About Matrix
Matrix is a company based in Chennai (India) founded in 2003 by Gopalan Viswanathan was acquired by UDS in May 2019. It operates as a Professional Services and Managed Services. Matrix has raised $15.86 million across 4 funding rounds from investors including UDS, Motilal Oswal Private Equity and ICICI Venture. The company has 1,436 employees as of April 09, 2024. Matrix offers products and services including Background Verification, Supply Chain Audits, and Rapid Verify.
- Headquarter Chennai, India
- Employees 1436 as on 09 Apr, 2024
- Founders Gopalan Viswanathan
- Stage Minicorn
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Sectors
Business Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Matrix Business Services India Private Limited
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$15.05 M (USD)18.89as on Mar 31, 2023
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Net Profit
$2.53 M (USD)5.32as on Mar 31, 2023
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EBITDA
$3.92 M (USD)15.43as on Mar 31, 2023
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Total Equity Funding
$15.86 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series A
Feb 01, 2017
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Investors
UDS
& 5 more
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Employee Count
1436
as on Apr 09, 2024
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Acquired by
UDS
(May 01, 2019)
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Products & Services of Matrix
Matrix offers a comprehensive portfolio of products and services, including Background Verification, Supply Chain Audits, and Rapid Verify.
Background checks are conducted for employee verification purposes.
Audits are performed to ensure supply chain integrity.
Tech solution is provided for rapid background checks.
People of Matrix
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Funding Insights of Matrix
Matrix has successfully raised a total of $15.86M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in February 2017. 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.
Investors in Matrix
Matrix has secured backing from 6 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include UDS, Motilal Oswal Private Equity and ICICI Venture.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm focused on growth stage companies
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Alternative asset management and investment services in India.
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Integrated business services are provided across diverse sectors in India.
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Locked | Locked | Locked |
Investor details for Matrix
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Investments & Acquisitions by Matrix
Investment portfolio details for Matrix
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Financial Statements - Matrix
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Matrix Comparisons
Peer comparison for Matrix
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Competitors of Matrix
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Latest news on Matrix
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Frequently Asked Questions about Matrix
Matrix was founded in 2003 and raised its 1st funding round 1 year after it was founded.
Matrix is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Medona David is the current CEO of Matrix.
Matrix is a funded company, having raised a total of $15.86M across 4 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Matrix is 1,436.
Annual revenue of Matrix is $15.05M as on Mar 31, 2023.
Matrix Business Services India Private Limited is established as Indias largest integrated business assurance company. Services are provided in areas such as background verification, supply chain audits, and fixed asset verification. The company operates across multiple sectors, focusing on risk mitigation for employees, vendors, and channel partners. Tech-enabled solutions like Rapid Verify are offered to enhance efficiency and transparency. Support is extended to back-end transaction processing and data mining, ensuring comprehensive business performance. Collaboration is maintained with clients for sustainable outcomes through a holistic 3P approach covering People, Product, and Process.
Matrix offers Background Verification, Supply Chain Audits, and Rapid Verify.
Matrix has 6 investors. Key investors include UDS, Motilal Oswal Private Equity, ICICI Venture, Kotak Mahindra Investments, and Raghunandana Tangirala.
The valuation of Matrix is $1.29M as of Jul 2008.