About Metenere Limited
Data last updated:
Metenere Limited was a public limited company based in New Delhi, Delhi, India, operated as a subsidiary of Metenere (Global) 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 waste management and recycling solutions segment of the environmental services sector. It was incorporated on 04 February 1997.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U27107DL1997PLC084906. Its GSTIN is 02AAACM8484F1ZK (Himachal Pradesh). The company held 10 GST registrations, of which 3 are active.
The company had an authorised share capital of ₹62 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Met Trade (India) Limited. It was led by directors including Sraban Munian and Bapi Samanta.
Its last annual general meeting (AGM) was held on 18 January 2023, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 138 – 139 Main Road Gazipur, New Delhi, Delhi, India – 110096.
As per the financials filed for FY 2021, the company reported a revenue of ₹41.6 Cr, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹395.01 Cr and EBITDA of -₹368.51 Cr. Revenue has declined at a compounded annual rate (CAGR) of 62% over three years and 63% over five years.
The company had about 35 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹2,146.52 Cr and satisfied charges of ₹2,485.33 Cr on record. Court records list 230 cases involving the company, including 132 filed by the company and 98 filed against it; 20 cases are pending. The company has 14 deals on record (7 secondary share transfers, 6 funding rounds, 1 acquisition), with disclosed funding of ₹185.36 Cr; the latest was in April 2019. Its 5 peer companies in the Metals and Minerals industry (Metals, Recycling and Waste Treatment), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 3 smaller; the largest is Allied Hti Private Limited with revenue of ₹42.19 Cr.
The last known website on record is metenere.com.
Company details
Contact details
Metenere Limited's registered office is in New Delhi, Delhi. Its website is metenere.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address138 – 139 Main Road Gazipur, New Delhi, Delhi, India – 110096
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Metenere 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
Business activity
The main business activity of Metenere is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Metenere Limited, buy the company report.
Financials of Metenere Limited
FY 2021 filings availableMetenere Limited reported revenue of ₹41.6 Cr (down 84% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years, including a 84% fall in the latest year. EBITDA rose 36% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹368.51 Cr | ||||
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| Net Profit (PAT) | -₹395.01 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Metenere Limited, buy the company report.
Board of directors of Metenere Limited
Metenere has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sraban Munian Also directs: Easternrange Coal Mining Private Limited, Rashmi Forgings India Private Limited, Orissa Metaliks Private Limited and 3 more | Director | 25 Oct 2024 | 2 Years 0 Months | As last reported |
| Bapi Samanta Also directs: Easternrange Coal Mining Private Limited, Rashmi Forgings India Private Limited, Orissa Metaliks Private Limited and 3 more | Director | 25 Oct 2024 | 2 Years 0 Months | As last reported |
| Pulak Chakraborty | Director | 25 Oct 2024 | 2 Years 0 Months | As last reported |
Peer comparison
Metenere Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Metals, Recycling and Waste Treatment), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Allied Hti Private Limited | ₹42.19 Cr (FY 2024) | 48.0% | New Delhi, Delhi, India | |||
| Kalliyath Metals and Alloys Private Limited | ₹41.84 Cr (FY 2024) | 84.0% | Ernakulam, Kerala, India | |||
| Metenere Limitedthis company | ₹41.6 Cr (FY 2021) | -₹395.01 Cr | -84.0% | 35 | New Delhi, Delhi, India | |
| VRK Alumart Private Limited | ₹41.51 Cr (FY 2023) | 327778.0% | Tijara, Rajasthan, India | |||
| Saaketh Iron Industries Private Limited | ₹41.44 Cr (FY 2025) | 14.0% | Hyderabad, Telangana, India | |||
| Greentech Minerals Private Limited | ₹41.16 Cr (FY 2024) | -4.0% | Seraikella Kharsawan, Jharkhand, India |
To see the full peer comparison of Metenere Limited, buy the company report.
Auditor
Metenere Limited is audited by DAVER SIKRI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DAVER SIKRI & CO | FY 2020 | 007884N |
Shareholding
The shareholding of Metenere Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Metenere Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2016 | 100028608 | Idbi Bank Limited | ₹217 Cr | Satisfied | |
| 30 Sep 2015 | 10597242 | Punjab National Bank | ₹7.5 Cr | Satisfied | |
| 07 Nov 2014 | 10540024 | Bank of India | ₹10 Cr | Satisfied | |
| 10 Sep 2014 | 10523217 | Vijaya Bank | ₹85 Cr | Satisfied | |
| 31 Mar 2014 | 10489927 | Punjab National Bank | ₹17 Cr | Satisfied |
To see the full charge records of Metenere Limited, buy the company report.
Total charge records: 53 View all charges
Deals & funding
Metenere Limited has 14 deals on record (7 secondary share transfers, 6 funding rounds, 1 acquisition), with disclosed funding of ₹185.36 Cr; the latest was in April 2019.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: Raman Gupta Foundation, 3 individuals Seller: Mahajan Family Welfare Trust, Amardevi Family Welfare Trust, 2 individuals |
| Jan 2016 | Funding round | ₹12.6 Cr | Investors: Metenere (Global) Limited , Millennium Metal Trading LLC |
| Mar 2015 | Funding round | ₹34.43 Cr | Investors: Metenere (Global) Limited |
| Dec 2012 | Secondary share transfer | Undisclosed | Buyer: Metenere (Global) Limited Seller: Pasa Investment and Leasing Private Limited , Gupta Pigments Private Limited |
| Mar 2012 | Funding round | ₹100.17 Cr | Investors: Metenere (Global) Limited |
To see the full deal history of Metenere 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
Metenere Limited has 230 court cases on record: 132 filed by Metenere, 98 filed against it. 20 cases are pending and 210 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 125 | 56 | 3 |
| High courts | 74 | 19 | 15 |
| NCLAT | 21 | 21 | 0 |
| NCLT | 6 | 0 | 1 |
| Supreme Court | 4 | 2 | 1 |
Cases on record (5 of 230)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed against the company by Indian Bank | Pending |
| High Court, HARYANA | Appeal | Filed against the company by United India Insurance Co.Ltd. | Pending |
| District court, East, Delhi | Criminal case | Filed against the company by M/S CJ Darcl Logistics Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by National Asset Reconstruction Company Limited | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by National Asset Reconstruction Company Limited | Disposed |
To see the full case history of Metenere 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.
Credit ratings & regulatory alerts
Metenere Limited was last rated by Crisil on 02 Aug 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 02 Aug 2017 |
To see the full credit ratings and regulatory alerts of Metenere Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Metenere Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Metenere has 2 associated companies. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
Employees & EPFO
Metenere Limited has a workforce of 35 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Metenere has 10 GST registrations: 3 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAACM8484F1ZK | Himachal Pradesh | Active | 01 Jul 2017 |
| 06AAACM8484F1ZC | Haryana | Active | 01 Jul 2017 |
| 09AAACM8484F1Z6 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Metenere Limited, buy the company report.
Recent activity
Metenere Limited has 22 board changes on record since 2007: 3 appointments and 19 cessations. The latest: Bapi Samanta was appointed as Director on 25 Oct 2024.
143 earlier events are in the company report.
Frequently asked questions
Metenere 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.
Metenere was a public limited company based in New Delhi, Delhi, India. The company worked in waste management and recycling solutions, within the environment industry. It was incorporated on 04 February 1997 and is registered under CIN U27107DL1997PLC084906. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Metenere was incorporated on 04 February 1997. It is registered with the Registrar of Companies, Delhi.
Metenere had 3 directors:
- Sraban Munian - Director
- Bapi Samanta - Director
- Pulak Chakraborty - Director
The CIN (Corporate Identification Number) of Metenere is U27107DL1997PLC084906. 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 Metenere is at 138 – 139 Main Road Gazipur, New Delhi, Delhi, India – 110096.
Metenere can be reached through the website metenere.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Metenere on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 18 January 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Metenere is 02AAACM8484F1ZK, registered in Himachal Pradesh. The company has 10 GST registrations in all, of which 3 are active and 7 are cancelled or inactive. Other active GSTINs include 06AAACM8484F1ZC (Haryana), 09AAACM8484F1Z6 (Uttar Pradesh).
Metenere operated in the environment industry, in the waste management and recycling solutions segment.
Metenere has 14 deals on record (7 secondary share transfers, 6 funding rounds, 1 acquisition), with disclosed funding of ₹185.36 Cr; the latest was in April 2019.