Smartmeters Technologies Private Limited - Due diligence report

A 360° intelligence report on Smartmeters Technologies: trust score, financial health, credit view, compliance, directors, growth and distre…

2019-10-07 Ahmedabad, Gujarat Active Unlisted
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ST Smartmeters Technologies Private Limited
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  • Director details, charges & MCA documents
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Smartmeters Technologies — 360° Intelligence Report

Generated from MCA filings & public records
75/100
Trust Score
Low Risk

Smartmeters Technologies is assessed as Low Risk with a Trust Score of 75/100. Smartmeters Technologies is an active private limited indian non-government company incorporated in 2019, operating in the Machinery and Equipment sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.

Report generated on 20 Jul 2026 from the latest processed filings. Smartmeters Technologies Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
75/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
90/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 3 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 25/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Externally credit-rated (BBB).

Charges position: 2 open (156.84 cr) · 2 satisfied (160.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
State Bank Of India2 48.0 cr
Compliance Score: 90/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 3 auditor resignation(s) filed - latest: MBD & CO LLP on 2023-04-25.
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
RAKESH SHAH RAMANLAL 01234567 Director 01/04/2018 6 yrs Approved
SURESH PRAKASH MANGLANI 01234567 Director 01/04/2018 6 yrs Approved
PARAG ARVIND PARIKH 01234567 Director 01/04/2018 6 yrs Approved
YASH MANOJBHAI SHAH 01234567 Director 01/04/2018 6 yrs Approved
SHAISHAV RAKESHKUMAR SHAH 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2022 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
2
Capital events
3 allotment(s) · 1 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Adani Total Gas Limited Joint Ventures 74.00%
Gsec Limited Joint Ventures 74.00%

Key managerial personnel: SHAISHAV RAKESHKUMAR SHAH (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 65 · Distress 75
Growth signals & trust indicators
Latest year revenue grew 1.42.
EPFO headcount growing - hiring signal.
Operating for 6 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
2 open charge(s) registered - assets are encumbered.
3 auditor resignation(s) on record - review the stated reasons.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence81/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment46/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 156.84 cr already registered.
  • Compliance record supports lending.
Investor view59/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
23 Jun 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
06 May 2024
Charge created
State Bank Of India - 78.42 cr
02 May 2024
Charge satisfied
Others
27 Mar 2024
Charge created
State Bank Of India - 78.42 cr
31 Mar 2022
Share transfer (FY 2022)
1.00000000 shares to NA GSEC Limited
17 Mar 2022
Securities allotted
15600000 Equity Shares - 15.60 cr raised
10 Dec 2021
Charge created
Others - 80.00 cr
09 Dec 2021
Charge created
Others - 80.00 cr
23 Oct 2021
Securities allotted
8000000 Equity Shares - 8.00 cr raised
07 Oct 2021
Securities allotted
1990000 Equity Shares - 1.99 cr raised
Director ceased
SURESH PRAKASH MANGLANI
Director ceased
PARAG ARVIND PARIKH
20 Aug 2021
Director appointed
SURESH PRAKASH MANGLANI (Director)
Director appointed
PARAG ARVIND PARIKH (Director)
10

Key Observations

Auto-generated from the data above
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
5 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
V3 Novus Private Limited U74900KA2013PTC070520 Bangalore North, Karnataka, India
Epsilon Electronic Equipment And Components Private Limited U29309TG1976PTC002099 Na, Telangana, India
Argus Embedded Systems U72200TG2011PTC073678 Hyderabad, Telangana, India
Kendeil Indfarad Electronics Private Limited U31401KA2011PTC059677 Bangalore, Karnataka, India
Crest Test Systems Private Limited U72900PN2015PTC156694 Pune, Maharashtra, India
Xtragen Technologies Private Limited U32308KA2022PTC157229 Bangalore, Karnataka, India
Advanced Switching Converters Private Limited U31908AP2011PTC073995 Hyderabad, Andhra Pradesh, India
Engineered Valve Products Private Limited U29299TZ2019PTC033008 Coimbatore South, Tamil Nadu, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Smartmeters Technologies before audits and certifications: compliance score 90/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Smartmeters Technologies: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 65/100, margin trends, ownership structure and peer set for Smartmeters Technologies - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Smartmeters Technologies pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Smartmeters Technologies - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Smartmeters Technologies an active company?

Smartmeters Technologies has MCA status “Active” with a compliance score of 90/100 (Low Risk).

Is Smartmeters Technologies financially healthy?

Smartmeters Technologies has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Smartmeters Technologies?

Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Smartmeters Technologies?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 5 active director(s) are on record.

Does Smartmeters Technologies have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Smartmeters Technologies up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 90/100 (Low Risk).

Is it risky to lend to Smartmeters Technologies?

Its Credit Risk Score is 25/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.