MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-KR-13-0020374
Blue Matrix Connect Private Limited - information technology in Hubli, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.79 Cr
▲ 18% YoY
Net loss · FY 2024
₹2.02 Lakh
Net margin -1.1%
EBITDA · FY 2024
₹2.45 Lakh
EBITDA margin 1.4%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹10 Lakh
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
31
Provident fund records
About Blue Matrix Connect Private Limited
Data last updated:
Blue Matrix Connect Private Limited is a private limited company based in Hubli, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 02 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021PTC144788. Its GSTIN is 29AAJCB6796N1ZM (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Praveen Devadanam Gundam and Bhargavi Challa.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C.T.S No. 456/1B & 456/2 Kvm Plaza 3rd Floor Club Road, Hubli, Karnataka, India – 580029.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.79 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹2.02 Lakh (net margin -1.1%) and EBITDA of ₹2.45 Lakh (EBITDA margin 1.4%).
The company has about 31 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10 Lakh on record.
Blue Matrix Connect Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-13-0020374). For more details, the company can be reached via its website bluematrixservices.com.
Company details
CIN U72900KA2021PTC144788
Registration Number 144788
Incorporation Date 02 March 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-KR-13-0020374
Recognitions & Rankings of Blue Matrix Connect
Contact details
Blue Matrix Connect Private Limited's registered office is in Hubli, Karnataka. Its website is bluematrixservices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC.T.S No. 456/1B & 456/2 Kvm Plaza 3rd Floor Club Road, Hubli, Karnataka, India – 580029
- IndustryInformation Technology, Other Computer Related Activities
To see the full contact details of Blue Matrix Connect Private Limited, buy the company report.
Comprehensive company report
Blue Matrix Connect 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
Business activity
The main business activity of Blue Matrix Connect is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Blue Matrix Connect Private Limited, buy the company report.
Financials of Blue Matrix Connect Private Limited
FY 2025 filings availableBlue Matrix Connect Private Limited reported revenue of ₹1.79 Cr (up 18% YoY) for FY 2024.
Revenue · FY 2024
₹1.79 Cr ▲ 18%
Net loss · FY 2024
₹2.02 Lakh margin -1.1%
EBITDA · FY 2024
₹2.45 Lakh margin 1.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
EBITDA CAGR growth
1 year
▼ 48%
Revenue rose 18% in the latest year. EBITDA fell 48% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | ||||
| EBITDA | ₹2.45 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.02 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | ||||
| EBITDA Margin | 1.4% | |||
| Net Profit Margin | -1.1% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
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To see the full financial statements and ratios of Blue Matrix Connect Private Limited, buy the company report.
Board of directors of Blue Matrix Connect Private Limited
Blue Matrix Connect has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Devadanam Gundam Also directs: Blue Matrix Services LLP, Blue Matrix Solutions Private Limited | Director | 18 Dec 2023 | 2 Years 10 Months | Current |
| Bhargavi Challa Also directs: Blue Matrix Services LLP, Blue Matrix Solutions Private Limited | Director | 18 Dec 2023 | 2 Years 10 Months | Current |
Peer comparison
Blue Matrix Connect Private Limited is compared with the 4 companies closest to it by revenue in the Outsourcing industry (Diversified BPO), with the same principal business activity (data processing, hosting and related activities; web portal), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zyga Solutions Private Limited | ₹1.79 Cr (FY 2024) | 57.0% | Thiruvananthapuram, Kerala, India | |||
| H S B Management Consultants Private Limited | ₹1.79 Cr (FY 2023) | 23.0% | Ludhiana, Punjab, India | |||
| Blue Matrix Connect Private Limitedthis company | ₹1.79 Cr (FY 2024) | -₹2.02 Lakh | -1.1% | 18.0% | 31 | Hubli, Karnataka, India |
| Itrope Technologies Private Limited | ₹1.78 Cr (FY 2021) | -21.0% | Chennai, Tamil Nadu, India | |||
| Nettyfish Solutions Private Limited | ₹1.78 Cr (FY 2024) | 27848.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Blue Matrix Connect Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2023 | 100701670 | State Bank of India | ₹10 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Blue Matrix Connect Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Blue Matrix Connect Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Blue Matrix Connect Private Limited has a workforce of 31 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
31
Active EPFO establishments
1
Employee growth
29.17%
GST
Blue Matrix Connect has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCB6796N1ZM | Karnataka | Active | 09 Apr 2021 |
To see the full GST registrations and return filing status of Blue Matrix Connect Private Limited, buy the company report.
Recent activity
Blue Matrix Connect Private Limited has 6 board changes on record since 2021: 2 appointments and 4 cessations. The latest: Bhargavi Challa ceased to be Additional Director on 29 Sep 2024.
AGM
Blue Matrix Connect Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Blue Matrix Connect Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Bhargavi Challa ceased to be Additional Director.
Ceased
Ancilla Cardoza ceased to be Director.
Appointed
Bhargavi Challa was appointed as Director.
Ceased
Kavita Kalal ceased to be Director.
Appointed
Praveen Devadanam Gundam was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 10.00 Lakh with Charge ID 100701670 was registered on 29 Mar 2023.
Ceased
Praveen Devadanam Gundam ceased to be Ceo(Kmp).
Incorporation
02 Mar 2021
Blue Matrix Connect Private Limited was registered on 02 Mar 2021 with Roc Bangalore & aged 5 years 7 months as per MCA records.
Frequently asked questions
Blue Matrix Connect is an active private limited company based in Hubli, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 02 March 2021 (5+ years old) and is registered under CIN U72900KA2021PTC144788.
Blue Matrix Connect has 2 current directors:
- Praveen Devadanam Gundam - Director
- Bhargavi Challa - Director
The latest financial statements of Blue Matrix Connect on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Blue Matrix Connect is 29AAJCB6796N1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Blue Matrix Connect is U72900KA2021PTC144788. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blue Matrix Connect was incorporated on 02 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Blue Matrix Connect by revenue are Zyga Solutions Private Limited, H S B Management Consultants Private Limited, Itrope Technologies Private Limited, Nettyfish Solutions Private Limited, all in the Outsourcing industry (Diversified BPO), with the same principal business activity (data processing, hosting and related activities; web portal).
Bhargavi Challa ceased to be Additional Director on 29 Sep 2024. Ancilla Cardoza ceased to be Director on 18 Dec 2023. Bhargavi Challa was appointed as Director on 18 Dec 2023. Blue Matrix Connect has 6 board changes on record in total.
Yes, Blue Matrix Connect is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-13-0020374).
Blue Matrix Connect can be reached through the website bluematrixservices.com. Its registered office is in Hubli, Karnataka, India.
The registered office of Blue Matrix Connect is at C.T.S No. 4561B & 4562 Kvm Plaza 3rd Floor Club Road, Hubli, Karnataka, India – 580029.