A system and method for simultaneous charging, tracking and monitoring one or more equipments, comprising actuating a coordinator using a management server for transmitting UHF radio waves; receiving the transmitted UHF radio waves by a receiver; converting the UHF radio waves into DC power by employing an energy harvesting IC for charging a battery pack of said equipment, and simultaneously activating an RFID tag for receiving one or more operational parameters related to said equipment by employing said one or more sensors and transmitting said received one or more operational parameters by using short range data communication protocol via said coordinator.