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Mestis Energy Private Limited - consumer electronics & durables in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.93 Cr
▲ 1691% YoY
Net loss · FY 2024
₹4.86 Cr
Net margin -70.1%
EBITDA · FY 2024
-₹4.74 Cr
EBITDA margin -68.5%
Authorised capital
₹45 Lakh
Registered with MCA
Paid-up capital
₹27.37 Lakh
Issued & subscribed
Open charges
₹10.13 Cr
Satisfied ₹2 Cr
Company age
4 yrs
Est. 2022
Employees · EPFO
21
Provident fund records
About Mestis Energy Private Limited
Data last updated:
Mestis Energy Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 02 February 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31509KA2022PTC157417. Its GSTIN is 29AAPCM4219H1Z4 (Karnataka).
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹27.37 Lakh. It is led by directors Sheetanshu Tyagi and Rahul Ratilal Patel.
Its last annual general meeting (AGM) was held on 30 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 2024, the company reported a revenue of ₹6.93 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4.86 Cr (net margin -70.1%) and EBITDA of -₹4.74 Cr (EBITDA margin -68.5%).
The company has about 21 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: EMO. As per MCA filings, the company has open charges of ₹10.13 Cr and satisfied charges of ₹2 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it; 6 cases are pending. The company has 7 deals on record (6 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹122.71 Cr; the latest was in June 2026. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 10 overdue payments to 5 micro and small suppliers.
Mestis Energy Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0139771). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website emoenergy.in.
Company details
CIN U31509KA2022PTC157417
Registration Number 157417
Incorporation Date 02 February 2022
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0139771
Recognitions & Rankings of Mestis Energy
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0139771
Contact details
Mestis Energy Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address26 3rd Cross 16th Main, Koramangala 4th Block, Bangalore, Karnataka, India – 560034
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Mestis Energy Private Limited, buy the company report.
Comprehensive company report
Mestis Energy 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
Mestis Energy operates one associated brand: EMO. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of AI‑integrated battery systems for energy storage and mobility | emoenergy.in |
Business activity
The main business activities of Mestis Energy are manufacturing, support service to organizations and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities and other professional, scientific and technical activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Mestis Energy Private Limited, buy the company report.
Financials of Mestis Energy Private Limited
FY 2025 filings availableMestis Energy Private Limited reported revenue of ₹6.93 Cr (up 1691% YoY) for FY 2024.
Revenue · FY 2024
₹6.93 Cr ▲ 1691%
Net loss · FY 2024
₹4.86 Cr margin -70.1%
EBITDA · FY 2024
-₹4.74 Cr margin -68.5%
Financial Statement Summary
| Metrics | 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 | -₹4.74 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹4.86 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 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -68.5% | ||
| Net Profit Margin | -70.1% | ||
| 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 Mestis Energy Private Limited, buy the company report.
Board of directors of Mestis Energy Private Limited
Mestis Energy has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheetanshu Tyagi Also directs: Emo Energy LLP, Emo Blue Mobility Private Limited | Director | 02 Feb 2022 | 4 Years 9 Months | Current |
| Rahul Ratilal Patel Also directs: Emo Energy LLP, Emo Blue Mobility Private Limited | Director | 02 Feb 2022 | 4 Years 9 Months | Current |
Auditor
Mestis Energy Private Limited is audited by Dharmesh L Trivedi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dharmesh L Trivedi & Co. | FY 2023 | 148007W |
Shareholding
The shareholding of Mestis Energy Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Mestis Energy Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10.13 Cr
Satisfied charges
₹2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2025 | 101103664 | Hdfc Bank Limited | ₹13 Lakh | Open | |
| 31 Jan 2025 | 101101177 | Others | ₹10 Cr | Open | |
| 24 Oct 2024 | 100993251 | Others | ₹1 Cr | Satisfied | |
| 24 Apr 2024 | 100920613 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Mestis Energy Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Mestis Energy Private Limited has 7 deals on record (6 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹122.71 Cr; the latest was in June 2026.
Total deals
7
Funding rounds
6
Convertible or debt financing
1
Disclosed funding
₹122.71 Cr
Deals on record (3 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Funding round · Pre-Series B | ₹59 Cr | Investors: Raghav Capital, Maiuni Ventures LLP , Transition VC |
| Nov 2024 | Funding round · Series A | ₹50.03 Cr | Investors: Subhkam Ventures, Khazana Tradelinks Private Limited , RVB Enterprises LLP |
| Apr 2023 | Funding round · Seed | ₹2 Cr | Investors: Transition VC, Gruhas |
To see the full deal history of Mestis Energy 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
Mestis Energy Private Limited has 8 court cases on record: 6 filed by Mestis Energy, 2 filed against it. 6 cases are pending and 2 are disposed.
Total cases
8
Filed by the company
6
Filed against the company
2
Pending
6
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 4 |
| District courts | 3 | 1 | 2 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Electrifuel Private Limited and 2 others | Pending |
| High Court of Karnataka | Court case (CRL.P) | Filed by the company against M/S Elest Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Elest Pvt Ltd | Pending |
| High Court | Court case (COMMP) | Filed by the company against Clean Electric Private Limited and 1 other | Pending |
| Bombay High Court | Court case (COMMP) | Filed by the company against Ms Clean Electric Private Limited | Pending |
To see the full case history of Mestis Energy 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
Mestis Energy Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 10 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Leepra Technologies Private Limited | |||
| Triton Valves Limited | |||
| Aqtronics Technologies Private Limited | |||
| an individual supplier | |||
| Prabhanjana Pack |
To see the full MSME payment records of Mestis Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Mestis Energy has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAPCM4219H1Z4 | Karnataka | Active | 26 Jul 2022 |
To see the full GST registrations and return filing status of Mestis Energy Private Limited, buy the company report.
Recent activity
Mestis Energy Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Rahul Ratilal Patel was appointed as Director on 02 Feb 2022.
Charges
A charge with Others of Rs. 1,000.00 Lakh registered on 31 Jan 2025 with Charge ID 101101177 was modified on 26 Dec 2025.
AGM
Mestis Energy Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 24 Apr 2024 via Charge ID 100920613 with Others was fully satisfied on 20 May 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 13.00 Lakh with Charge ID 101103664 was registered on 05 May 2025.
Filing
Mestis Energy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 24 Oct 2024 via Charge ID 100993251 with Others was fully satisfied on 05 Mar 2025.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 101101177 was registered on 31 Jan 2025.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100993251 was registered on 24 Oct 2024.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100920613 was registered on 24 Apr 2024.
Appointed
Rahul Ratilal Patel was appointed as Director.
Appointed
Sheetanshu Tyagi was appointed as Director.
Incorporation
02 Feb 2022
Mestis Energy Private Limited was registered on 02 Feb 2022 with Roc Bangalore & aged 4 years 9 months as per MCA records.
Frequently asked questions
Mestis Energy is an active private limited company based in Bangalore, Karnataka, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 02 February 2022 (4+ years old) and is registered under CIN U31509KA2022PTC157417.
Mestis Energy has 2 current directors:
- Sheetanshu Tyagi - Director
- Rahul Ratilal Patel - Director
The latest financial statements of Mestis Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Mestis Energy is 29AAPCM4219H1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Mestis Energy is U31509KA2022PTC157417. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mestis Energy has 8 court cases on record: 6 filed by the company and 2 filed against it. 6 are pending. Most are in the high courts.
Mestis Energy was incorporated on 02 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
Mestis Energy has 7 deals on record (6 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹122.71 Cr; the latest was in June 2026.
Rahul Ratilal Patel was appointed as Director on 02 Feb 2022. Sheetanshu Tyagi was appointed as Director on 02 Feb 2022.
Yes, Mestis Energy is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Mestis Energy is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0139771).
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