MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0076412
Smart I Electronics Systems Private Limited - information technology in Thane, Maharashtra, India. FY 2026 financials & compliance.
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 4 peer companies in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment) are compared by revenue, 1 larger and 3 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
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
Contact details
Smart I Electronics Systems Private Limited's registered office is in Thane, Maharashtra. Its website is smartisystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Smart I Electronics Systems Private Limited, buy the company report.
Comprehensive company report
Smart I Electronics Systems 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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Brands
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
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Smart I Electronics Systems Private Limited, buy the company report.
Financials of Smart I Electronics Systems Private Limited
FY 2025 filings availableSmart 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)
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Smart I Electronics Systems Private Limited, buy the company report.
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
| 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 5 Months | Current |
Peer comparison
Smart I Electronics Systems Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment), from the latest filed financials of each company.
| 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 | |||
| Smart I Electronics Systems Private Limitedthis company | ₹20.66 Cr (FY 2025) | ₹70.22 Lakh | 3.4% | -23.0% | 111 | Thane, Maharashtra, India |
| Bhavyabhanu Electronics Private Limited | ₹20.54 Cr (FY 2025) | -58.0% | Telangana, 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 |
To see the full peer comparison of Smart I Electronics Systems Private Limited, buy the company report.
Auditor
Smart I Electronics Systems Private Limited is audited by Agarwal & Mangal for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Agarwal & Mangal | FY 2023 | 100061W |
Shareholding
The shareholding of Smart I Electronics Systems Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Smart I Electronics Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.62 Cr
Satisfied charges
₹8.93 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2025 | 101188141 | Others | ₹1.64 Cr | Open | |
| 27 Mar 2023 | 100694432 | Others | ₹1.27 Cr | Open | |
| 13 Jul 2022 | 100598700 | Others | ₹40 Lakh | Open | |
| 24 Jan 2022 | 100530307 | Others | ₹1.25 Cr | Open | |
| 27 May 2020 | 100338462 | Others | ₹37.5 Lakh | Open |
To see the full charge records of Smart I Electronics Systems Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
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)
| 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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
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.
Total cases
6
Filed by the company
5
Filed against the company
1
Pending
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 1 |
| High courts | 3 | 0 | 2 |
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 Pvt. Ltd. and 2 others | Pending |
| Bombay High Court | Court case (LPETN) | Filed by the company against Unity Automation Solutions Ltd. | 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 |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Smart I Electronics Systems 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
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 |
To see the full MSME payment records of Smart I Electronics Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Smart I Electronics Systems Private Limited has a workforce of 111 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
111
Active EPFO establishments
1
Employee growth
8.82%
GST
Smart I Electronics Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCS0610H1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Smart I Electronics Systems Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 2 current directors:
- Ganpat Pandurang Shinde - Managing Director
- Prabha Ganpat Shinde - Director
The latest financial statements of Smart I Electronics Systems 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 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 district 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, Bhavyabhanu Electronics Private Limited, Nutek Technologies Private Limited, Digicon Electronics Private Limited, all in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment).
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.
Yes, Smart I Electronics Systems is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0076412).
Smart I Electronics Systems has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 99 overdue payments to 17 micro and small suppliers. The latest return was filed on 29 Apr 2024.
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