Polaris Smart Metering Private Limited has secured ₹710 crore, or about $80 million, in financing from British International Investment for its subsidiary, Hooghly Smart Metering. The company said the funding will support the rollout of more than 2.2 million smart meters in West Bengal and strengthen its advanced metering infrastructure footprint.
The financing is tied to a broader deployment program in West Bengal. Polaris said the capital will help expand its AMI network and support India’s wider energy transition efforts.
Polaris describes itself as an integrated smart metering solutions provider. Its website lists smart electric meters, smart gas meters, software suite, and one-stop solutions among its core offerings. The company’s leadership page identifies Yashraj Khaitan as Founder & CEO.
The raise gives Polaris more capital to support execution on its rollout plans. It also comes as the company continues to highlight recent milestones and industry participation on its own website, including coverage around its millionth meter and appearances at major energy events in 2026.
Polaris is building more than meters. Its platform combines hardware, deployment, communications infrastructure, and software, which places it in a broader role across utility digitization. That model is designed to support utilities from installation through ongoing operations.
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