MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0256207
SML Electricals India Private Limited - environment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹192.8 Cr
▲ 33% YoY
Net profit · FY 2024
₹20.74 Cr
Net margin 10.8%
EBITDA · FY 2024
₹33.43 Cr
EBITDA margin 17.3%
Authorised capital
₹45 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹6.41 Cr
Satisfied ₹18.17 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
87
Provident fund records
About SML Electricals India Private Limited
Data last updated:
SML Electricals India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 13 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40100KA2010PTC053626. Its GSTIN is 29AAOCS2187D1Z0 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Sml Electricals Private Limited. It is led by directors Karuna and Madivalappa Mastikatte Nagaraj.
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 # 355 Ground Floor 2nd E Main Road 11th Block Nagarbhavi 2nd Stage, Bangalore, Karnataka, India – 560072.
As per the financials filed for FY 2024, the company reported a revenue of ₹192.8 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹20.74 Cr (net margin 10.8%) and EBITDA of ₹33.43 Cr (EBITDA margin 17.3%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 27% over five years.
The company has about 87 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
The company is associated with 1 brand: SML Groups. As per MCA filings, the company has open charges of ₹6.41 Cr and satisfied charges of ₹18.17 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 3 cases are pending.
SML Electricals India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0256207). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smlgroups.com.
Company Details of SML Electricals India Private Limited
CIN U40100KA2010PTC053626
Registration Number 053626
Incorporation Date 13 May 2010
ROC Bangalore
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 Medium
Udyam Registration UDYAM-KR-03-0256207
Recognitions & Rankings of SML Electricals India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address# 355 Ground Floor 2nd E Main Road 11th Block Nagarbhavi 2nd Stage, Bangalore, Karnataka, India – 560072
- IndustryEnvironment, Wind Energy Solutions
Comprehensive company report
SML Electricals India Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
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- Legal cases, compliance and MCA filings
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Associated Brands with SML Electricals India Private Limited
SML Electricals India operates one associated brand: SML Groups. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electrical contracting services for wind farms, transmission lines, and industrial electrification projects. | smlgroups.com |
Business Activity of SML Electricals India Private Limited
The main business activity of SML Electricals India is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of SML Electricals India Private Limited FY 2025 filings available
SML Electricals India Private Limited reported revenue of ₹192.8 Cr (up 33% YoY) for FY 2024.
Revenue · FY 2024
₹192.8 Cr ▲ 33%
Net profit · FY 2024
₹20.74 Cr margin 10.8%
EBITDA · FY 2024
₹33.43 Cr margin 17.3%
Compounded Annual Growth Rate (CAGR) of SML Electricals India Private Limited
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 47%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▲ 53%
5 years · compounded
▲ 13%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 33% growth in the latest year. EBITDA rose 53% 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 SML Electricals India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹33.43 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.74 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 SML Electricals India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.8% | •••• | •••• | •••• | •••• |
| 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 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 SML Electricals India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of SML Electricals India Private Limited
SML Electricals India has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karuna Also directs: Hiriyur SML Enterprises LLP, SML Power Private Limited, Vijayanagar Renewable India Private Limited and 5 more | Director | 13 May 2010 | 16 Years 5 Months | Current |
| Madivalappa Mastikatte Nagaraj Also directs: Hiriyur SML Enterprises LLP, SML Power Private Limited, Vijayanagar Renewable India Private Limited and 5 more | Director | 13 May 2010 | 16 Years 5 Months | Current |
Peer Comparison of SML Electricals India Private Limited
SML Electricals India Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Wind Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rajaram Solvex Limited | ₹199.34 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Sangili, Maharashtra, India |
| Pallava Spinning Mills Private Limited | ₹197.82 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Coimbatore, Tamil Nadu, India |
| Adani Renewable Energy Forty One Limited | ₹194.88 Cr (FY 2025) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Sowmiya Spinners Private Limited | ₹194.74 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Annur, Tamil Nadu, India |
| Vindhya Spinning Mills Private Limited | ₹194.32 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Road, Sivakasi-626 123, Tamil Nadu, India |
| SML Electricals India Private Limited this company | ₹192.8 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Bangalore, Karnataka, India |
| Shrerajlaxmi Denim Limited | ₹191.85 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bhilwara, Rajasthan, India |
| Nila Sea Foods Private Limited | ₹190.44 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Tamil Nadu, India |
| Ayana Renewable Power Six Private Limited | ₹187.7 Cr (FY 2025) | •••• | •••• | 402.0% | •••• | Bangalore, Karnataka, India |
| Om Vinyls Private Limited | ₹187.58 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Masjid Bunder, Maharashtra, India |
| Beta Wind Farm Private Limited | ₹186.43 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below SML Electricals India by revenue in the Cleantech industry (Wind Power), 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 SML Electricals India Private Limited
SML Electricals India Private Limited is audited by Ravindranath & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ravindranath & Co | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
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Verified entity values are shown only after access is granted.
Ownership and Shareholding of SML Electricals India Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of SML Electricals India Private Limited
Open charges
₹6.41 Cr
Satisfied charges
₹18.17 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Mar 2025 | Others | ₹6 Cr | Open |
| 22 Jun 2023 | Karnataka Bank Ltd. | ₹1 Lakh | Open |
| 13 Feb 2023 | Karnataka Bank Ltd. | ₹40 Lakh | Open |
| 16 Aug 2023 | Others | ₹2 Cr | Satisfied |
| 16 Aug 2023 | Others | ₹4 Cr | Satisfied |
Total charge records: 10 View all charges
Legal Cases of SML Electricals India Private Limited
SML Electricals India Private Limited has 4 court cases on record: 4 filed by SML Electricals India. 3 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Total cases
4
Filed by the company
4
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
| District courts | 2 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Deputy Commissioner of Income Tax | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Harsha Abaskus Solar Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Harsha Abaskus Solar Pvt Ltd | Disposed |
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Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at SML Electricals India Private Limited
SML Electricals India Private Limited has a workforce of 87 employees as of Apr 02, 2024.
Employee count
87
Active EPFO establishments
1
Employee growth
24.29%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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- Establishment history
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Group Structure of SML Electricals India Private Limited
SML Electricals India has 6 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
6
Subsidiary companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Sml Power Private Limited | U31101KA2011PTC058257 | Locked |
| Indan Energy Private Limited | U40108TN2002PTC049386 | Locked |
| Nvr Wind Private Limited | U40300WB2013PTC198976 | Locked |
| Bengaluru Renewable Energy India Private Limited | U74999KA2018PTC111312 | Locked |
| Raichur Renewable Energy India Private Limited | U74999KA2018PTC113612 | Locked |
| Bijapur Renewable Energy India Private Limited | U74999KA2018PTC113770 | Locked |
Showing major subsidiaries. Total: 6.
Recent Activity on SML Electricals India Private Limited
SML Electricals India Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Karuna was appointed as Director on 13 May 2010.
AGM
Sml Electricals India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 16 Aug 2023 via Charge ID 100775451 with Others was fully satisfied on 26 Jul 2025.
Filing
Sml Electricals India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 11 Feb 2015 via Charge ID 10557270 with Allahabad Bank was fully satisfied on 26 Mar 2025.
Charges
A charge registered on 03 Feb 2014 via Charge ID 10483597 with Allahabad Bank was fully satisfied on 26 Mar 2025.
Charges
A charge with Others amounted to Rs. 600.00 Lakh with Charge ID 101107708 was registered on 11 Mar 2025.
Charges
A charge registered on 16 Aug 2023 via Charge ID 100775453 with Others was fully satisfied on 26 Jun 2024.
Charges
A charge registered on 27 Oct 2017 via Charge ID 100135188 with Others was fully satisfied on 26 Jun 2024.
Charges
A charge registered on 14 Mar 2016 via Charge ID 100023238 with Others was fully satisfied on 03 Jun 2024.
Charges
A charge with Others amounted to Rs. 400.00 Lakh with Charge ID 100775453 was registered on 16 Aug 2023.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100775451 was registered on 16 Aug 2023.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 1.00 Lakh with Charge ID 100745654 was registered on 22 Jun 2023.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for SML Electricals India Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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MSME Payment Delays by SML Electricals India Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of SML Electricals India Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of SML Electricals India Private Limited
SML Electricals India has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCS2187D1Z0 | Karnataka | Active | 01 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 SML Electricals India Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about SML Electricals India Private Limited
SML Electricals India is an active private limited company based in Bangalore, Karnataka, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 13 May 2010 (16+ years old) and is registered under CIN U40100KA2010PTC053626.
SML Electricals India reported revenue of ₹192.8 Cr for FY 2024 (up 33% YoY).
SML Electricals India has 2 current directors:
- Karuna - Director
- Madivalappa Mastikatte Nagaraj - Director
SML Electricals India reported a net profit of ₹20.74 Cr (net margin 10.8%) and EBITDA of ₹33.43 Cr (EBITDA margin 17.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of SML Electricals India is 47% over three years and 27% over five years. In the latest year (FY 2024) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of SML Electricals India is 29AAOCS2187D1Z0, registered in Karnataka. 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 SML Electricals India is U40100KA2010PTC053626. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SML Electricals India has 4 court cases on record: 4 filed by the company. 3 are pending. Most are in the high courts.
SML Electricals India was incorporated on 13 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of SML Electricals India by revenue are Rajaram Solvex Limited, Pallava Spinning Mills Private Limited, Adani Renewable Energy Forty One Limited, Sowmiya Spinners Private Limited, Vindhya Spinning Mills Private Limited and 5 more, all in the Cleantech industry (Wind Power).
Karuna was appointed as Director on 13 May 2010. Madivalappa Mastikatte Nagaraj was appointed as Director on 13 May 2010.