Smarten Power Systems

About the Company

Smarten Power Systems designs and assembles power back-up and advanced solar power products including Home UPS systems, solar inverters, solar power conditioning units (PCUs), and solar charge controllers. The company also trades in solar panels and batteries, serving both domestic and international markets. Founded in 2014 and promoted by four industry veterans with over two decades of experience in the power-backup industry, Smarten operates across 23 states and 2 union territories in India while maintaining a global footprint in over 18 countries across the Middle East, Africa, and South Asia regions. With the mission to propel society towards a sustainable energy future and the vision “Fusion is the Future,” the company focuses on providing affordable, efficient, and environmentally friendly energy solutions. Smarten generates approximately 76% of its revenue through domestic sales and 23% through exports, supported by a workforce of 252 permanent employees.

Strengths

• Wide product range backed by advanced and efficient solar technologies.
• Strong in-house R&D driving innovation in energy-efficient, smart power solutions.
• Extensive pan-India distribution and service network with strong presence in North India and growing global reach.
• Exports to 18 countries via 31 distributors, with strong presence in Africa and South Asia.
• Tech-enabled after sales service with nationwide reach.
• Diversified vendor network ensures timely, cost-effective procurement and smooth operations.

Risks

• Operations depend on leased premises; delays in new facility may disrupt business.
• High reliance on Haryana and UP makes us vulnerable to regional disruptions.
• Lack of long-term distributor contracts exposes us to relationship and revenue risks.
• Top 10 customers contribute ~33–42% of revenue; their loss may impact business.
• Working capital needs are high (₹3,988.15 lakh in FY25); cash flow issues may impact operations.
• Dependence on third-party raw material suppliers may disrupt operations if supply fails.
• Exports rely on Nigeria, West Africa any policy shifts in the region poses risk.