DPIIT recognised startup Government of India
Startup India
Metastable Materials Private Limited - environment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹93.1 Lakh
▼ 29% YoY
Net loss · FY 2025
₹4.68 Cr
Latest filing
EBITDA · FY 2025
-₹84.3 Lakh
EBITDA margin -90.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2.86 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
2
GST registered
About Metastable Materials Private Limited
Data last updated:
Metastable Materials Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 05 October 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U37100KA2021PTC182257. Its GSTIN is 29AAPCM0439B1ZI (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.86 Lakh. It is led by directors Shubham Vishvakarma and Ashok Kumar.
Its last annual general meeting (AGM) was held on 28 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹93.1 Lakh, a decline of 29% compared to the previous year. For the same year it recorded a net loss of ₹4.68 Cr and EBITDA of -₹84.3 Lakh (EBITDA margin -90.5%). Revenue has grown at a compounded annual rate (CAGR) of 373% over three years.
The company is associated with 1 brand: Metastable Materials. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹2.73 Cr; the latest was in September 2023. Its 10 peer companies in the Cleantech industry (Recycling and Waste Treatment) are compared by revenue, 5 larger and 5 smaller; the largest is Shree Khand Pushkara Private Limited with revenue of ₹94.28 Lakh.
Metastable Materials Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-09-0003998). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website metastable.in.
Company details
CIN U37100KA2021PTC182257
Registration Number 182257
Incorporation Date 05 October 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 November 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-UP-09-0003998
CIN history
Metastable Materials has one previous CIN (Corporate Identification Number): U37100UP2021PTC153351. The current CIN is U37100KA2021PTC182257, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U37100KA2021PTC182257 | Current |
| U37100UP2021PTC153351 | Previous |
Key People
Shubham Vishvakarma Director Ashok Kumar Director Recognitions & Rankings of Metastable Materials
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-UP-09-0003998
Contact details
Metastable Materials Private Limited's registered office is in Bangalore, Karnataka. Its website is metastable.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address91 Springboard Business Hub Pvt Ltd 1st Floor Gopala Krishna Complex No. 45/3, Residency Road Mg Road, Bangalore, Karnataka, India – 560025
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Metastable Materials Private Limited, buy the company report.
Comprehensive company report
Metastable Materials Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Metastable Materials operates one associated brand: Metastable Materials. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| End-to-end lithium-ion battery recycling services are provided. | metastable.in |
Financials of Metastable Materials Private Limited
FY 2025 filings availableMetastable Materials Private Limited reported revenue of ₹93.1 Lakh (down 29% YoY) for FY 2025.
Revenue · FY 2025
₹93.1 Lakh ▼ 29%
Net loss · FY 2025
₹4.68 Cr
EBITDA · FY 2025
-₹84.3 Lakh margin -90.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 29%
3 years · compounded
▲ 373%
EBITDA CAGR growth
1 year
▼ 456%
3 years · compounded
▼ 213%
Revenue fell 29% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 373%. EBITDA fell 456% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹84.3 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.68 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -90.5% | |||
| Net Profit Margin | ||||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Metastable Materials Private Limited, buy the company report.
Board of directors of Metastable Materials Private Limited
Metastable Materials has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shubham Vishvakarma | Director | 05 Oct 2021 | 5 Years 0 Months | Current |
| Ashok Kumar | Director | 05 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Metastable Materials Private Limited is compared with the 10 companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Khand Pushkara Private Limited | ₹94.28 Lakh (FY 2021) | 1.0% | Tekkali Mandalam, Andhra Pradesh, India | |||
| Savita Greentec Limited | ₹94.1 Lakh (FY 2025) | Mumbai, Maharashtra, India | ||||
| Plastics for Change Foundation | ₹93.65 Lakh (FY 2025) | 1769.0% | Bangalore, Karnataka, India | |||
| Ex Clean Private Limited | ₹93.63 Lakh (FY 2023) | 150.0% | Kattappana, Kerala, India | |||
| Cmr-Chiho Recycling Technologies Private Limited | ₹93.1 Lakh (FY 2022) | -89.0% | New Delhi, Delhi, India | |||
| Metastable Materials Private Limitedthis company | ₹93.1 Lakh (FY 2025) | -₹4.68 Cr | -29.0% | Bangalore, Karnataka, India | ||
| Khanija Recycling India Private Limited | ₹92.79 Lakh (FY 2024) | -57.0% | Bangalore, Karnataka, India | |||
| Mediclean Tech Private Limited | ₹92.58 Lakh (FY 2019) | -20.0% | Bhubaneswar, Odisha, India | |||
| Yunav Reprocessors Private Limited | ₹92.55 Lakh (FY 2025) | 70.0% | Mumbai, Maharashtra, India | |||
| Safar Bioenergy Private Limited | ₹91.79 Lakh (FY 2024) | 4.0% | Ahmedabad, Gujarat, India | |||
| Achiever Enviro Care Private Limited | ₹91.73 Lakh (FY 2025) | -18.0% | Jamshedpur, Jharkhand, India |
To see the full peer comparison of Metastable Materials Private Limited, buy the company report.
Auditor
Metastable Materials Private Limited is audited by KUMAR VIKRAM & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUMAR VIKRAM & ASSOCIATES | FY 2023 | 034153N |
Shareholding
The shareholding of Metastable Materials Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Metastable Materials Private Limited, buy the company report.
Deals & funding
Metastable Materials Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹2.73 Cr; the latest was in September 2023.
Total deals
3
Funding rounds
3
Disclosed funding
₹2.73 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Funding round · Seed | ₹1.03 Cr | Investors: Climate9ers Capital |
| Apr 2023 | Funding round | Undisclosed | Investors: Surge, AL Trust, Speciale Invest |
| Jan 2022 | Funding round | ₹1.7 Cr | Investors: Angel List, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Metastable Materials Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Metastable Materials Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Metastable Materials Private Limited has 1 active EPFO establishment as of Mar 28, 2024.
Active EPFO establishments
1
GST
Metastable Materials has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAPCM0439B1ZI | Karnataka | Active | 24 Mar 2022 |
| 09AAPCM0439B1ZK | Uttar Pradesh | Active | 06 Dec 2021 |
To see the full GST registrations and return filing status of Metastable Materials Private Limited, buy the company report.
Recent activity
Metastable Materials Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Ashok Kumar was appointed as Director on 05 Oct 2021.
AGM
Metastable Materials Private Limited last Annual general meeting of members was held on 28 Nov 2025 as per latest MCA records.
Filing
Metastable Materials Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Ashok Kumar was appointed as Director.
Appointed
Shubham Vishvakarma was appointed as Director.
Incorporation
05 Oct 2021
Metastable Materials Private Limited was registered on 05 Oct 2021 with Roc Bangalore & aged 5 years 24 days as per MCA records.
Frequently asked questions
Metastable Materials is an active private limited company based in Bangalore, Karnataka, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 05 October 2021 (5+ years old) and is registered under CIN U37100KA2021PTC182257.
Metastable Materials has 2 current directors:
- Shubham Vishvakarma - Director
- Ashok Kumar - Director
The latest financial statements of Metastable Materials on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 November 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Metastable Materials is 29AAPCM0439B1ZI, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AAPCM0439B1ZK (Uttar Pradesh).
The CIN (Corporate Identification Number) of Metastable Materials is U37100KA2021PTC182257. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Metastable Materials was incorporated on 05 October 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Metastable Materials has 3 deals on record (3 funding rounds), with disclosed funding of ₹2.73 Cr; the latest was in September 2023.
The peers of Metastable Materials by revenue are Shree Khand Pushkara Private Limited, Savita Greentec Limited, Plastics for Change Foundation, Ex Clean Private Limited, Cmr-Chiho Recycling Technologies Private Limited and 5 more, all in the Cleantech industry (Recycling and Waste Treatment).
Ashok Kumar was appointed as Director on 05 Oct 2021. Shubham Vishvakarma was appointed as Director on 05 Oct 2021.
Yes, Metastable Materials is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Metastable Materials is registered as a micro enterprise under Udyam registration (number: UDYAM-UP-09-0003998).