MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-29-0000949
MTC Recycling Private Limited
MTC Recycling Private Limited - environment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹30,000
▼ 98% YoY
Net loss · FY 2025
₹11.16 Lakh
Latest filing
EBITDA · FY 2025
-₹84,600
EBITDA margin -282%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
20
Provident fund records
Directors on board
4
As per MCA filings
About MTC Recycling Private Limited
Data last updated:
MTC Recycling Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of M S Metals And Steels Private Limited. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 12 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U37100KA2018PTC118417. Its GSTIN is 29AAMCM2244D1ZI (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Sachin Bherumal Rathod and Yash Narendra Mehta.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at #12 Race Course Road Madhava Nagar, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹30,000, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹11.16 Lakh and EBITDA of -₹84,600 (EBITDA margin -282%). Revenue has declined at a compounded annual rate (CAGR) of 93% over three years.
The company has about 20 employees on its provident fund (EPFO) records.
MTC Recycling Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-29-0000949). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of MTC Recycling Private Limited
CIN U37100KA2018PTC118417
Registration Number 118417
Incorporation Date 12 November 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company M S Metals And Steels Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-29-0000949
Key People
Sachin Bherumal Rathod Director Yash Narendra Mehta Director Somanna Mangalorepet Puttaswamanna Director Recognitions & Rankings of MTC Recycling
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address#12 Race Course Road Madhava Nagar, Bangalore, Karnataka, India – 560001
- IndustryEnvironment, Waste Management & Recycling Solutions
Comprehensive company report
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Financials of MTC Recycling Private Limited FY 2025 filings available
MTC Recycling Private Limited reported revenue of ₹30,000 (down 98% YoY) for FY 2025.
Revenue · FY 2025
₹30,000 ▼ 98%
Net loss · FY 2025
₹11.16 Lakh
EBITDA · FY 2025
-₹84,600 margin -282%
Compounded Annual Growth Rate (CAGR) of MTC Recycling Private Limited
Revenue CAGR growth
1 year
▼ 98%
3 years · compounded
▼ 93%
EBITDA CAGR growth
1 year
▼ 106%
3 years · compounded
▼ 27%
5 years · compounded
▲ 2%
Revenue has declined at a compounded annual rate (CAGR) of 93% over three years, including a 98% fall in the latest year. EBITDA fell 106% 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 of MTC Recycling Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹84,600 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.16 Lakh | •••• | •••• | •••• | •••• |
| 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 of MTC Recycling Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -282% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of MTC Recycling are in the company report.
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Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of MTC Recycling Private Limited
MTC Recycling has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Bherumal Rathod Also directs: MTC Business Private Limited | Director | 12 Nov 2018 | 7 Years 11 Months | Current |
| Yash Narendra Mehta Also directs: M S Metals and Steels Private Limited, MTC Projects Private Limited, MTC Business Private Limited and 4 more | Director | 12 Nov 2018 | 7 Years 11 Months | Current |
| Somanna Mangalorepet Puttaswamanna | Director | 12 Nov 2018 | 7 Years 11 Months | Current |
| Sanjay Maganlal Mehta Also directs: Madhuban Property and Realty LLP, M S Metals and Steels Private Limited, MTC Steel Alloys Private Limited and 4 more | Director | 12 Nov 2018 | 7 Years 11 Months | Current |
Peer Comparison of MTC Recycling Private Limited
MTC Recycling Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| A2z Waste Management (Moradabad) Limited | ₹35,000 (FY 2025) | •••• | •••• | -100.0% | •••• | Gurgaon, Haryana, India |
| Inwaste Technologies Private Limited | ₹32,868 (FY 2023) | •••• | •••• | •••• | Ghaziabad, Uttar Pradesh, India | |
| Sri Tirupati Pyrolysis Private Limited | ₹30,890 (FY 2025) | •••• | •••• | 12.0% | •••• | Kolkata, West Bengal, India |
| Kuber Recycle Projects Private Limited | ₹30,501 (FY 2025) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
| MTC Recycling Private Limited this company | ₹30,000 (FY 2025) | •••• | •••• | -98.0% | •••• | Bangalore, Karnataka, India |
| Clean and Green Energy India Private Limited | ₹30,000 (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Steps Techniron Limited | ₹29,800 (FY 2016) | •••• | •••• | -90.0% | •••• | Mumbai, Maharashtra, India |
| Samvedna Bio Medical Waste Management Private Limited | ₹29,500 (FY 2025) | •••• | •••• | •••• | Halol, Gujarat, India | |
| Dassges Private Limited | ₹29,203 (FY 2024) | •••• | •••• | -100.0% | •••• | Ambernath, Maharashtra, India |
| Revivo Resource Management Private Limited | ₹28,200 (FY 2025) | •••• | •••• | 82.0% | •••• | New Delhi, Delhi, India |
| Ecolagro Venture Private Limited | ₹28,004 (FY 2024) | •••• | •••• | -20.0% | •••• | Lucknow, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below MTC Recycling by revenue in the Cleantech industry (Recycling and Waste Treatment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of MTC Recycling Private Limited
MTC Recycling Private Limited is audited by SHAH KHANDELWAL JAIN & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHAH KHANDELWAL JAIN & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
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- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of MTC Recycling Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of MTC Recycling Private Limited
MTC Recycling Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at MTC Recycling Private Limited
MTC Recycling Private Limited has a workforce of 20 employees as of Apr 07, 2024.
Employee count
20
Active EPFO establishments
1
Employee growth
-20%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on MTC Recycling Private Limited
MTC Recycling Private Limited has 4 board changes on record since 2018: 4 appointments. The latest: Sachin Bherumal Rathod was appointed as Director on 12 Nov 2018.
AGM
Mtc Recycling Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Mtc Recycling Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Sachin Bherumal Rathod was appointed as Director.
Appointed
Sanjay Maganlal Mehta was appointed as Director.
Appointed
Somanna Mangalorepet Puttaswamanna was appointed as Director.
Appointed
Yash Narendra Mehta was appointed as Director.
Incorporation
12 Nov 2018
Mtc Recycling Private Limited was registered on 12 Nov 2018 with Roc Bangalore & aged 7 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for MTC Recycling Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by MTC Recycling Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of MTC Recycling Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
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- Entity investments
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GST Compliance of MTC Recycling Private Limited
MTC Recycling has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCM2244D1ZI | Karnataka | Active | 13 Feb 2019 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of MTC Recycling Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about MTC Recycling Private Limited
MTC Recycling 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 12 November 2018 (8+ years old) and is registered under CIN U37100KA2018PTC118417.
MTC Recycling reported revenue of ₹30,000 for FY 2025 (down 98% YoY).
MTC Recycling has 4 current directors:
- Sachin Bherumal Rathod - Director
- Yash Narendra Mehta - Director
- Somanna Mangalorepet Puttaswamanna - Director
- Sanjay Maganlal Mehta - Director
MTC Recycling reported a net loss of ₹11.16 Lakh and EBITDA of -₹84,600 (EBITDA margin -282%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of MTC Recycling is -93% over three years. In the latest year (FY 2025) revenue fell 98%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of MTC Recycling is 29AAMCM2244D1ZI, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of MTC Recycling is U37100KA2018PTC118417. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MTC Recycling was incorporated on 12 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of MTC Recycling by revenue are A2z Waste Management (Moradabad) Limited, Inwaste Technologies Private Limited, Sri Tirupati Pyrolysis Private Limited, Kuber Recycle Projects Private Limited, Clean and Green Energy India Private Limited and 5 more, all in the Cleantech industry (Recycling and Waste Treatment).
Sachin Bherumal Rathod was appointed as Director on 12 Nov 2018. Sanjay Maganlal Mehta was appointed as Director on 12 Nov 2018. Somanna Mangalorepet Puttaswamanna was appointed as Director on 12 Nov 2018. MTC Recycling has 4 board changes on record in total.
Yes, MTC Recycling is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-29-0000949).