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About Waaree Smart Meters Private Limited
Data last updated: 09 February 2026
Waaree Smart Meters Private Limited is a private limited company based in Nashik, Maharashtra, India, recognised as a startup by DPIIT. It specialises in power equipment manufacturers, a part of the broader energy and power sector. Incorporated on 21 May 2018, the company has been in operation for over 8 years.
Registered with ROC Mumbai under CIN U31100MH2018PTC309664.
Capital: an authorised share capital of ₹70 Cr and a paid-up capital of ₹70 Cr. Formerly known as Racemosa Energy (India) Private Limited. It is led by directors including Vijay Laljibhai Chheda and Dhruv Haresh Chheda.
Last AGM: 29 November 2025. Financial statements filed for year ended 31 March 2025. Office: Plot No. A – 108 Akrale Midc Dindori, Nashik, Maharashtra, India – 422202.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.78 Cr, a growth of 2% compared to the previous year.
The company has a workforce of approximately 24 employees as per the latest available data.
The company is associated with 1 brand - Racemosa India. As per MCA filings, the company has open charges of ₹16.76 Cr on record.
For more details, the company can be reached via its website racemosaindia.com.
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Registered AddressPlot No. A – 108 Akrale Midc Dindori, Nashik, Maharashtra, India – 422202
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IndustryEnergy and Power, Power Equipment Manufacturers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Waaree Smart Meters Private Limited
Waaree Smart Meters Private Limited operates one associated brand: Racemosa India. These brands represent Waaree Smart Meters Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies technically advanced energy meters with quality service. | racemosaindia.com |
Competitors & Alternatives of Waaree Smart Meters Private Limited
Brands and companies operating in the same space as Waaree Smart Meters Private Limited include Sense, Itron, Iskraemeco and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Sense
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AI-driven energy monitoring via sensors and mobile apps is provided. | Cambridge, United States, United States | 2013 |
Itron
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Cloud-based end-to-end solutions for smart grids are provided. | Liberty Lake, United States, United States | 1977 |
Iskraemeco
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AMI products for energy metering are manufactured globally. | Kranj, Slovenia, Slovenia | 1945 |
Kimbal
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Provider of advanced metering infrastructure, smart grid automation, and energy management solutions | Delhi, India, India | 2011 |
IntelliSmart
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Smart metering infrastructure and AI-based analysis are provided by IntelliSmart. | Delhi, India, India | 2019 |
Aclara Technologies
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Smart infrastructure solutions are provided to global utilities. | Hazelwood, United States, United States | 1972 |
Enedis
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Smart metering solutions are provided for smart grid electricity monitoring. | Paris, France, France | 2008 |
Londian Electrics
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Electric metering devices and AMI solutions are supplied for utilities. | Shenzhen, China, China | 1996 |
Business Activity of Waaree Smart Meters Private Limited
Waaree Smart Meters Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details for Waaree Smart Meters Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Waaree Smart Meters Private Limited
Waaree Smart Meters Private Limited is audited by C B CHHAJED & CO for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C B CHHAJED & CO | Locked | Locked | Locked |
Complete auditor history for Waaree Smart Meters Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Waaree Smart Meters Private Limited
Waaree Smart Meters Private Limited is currently managed by 4 directors, with 7 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Laljibhai Chheda | Additional Director | 02 Aug 2023 | 3 Years 0 Months | Current |
| Dhruv Haresh Chheda | Additional Director | 05 Feb 2024 | 2 Years 6 Months | Current |
| Purav Haresh Chheda | Additional Director | 02 Aug 2023 | 3 Years 0 Months | Current |
| Abhishek Pareek | Additional Director | 06 Nov 2025 | 0 Years 9 Months | Current |
Financials of Waaree Smart Meters Private Limited FY 2025 filings available
Waaree Smart Meters Private Limited reported revenue of ₹2.78 Cr (up 2.00% YoY) for FY 2024.
Ten-year financial statements for Waaree Smart Meters Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Waaree Smart Meters Private Limited
Shareholding and ownership data for Waaree Smart Meters Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings of Waaree Smart Meters Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2022 | Others | ₹16.76 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Waaree Smart Meters Private Limited
Waaree Smart Meters Private Limited has a workforce of 24 employees as of Apr 06, 2024.
Employee and EPFO history for Waaree Smart Meters Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Waaree Smart Meters Private Limited
GST registrations and filing compliance for Waaree Smart Meters Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Waaree Smart Meters Private Limited
Credit ratings, litigation, and regulatory alerts for Waaree Smart Meters Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Waaree Smart Meters Private Limited
MSME payment history for Waaree Smart Meters Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Waaree Smart Meters Private Limited
Corporate group structure for Waaree Smart Meters Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Waaree Smart Meters Private Limited
MCA filings and documents for Waaree Smart Meters Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Waaree Smart Meters Private Limited
Frequently Asked Questions about Waaree Smart Meters Private Limited
Waaree Smart Meters Private Limited is an active private limited company in the energy and power sector based in Nashik, Maharashtra, India. It was incorporated on 21 May 2018 (8+ years old) and is registered under CIN U31100MH2018PTC309664. The company has 24 employees.
Waaree Smart Meters Private Limited reported revenue of ₹2.78 Cr for FY 2024 (up 2.00% YoY).
The current directors of Waaree Smart Meters Private Limited are:
- Vijay Laljibhai Chheda - Additional Director
- Dhruv Haresh Chheda - Additional Director
- Purav Haresh Chheda - Additional Director
- Abhishek Pareek - Additional Director
The primary industry of Waaree Smart Meters Private Limited is energy and power. The company specifically operates in power equipment manufacturers. The company is currently active in this sector.
Yes, Waaree Smart Meters Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Waaree Smart Meters Private Limited can be reached at the registered office: Plot No. A – 108 Akrale Midc Dindori, Nashik, Maharashtra, India – 422202, or through the website racemosaindia.com.