About Smart Card IT Solutions Limited
Data last updated:
Smart Card IT Solutions Limited is a public limited company based in Shirur, Maharashtra, India. It operates in the mobile value-added services (vas) segment of the telecommunications sector. It was incorporated on 22 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U26104PN2010PLC135861. Its GSTIN is 27AAECR7103A2ZU (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹30 Cr. It was formerly known as Smart Card It Solutions Private Limited and Ropa Card Technologies Private Limited. It is led by directors including Pankaj Madan (Whole-Time Director) and Mukesh Malhotra.
Its last annual general meeting (AGM) was held on 01 October 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Gat 837/2 Pune Nagar Road Village Sanaswadi, Shirur, Maharashtra, India – 412208.
As per the financials filed for FY 2019, the company reported a revenue of ₹314.9 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹2.6 Cr (net margin -0.8%) and EBITDA of ₹37.25 Cr (EBITDA margin 11.8%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years.
The company has about 97 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Smart Card IT Solutions. As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹104.72 Cr on record. Court records list 28 cases involving the company, including 9 filed by the company and 19 filed against it; 10 cases are pending. The company has 27 deals on record (18 secondary share transfers, 9 funding rounds), with disclosed funding of ₹96.89 Cr; the latest was in June 2024. The company has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 99 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 scit-solutions.com.
Name History
Smart Card IT Solutions has undergone 2 name changes throughout its history. The company was previously known as Smart Card It Solutions Private Limited, and Ropa Card Technologies Private Limited. The current legal name is Smart Card It Solutions Limited.
| Company Name | Status |
|---|---|
| Smart Card IT Solutions Limited | Current |
| Smart Card It Solutions Private Limited | Previous |
| Ropa Card Technologies Private Limited | Previous |
CIN History
Smart Card IT Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U26104PN2010PLC135861, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26104PN2010PLC135861 | Current |
| U22219PN2010PLC135861 | Previous |
| U22219PN2010PTC135861 | Previous |
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressGat 837/2 Pune Nagar Road Village Sanaswadi, Shirur, Maharashtra, India – 412208
- IndustryTelecom, Mobile Value-Added Services (VAS)
- 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
- One PDF report, delivered after checkout
Associated Brands
Smart Card IT Solutions operates one associated brand: Smart Card IT Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Smart card manufacturing and consulting services in India. | scit-solutions.com |
Business Activity
The main business activity of Smart Card IT Solutions is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Smart Card IT Solutions Limited
FY 2019 filings availableSmart Card IT Solutions Limited reported revenue of ₹314.9 Cr (up 11% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over three years, including 11% growth in the latest year. EBITDA fell 1% 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 2018-19 | FY 2014-15 to FY 2017-18in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹314.9 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹37.25 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹2.6 Cr | |
| 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 2018-19 | FY 2014-15 to FY 2017-18in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 11.8% | |
| Net Profit Margin | -0.8% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2014-15 to FY 2017-18, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Smart Card IT Solutions are in the company report.
: available in the company report
Board of Directors of Smart Card IT Solutions Limited
Smart Card IT Solutions has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Malhotra Also directs: Rosmerta Safety Systems Limited, Rosmerta Auto Plates Private Limited, Rosmerta Registration Plates Private Limited and 5 more | Director | 12 Jun 2024 | 2 Years 4 Months | Current |
| Pankaj Madan Also directs: Rosmerta Safety Systems Limited, JSK Infraprojects Private Limited, Rosmerta Technologies Limited and 5 more | Whole-Time Director | 15 Apr 2024 | 2 Years 6 Months | Current |
| Brijesh Singh Also directs: Rosmerta Road Safety Private Limited, Rosmerta E-Mobility Private Limited, KKH Finvest Private Limited and 5 more | Director | 19 Apr 2025 | 1 Years 6 Months | Current |
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Dec 2024 | Others | ₹25 Cr | Open |
| 16 Apr 2018 | Tata Capital Financial Services Limited | ₹11.92 Cr | Satisfied |
| 28 Feb 2018 | Others | ₹6.5 Cr | Satisfied |
| 06 Jan 2014 | State Bank of India | ₹57.3 Cr | Satisfied |
| 03 Mar 2011 | State Bank of India Lead Bank Deccan Gymkhana Branch | ₹29 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding
Smart Card IT Solutions Limited has 27 deals on record (18 secondary share transfers, 9 funding rounds), with disclosed funding of ₹96.89 Cr; the latest was in June 2024.
Deals on record (5 of 27)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Funding round | ₹30 Cr | Investors: Rosmerta Technologies Limited , Rosmerta Technologies Limited & Pankaj Madan, Rosmerta Technologies Limited & Mukesh Malhotra |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Deven Jitendra Mehta Huf, 3 individuals Seller: Laxmi Diamond Private Limited , an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Oct 2012 | Funding round | ₹6.25 Cr | Investors: 4 individuals |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Smart Card IT Solutions Limited has 28 court cases on record: 9 filed by Smart Card IT Solutions, 19 filed against it. 10 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 11 | 4 |
| NCLAT | 7 | 0 | 5 |
| NCLT | 5 | 5 | 0 |
| High courts | 4 | 3 | 1 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against JHP Finvest Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed by the company against JHP Finvest Pvt. Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (CRR) | Filed against the company by Tata Capital Financial Services Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Yes Bank Ltd Th. Kundan Bhangale | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal miscellaneous application | Filed against the company by Yes Bank Limited | Disposed |
: available in 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
Smart Card IT Solutions Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 99 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 |
|---|---|---|---|
| Amrut Paper Products Private Limited | •••• | •••• | •••• |
| Printrade Issues (India) Private Limited | •••• | •••• | •••• |
| Dnyanraj Industries Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Smart Card IT Solutions.
: available in the company report
Recent Activity
Smart Card IT Solutions Limited has 25 board changes on record since 2011: 3 appointments and 22 cessations. The latest: Brijesh Singh ceased to be Additional Director on 26 Sep 2025.
28 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Smart Card IT Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECR7103A2ZU | Maharashtra | Active | 01 Apr 2022 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Smart Card IT Solutions is an active public limited company based in Shirur, Maharashtra, India. The company works in mobile value-added services (vas), within the telecom industry. It was incorporated on 22 March 2010 (16+ years old) and is registered under CIN U26104PN2010PLC135861.
Smart Card IT Solutions has 3 current directors:
- Pankaj Madan - Whole-Time Director
- Mukesh Malhotra - Director
- Brijesh Singh - Director
The latest financial statements of Smart Card IT Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 01 October 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Smart Card IT Solutions is 27AAECR7103A2ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Smart Card IT Solutions is U26104PN2010PLC135861. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smart Card IT Solutions has 28 court cases on record: 9 filed by the company and 19 filed against it. 10 are pending. Most are in the district courts.
Smart Card IT Solutions was incorporated on 22 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
Smart Card IT Solutions has 27 deals on record (18 secondary share transfers, 9 funding rounds), with disclosed funding of ₹96.89 Cr; the latest was in June 2024.
Brijesh Singh ceased to be Additional Director on 26 Sep 2025. Brijesh Singh was appointed as Director on 19 Apr 2025. Mukesh Malhotra ceased to be Additional Director on 30 Dec 2024. Smart Card IT Solutions has 25 board changes on record in total.
Smart Card IT Solutions has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 99 overdue payments to 6 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Smart Card IT Solutions can be reached through the website scit-solutions.com. Its registered office is in Shirur, Maharashtra, India.