Smart I Electronics Systems Private Limited

Smart I Electronics Systems Private Limited - information technology in Thane, Maharashtra, India. FY 2026 financials & compliance.
CIN U51505MH2006PTC162642 Incorporated 15 June 2006 ROC Mumbai HQ Thane, Maharashtra, India
Active Private Limited Company information technology MSME · Small
Data last updated
Revenue · FY 2025
₹20.66 Cr
▼ 23% YoY
Net profit · FY 2025
₹70.22 Lakh
Net margin 3.4%
EBITDA · FY 2025
₹3.3 Cr
EBITDA margin 16%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹75 Lakh
Issued & subscribed
Open charges
₹11.62 Cr
Satisfied ₹8.93 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
111
Provident fund records

About Smart I Electronics Systems Private Limited

Data last updated:

Smart I Electronics Systems Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 15 June 2006 and has been in existence for over 20 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51505MH2006PTC162642. Its GSTIN is 27AAKCS0610H1ZK (Maharashtra). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹75 Lakh. It is led by directors Ganpat Pandurang Shinde (Managing Director) and Prabha Ganpat Shinde.

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 Bhumi World Industrial Park D – 7/250 To 252 Pimplas Mumbai Nashik Highway Bhiwandi, Thane, Maharashtra, India – 421302.

As per the financials filed for FY 2025, the company reported a revenue of ₹20.66 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹70.22 Lakh (net margin 3.4%) and EBITDA of ₹3.3 Cr (EBITDA margin 16%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 4% over five years.

The company has about 111 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Smart I. As per MCA filings, the company has open charges of ₹11.62 Cr and satisfied charges of ₹8.93 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it; 3 cases are pending. The company has 3 deals on record (1 funding round, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹44.1 Lakh; the latest was in March 2017. Its 10 peer companies in the Information Technology industry (Electronic Equipment and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Sritech Electronics and Systems Private Limited with revenue of ₹20.97 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 99 overdue payments to 17 micro and small suppliers.

Smart I Electronics Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0076412). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smartisystems.com.

Company Details of Smart I Electronics Systems Private Limited
CIN U51505MH2006PTC162642
Registration Number 162642
Incorporation Date 15 June 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0076412

Recognitions & Rankings of Smart I Electronics Systems

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-33-0076412
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    Bhumi World Industrial Park D – 7/250 To 252 Pimplas Mumbai Nashik Highway Bhiwandi, Thane, Maharashtra, India – 421302
  • Industry
    Information Technology, Electronic Components & Equipment Manufacturing
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Financials, compliance, directors, charges, ownership and filings for Smart I Electronics Systems Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Smart I Electronics Systems Private Limited

Smart I Electronics Systems operates one associated brand: Smart I. Each brand links to its own profile.

BrandDescriptionWebsite
Develops biometric devices and access control for buildings and data centers.smartisystems.com

Business Activity of Smart I Electronics Systems Private Limited

The main business activity of Smart I Electronics Systems is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC9Computer, electronic, Communication and scientific measuring & control equipmentLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Financials of Smart I Electronics Systems Private Limited FY 2025 filings available

Smart I Electronics Systems Private Limited reported revenue of ₹20.66 Cr (down 23% YoY) for FY 2025.

Revenue · FY 2025
₹20.66 Cr ▼ 23%
Net profit · FY 2025
₹70.22 Lakh margin 3.4%
EBITDA · FY 2025
₹3.3 Cr margin 16%

Compounded Annual Growth Rate (CAGR) of Smart I Electronics Systems Private Limited

Revenue CAGR growth
1 year
▼ 23%
3 years · compounded
▼ 1%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 6%
5 years · compounded
▲ 5%

Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA rose 23% 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 of Smart I Electronics Systems Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue••••••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹3.3 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹70.22 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 of Smart I Electronics Systems Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin16%••••••••••••••••
Net Profit Margin3.4%••••••••••••••••
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 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 I Electronics Systems are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Board of Directors of Smart I Electronics Systems Private Limited

Smart I Electronics Systems has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors

Peer Comparison of Smart I Electronics Systems Private Limited

Smart I Electronics Systems Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Sritech Electronics and Systems Private Limited₹20.97 Cr (FY 2024)••••••••-12.0%••••Secunderabad, Telangana, India
Frigate Engineering Services Private Limited₹20.95 Cr (FY 2025)••••••••145.0%••••Tiruchirappalli, Tamil Nadu, India
Argus Embedded Systems Private Limited₹20.94 Cr (FY 2025)••••••••9.0%••••Hyderabad, Telangana, India
Integrated Systems Technologies Private Limited₹20.79 Cr (FY 2024)••••••••86.0%••••Bangalore, Karnataka, India
Zigma International Networking Private Limited₹20.75 Cr (FY 2016)••••••••10.0%••••Thiruvananthapuram, Kerala, India
Smart I Electronics Systems Private Limited this company₹20.66 Cr (FY 2025)••••••••-23.0%••••Thane, Maharashtra, India
Bhavyabhanu Electronics Private Limited₹20.54 Cr (FY 2025)••••••••-58.0%••••Telangana, India
Xtragen Technologies Private Limited₹20.49 Cr (FY 2024)••••••••88.0%••••Bangalore, Karnataka, India
Chiptest Engineering Private Limited₹20.47 Cr (FY 2025)••••••••9.0%••••Chennai, Tamil Nadu, India
Nutek Technologies Private Limited₹20.43 Cr (FY 2025)••••••••91.0%••••Hyderabad, Telangana, India
Digicon Electronics Private Limited₹20.4 Cr (FY 2025)••••••••10.0%••••Pune, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Smart I Electronics Systems by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Smart I Electronics Systems Private Limited

Smart I Electronics Systems Private Limited is audited by Agarwal & Mangal for the financial year 2023.

NameStatusAppointment DateCessation Date
Agarwal & MangalLockedLockedLocked
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Complete auditor history

Appointment and cessation dates and past auditor changes are in the company report.

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Ownership and Shareholding of Smart I Electronics Systems Private Limited

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Shareholding and ownership data

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Charges & Borrowings of Smart I Electronics Systems Private Limited

Open charges
₹11.62 Cr
Satisfied charges
₹8.93 Cr
Breakdown by lending institutions
Others₹11.62 Cr
Latest charge details
DateLenderAmountStatus
30 Aug 2025Others₹1.64 CrOpen
27 Mar 2023Others₹1.27 CrOpen
13 Jul 2022Others₹40 LakhOpen
24 Jan 2022Others₹1.25 CrOpen
27 May 2020Others₹37.5 LakhOpen

Total charge records: 16 View all charges

Deals & Funding of Smart I Electronics Systems Private Limited

Smart I Electronics Systems Private Limited has 3 deals on record (1 funding round, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹44.1 Lakh; the latest was in March 2017.

Total deals
3
Funding round
1
Rights issue
1
Secondary share transfer
1
Disclosed funding
₹44.1 Lakh

Deals on record (3 of 3)

WhenDealAmountParties
Mar 2017Rights issue₹30 LakhInvestors: 4 individuals
Jan 2013Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2011Funding round₹44.1 LakhInvestors: 4 individuals
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Full deal history

All 3 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Smart I Electronics Systems Private Limited

Smart I Electronics Systems Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 99 overdue payments to 17 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 17)

SupplierAmount dueDue sinceReported on
Precision Technologies••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
Amar Radio Corporation••••••••••••
Aic Inter Connect LLP••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.

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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 at Smart I Electronics Systems Private Limited

Smart I Electronics Systems Private Limited has a workforce of 111 employees as of Apr 06, 2024.

Employee count
111
Active EPFO establishments
1
Employee growth
8.82%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Smart I Electronics Systems Private Limited

Smart I Electronics Systems Private Limited has 6 board changes on record since 2006: 2 appointments and 4 cessations. The latest: Pankaj Shriniwas Zanwar ceased to be Director on 31 Mar 2022.

AGM
Smart I Electronics Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.64 Cr with Charge ID 101188141 was registered on 30 Aug 2025.
Filing
Smart I Electronics Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others of Rs. 3.18 Cr registered on 26 Mar 2019 with Charge ID 100255062 was modified on 27 Dec 2024.
Charges
A charge with Others of Rs. 2.50 Cr registered on 28 Mar 2019 with Charge ID 100255071 was modified on 10 May 2023.
Charges
A charge with Others amounted to Rs. 1.27 Cr with Charge ID 100694432 was registered on 27 Mar 2023.
Charges
A charge with Others amounted to Rs. 0.40 Cr with Charge ID 100598700 was registered on 13 Jul 2022.
Ceased
Pankaj Shriniwas Zanwar ceased to be Director.
Charges
A charge with Others amounted to Rs. 1.25 Cr with Charge ID 100530307 was registered on 24 Jan 2022.
Charges
A charge with Others amounted to Rs. 0.38 Cr with Charge ID 100338462 was registered on 27 May 2020.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100293296 was registered on 18 Sep 2019.
Charges
A charge registered on 08 Jan 2018 via Charge ID 100151734 with Model Co-Op. Bank Limited was fully satisfied on 10 May 2019.

24 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Smart I Electronics Systems Private Limited

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Credit ratings, litigation, and regulatory alerts

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Subsidiaries & Group Companies of Smart I Electronics Systems Private Limited

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Corporate group structure

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GST Compliance of Smart I Electronics Systems Private Limited

Smart I Electronics Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAKCS0610H1ZKMaharashtraActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Smart I Electronics Systems Private Limited

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MCA filings and documents

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Frequently Asked Questions about Smart I Electronics Systems Private Limited

Smart I Electronics Systems is an active private limited company based in Thane, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 15 June 2006 (20+ years old) and is registered under CIN U51505MH2006PTC162642.

Smart I Electronics Systems reported revenue of ₹20.66 Cr for FY 2025 (down 23% YoY).

Smart I Electronics Systems has 2 current directors:

Smart I Electronics Systems reported a net profit of ₹70.22 Lakh (net margin 3.4%) and EBITDA of ₹3.3 Cr (EBITDA margin 16%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Smart I Electronics Systems is -1% over three years and 4% over five years. In the latest year (FY 2025) revenue fell 23%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Smart I Electronics Systems is 27AAKCS0610H1ZK, 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 I Electronics Systems is U51505MH2006PTC162642. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Smart I Electronics Systems has 6 court cases on record: 5 filed by the company and 1 filed against it. 3 are pending. Most are in the high courts.

Smart I Electronics Systems was incorporated on 15 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.

Smart I Electronics Systems has 3 deals on record (1 funding round, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹44.1 Lakh; the latest was in March 2017.

The peers of Smart I Electronics Systems by revenue are Sritech Electronics and Systems Private Limited, Frigate Engineering Services Private Limited, Argus Embedded Systems Private Limited, Integrated Systems Technologies Private Limited, Zigma International Networking Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).

Pankaj Shriniwas Zanwar ceased to be Director on 31 Mar 2022. Nikesh Vasantlal Shah ceased to be Director on 28 Sep 2012. Prabha Ganpat Shinde ceased to be Additional Director on 28 Sep 2012. Smart I Electronics Systems has 6 board changes on record in total.

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