Smarten Power Systems IPO

Incorporated in 2014, Smarten Power Systems Limited is engaged in designing and assembling power back-up and advanced solar power products while also trading in solar panels and batteries. It generates approx 76.41% of its revenue through domestic sales and 23.59% through exports, operating across 23 states and 2 UTs within India while maintaining a global footprint in 18+ countries. In FY25, Solar Inverters contributed the highest (32.60%) to overall revenue, followed by batteries (31.68%), while rest of the revenue came from home UPS systems, solar panels and solar charge controllers. Currently, the infrastructure enables production of around 600 units/day with capacity to increase to 1,200 units/day once the proposed facility at Model Economic Township becomes operational in FY26.