About Esparse Matrix Solutions Private Limited
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Esparse Matrix Solutions Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 23 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2019PTC187436. Its GSTIN is 27AAFCE6805R1Z1 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹10,000. It is led by directors Ashvini Pradip Mohane and Vishalsingh Dhirajsingh Rajput.
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 18/6 Wakad Road B – 1201 Reflection Society, Pune, Maharashtra, India – 411033.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.23 Lakh, a growth of 56% compared to the previous year. For the same year it recorded a net loss of ₹2.06 Lakh (net margin -12.7%) and EBITDA of -₹1.69 Lakh (EBITDA margin -10.4%). Revenue has grown at a compounded annual rate (CAGR) of 308% over three years and 207% over five years.
The company is associated with 1 brand: Sparse Matrix.
For more details, the company can be reached via its website sparsematrix.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address18/6 Wakad Road B – 1201 Reflection Society, Pune, Maharashtra, India – 411033
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Associated Brands with Esparse Matrix Solutions Private Limited
Esparse Matrix Solutions operates one associated brand: Sparse Matrix. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in custom software and application development services. | sparsematrix.co.in |
Competitors & Alternatives of Esparse Matrix Solutions Private Limited
Brands and companies operating in the same space as Esparse Matrix Solutions Private Limited include Hedgehog lab, AlmavivA, AKQA and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Hedgehog lab | Mobile application development and UX design services are provided. | Newcastle Upon Tyne, United Kingdom | 2007 |
 AlmavivA | IT services suite solutions are provided globally by AlmavivA. | Rome, Italy | 2005 |
 AKQA | Integrated digital marketing campaigns are developed and executed across channels. | Riyadh, Saudi Arabia | 1994 |
 Fresche Solutions | IT services for application modernization and development are offered. | Montreal, Canada | 1976 |
 GlowTouch | Technology services are provided to mid-sized businesses across multiple regions. | Louisville, United States | 2002 |
 Hancom | Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions. | Seongnam-si, South Korea | 1990 |
 Sierra Atlantic | Offshore enterprise application development and IT consulting services are provided. | Newark, United States | 1993 |
 Sylogist | Software solutions are delivered to public sector and business clients. | Calgary, Canada | 1993 |
 Waracle | Mobile apps and IoT solutions are developed across platforms. | Dundee, United Kingdom | 2007 |
 Brightspot | CMS solutions for digital publishers are provided and managed. | Reston, United States | 2008 |
Business Activity of Esparse Matrix Solutions Private Limited
The main business activity of Esparse Matrix Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Esparse Matrix Solutions Private Limited
Esparse Matrix Solutions Private Limited is audited by SUMIT R SUHANDA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SUMIT R SUHANDA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Esparse Matrix Solutions Private Limited
Esparse Matrix Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashvini Pradip Mohane Also directs: Prominent Publications LLP | Director | 15 Jan 2022 | 4 Years 8 Months | Current |
| Vishalsingh Dhirajsingh Rajput Also directs: Kagus India Tech LLP, Start to Finish DMC Private Limited | Director | 23 Oct 2019 | 6 Years 11 Months | Current |
Financials of Esparse Matrix Solutions Private Limited FY 2025 filings available
Esparse Matrix Solutions Private Limited reported revenue of ₹16.23 Lakh (up 56% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Esparse Matrix Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 207% over five years, including 56% growth in the latest year. EBITDA fell 961% 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 of Esparse Matrix Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.69 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.06 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Esparse Matrix Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -12.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Esparse Matrix Solutions are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Esparse Matrix Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Esparse Matrix Solutions Private Limited
Esparse Matrix Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Esparse Matrix Solutions Private Limited
Employment history and EPFO contributions of people linked to Esparse Matrix Solutions.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Esparse Matrix Solutions Private Limited
Esparse Matrix Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCE6805R1Z1 | Maharashtra | Active | 06 Nov 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Esparse Matrix Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Esparse Matrix Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Esparse Matrix Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Esparse Matrix Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Esparse Matrix Solutions Private Limited
Frequently Asked Questions about Esparse Matrix Solutions Private Limited
Esparse Matrix Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 23 October 2019 (7+ years old) and is registered under CIN U72900PN2019PTC187436.
Esparse Matrix Solutions reported revenue of ₹16.23 Lakh for FY 2025 (up 56% YoY).
Esparse Matrix Solutions has 2 current directors:
- Ashvini Pradip Mohane - Director
- Vishalsingh Dhirajsingh Rajput - Director
Esparse Matrix Solutions reported a net loss of ₹2.06 Lakh (net margin -12.7%) and EBITDA of -₹1.69 Lakh (EBITDA margin -10.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Esparse Matrix Solutions is 308% over three years and 207% over five years. In the latest year (FY 2025) revenue rose 56%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Esparse Matrix Solutions is 27AAFCE6805R1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Esparse Matrix Solutions is U72900PN2019PTC187436. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Esparse Matrix Solutions was incorporated on 23 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
Yes, Esparse Matrix Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).