Smarten Power Systems Ltd IPO

Our Company was incorporated as Smarten Power Systems Private Limited as a Private Limited Company pursuant to a certificate of incorporation dated July 30, 2014 issued by the Registrar of Companies, Haryana. Further, our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors in its meeting held on October 24, 2024, and by the Shareholders in an extraordinary general meeting held on October 25, 2024 and consequently the name of our Company was changed to Smarten Power Systems Limited and a fresh certificate of incorporation dated November 20, 2024 was issued by the Registrar of Companies, Central Processing Centre.

The Home Uninterruptible Power Supply (UPS) market in India is a dynamic and rapidly evolving sector, which is fuelled by the increasing need for reliable power in the face of frequent outages, as well as the nation's surge in digitalisation and offsite work opportunities. India's Home Uninterruptible Power Supply (UPS) market is fundamentally driven by the need for resilience against power instability. Lead acid batteries strike a balance between affordability and performance, making them accessible to a broad customer base. Their established reliability and long-standing presence in the power backup industry further contribute to their popularity.

We are 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. We are also engaged in the trading of solar panels and batteries. We sell our products through our distributors within India. We also export our products except solar panels outside India. Currently, our Company is operating in 23 states and 2 union territories within India and has also established global footprint in over 18 countries which includes Middle East, Africa, and South Asia region.