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Myelin Foundry Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹5.64 Cr
▼ 8% YoY
Net loss · FY 2025
₹7.61 Cr
Net margin -135.1%
EBITDA · FY 2025
-₹7.36 Cr
EBITDA margin -130.6%
Authorised capital
₹5.03 Cr
Registered with MCA
Paid-up capital
₹4.19 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
41
Provident fund records
Directors on board
3
As per MCA filings
About Myelin Foundry Private Limited
Data last updated:
Myelin Foundry Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 21 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2019PTC120581. Its GSTIN is 29AAMCM3796N1ZE (Karnataka).
The company has an authorised share capital of ₹5.03 Cr and a paid-up capital of ₹4.19 Lakh. It is led by directors including Ganesh Suryanarayanan and Gopichand Katragadda.
Its last annual general meeting (AGM) was held on 04 September 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 ₹5.64 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹7.61 Cr (net margin -135.1%) and EBITDA of -₹7.36 Cr (EBITDA margin -130.6%). Revenue has grown at a compounded annual rate (CAGR) of 96% over three years and 40% over five years.
The company has about 41 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Myelin Foundry. Court records list 1 case involving the company, including 1 filed by the company. The company has 11 deals on record (4 funding rounds, 4 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹82.05 Cr; the latest was in February 2026. Its 8 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger and 5 smaller; the largest is Ebenefits Support Services Private Limited with revenue of ₹5.65 Cr. The company has 6 MSME Form 1 returns on record between 2022 and 2024, listing 28 overdue payments to 10 micro and small suppliers.
Myelin Foundry Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0116853). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website myelinfoundry.com.
Company details
CIN U74999KA2019PTC120581
Registration Number 120581
Incorporation Date 21 January 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 04 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0116853
Key People
Chintan Kaushik Gandhi Nominee Director Ganesh Suryanarayanan Director Gopichand Katragadda Director Recognitions & Rankings of Myelin Foundry
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-KR-03-0116853
Contact details
Myelin Foundry Private Limited's registered office is in Bangalore, Karnataka. Its website is myelinfoundry.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBrigade Padmini Tech Valley Cloud Block 2nd Floor 201, Opposite D – Mart Siddapura Varthur Road Brookfield, Bangalore, Karnataka, India – 560066
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Myelin Foundry Private Limited, buy the company report.
Comprehensive company report
Myelin Foundry 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
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Brands
Myelin Foundry operates one associated brand: Myelin Foundry. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Deep tech startup that leverages artificial intelligence to transform human experiences | myelinfoundry.com |
Business activity
The main business activity of Myelin Foundry is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Myelin Foundry Private Limited, buy the company report.
Financials of Myelin Foundry Private Limited
FY 2025 filings availableMyelin Foundry Private Limited reported revenue of ₹5.64 Cr (down 8% YoY) for FY 2025.
Revenue · FY 2025
₹5.64 Cr ▼ 8%
Net loss · FY 2025
₹7.61 Cr margin -135.1%
EBITDA · FY 2025
-₹7.36 Cr margin -130.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 96%
5 years · compounded
▲ 40%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▼ 5%
5 years · compounded
▼ 10%
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 40%. EBITDA fell 10% 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 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | -₹7.36 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.61 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -130.6% | ||||
| Net Profit Margin | -135.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Myelin Foundry Private Limited, buy the company report.
Board of directors of Myelin Foundry Private Limited
Myelin Foundry has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chintan Kaushik Gandhi Also directs: Pantherun Technologies Private Limited, Serosoft Solutions Private Limited, Otpless Solutions Private Limited and 2 more | Nominee Director | 20 Dec 2024 | 1 Years 10 Months | Current |
| Ganesh Suryanarayanan | Director | 21 Jan 2019 | 7 Years 9 Months | Current |
| Gopichand Katragadda | Director | 21 Jan 2019 | 7 Years 9 Months | Current |
Peer comparison
Myelin Foundry Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ebenefits Support Services Private Limited | ₹5.65 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India | |||
| Ayan Infotech Private Limited | ₹5.64 Cr (FY 2024) | -24.0% | Puducherry, India | |||
| Codepoint Softwares Private Limited | ₹5.64 Cr (FY 2024) | 18.0% | Kochi, Kerala, India | |||
| Myelin Foundry Private Limitedthis company | ₹5.64 Cr (FY 2025) | -₹7.61 Cr | -135.1% | -8.0% | 41 | Bangalore, Karnataka, India |
| Mosad IT Solutions Private Limited | ₹5.63 Cr (FY 2025) | 13.0% | Ernakulam, Kerala, India | |||
| Kesh Staffing Private Limited | ₹5.63 Cr (FY 2025) | 14.0% | Hyderabad, Telangana, India | |||
| NDTV Worldwide Limited | ₹5.63 Cr (FY 2025) | 30.0% | New Delhi, Delhi, India | |||
| E - R3 Solutions Private Limited | ₹5.63 Cr (FY 2024) | 310.0% | Bangalore, Karnataka, India | |||
| Rishnet Solutions Private Limited | ₹5.63 Cr (FY 2025) | 13.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Myelin Foundry Private Limited, buy the company report.
Auditor
Myelin Foundry Private Limited is audited by B K Ramadhyani and Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B K Ramadhyani and Co LLP | FY 2023 | 002878S/S200021 |
Shareholding
The shareholding of Myelin Foundry Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Myelin Foundry Private Limited, buy the company report.
Deals & funding
Myelin Foundry Private Limited has 11 deals on record (4 funding rounds, 4 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹82.05 Cr; the latest was in February 2026.
Total deals
11
Funding rounds
4
Secondary share transfers
4
Convertible or debt financings
2
Rights issue
1
Disclosed funding
₹82.05 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2026 | Secondary share transfer | Undisclosed | Buyer: Asm Technologies Limited |
| May 2024 | Funding round | ₹33.4 Cr | Investors: Pratithi Investments, Endiya Partners, SIDBI Ventures, an individual |
| Jan 2023 | Funding round · Series A | ₹22.8 Cr | Investors: Visteon Netherlands Holdings I Cooperatief UA, Eureka Commodity Brokerage Private Limited , Endiya Partners, an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| May 2019 | Rights issue | ₹3.04 Cr | Investors: Cortex Ventures LLC, Mistry Ventures, 2 individuals |
To see the full deal history of Myelin Foundry Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Myelin Foundry Private Limited has 1 court case on record: 1 filed by Myelin Foundry. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed by the company against The Central Board of Direct Taxes and 1 other | Disposed |
To see the full case history of Myelin Foundry Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Myelin Foundry Private Limited has 6 MSME Form 1 returns on record between 2022 and 2024, listing 28 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| AAA Rental LLP | |||
| Fiarra Sourcing Private Limited | |||
| Waterline Hotels Private Limited | |||
| Euro Cars India Private Limited |
To see the full MSME payment records of Myelin Foundry Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Myelin Foundry Private Limited has a workforce of 41 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
41
Active EPFO establishments
1
Employee growth
46.43%
GST
Myelin Foundry has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCM3796N1ZE | Karnataka | Active | 01 Feb 2019 |
To see the full GST registrations and return filing status of Myelin Foundry Private Limited, buy the company report.
Recent activity
Myelin Foundry Private Limited has 5 board changes on record since 2019: 3 appointments and 2 cessations. The latest: Chintan Kaushik Gandhi was appointed as Nominee Director on 20 Dec 2024.
AGM
Myelin Foundry Private Limited last Annual general meeting of members was held on 04 Sep 2025 as per latest MCA records.
Filing
Myelin Foundry Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Chintan Kaushik Gandhi was appointed as Nominee Director.
Ceased
Debraj Banerjee ceased to be Nominee Director.
Ceased
Ganesh Suryanarayanan ceased to be Director.
Appointed
Ganesh Suryanarayanan was appointed as Director.
Appointed
Gopichand Katragadda was appointed as Director.
Incorporation
21 Jan 2019
Myelin Foundry Private Limited was registered on 21 Jan 2019 with Roc Bangalore & aged 7 years 9 months as per MCA records.
News
Frequently asked questions
Myelin Foundry is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 21 January 2019 (7+ years old) and is registered under CIN U74999KA2019PTC120581.
Myelin Foundry has 3 current directors:
- Chintan Kaushik Gandhi - Nominee Director
- Ganesh Suryanarayanan - Director
- Gopichand Katragadda - Director
The latest financial statements of Myelin Foundry on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Myelin Foundry is 29AAMCM3796N1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Myelin Foundry is U74999KA2019PTC120581. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Myelin Foundry has 1 court case on record: 1 filed by the company.
Myelin Foundry was incorporated on 21 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Myelin Foundry has 11 deals on record (4 funding rounds, 4 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹82.05 Cr; the latest was in February 2026.
The peers of Myelin Foundry by revenue are Ebenefits Support Services Private Limited, Ayan Infotech Private Limited, Codepoint Softwares Private Limited, Mosad IT Solutions Private Limited, Kesh Staffing Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Chintan Kaushik Gandhi was appointed as Nominee Director on 20 Dec 2024. Debraj Banerjee ceased to be Nominee Director on 22 Nov 2024. Ganesh Suryanarayanan ceased to be Director on 21 May 2020. Myelin Foundry has 5 board changes on record in total.
Yes, Myelin Foundry is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Myelin Foundry is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0116853).
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