About SM Corporation Limited
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SM Corporation Limited is a public limited company based in Guwahati, Assam, India. It operates in the engineering sector. It was incorporated on 05 June 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Guwahati, under CIN U51909AS1981PLC007406. Its GSTIN is 18AAACN8313L1Z9 (Assam). The company holds 10 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹12.57 Cr. It was formerly known as North Eastern Mercantiles Limited. It is led by directors including Sarat Kumar Jain (Managing Director) and Rishi Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Anil Plaza 3rd Floor Near Idbi Bank G.S.Road, Guwahati, Assam, India – 781005.
As per the financials filed for FY 2025, the company reported a revenue of ₹853.71 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹11.5 Cr (net margin 1.3%) and EBITDA of ₹28.41 Cr (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 9% over five years.
The company has about 190 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹147.26 Cr and satisfied charges of ₹138.37 Cr on record. Court records list 31 cases involving the company, including 23 filed by the company and 8 filed against it; 9 cases are pending. The company has 14 deals on record (6 secondary share transfers, 4 funding rounds, 4 rights issues), with disclosed funding of ₹13.97 Cr; the latest was in March 2024. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 21 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smcorp.in.
Company details
CIN history
SM Corporation has one previous CIN (Corporate Identification Number): L51909AS1981PLC007406. The current CIN is U51909AS1981PLC007406, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909AS1981PLC007406 | Current |
| L51909AS1981PLC007406 | Previous |
Contact details
SM Corporation Limited's registered office is in Guwahati, Assam. Its website is smcorp.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAnil Plaza 3rd Floor Near Idbi Bank G.S.Road, Guwahati, Assam, India – 781005
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of SM Corporation 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 activities of SM Corporation are trade and construction. In detail, this covers retail trading and demolition & site preparation, electrical, plumbing & other specialized construction activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of SM Corporation Limited, buy the company report.
Financials of SM Corporation Limited
FY 2025 filings availableSM Corporation Limited reported revenue of ₹853.71 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 18% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹853.71 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹28.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.5 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 1.3% | ||||
| 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 SM Corporation Limited, buy the company report.
Board of directors of SM Corporation Limited
SM Corporation has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Agarwal Also directs: SM Venture Partners Private Limited, SM Energenco Limited, SM Infrastructure Private Limited and 5 more | Director | 02 Nov 2004 | 21 Years 11 Months | Current |
| Sarat Kumar Jain Also directs: SM Energenco Limited, SM Infrastructure Private Limited, SM Engineers India Limited and 5 more | Managing Director | 28 Sep 2006 | 20 Years 0 Months | Current |
| Sriparna Bose Pyne Also directs: Yellow Hat Consultants Private Limited | Director | 16 Aug 2025 | 1 Years 2 Months | Current |
| Rishi Agarwal Also directs: SM Venture Partners Private Limited, SM Energenco Limited, SM Engineers India Limited and 5 more | Whole-Time Director | 01 Feb 2012 | 14 Years 8 Months | Current |
| Rajeev Chaudhry Also directs: Sowil Limited | Director | 21 Apr 2026 | 0 Years 6 Months | Current |
| Kulvin Suri Also directs: Duroply Industries Limited, Royal Calcutta Golf Club | Director | 16 Sep 2023 | 3 Years 1 Months | Current |
Auditor
SM Corporation Limited is audited by R JAJODIA & CO for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R JAJODIA & CO | FY 2025 | 332167E |
Shareholding
The shareholding of SM Corporation Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SM Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2026 | 101366101 | Others | ₹3 Cr | Open | |
| 09 May 2025 | 101094392 | Others | ₹15 Cr | Open | |
| 01 Mar 2025 | 101065516 | Others | ₹45.5 Lakh | Open | |
| 03 Jan 2024 | 100844158 | Others | ₹11.25 Cr | Open | |
| 24 May 2023 | 100728289 | Others | ₹10 Cr | Open |
To see the full charge records of SM Corporation Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
SM Corporation Limited has 14 deals on record (6 secondary share transfers, 4 funding rounds, 4 rights issues), with disclosed funding of ₹13.97 Cr; the latest was in March 2024.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: SM Hotels and Resorts Private Limited , 3 individuals Seller: Dynaroof Technical Services Private Limited , SL Cokes Limited , SM Ispat Limited , an individual |
| Sep 2023 | Rights issue | ₹54 Lakh | Investors: Thinks Enterprises Private Limited , an individual |
| Aug 2023 | Secondary share transfer | Undisclosed | Buyer: Dyna Roof Private Limited , SM Ispat Limited , 2 individuals Seller: Dyna Roof Private Limited , 3 individuals |
| Sep 2021 | Rights issue | ₹6.8 Lakh | Investors: Dyna Roof Private Limited |
| Sep 2020 | Rights issue | ₹4.75 Cr | Investors: Purvanchal Aromatics Pvt Ltd , SM Hotels and Resorts Private Limited , 2 individuals |
To see the full deal history of SM Corporation 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
SM Corporation Limited has 31 court cases on record: 23 filed by SM Corporation, 8 filed against it. 9 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 2 | 7 |
| High courts | 10 | 6 | 2 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kamrup Metro, Assam | Civil suit | Filed by the company against Kaizer Construction Company Ltd. and 4 others | Pending |
| District court, Kamrup Metro, Assam | Interim or miscellaneous application | Filed by the company against Union of India | Pending |
| Gauhati High Court | Writ petition | Filed by the company against The Union of India and 4 Ors | Pending |
| High Court, Assam | Court case (CRP(IO)) | Filed by the company against an individual | Pending |
| District court, Kamrup Metro, Assam | Court case (Money Appeal) | Filed against the company by an individual | Pending |
To see the full case history of SM Corporation 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.
Credit ratings & regulatory alerts
SM Corporation Limited was last rated by Crisil on 12 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 Oct 2020 |
To see the full credit ratings and regulatory alerts of SM Corporation Limited, buy the company report.
MSME payment delays
SM Corporation Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 21 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| North East Mercantile and Advertising Agency | |||
| an individual supplier | |||
| an individual supplier | |||
| Kanta Carriers Private Limited |
To see the full MSME payment records of SM Corporation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
SM Corporation has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| SM Engineers India Limited | U45203AS2010PLC010103 | |
| Victory Consultants Private Limited | U65921AS1997PTC005180 |
To see the full group structure of SM Corporation Limited, buy the company report.
Employees & EPFO
SM Corporation Limited has a workforce of 190 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
GST
SM Corporation has 10 GST registrations: 4 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AAACN8313L1Z9 | Assam | Active | 01 Jul 2017 |
| 18AAACN8313L5Z5 | Assam | Active | 16 Jul 2025 |
| 17AAACN8313L1ZB | Meghalaya | Active | 01 Jul 2017 |
| 16AAACN8313L2ZC | Tripura | Active | 09 Aug 2017 |
To see the full GST registrations and return filing status of SM Corporation Limited, buy the company report.
Recent activity
SM Corporation Limited has 15 board changes on record since 2004: 6 appointments and 9 cessations. The latest: Rajeev Chaudhry was appointed as Director on 21 Apr 2026.
66 earlier events are in the company report.
Frequently asked questions
SM Corporation is an active public limited company based in Guwahati, Assam, India. The company works in the engineering industry. It was incorporated on 05 June 1981 (45+ years old) and is registered under CIN U51909AS1981PLC007406.
SM Corporation has 6 current directors:
- Sarat Kumar Jain - Managing Director
- Rishi Agarwal - Whole-Time Director
- Vikas Agarwal - Director
- Sriparna Bose Pyne - Director
- Rajeev Chaudhry - Director
- Kulvin Suri - Director
The latest financial statements of SM Corporation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of SM Corporation is 18AAACN8313L1Z9, registered in Assam. The company has 10 GST registrations in all, of which 4 are active and 6 are cancelled or inactive. Other active GSTINs include 18AAACN8313L5Z5 (Assam), 17AAACN8313L1ZB (Meghalaya), 16AAACN8313L2ZC (Tripura).
The CIN (Corporate Identification Number) of SM Corporation is U51909AS1981PLC007406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SM Corporation has 31 court cases on record: 23 filed by the company and 8 filed against it. 9 are pending. Most are in the district courts.
SM Corporation was incorporated on 05 June 1981, making it 45+ years old. It is registered with the Registrar of Companies, Guwahati.
SM Corporation has 14 deals on record (6 secondary share transfers, 4 funding rounds, 4 rights issues), with disclosed funding of ₹13.97 Cr; the latest was in March 2024.
Rajeev Chaudhry was appointed as Director on 21 Apr 2026. Sriparna Bhuyan Baruah ceased to be Director on 16 Aug 2025. Sriparna Bose Pyne was appointed as Director on 16 Aug 2025. SM Corporation has 15 board changes on record in total.
SM Corporation has 9 MSME Form 1 returns on record between 2019 and 2024, listing 21 overdue payments to 6 micro and small suppliers. The latest return was filed on 06 Apr 2024.
SM Corporation can be reached through the website smcorp.in. Its registered office is in Guwahati, Assam, India.