 2025 | 101112401 | Sbicap Trustee Company Limited | ₹874.71 Cr | Open | |
| 29 May 2025 | 101112400 | Sbicap Trustee Company Limited | ₹1,262.99 Cr | Open | |
| 29 May 2025 | 101112399 | Sbicap Trustee Company Limited | ₹874.71 Cr | Open |
To see the full charge records of Polaris Smart Metering Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Polaris Smart Metering Private Limited has 11 deals on record (5 rights issues, 3 secondary share transfers, 3 funding rounds), with disclosed funding of ₹712.46 Cr; the latest was in April 2026.
Total deals
11
Rights issues
5
Secondary share transfers
3
Funding rounds
3
Disclosed funding
₹712.46 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2026 | Funding round | ₹710 Cr | Investors: British International Investment (CDC Group) |
| Nov 2024 | Rights issue | ₹83.6 Cr | Investors: Greenmet Solutions Pte Limited |
| May 2024 | Rights issue | ₹95.44 Cr | Investors: Greenmet Solutions Pte Limited |
| Feb 2023 | Rights issue | ₹45.36 Cr | Investors: Greenmet Solutions Pte Limited |
| Nov 2022 | Secondary share transfer | Undisclosed | Buyer: Greenmet Solutions Pte Limited Seller: Gram Power Inc |
To see the full deal history of Polaris Smart Metering Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Polaris Smart Metering Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Court case (TS (Com)) | Filed against the company by Ms Sumotek Innovation Private Limited | Pending |
| District court, Central, Delhi | Civil suit | Filed against the company by M/S Silizon Technologies LLP | Disposed |
To see the full case history of Polaris Smart Metering 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 Polaris Smart Metering Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Polaris Smart Metering has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECG0929P1ZB | Haryana | Active | 09 Jun 2023 |
| 08AAECG0929P1Z7 | Rajasthan | Active | 01 Jul 2017 |
| 10AAECG0929P1ZM | Bihar | Active | 31 Jul 2020 |
| 38AAECG0929P1Z4 | Ladakh | Active | 15 May 2023 |
To see the full GST registrations and return filing status of Polaris Smart Metering Private Limited, buy the company report.
Recent activity
Polaris Smart Metering Private Limited has 11 board changes on record since 2011: 5 appointments and 6 cessations. The latest: Varun Unnikrishnan ceased to be Additional Director on 26 Sep 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 75.00 Cr with Charge ID 101196490 was registered on 14 Nov 2025.
Ceased
Varun Unnikrishnan ceased to be Additional Director.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 1,262.99 Cr with Charge ID 101112409 was registered on 29 May 2025.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 874.71 Cr with Charge ID 101112401 was registered on 29 May 2025.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 1,262.99 Cr with Charge ID 101112400 was registered on 29 May 2025.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 874.71 Cr with Charge ID 101112399 was registered on 29 May 2025.
Appointed
Varun Unnikrishnan was appointed as Director.
AGM
Polaris Smart Metering Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Ceased
Ashish Agarwal ceased to be Additional Director.
Appointed
Ashish Agarwal was appointed as Director.
Filing
Polaris Smart Metering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Ceased
Rajeev Sharma ceased to be Additional Director.
11 earlier events are in the company report.
News
Frequently asked questions
Polaris Smart Metering is an active private limited company based in Gurgaon, Haryana, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 03 January 2011 (15+ years old) and is registered under CIN U40106HR2011PTC134442.
Polaris Smart Metering has 5 current directors:
- Varun Unnikrishnan - Director
- Ashish Agarwal - Director
- Rajeev Sharma - Director
- Yashraj Khaitan - Director
- Kishore Kumar Khaitan - Director
The latest financial statements of Polaris Smart Metering on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Polaris Smart Metering is 06AAECG0929P1ZB, registered in Haryana. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 08AAECG0929P1Z7 (Rajasthan), 10AAECG0929P1ZM (Bihar), 38AAECG0929P1Z4 (Ladakh).
The CIN (Corporate Identification Number) of Polaris Smart Metering is U40106HR2011PTC134442. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polaris Smart Metering has 2 court cases on record: 2 filed against it. 1 is pending.
Polaris Smart Metering was incorporated on 03 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
Polaris Smart Metering has 11 deals on record (5 rights issues, 3 secondary share transfers, 3 funding rounds), with disclosed funding of ₹712.46 Cr; the latest was in April 2026.
Varun Unnikrishnan ceased to be Additional Director on 26 Sep 2025. Varun Unnikrishnan was appointed as Director on 03 Apr 2025. Ashish Agarwal ceased to be Additional Director on 27 Sep 2024. Polaris Smart Metering has 11 board changes on record in total.
Yes, Polaris Smart Metering is registered as a small enterprise under Udyam registration (number: UDYAM-RJ-17-0065547).
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