Polaris Smart Metering, a leading advanced metering infrastructure service provider in India, is executing contracts for 10 million smart electricity meters across the country as part of the nationwide move to modernise power-distribution networks. 

Yashraj Khaitan, Founder and CEO said the company is also deploying 1.6 million smart gas meters alongside the electricity-meter rollout. “Currently, we hold close to ten per cent of India’s smart-meter market share and are targeting to double that within the next three to five years,” he said. 

Polaris offers an integrated solution encompassing meter hardware, communication networks, software platforms and turnkey EPC execution under long-term contracts of up to ten years. 

The rollout is critical as utilities stride to tackle power theft, improve billing accuracy and bolster grid reliability. “Smart meters enable real-time insights on consumption, tamper alerts and analytics so utilities can immediately act on anomalies,” Khaitan added. 

India’s renewable-energy capacity now exceeds 50 per cent of total generation; smart-metering is expected to play a key role in demand-side management and aligning consumption with variable renewables. 

Polaris referenced its project in Ladakh and Kargil—India’s first fully smart-metered region—where losses dropped from over 40 per cent and billing efficiency rose to 97–98 per cent.