About Matrix Cellular Services
Matrix Cellular Services is a Telecommunications company based in Delhi (India) founded in 2005. SIM cards, Forex cards, and travel insurance are provided. Matrix Cellular Services has raised $46.72 million across 4 funding rounds from investors including PREMIER SINGAPORE HOLDINGS, CX Partners and Aleta. Matrix Cellular Services was last valued at $24.58 million in April 2019. Its chief executive, as recorded, is Manjit Singh Dugal. Its website matrix.in draws about 164 thousand monthly visits. Its Indian entity Matrix Cellular Services Private Limited reported revenue of ₹99.2 Lakh. Its focus areas include Telecom, Telecom Operators, Cellular and MVNO.
Company details
Matrix Cellular Services was established in 2005 and is headquartered in Delhi, India. Operations center on telecommunications and travel-related financial services, with offerings that include SIM cards for mobile connectivity, Forex cards for international currency exchange, and travel insurance policies. The company serves customers primarily in the Indian market, supporting both domestic and international travel needs through its domain matrix.in. Leadership is provided by CEO Manjit Singh Dugal.
- Headquarters Delhi, India
- Stage Minicorn
- SectorsTelecommunications
- Website category Travel and Tourism
- Email••••••••
- Phone•••• ••••
- Website matrix.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Matrix Cellular Services Private Limited
- Date of Incorporation 17 Nov, 1999
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹99.2 Lakh
FY 2019
- Net Profit₹95.6 Lakh
FY 2019 · 96% margin
- EBITDA-₹5.1 Lakh
FY 2019 · -5% margin
- Total Equity Funding$46.72M (USD)
in 4 rounds
- Latest Funding Round$2.77M (USD), Seed
Apr 2019
- InvestorsPREMIER SINGAPORE HOLDINGS
& 3 more
Associated legal entities of Matrix Cellular Services
Matrix Cellular Services is associated with 4 registered companies on The Company Check; the primary company is Matrix Cellular Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Matrix Cellular Services Private Limited CIN U64120DL1999PTC102444 | Active | 17 Nov 1999 | New Delhi, Delhi | ₹1.0 Cr | 2 | View details | |
| Matrix Cellular (International) Services Private Limited CIN U64202DL2005PTC142628 | Active | 17 Nov 2005 | New Delhi, Delhi | ₹100 Cr | 20 | 5 | View details |
| Matrix Forex Services Private Limited CIN U74920DL2010PTC205917 | Active | 15 Jul 2010 | New Delhi, Delhi | ₹7.3 Cr | 18 | 4 | View details |
| Matrix Telesolutions Private Limited CIN U64202DL2010PTC202522 | Active | 11 May 2010 | New Delhi, Delhi | ₹0.0 Cr | 2 | View details |
Apps and channels of Matrix Cellular Services
its YouTube channel Matrix Cellular has 714 subscribers and 30 videos.
Videos from Matrix Cellular Services
The most watched videos on Matrix Cellular Services's YouTube channel, Matrix Cellular (714 subscribers). Click a video to play it here.
More on Matrix Cellular.
Funding Insights of Matrix Cellular Services
Matrix Cellular Services has successfully raised a total of $46.72M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.77 million completed in April 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $46.72M
- Total Rounds 4
- Last Round Seed — $2.77M
- First Round $7.43M
(Oct 2009)
- Investors Count 4
All 4 funding rounds of Matrix Cellular Services with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2019 | $2.77M | Seed | $24.58M | PREMIER SINGAPORE HOLDINGS | – |
| Mar 2011 | $30M | Private Equity Round | – | – | |
| Feb 2011 | $6.52M | Seed | $94.59M | Aleta | – |
| Oct 2009 | $7.43M | Seed | $••••• | Bennett, Coleman | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2019 | $24.58M | •••••••• |
| Feb 2011 | $94.59M | •••••••• |
| Oct 2009 | $••••• | •••••••• |
Full valuation and stage history of Matrix Cellular Services
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $24.58M (Apr 2019). 4 investors in total: 4 institutional.
Investors in Matrix Cellular Services
Matrix Cellular Services has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include PREMIER SINGAPORE HOLDINGS, CX Partners and Aleta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on multiple sectors | premiersingaporeholdings.tcc.mode | Singapore, Singapore | ||
Private equity investments in India are managed by CX Partners. | cxpartners.in | Delhi, India | ||
| aleta.tcc.mode | ||||
Printed newspapers are published by Bennett, Coleman in India. | bccl.in | Mumbai, India |
Investor details for Matrix Cellular Services
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Board of directors of Matrix Cellular Services Private Limited (Matrix Cellular Services)
Matrix Cellular Services Private Limited is the primary company behind Matrix Cellular Services. The boards of the 4 registered companies of Matrix Cellular Services currently have 4 directors; the longest-serving is Gagan Deep Singh Dugal, appointed in 1999. 35 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gagan Deep Singh Dugal DIN 00513181 | Director | 17 Nov 1999 | 26 yrs 11 mo | Matrix Cellular Services Private Limited, Matrix Telesolutions Private Limited, Matrix Cellular (International) Services Private Limited |
| Har Mohina Dugal DIN 10060023 | Director | 24 Jan 2025 | 1 yr 9 mo | Matrix Cellular (International) Services Private Limited, Matrix Forex Services Private Limited |
| Seerat Kaur DIN 11013917 | Director | 08 Apr 2025 | 1 yr 6 mo | Matrix Forex Services Private Limited |
| Padam Bhushan Bindal DIN 11058493 | Additional Director | 16 Apr 2025 | 1 yr 6 mo | Matrix Cellular Services Private Limited, Matrix Telesolutions Private Limited |
People of Matrix Cellular Services
31 people are tracked at Matrix Cellular Services (7 in leadership, 24 in team).
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Gaurav Khanna | CEO | Leadership |
Aseem Arora | Chief Information Officer | Leadership |
Amar Thacker | Senior Vice President Of Sales & Marketing | Leadership |
Sherman Roy | Assistant Vice President | Leadership |
Naman Sharma | Deputy General Manager - IT | Leadership |
Gaurav Suri | Vice President | Leadership |
Hemant Daryani | Business Development Executive | Team |
Ni N | Business Development (international Sales) | Team |
Ratnesh Rai | Business Development Executive | Team |
Sumit Kumar Singh | Manager Sales | Team |
Aditya Sardar | Sales executive | Team |
Zeeshan Khan | Senior Business Development Executive | Team |
Mandeep Sagar | Sales Associate | Team |
Dhanasekaran Subramaniam | Sales | Team |
Ruhi Ali | Senior Sales Executive | Team |
Fahad Khan | SR BDE | Team |
Rachit Kapoor | Administrator | Team |
Rishabh Satyam | Asst Manager | Team |
Nidhi Sharma | Business Development | Team |
11 more people are available in the full profile.
Complete people profiles for Matrix Cellular Services
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Financials of Matrix Cellular Services
Figures of Matrix Cellular Services Private Limited, the primary company behind Matrix Cellular Services, for FY 2019. Revenue was ₹99.2 Lakh. Net profit was ₹95.6 Lakh (96% margin). EBITDA was -₹5.1 Lakh (-5% margin). Revenue has grown at a compounded annual rate of -42% over three years and +53% over five years.
- ₹99.2 LakhRevenue · FY 2019
- ₹95.6 LakhNet profit · 96% margin
- -₹5.1 LakhEBITDA · -5% margin
- ₹2.75 CrPaid-up capital
- -42%Revenue CAGR, 3 years
- +53%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Matrix Cellular Services Private Limited are on its company page.
Detailed financial statements for Matrix Cellular Services
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Matrix Cellular Services
4 dated milestones of Matrix Cellular Services across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Matrix Cellular Services is founded.
- Funding First funding round of $7.4M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.8M.
Web traffic of Matrix Cellular Services
The website of Matrix Cellular Services (matrix.in) receives about 163.7K visits a month and ranks #235,766 among all websites worldwide, #6,810 in Travel and Tourism.
- Monthly visits163.7K
▲ 7.7% vs previous month
- Unique visitors85.2K
per month
- Global rank#235,766
among all websites
- Category rank#6,810
Travel and Tourism · Travel and Tourism
- Bounce rate40%
- Pages per visit3.2
- Average visit1 min 15 sec
- DevicesDesktop 23% · Mobile 77%
Websites whose visitors overlap most with Matrix Cellular Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tsim.in | 100% | #429,590 | View details | ||
| makemytrip.com | 73% | 42.1M | #791 | View details | |
| uniconnect.in | 69% | 2K | #6,150,485 | View details | |
| travelsim.com | 58% | #656,227 | View details | ||
clay.co.in | clay.co.in | 57% | #14,272,814 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Matrix Cellular Services
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Related news about Matrix Cellular Services
Complete news archive for Matrix Cellular Services
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Frequently Asked Questions about Matrix Cellular Services
Matrix Cellular Services was founded in 2005 and raised its 1st funding round 4 years after it was founded.
Matrix Cellular Services is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Manjit Singh Dugal is the CEO of Matrix Cellular Services, as recorded in our data.
Matrix Cellular Services is a funded company, having raised a total of $46.72M across 4 funding rounds to date. The company's 1st funding round was a Seed of $7.43M, raised on Oct 2009.
The primary company behind Matrix Cellular Services, Matrix Cellular Services Private Limited, reported revenue of ₹99.2 Lakh for FY 2019.
Matrix Cellular Services was established in 2005 and is headquartered in Delhi, India. Operations center on telecommunications and travel-related financial services, with offerings that include SIM cards for mobile connectivity, Forex cards for international currency exchange, and travel insurance policies. The company serves customers primarily in the Indian market, supporting both domestic and international travel needs through its domain matrix.in. Leadership is provided by CEO Manjit Singh Dugal.
Matrix Cellular Services has 4 investors. Key investors include PREMIER SINGAPORE HOLDINGS, CX Partners, Aleta, and Bennett, Coleman.
The valuation of Matrix Cellular Services is $24.58M as of Apr 2019.
Matrix Cellular Services is associated with 4 legal entities: Matrix Cellular Services Private Limited, Matrix Telesolutions Private Limited, Matrix Cellular (International) Services Private Limited and others.
The legal entities of Matrix Cellular Services currently have 8 directors, including Gagan Deep Singh Dugal, Padam Bhushan Bindal, Chhavi Agrawal and others.
The website of Matrix Cellular Services receives about 164 thousand visits a month and ranks #235,766 among all websites worldwide.