Myelin Foundry Private Limited

Myelin Foundry Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U74999KA2019PTC120581 Incorporated 21 January 2019 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company information technology DPIIT Startup MSME · Micro
Data last updated
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
₹5.04 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
2
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 ₹5.04 Cr and a paid-up capital of ₹4.19 Lakh. It is led by directors Gopichand Katragadda and Rabindra Srikantan.

Its last annual general meeting (AGM) was held on 04 September 2026, and its latest financial statements are for the year ended 31 March 2026. 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 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0116853
Key People
Gopichand Katragadda Director Rabindra Srikantan Nominee Director

Recognitions & Rankings of Myelin Foundry

DPIIT recognised startup Government of India
Startup India
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 South, Karnataka. Its website is myelinfoundry.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    myelinfoundry.com
  • Social Media
  • Registered Address
    Brigade Padmini Tech Valley Cloud Block 2nd Floor 201, Opposite D – Mart Siddapura Varthur Road Brookfield, Bangalore, Karnataka, India – 560066
  • Industry
    Information 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Myelin Foundry operates one associated brand: Myelin Foundry. Each brand links to its own profile.

BrandDescriptionWebsite
Myelin Foundry
Deep tech startup that leverages artificial intelligence to transform human experiencesmyelinfoundry.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 codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ6Computer 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 2026 filings available

Myelin 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-₹7.36 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹7.61 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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
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 Myelin Foundry Private Limited, buy the company report.

Board of directors of Myelin Foundry Private Limited

Myelin Foundry has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Gopichand Katragadda
Also directs: Asian Paints Limited, Bosch Limited, Icici Securities Limited
Director21 Jan 20197 Years 9 MonthsCurrent
Rabindra Srikantan
Also directs: RV Forms & Gears LLP, Deccan Cements Limited, Asm Technologies Limited and 2 more
Nominee Director06 Aug 20260 Years 2 MonthsCurrent
View all directors

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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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%41Bangalore, 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 firmFinancial yearFirm registration number
B K Ramadhyani and Co LLPFY 2023002878S/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 categoryFY 2023FY 2022FY 2021FY 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)

WhenDealAmountParties
Feb 2026Secondary share transferUndisclosedBuyer: Asm Technologies Limited
May 2024Funding round₹33.4 CrInvestors: Pratithi Investments, Endiya Partners, SIDBI Ventures, an individual
Jan 2023Funding round · Series A₹22.8 CrInvestors: Visteon Netherlands Holdings I Cooperatief UA, Eureka Commodity Brokerage Private Limited , Endiya Partners, an individual
Mar 2022Secondary share transferUndisclosedBuyer: 4 individuals
Seller: an individual
May 2019Rights issue₹3.04 CrInvestors: 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.

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)

SupplierAmount dueDue sinceReported 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
GSTINStateStatusRegistered on
29AAMCM3796N1ZEKarnatakaActive01 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 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Rabindra Srikantan was appointed as Nominee Director on 06 Aug 2026.

AGM
Myelin Foundry Private Limited last Annual general meeting of members was held on 04 Sep 2026 as per latest MCA records.
Appointed
Rabindra Srikantan was appointed as Nominee Director.
Filing
Myelin Foundry Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
Ceased
Debraj Banerjee ceased to be Nominee Director.
Ceased
Ganesh Suryanarayanan ceased to be 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 2 current directors:

The latest financial statements of Myelin Foundry on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 04 September 2026. 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).

Rabindra Srikantan was appointed as Nominee Director on 06 Aug 2026. Debraj Banerjee ceased to be Nominee Director on 22 Nov 2024. Ganesh Suryanarayanan ceased to be Director on 21 May 2020. Myelin Foundry has 4 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).