About Smartmeters Technologies Private Limited
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Smartmeters Technologies Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the industrial testing and measurement equipment segment of the machinery and industrial equipment sector. It was incorporated on 07 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2019PTC110202. Its GSTIN is 24ABCCS7330P1Z0 (Gujarat).
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹25.6 Cr. It is led by directors including Shaishav Rakeshkumar Shah (Managing Director) and Rakesh Ramanlal Shah.
Its last annual general meeting (AGM) was held on 23 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 484/1 2nd Floor Gujarat Chamber Of Com Ranchhodlal Marg Navarangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2026, the company reported a revenue of ₹16.53 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹8.85 Cr (net margin -53.5%) and EBITDA of -₹1.52 Cr (EBITDA margin -9.2%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 28% over five years.
The company has about 50 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Smartmeters Technologies. As per MCA filings, the company has open charges of ₹156.84 Cr and satisfied charges of ₹160 Cr on record. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.99 Cr; the latest was in October 2021. Its 10 peer companies in the Machinery and Equipment industry (Testing Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Sushma Industries Private Limited with revenue of ₹22.01 Cr.
For more details, the company can be reached via its website smartmeters.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address484/1 2nd Floor Gujarat Chamber Of Com Ranchhodlal Marg Navarangpura, Ahmedabad, Gujarat, India – 380009
- IndustryMachinery and Equipment, Industrial Testing & Measurement Equipment
- 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
Business Activity of Smartmeters Technologies Private Limited
The main business activity of Smartmeters Technologies 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 Smartmeters Technologies Private Limited FY 2025 filings available
Smartmeters Technologies Private Limited reported revenue of ₹16.53 Cr (down 21% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR) of Smartmeters Technologies Private Limited
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 28%. 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 Smartmeters Technologies Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| 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 | -₹1.52 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹8.85 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 of Smartmeters Technologies Private Limited
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -53.5% | •••• | •••• | •••• | •••• |
| 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 Smartmeters Technologies are in the company report.
Financial statements from FY 2020
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.
Peer Comparison of Smartmeters Technologies Private Limited
Smartmeters Technologies Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Testing Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sushma Industries Private Limited | ₹22.01 Cr (FY 2024) | •••• | •••• | 49.0% | •••• | Bangalore, Karnataka, India |
| Tulsi Weigh Solutions Private Limited | ₹21.69 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Kolkata, West Bengal, India |
| Metravi Instruments Private Limited | ₹21.61 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Kolkata, West Bengal, India |
| Sun Labtek Equipments India Private Limited | ₹21.28 Cr (FY 2024) | •••• | •••• | 120.0% | •••• | New Delhi, Delhi, India |
| Agile Microsys Private Limited | ₹21.2 Cr (FY 2024) | •••• | •••• | 76.0% | •••• | Gurgaon, Haryana, India |
| Flowtech Measuring Instruments Private Limited | ₹20.99 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Vadodara, Gujarat, India |
| Contech Instruments Limited | ₹20.85 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Mumbai, Maharashtra, India |
| Dhvani Research and Development Solutions Private Limited | ₹20.7 Cr (FY 2024) | •••• | •••• | 51.0% | •••• | Chennai, Tamil Nadu, India |
| Venture Instrumentation Technologies Private Limited | ₹20.63 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Saroj Engineering Udyog Private Limited | ₹20.26 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Jaysingpur, Maharashtra, India |
| Smartmeters Technologies Private Limited this company | ₹16.53 Cr (FY 2026) | •••• | •••• | -21.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Smartmeters Technologies by revenue in the Machinery and Equipment industry (Testing Equipment), 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 Smartmeters Technologies Private Limited
Smartmeters Technologies Private Limited is audited by M B D & CO LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M B D & CO LLP | 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.
Board of Directors of Smartmeters Technologies Private Limited
Smartmeters Technologies has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Ramanlal Shah Also directs: Novagreens Realities LLP, Imp Powers Limited, Electrify Energy Private Limited and 5 more | Director | 07 Oct 2019 | 7 Years 0 Months | Current |
| Shaishav Rakeshkumar Shah Also directs: Vishwa Imports LLP, Raisin Hospitality LLP, Securemax Consultancy Services LLP and 5 more | Managing Director | 07 Oct 2019 | 7 Years 0 Months | Current |
| Suresh Prakash Manglani Also directs: Adani Total Gas Limited, Adani Totalenergies Biomass Limited, Indianoil - Adani Gas Private Limited and 2 more | Director | 20 Aug 2021 | 5 Years 1 Months | Current |
Ownership and Shareholding of Smartmeters Technologies 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 Smartmeters Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 May 2024 | State Bank of India | ₹78.42 Cr | Open |
| 27 Mar 2024 | State Bank of India | ₹78.42 Cr | Open |
| 10 Dec 2021 | Others | ₹80 Cr | Satisfied |
| 09 Dec 2021 | Others | ₹80 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Smartmeters Technologies Private Limited
Smartmeters Technologies Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.99 Cr; the latest was in October 2021.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Rights issue | ₹23.6 Cr | Investors: Gsec Limited , Adani Total Gas Limited |
| Oct 2021 | Funding round | ₹1.99 Cr | Investors: Adani Total Gas Limited , Gsec Limited |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: Gsec Limited Seller: an individual |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: Gsec Limited Seller: an individual |
Full deal history
All 4 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.
Associated Brands with Smartmeters Technologies Private Limited
Smartmeters Technologies operates one associated brand: Smartmeters Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of smart metering devices | smartmeters.co.in |
Employees and EPFO Compliance at Smartmeters Technologies Private Limited
Smartmeters Technologies Private Limited has a workforce of 50 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.
Group Structure of Smartmeters Technologies Private Limited
Smartmeters Technologies has 2 joint ventures. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
Recent Activity on Smartmeters Technologies Private Limited
Smartmeters Technologies Private Limited has 7 board changes on record since 2019: 5 appointments and 2 cessations. The latest: Parag Arvind Parikh ceased to be Director on 30 Sep 2025.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Smartmeters Technologies 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.
MSME Payment Delays by Smartmeters Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Smartmeters Technologies 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 Smartmeters Technologies Private Limited
Smartmeters Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABCCS7330P1Z0 | Gujarat | Active | 12 Nov 2019 |
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 Smartmeters Technologies 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 Smartmeters Technologies Private Limited
Smartmeters Technologies is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial testing and measurement equipment, within the machinery and equipment industry. It was incorporated on 07 October 2019 (7+ years old) and is registered under CIN U31909GJ2019PTC110202.
Smartmeters Technologies reported revenue of ₹16.53 Cr for FY 2026 (down 21% YoY).
Smartmeters Technologies has 3 current directors:
- Shaishav Rakeshkumar Shah - Managing Director
- Rakesh Ramanlal Shah - Director
- Suresh Prakash Manglani - Director
Smartmeters Technologies reported a net loss of ₹8.85 Cr (net margin -53.5%) and EBITDA of -₹1.52 Cr (EBITDA margin -9.2%) for FY 2026, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Smartmeters Technologies is 28% over three years and 28% over five years. In the latest year (FY 2026) revenue fell 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Smartmeters Technologies is 24ABCCS7330P1Z0, registered in Gujarat.
The CIN (Corporate Identification Number) of Smartmeters Technologies is U31909GJ2019PTC110202. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smartmeters Technologies was incorporated on 07 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Smartmeters Technologies has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.99 Cr; the latest was in October 2021.
The peers of Smartmeters Technologies by revenue are Sushma Industries Private Limited, Tulsi Weigh Solutions Private Limited, Metravi Instruments Private Limited, Sun Labtek Equipments India Private Limited, Agile Microsys Private Limited and 5 more, all in the Machinery and Equipment industry (Testing Equipment).
Parag Arvind Parikh ceased to be Director on 30 Sep 2025. Parag Arvind Parikh was appointed as Director on 20 Aug 2021. Suresh Prakash Manglani was appointed as Director on 20 Aug 2021. Smartmeters Technologies has 7 board changes on record in total.