- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0076412

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.
Recognitions & Rankings of Smart I Electronics Systems
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBhumi World Industrial Park D – 7/250 To 252 Pimplas Mumbai Nashik Highway Bhiwandi, Thane, Maharashtra, India – 421302
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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 with Smart I Electronics Systems Private Limited
Smart I Electronics Systems operates one associated brand: Smart I. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| 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 Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | 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
Verified entity values are shown only after access is granted.
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.
Compounded Annual Growth Rate (CAGR) of Smart I Electronics Systems Private Limited
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.4% | •••• | •••• | •••• | •••• |
| 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.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganpat Pandurang Shinde | Managing Director | 15 Jun 2006 | 20 Years 4 Months | Current |
| Prabha Ganpat Shinde Also directs: Enviro Data Systems Private Limited, Meclix Mechatronix Private Limited, Smart I Surveillance Systems Private Limited and 1 more | Director | 23 May 2012 | 14 Years 4 Months | Current |
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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 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.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Agarwal & Mangal | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Smart I Electronics Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Smart I Electronics Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Aug 2025 | Others | ₹1.64 Cr | Open |
| 27 Mar 2023 | Others | ₹1.27 Cr | Open |
| 13 Jul 2022 | Others | ₹40 Lakh | Open |
| 24 Jan 2022 | Others | ₹1.25 Cr | Open |
| 27 May 2020 | Others | ₹37.5 Lakh | Open |
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.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Rights issue | ₹30 Lakh | Investors: 4 individuals |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Funding round | ₹44.1 Lakh | Investors: 4 individuals |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Smart I Electronics Systems Private Limited
Smart I Electronics Systems Private Limited has 6 court cases on record: 5 filed by Smart I Electronics Systems, 1 filed against it. 3 cases are pending and 3 are disposed. Status as checked between 29 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 2 |
| District courts | 3 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Secure Source Technologies Private Limited | Pending |
| Bombay High Court | Court case (LPETN) | Filed by the company against Unity Automation Solutions Limited | Pending |
| Bombay High Court | Court case (LPETN) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Income Tax Department | Disposed |
| Bombay High Court | Court case (SS) | Filed by the company against an individual | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 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)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Precision Technologies | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Amar Radio Corporation | •••• | •••• | •••• |
| Aic Inter Connect LLP | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
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 and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
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.
24 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Smart I Electronics Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Smart I Electronics Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Smart I Electronics Systems Private Limited
Smart I Electronics Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCS0610H1ZK | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Smart I Electronics Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
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:
- Ganpat Pandurang Shinde - Managing Director
- Prabha Ganpat Shinde - Director
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.