About Matrix-Geo
Matrix-Geo is a publicly listed company based in Delhi (India) founded in 2008 by Rahul Jain. Drone-based services for enterprises are developed by Matrix-Geo. Matrix-Geo has raised $1 million across 1 funding round from investors including Chittorgarh Infotech, Viney Equity Market and Tryrock. The company has 22 employees. Its Indian entity Matrix Geo Solutions Limited reported revenue of ₹41.47 Cr. Matrix-Geo offers products and services including Drone-as-a-Service, Aerial Survey, and Geospatial Consultancy. Its focus areas include High Tech, Drones, Tech Enabled Services and Aerial Surveying. Its competitors include Aereo and Thanos; 1 of its 2 listed competitors has raised funding.
Company details
Matrix Geo Solutions develops drone-based services for enterprises. Its offering includes LiDAR-M which is a light detection and data processing software built on Microsoft .NET technology. Its features include cloud points accurately in different cross-sectional views, allows multiple data files in inputoutput formats that include (ASCII, TerraScan Bin, ASPRS LAS, and DXF), and CAD software is built into the interface. Its use cases are aerial photography, asset inspection, Lidar survey and more.
- Headquarters Delhi, India
- Employees 22
- Founders Rahul Jain
- Stage Public
- SectorsAerospace, Defense & Maritime
- Email••••••••
- Phone•••• ••••
- Website matrix-geo.com
- Social LinkedIn Facebook Instagram
- Legal Name Matrix Geo Solutions Ltd.
- Market Cap₹79.84 Cr
MGSL-SM · NSE
- Share Price₹46.35
-15.34% today
- Revenue₹40.10 Cr
FY 2025-26 · +81.5% YoY
- EBITDA₹13.48 Cr
Margin 33.6%
- Net Profit₹10.04 Cr
FY 2025-26 · +72.8% YoY
- P/E (TTM)7.2x
P/B 1.1x
- ROE23.1%
ROCE 30.3%
- Debt / Equity0.04
Interest cover 3.0x
- Total Equity Funding$1M (USD)
in 1 rounds
- Latest Funding Round$1M (USD), Seed
Nov 2024
- InvestorsChittorgarh Infotech
& 2 more
- Employee Count22
Associated legal entities of Matrix-Geo
Matrix-Geo is associated with 2 registered companies on The Company Check; the primary company is Matrix Geo Solutions Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Matrix Geo Solutions Limited Listed CIN L74909DL2008PLC180850 | Active | 14 Jul 2008 | New Delhi, Delhi | ₹41.5 Cr | 22 | 8 | View details |
| Matrix Geo Solutions Private Limited CIN U74909DL2008PTC180850 | 14 Jul 2008 | Delhi, India | View details |
Products & Services of Matrix-Geo
Matrix-Geo offers a comprehensive portfolio of products and services, including Drone-as-a-Service, Aerial Survey, and Geospatial Consultancy.
Provides drone services for aerial surveys and monitoring.
Delivers drone-based mapping for precise infrastructure analysis.
Offers remote sensing advice for data-driven decisions.
Funding Insights of Matrix-Geo
Matrix-Geo has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in November 2024. 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 $1M
- Total Rounds 1
- Last Round Seed — $1M
- First Round $1M
(Nov 2024)
- Investors Count 3
All 1 funding rounds of Matrix-Geo 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 |
|---|---|---|---|---|---|
| Nov 2024 | $1M | Seed | – | Chittorgarh Infotech, Viney Equity Market | – |
3 investors in total: 3 institutional.
Investors in Matrix-Geo
Matrix-Geo has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Chittorgarh Infotech, Viney Equity Market and Tryrock.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in Indian Small and Medium Enterprises across manufacturing and services sectors. | tryrock.com | |||
Serves as an online platform for comparing and reviewing brokers to assist individuals in decision-making. | 2007 | chittorgarh.com | Chittorgarh, India | |
Diversified conglomerate specializing in equity investments, manufacturing, and upscale food services. | 2019 | viney.co.in | Delhi, India |
Investor details for Matrix-Geo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Matrix Geo Solutions Limited (Matrix-Geo)
Matrix Geo Solutions Limited is the primary company behind Matrix-Geo. The board of Matrix Geo Solutions Limited currently have 7 directors; the longest-serving is Amit Sharma, appointed in 2009. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Sharma DIN 02385293 | Whole-time director | 10 Jan 2009 | 17 yrs 10 mo | Matrix Geo Solutions Limited |
| Rahul Jain DIN 03054949 | Managing Director | 03 May 2010 | 16 yrs 6 mo | Matrix Geo Solutions Limited |
| Harshada Kulkarni DIN 02249100 | Whole-time director | 15 Jun 2024 | 2 yrs 4 mo | Matrix Geo Solutions Limited |
| Meenal Jain DIN 10434482 | Whole-time director | 15 Jun 2024 | 2 yrs 4 mo | Matrix Geo Solutions Limited |
| Shashank Garg DIN 10194229 | Director | 10 Dec 2024 | 1 yr 11 mo | Matrix Geo Solutions Limited |
| Atishay Jain DIN 10641809 | Director | 10 Dec 2024 | 1 yr 11 mo | Matrix Geo Solutions Limited |
| Dilip Kumar DIN 10650620 | Director | 10 Dec 2024 | 1 yr 11 mo | Matrix Geo Solutions Limited |
People of Matrix-Geo
1 people are tracked at Matrix-Geo (1 in leadership); the tracked headcount is 22.
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership |
Complete people profiles for Matrix-Geo
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- Full employee list
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- Board tenure
- Professional contacts
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IPO & Listings of Matrix-Geo
Matrix-Geo is a publicly listed company on the NSE with ticker symbol MGSL in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date30 Sep 2025
- Listed onNSE: MGSL
- Listed entityMatrix Geo Solutions Ltd.
- Exchange sectorIndustrial services
- ISININE132901013
- Share price₹57.35 (-2.8% on the day) · 2026-10-14
- Market capitalisation₹86.0 Cr
- Price to earnings8.3
- EPS (diluted, trailing year)₹6.90
- Volume (last session)26,400
Financials of Matrix-Geo
Exchange-reported figures of Matrix Geo Solutions Limited, the listed company behind Matrix-Geo (NSE: MGSL-SM).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 40.10 | 22.09 | 13.69 | 8.81 | 9.82 |
| Revenue growth | +81.5% | +61.4% | +55.4% | -10.3% | - |
| EBITDA | 13.48 | 8.34 | 5.00 | 1.88 | 1.75 |
| EBITDA margin | +33.6% | +37.8% | +36.5% | +21.3% | +17.8% |
| Profit before tax | 13.48 | 7.77 | 4.46 | 1.43 | 1.59 |
| Net profit | 10.04 | 5.81 | 3.35 | 1.10 | 1.26 |
| Net profit margin | +25.0% | +26.3% | +24.5% | +12.5% | +12.8% |
| EPS (₹) | 6.90 | 5.42 | 3,349.90 | 1,092.00 | 1,210.30 |
| Balance sheet | |||||
| Total assets | 67.63 | 23.83 | 13.26 | 9.78 | 7.12 |
| Net worth | 65.49 | 21.76 | 11.38 | 8.03 | 6.93 |
| Total debt | 1.66 | 1.68 | 1.62 | 1.64 | 0.08 |
| Cash & bank | 6.67 | 6.08 | 0.88 | 0.43 | 0.41 |
| Net working capital | 40.04 | 17.34 | 7.66 | 4.49 | 4.08 |
| Cash flow | |||||
| Cash from operations | (10.52) | 1.99 | 2.05 | 0.20 | 0.81 |
| Cash from investing | (22.46) | (1.52) | (1.41) | (1.64) | (0.05) |
| Cash from financing | 33.56 | 4.73 | (0.18) | 1.46 | (0.65) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 40.10 | 22.09 | 13.69 | 8.81 | 9.82 |
| Revenue growth | +81.5% | +61.4% | +55.4% | -10.3% | - |
| Other income | 1.37 | 0.10 | 0.08 | 0.09 | 0.13 |
| Total expenses | 26.62 | 13.75 | 8.69 | 6.93 | 8.07 |
| Employee cost | 4.04 | 3.90 | 2.69 | 2.19 | 1.81 |
| EBITDA | 13.48 | 8.34 | 5.00 | 1.88 | 1.75 |
| EBITDA margin | +33.6% | +37.8% | +36.5% | +21.3% | +17.8% |
| Depreciation | 0.99 | 0.34 | 0.35 | 0.40 | 0.25 |
| Interest | 0.38 | 0.33 | 0.27 | 0.14 | 0.04 |
| Profit before tax | 13.48 | 7.77 | 4.46 | 1.43 | 1.59 |
| Tax | 3.42 | 1.95 | 1.11 | 0.33 | 0.38 |
| Net profit | 10.04 | 5.81 | 3.35 | 1.10 | 1.26 |
| Net profit margin | +25.0% | +26.3% | +24.5% | +12.5% | +12.8% |
| EPS (₹) | 6.90 | 5.42 | 3,349.90 | 1,092.00 | 1,210.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 14.58 | 10.72 | 0.01 | 0.01 | 0.01 |
| Reserves & surplus | 50.91 | 11.04 | 11.37 | 8.02 | 6.92 |
| Shareholders' funds (net worth) | 65.49 | 21.76 | 11.38 | 8.03 | 6.93 |
| Secured loans | 1.66 | 1.68 | 1.62 | 1.64 | 0.08 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 1.66 | 1.68 | 1.62 | 1.64 | 0.08 |
| Total liabilities | 67.63 | 23.83 | 13.26 | 9.78 | 7.12 |
| Assets | |||||
| Gross block | 6.99 | 5.65 | 4.63 | 4.16 | 1.96 |
| Net block | 4.63 | 3.94 | 2.66 | 2.54 | 0.75 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 20.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| Inventories | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 |
| Sundry debtors | 37.65 | 11.97 | 8.09 | 6.93 | 9.67 |
| Cash & bank balances | 6.67 | 6.08 | 0.88 | 0.43 | 0.41 |
| Loans & advances | 5.31 | 5.23 | 2.06 | 1.88 | 0.89 |
| Total current assets | 49.63 | 23.28 | 11.06 | 9.24 | 10.97 |
| Total current liabilities | 9.59 | 5.94 | 3.40 | 4.75 | 6.89 |
| Net working capital | 40.04 | 17.34 | 7.66 | 4.49 | 4.08 |
| Total assets | 67.63 | 23.83 | 13.26 | 9.78 | 7.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 6.08 | 0.88 | 0.43 | 0.41 | 0.30 |
| Net cash from operating activities | (10.52) | 1.99 | 2.05 | 0.20 | 0.81 |
| Net cash from investing activities | (22.46) | (1.52) | (1.41) | (1.64) | (0.05) |
| Net cash from financing activities | 33.56 | 4.73 | (0.18) | 1.46 | (0.65) |
| Net change in cash | 0.58 | 5.20 | 0.46 | 0.02 | 0.11 |
| Closing cash | 6.67 | 6.08 | 0.88 | 0.43 | 0.41 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +81.5% | +61.4% | +55.4% | -10.3% | - |
| EBITDA growth | +61.6% | +66.8% | +166.0% | +7.4% | - |
| PBT growth | +73.5% | +74.2% | +211.9% | -10.1% | +9997.0% |
| Net income growth | +72.8% | +73.4% | +204.6% | -12.7% | - |
| Revenue CAGR (3Y) | +65.7% | +31.0% | - | - | - |
| EBITDA CAGR (3Y) | +92.8% | +68.3% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +25.1% | +26.4% | +24.5% | +12.5% | +12.3% |
| Return on capital employed | +30.3% | +43.6% | +41.0% | +18.6% | +22.8% |
| Return on net worth | +23.1% | +35.1% | +34.5% | +14.6% | +17.5% |
| Debt / equity | 0.04 | 0.10 | 0.17 | 0.12 | 0.01 |
| Long-term debt / equity | 0.04 | 0.09 | 0.16 | 0.11 | 0.01 |
| Interest cover | 3.04 | 4.13 | 5.81 | 9.46 | 2.67 |
| Efficiency & per share | |||||
| Fixed asset turnover | 6.34 | 4.30 | 3.11 | 2.88 | 5.01 |
| Inventory turnover | 0.00 | 1,472.67 | 912.67 | 0.00 | 0.00 |
| Debtors turnover | 1.62 | 2.20 | 1.82 | 1.06 | 1.02 |
| EPS (₹) | 6.90 | 5.42 | 3,349.90 | 1,092.00 | 1,210.30 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 44.92 | 20.30 | 11,375.20 | 8,025.30 | 6,933.20 |
Timeline of Matrix-Geo
3 dated milestones of Matrix-Geo across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Matrix-Geo is founded.
- Funding First funding round of $1.0M.
- IPO Lists on the stock exchange (IPO).
Competitors of Matrix-Geo
Matrix-Geo has 2 listed competitors in our database, 1 of them funded. They include Aereo and Thanos.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aereo.io | 2013 | Bengaluru, India | $23.75M | 225 | Integrated platform for drone surveys and data processing is provided. | |
| thanos.in | 2016 | Hyderabad, India | 61 | Agricultural drones are manufactured and related services are provided. |
Detailed competitors of Matrix-Geo
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Web traffic of Matrix-Geo
The website of Matrix-Geo (matrix-geo.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 196% vs previous month
Top companies in Drone & Aerial Mobility
2 companies that operate in the same segment as Matrix-Geo (Drone & Aerial Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of unmanned aerial vehicles | 2007 | Navi Mumbai, Maharashtra, India | USD 53.82 M | USD 26.48 M | 531 | |
Manufacturer of drones and provider of drone-based solutions across various sectors | 2015 | Chennai, Tamil Nadu, India | USD 59.3 M | USD 12.94 M | 130 |
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Frequently Asked Questions about Matrix-Geo
Matrix-Geo was founded in 2008 and raised its 1st funding round 16 years after it was founded.
Matrix-Geo is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Matrix-Geo is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Nov 2024.
Matrix-Geo has 22 employees.
The primary company behind Matrix-Geo, Matrix Geo Solutions Limited, reported revenue of ₹41.47 Cr for FY 2026, up 82% year on year.
Matrix Geo Solutions develops drone-based services for enterprises. Its offering includes LiDAR-M which is a light detection and data processing software built on Microsoft .NET technology. Its features include cloud points accurately in different cross-sectional views, allows multiple data files in inputoutput formats that include (ASCII, TerraScan Bin, ASPRS LAS, and DXF), and CAD software is built into the interface. Its use cases are aerial photography, asset inspection, Lidar survey and more.
Matrix-Geo offers Drone-as-a-Service, Aerial Survey, and Geospatial Consultancy.
Yes, Matrix-Geo is publicly traded on NSE under the ticker symbol MGSL.
Matrix-Geo has 3 investors. Key investors include Chittorgarh Infotech, Viney Equity Market, and Tryrock.
Matrix-Geo operates through Matrix Geo Solutions Limited.
The legal entities of Matrix-Geo currently have 8 directors, including Amit Sharma, Rahul Jain, Avneesh Kumar and others.