Polaris Smart Metering Private Limited

Energy technology company providing smart metering and microgrid solutions.

2011 | Jaipur, Rajasthan (India) | Active
Last Updated: January 03, 2025

Polaris Smart Metering Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 8.21 Cr
  • Company Age 14 Year, 30 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 31.83 Cr
  • Revenue Growth -37.47%
  • Profit Growth -9090.57%
  • Ebitda -5470.39%
  • Net Worth -16.85%
  • Total Assets -14.39%

About Polaris Smart Metering

Polaris Smart Metering Private Limited (PSMPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 January 2011 and has a history of 14 years. Its registered office is in Jaipur, Rajasthan, India.

The Company is engaged in the Environment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 8.21 Cr.

The company currently has active open charges totaling ₹31.83 Cr.

Yashraj Khaitan, Ashish Agarwal, Sayantan Lahiri, and Two other members serve as directors at the Company.

Company Details

  • Location

    Jaipur, Rajasthan, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U40106RJ2011PTC033744

  • Company No.

    033744

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    03 Jan 2011

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Jaipur

Industry

Environment
Consumer Electronics & Durables

What products or services does Polaris Smart Metering Private Limited offer?

Polaris Smart Metering Private Limited offers a wide range of products and services, including Electrical & Electronic Test Devices, Energy Meter, IT, Networking & Automation Solution, IT Solutions, Multifunction Meter, Solar Power Plants, Solar Power Systems.

Who are the key members and board of directors at Polaris Smart Metering?

Board Members (5)

Name Designation Appointment Date Status
Yashraj Khaitan Country flag representing In Director 03-Jan-2011 Current
Ashish Agarwal Country flag representing In Director 02-Jul-2024 Current
Sayantan Lahiri Country flag representing In Director 22-Dec-2022 Current
Rajeev Sharma Country flag representing In Director 21-Jun-2023 Current
Kishore Khaitan Country flag representing In Director 03-Jan-2011 Current

Financial Performance of Polaris Smart Metering.

Polaris Smart Metering Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 37.47% decrease. The company also saw a substantial fall in profitability, with a 9090.57% decrease in profit. The company's net worth observed a substantial decline by a decrease of 16.85%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
-37.47%
Revenue from Operations
-38.12%
Total Assets
-14.39%
Profit or Loss
-9090.57%
Net Worth
-16.85%
EBITDA
-5470.39%

What is the Ownership and Shareholding Structure of Polaris Smart Metering?

In 2022, Polaris Smart Metering had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹31.83 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 31.00 Cr
  • Yes Bank Limited : 0.83 Cr

Latest Charge Details

Date Lender Amount Status
03 Jan 2023 Others ₹31.00 Cr Open
22 Apr 2021 Yes Bank Limited ₹8.34 M Open

How Many Employees Work at Polaris Smart Metering?

Polaris Smart Metering has a workforce of 94 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Polaris Smart Metering, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Polaris Smart Metering's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Polaris Smart Metering

Recent activity within the organization

  • Annual General Meeting

    Polaris Smart Metering Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

    28 Sep 2024

  • Director Appointment

    Ashish Agarwal was appointed as a Director was appointed as a Director on 02 Jul 2024 & has been associated with this company since 7 months 2 days .

    02 Jul 2024

  • Balance Sheet

    Polaris Smart Metering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.

    31 Mar 2024

  • Director Appointment

    Rajeev Sharma was appointed as a Director was appointed as a Director on 21 Jun 2023 & has been associated with this company since 1 year 7 months .

    21 Jun 2023

  • Charges

    A charge with Others of Rs. 31.00 Cr registered on 03 Jan 2023 with Charge ID 100677259 was modified on 24 Mar 2023.

    24 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 31.00 Cr with Charge ID 100677259 was registered on 03 Jan 2023.

    03 Jan 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Polaris Smart Metering Private Limited was incorporated on 03 Jan 2011.

  • The authorized share capital of Polaris Smart Metering Private Limited is ₹ 15.00 Cr and paid-up capital is ₹ 8.21 Cr.

  • Currently 5 directors are associated with Polaris Smart Metering Private Limited.

    • Yashraj Khaitan
    • Ashish Agarwal
    • Sayantan Lahiri
    • Rajeev Sharma
    • Kishore Kumar Khaitan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Polaris Smart Metering Private Limited is E - 418 Road No. 14 V.K.I. Area, India, Jaipur, Rajasthan, 302013.

  • The corporate identification number (CIN) of Polaris Smart Metering Private Limited is U40106RJ2011PTC033744 and the company number is 033744 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Polaris Smart Metering Private Limited is https://www.grampower.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Polaris Smart Metering Private Limited has fallen by -37.47%.

  • As Per 2022 financial reports, 94 employees are currently employed by Polaris Smart Metering Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Polaris Smart Metering Private Limited has experienced an downturn of -16.85%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Polaris Smart Metering Private Limited amount to ₹ 31.83 Cr.

  • The most recent Balance Sheet for Polaris Smart Metering Private Limited was filed with the ROC on 31 Mar 2024.

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