About Metarain Distributors Private Limited
Data last updated:
Metarain Distributors Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Api Holdings Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 27 August 2014.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2014PTC076073. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹9.5 Cr and a paid-up capital of ₹1.21 Cr. It was formerly known as Metarain Distribution Private Limited and Metarain Software Solutions Private Limited. It was led by directors including Kshitij Ladia and Ashish Kumar Somani.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹8.04 Cr, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹12.85 Cr (net margin -159.8%) and EBITDA of -₹5.79 Cr (EBITDA margin -72%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years.
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: MetaRain and Myra Medicines. As per MCA filings, the company had satisfied charges of ₹50 Lakh on record. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹77.22 Cr; the latest was in January 2021. Its 4 peer companies in the Pharma industry (Online Service Providers, Pharma Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 3 smaller; the largest is Bsa Tradex Private Limited with revenue of ₹8.06 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2022, listing 727 overdue payments to 22 micro and small suppliers.
The last known website on record is myramed.in.
Company details
Name history
Metarain Distributors has undergone 4 name changes throughout its history. The current legal name is Metarain Distributors Private Limited.
| Company Name | Status |
|---|---|
| Metarain Distributors Private Limited | Current |
| Metarain Distribution Private Limited | Previous |
| Metarain Software Solutions Private Limited | Previous |
| Metarain Healthcare Private Limited | Previous |
| Metarain Distributor Private Limited | Previous |
Contact details
Metarain Distributors Private Limited's registered office is in Bangalore, Karnataka. Its website is myramed.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressNo 309/1 4th Floor Survey No. 1352 Cmc No. 468 Bbmp No. 18 Roopena Agarahara Near Silk, Board, Bangalore, Karnataka, India – 560068
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Metarain Distributors Private Limited, buy the company report.
- 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
Brands
Metarain Distributors operates two associated brands: MetaRain and Myra Medicines. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Photo sharing apps are developed by MetaRain mobile studio. | metarain.com | |
| Medicines and care products are ordered through a mobile app. | myramed.in |
Business activity
The main business activity of Metarain Distributors is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Metarain Distributors Private Limited, buy the company report.
Financials of Metarain Distributors Private Limited
FY 2022 filings availableMetarain Distributors Private Limited reported revenue of ₹8.04 Cr (down 61% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 45% over three years, including a 61% fall in the latest year. EBITDA fell 1% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹8.04 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.85 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -72% | ||||
| Net Profit Margin | -159.8% | ||||
| 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 Metarain Distributors Private Limited, buy the company report.
Board of directors of Metarain Distributors Private Limited
Metarain Distributors has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kshitij Ladia | Director | 07 Sep 2021 | 5 Years 1 Months | As last reported |
| Ashish Kumar Somani Also directs: Mukund Agritech & Research Private Limited | Director | 20 Dec 2019 | 6 Years 10 Months | As last reported |
| Devansh Joshi Mukundray Also directs: Mukund Agritech & Research Private Limited | Director | 20 Dec 2019 | 6 Years 10 Months | As last reported |
Peer comparison
Metarain Distributors Private Limited is compared with the 4 companies closest to it by revenue in the Pharma industry (Online Service Providers, Pharma Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bsa Tradex Private Limited | ₹8.06 Cr (FY 2025) | -12.0% | Delhi, India | |||
| Metarain Distributors Private Limitedthis company | ₹8.04 Cr (FY 2022) | -₹12.85 Cr | -159.8% | -61.0% | 2 | Bangalore, Karnataka, India |
| Kma Pharma Private Limited | ₹8.03 Cr (FY 2024) | -17.0% | Noida, Uttar Pradesh, India | |||
| Avian Remedies Limited | ₹8.03 Cr (FY 2025) | -17.0% | New Delhi, Delhi, India | |||
| Kankriya Techno-Chem Private Limited | ₹8.01 Cr (FY 2025) | 180.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Metarain Distributors Private Limited, buy the company report.
Auditor
Metarain Distributors Private Limited is audited by M O J & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M O J & Associates | FY 2022 | 015425S |
Shareholding
The shareholding of Metarain Distributors Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Metarain Distributors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2017 | 100139827 | Others | ₹50 Lakh | Satisfied |
To see the full charge records of Metarain Distributors Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Metarain Distributors Private Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹77.22 Cr; the latest was in January 2021.
Deals on record (4 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: Medlife International Private Limited Seller: VY Capital |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: Medlife International Private Limited Seller: 2 individuals |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: Medlife International Private Limited Seller: Skites India LLP , 3 individuals |
| Jan 2017 | Funding round · Series A | ₹42.84 Cr | Investors: Z47 (Matrix Partners India), VY Capital, 2 individuals |
To see the full deal history of Metarain Distributors 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
No court or tribunal cases involving Metarain Distributors 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
Metarain Distributors Private Limited has 6 MSME Form 1 returns on record between 2019 and 2022, listing 727 overdue payments to 22 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 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| As Per Annexure | |||
| Jain Pharmaceuticals Distributors | |||
| an individual supplier | |||
| Indiabulls Pharmaceuticals Limited | |||
| Mahaveer Medicare |
To see the full MSME payment records of Metarain Distributors Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Metarain Distributors Private Limited has a workforce of 2 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Metarain Distributors has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Metarain Distributors Private Limited, buy the company report.
Recent activity
Metarain Distributors Private Limited has 8 board changes on record since 2019: 3 appointments and 5 cessations. The latest: Kshitij Ladia ceased to be Additional Director on 29 Sep 2022.
1 earlier event is in the company report.
News
Frequently asked questions
Metarain Distributors has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Metarain Distributors was a private limited company based in Bangalore, Karnataka, India. The company worked in online service marketplaces, within the internet industry. It was incorporated on 27 August 2014 and is registered under CIN U74900KA2014PTC076073. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Metarain Distributors was incorporated on 27 August 2014. It is registered with the Registrar of Companies, Bangalore.
Metarain Distributors had 3 directors:
- Kshitij Ladia - Director
- Ashish Kumar Somani - Director
- Devansh Joshi Mukundray - Director
The CIN (Corporate Identification Number) of Metarain Distributors is U74900KA2014PTC076073. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Metarain Distributors is at No 3091 4th Floor Survey No. 1352 Cmc No. 468 Bbmp No. 18 Roopena Agarahara Near Silk, Board, Bangalore, Karnataka, India – 560068.
Metarain Distributors can be reached through the website myramed.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Metarain Distributors on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
No. Metarain Distributors has 2 GST registrations on record and all of them are cancelled or inactive.
Metarain Distributors operated in the internet industry, in the online service marketplaces segment.
Metarain Distributors has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹77.22 Cr; the latest was in January 2021.
The peers of Metarain Distributors by revenue are Bsa Tradex Private Limited, Kma Pharma Private Limited, Avian Remedies Limited, Kankriya Techno-Chem Private Limited, all in the Pharma industry (Online Service Providers, Pharma Retail and Distribution), with the same principal business activity (wholesale trading).