Polaris provides end-to-end smart metering solutions encompassing manufacturing, deployment, communications infrastructure, and software platforms. It is an I Squared Capital portfolio company and operates through subsidiaries such as Hooghly Smart Metering Private Limited. Polaris has an order book of about $1.1 billion, covering projects across Uttar Pradesh, West Bengal, and Manipur, with commitments for a total of 7.5 million electric meters. The company also serves the smart gas metering segment, with 1.6 million gas meters. Its near-term plans, supported by the recent Rs 710 crore financing, include deploying over 2.2 million smart meters in West Bengal and expanding its AMI footprint.

Total raised

$76M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2026