Polaris Smart Metering has secured ₹710 crore (approximately $80 million) in financing from British International Investment for its subsidiary, Hooghly Smart Metering.
The investment will be used to deploy over 22 lakh smart meters in West Bengal and expand the company’s advanced metering infrastructure across the region.
Funding to Strengthen India’s Energy Infrastructure
The latest funding underscores the growing importance of smart metering in India’s power sector transformation.
The project aims to:
- Improve billing accuracy and transparency
- Reduce power distribution losses
- Enhance grid efficiency and reliability
- Enable better integration of renewable energy
“Smart meters play a crucial role in reducing losses, improving reliability and enabling better integration of renewable energy.”
— Shilpa Kumar, Managing Director and Head of India, BII
Building a Future-Ready Energy Grid
Polaris Smart Metering is positioning itself as a key enabler of India’s energy transition and digital infrastructure.
“Our ambition goes beyond meter installation — we are focused on enabling a more efficient, accountable, and financially resilient grid.”
— Yashraj Khaitan, Founder & CEO, Polaris
The company offers end-to-end smart metering solutions, including:
- Manufacturing smart meters
- Installation and deployment
- Communication network setup
- Software and analytics support
Strong Order Book and Expansion Across India
Polaris is backed by I Squared Capital and has built a strong presence in India’s power distribution ecosystem.
Key Highlights:
- Order book worth $1.1 billion
- Operations across Uttar Pradesh, West Bengal, and Manipur
- Coverage of 7.5 million electricity meters
In addition to electricity, the company is also expanding into smart gas metering, with around 1.6 million meters installed.
Aligning with India’s ₹3 Lakh Crore Smart Meter Push
India’s smart metering drive is being powered by the Revamped Distribution Sector Scheme (RDSS), which has an outlay of nearly ₹3 lakh crore.
The government aims to install 25 crore smart meters by 2027, making it one of the largest energy infrastructure upgrades globally.
The rollout in West Bengal is expected to:
- Increase operational efficiency for utilities
- Improve consumer trust through transparent billing
- Support renewable energy adoption
The Bigger Picture: Digital Energy Transformation
The investment in Polaris Smart Metering reflects a broader shift toward digitization of energy infrastructure in India.
Smart meters are becoming a critical layer in enabling:
- Data-driven energy management
- Efficient distribution networks
- Sustainable and low-carbon energy systems
As India accelerates its clean energy goals, companies like Polaris are playing a key role in building the backbone of a smarter, greener grid.
Pragya Yadav is a Desk Reporter passionate about delivering accurate and engaging news. She covers breaking stories and trending topics with a strong focus on research, clarity, and impactful storytelling.