COMPANY INTELLIGENCE PROFILE
Parksmart Technologies Private Limited
India-based IoT smart-parking and access-control technology company (ANPR, RFID boom barriers, FASTag, digital valet) serving corporate parks, malls, and residential societies.
ParkSmart is an India-based company specializing in IoT smart-parking and access-control technology, serving corporate parks, malls, and residential societies. Active since its incorporation on December 5, 2019, it offers automated systems such as RFID barriers and ANPR cameras. Despite operating losses in FY2024, it reported substantial growth in revenue. Funding details are partially verified, citing investments from entities including Gruhas and SIN Capital. Legal issues involve a current writ petition against the Union of India.
AI-generated, may contain errors.
Business Overview
- ParkSmart (parksmart.in) is an India-based provider of automated smart parking management and IoT access-control systems.
- It offers proprietary IoT controllers, ANPR, Automatic Number Plate Recognition, cameras, RFID boom barriers, FASTag-based entry/exit, POS payment/ticketing devices, real-time occupancy monitoring, web dashboards for operations, and digital valet apps.
- Target customers include corporate/IT parks, residential societies, shopping malls, commercial real estate and municipal bodies.
- Site claims ~144,200 vehicles managed, ~110,100 daily transactions, ~2,900 integrated parking locations, and named clients/partners including Brigade, Supertech, Fortis Hospitals, Airports Authority of India, Godrej Properties, BPTP, Terra Group, ATS, Casagrand, SRS Group and others, source: parksmart.in; unverified beyond the company's own site — self-reported scale metrics, treat as partial.
Sector & Classification
Business Services — Computer programming, consultancy & IT support services (NIC ~620), applied to IoT-based smart parking/access-control technology (source: Tofler)
Directors & Key Management
Directors — source notes
3 directors listed consistently across Tofler and TheCompanyCheck, all appointed 05 Dec 2019 (confirmed — 2 sources agree on names): - Rahul Gupta — DIN 08629948 (DIN sourced from Tofler only; single-source, partial) - Vishva Sharma — DIN 08629949 (Tofler only; partial) - Prateek Garg — DIN 08629950 (Tofler only; partial) Rahul Gupta is referenced publicly as CEO in a funding-round statement found via search aggregation (unverified primary source).
GST Registrations
Primary GSTIN(s) associated with PAN AAKCP9146K, per a GST-directory search aggregation (single aggregated source — not independently confirmed on two direct GSTIN pages, so treat as partial): - 07AAKCP9146K1ZT — Delhi (home state, matches RoC Delhi) - 09AAKCP9146K1ZP — Uttar Pradesh Registration date cited as 12 Feb 2020, status "Active regular taxpayer." Total registrations found: 2 states. Direct knowyourgst.com individual GSTIN pages for these numbers returned 404 when fetched directly, so this should be re-verified before publishing as confirmed.
Financials
Parksmart Technologies Private Limited reported a FY2024 revenue increase of 162.38% within the ₹1-10 crore band, though it remains loss-making with a net profit margin of -12.25%. The company's assets grew by 36.21%, with a net worth up by 13.59% year-on-year, while debt-to-equity stands at 0.0.
AI-generated, may contain errors.
| Latest data available | FY2024, year ended 31 March 2024, standalone, per Tofler, single source — partial, not cross-confirmed: |
| Revenue | in the ₹1–10 crore band, Tofler reports this as a range bracket, not an exact figure; revenue up 162.38% YoY |
| Net profit margin | -12.25%; Operating margin: -17.34% |
| Return on Equity | -31.45%; ROCE: -33.22%, company was loss-making in FY2024 |
| Net worth | up 13.59% YoY; Total assets: up 36.21% YoY |
| Debt-to-equity | 0.0 reported |
| EBITDA/PAT absolute values, and consolidated vs standalone distinction, were not disclosed in the source — "not obtained" for exact rupee figures. | |
| Last AGM | 30 September 2024 (Tofler). |
Funding History
- Reported via a search-engine aggregation of funding-tracker content, referencing Tracxn, — single-source/aggregated, not independently verified, figures conflict across trackers:
- Total funding cited as approx. $1.15 million (one figure) across "4 rounds from 15 investors" per one tracker snapshot
- Other snapshots cite figures as low as ~$200K, and a most-recent round of ~$241K reportedly closed 27 March 2024.
- Investors named in the aggregated snippet: Gruhas, Nikhil Kamath-linked proptech fund, SIN Capital, ah! Ventures, and unnamed "Japanese investors."
- A CEO quote attributed to Rahul Gupta references "this funding round" as a "significant milestone."
- None of this could be verified against a primary Tracxn/Inc42/Entrackr page directly, those were not independently fetched, — treat entire funding section as unconfirmed/partial and re-verify before publishing.
Loans & Charges
| One charge found, Tofler, single source — partial: | |
| Chargeholder | State Bank of India |
| 1 loan/charge; amount charged | ₹1.5 crore |
| Created/modified | 19 September 2025 |
| No other charges found; total outstanding charges not independently cross-verified. | |
Legal & Compliance
- Confirmed via Indian Kanoon, primary case-law source: one writ petition thread, same case number recurring across multiple hearing dates —
- Parksmart Technologies Private Limited vs. Union of India, Delhi High Court, W.P. (C) 8404/2025
- Hearing dates found: 6 June 2025, Justice Tushar Rao Gedela, 13 June 2025, 4 July 2025, Justice Sachin Datta, 1 September 2025, Justice Sachin Datta
- Subject matter/outcome of the writ petition was not extracted, Indian Kanoon order-text not read in full, — nature of dispute is "not obtained"
- Likely a regulatory/tax-authority matter given "Union of India" as respondent, but this is an inference, not confirmed.
Competitive Landscape
- Named competitors in India's smart parking / IoT parking-management space, found via web aggregation, single-pass search, not independently fetched per-company — treat as indicative, not verified:
- Park+ (Awign) — large, well-funded consumer + enterprise parking/vehicle-services platform, reported as a leading Delhi-NCR/pan-India player, larger scale than ParkSmart
- Get My Parking (GMP) — IoT GateKit + white-label parking apps + cloud platform; comparable early/growth-stage scale
- ParkMobile (India context) — reported strong in Bengaluru/Mumbai markets
- ParkMate, Jaipur, est. 2021, — app-based, hyperlocal on-demand parking platform; smaller/regional scale
- Sensorise — mentioned as an IoT/parking-adjacent player; scale not detailed
- Broader market context: aggregator sources reference "35+ parking companies" tracked in India overall.
Frequently Asked Questions
What does ParkSmart do?
ParkSmart is an India-based IoT smart-parking and access-control technology company that offers solutions such as ANPR cameras, RFID boom barriers, FASTag-based entry/exit, and digital valet for corporate parks, shopping malls, and residential societies.
What is ParkSmart's CIN?
ParkSmart's Corporate Identification Number (CIN) is U74999DL2019PTC358401.
What is the GSTIN for ParkSmart?
The primary GSTINs associated with ParkSmart's PAN AAKCP9146K are 07AAKCP9146K1ZT for Delhi and 09AAKCP9146K1ZP for Uttar Pradesh. These registrations are active, regular taxpayer status.
When was ParkSmart incorporated?
ParkSmart was incorporated on 05 December 2019.
What is ParkSmart's registered office address?
ParkSmart's registered office is located at F-228, G/F, Lado Sarai, Near DDA Flat Road, South West Delhi, New Delhi, Delhi to 110030.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.