Smarten Power Systems Ltd Company Summary

Smarten Power Systems Ltd Summary

Smarten Power Systems Limited was incorporated as Smarten Power Systems Private Limited as a Private Limited Company dated July 30, 2014 issued by the Registrar of Companies, Haryana. Further, Companys status has been converted into a Public Limited Company followed by the change in name of the Company as Smarten Power Systems Limited and a fresh Certificate Incorporated has been issued by the Registrar of Companies, Central Processing Centre on November 20, 2024. The Company is engaged into designing and assembling of power back-up and advanced solar power products such as Home UPS systems, solar inverters, solar power conditioning units (PCUs), solar charge controllers. It is engaged into trading of solar panels and batteries. The Company sell products through their distributors within India. It also export the products except solar panels outside India. Currently, Company is operating in 23 states and 2 union territories within India and has also established global footprint in over 17 countries which includes Middle East, Africa, and South Asia region.In 2014, Company launched first product line: Home UPS Systems and expanded business operations in West Bengal and Maharashtra in 2015, It started exports to Nepal, launched Solar Charge Controller and Solar Inverters/Solar Power Conditioning Units in 2016 followed by the expansion to Solar Panels in 2018. The Company later, commissioned the second assembling plant at Gurgaon, Haryana in 2020. It expanded the operations in sales to Gujarat, Jammu & Kashmir and Telangana in 2021; acquired a wholly owned subsidiary by the name of Smart Store International Private Limited for online sales in 2022. The Company has expanded the sales operations in Bihar in 2024.The Company is planning an Initial Public Issue of upto 50,00,400 Equity Shares of face value of Rs 10 each comprising a fresh issue of 40,00,800 equity shares and 9,99,600 equity shares through offer for sale.