MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-18-0044732
Graymatrix Solutions Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹13.56 Cr
▲ 8% YoY
Net profit · FY 2024
₹98.95 Lakh
Net margin 7.3%
EBITDA · FY 2024
₹1.75 Cr
EBITDA margin 12.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹22.58 Cr
Satisfied ₹28.61 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
65
Provident fund records
About Graymatrix Solutions Private Limited
Data last updated:
Graymatrix Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2008PTC180485. Its GSTIN is 27AADCG2128B1Z6 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Dharmesh Mangilal Kothari and Bhavika Amrutlal Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1002 10th Floor Lotus Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.56 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹98.95 Lakh (net margin 7.3%) and EBITDA of ₹1.75 Cr (EBITDA margin 12.9%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 25% over five years.
The company has about 65 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Gray Matrix. As per MCA filings, the company has open charges of ₹22.58 Cr and satisfied charges of ₹28.61 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 2 cases are pending.
Graymatrix Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0044732). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website graymatrix.com.
Company details
CIN U72900MH2008PTC180485
Registration Number 180485
Incorporation Date 26 March 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0044732
Recognitions & Rankings of Graymatrix Solutions
Contact details
Graymatrix Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is graymatrix.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressG – 1001/1002 10th Floor Lotus Corporate Park Off. Western Express Highway Goregaon E, Ast, Mumbai, Maharashtra, India – 400063
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Graymatrix Solutions Private Limited, buy the company report.
Comprehensive company report
Graymatrix Solutions 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
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Secure checkout · GST invoice included
Brands
Graymatrix Solutions operates one associated brand: Gray Matrix. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT consulting, custom development, and AI services for global businesses. | graymatrix.com |
Business activity
The main business activity of Graymatrix Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Graymatrix Solutions Private Limited, buy the company report.
Financials of Graymatrix Solutions Private Limited
FY 2024 filings availableGraymatrix Solutions Private Limited reported revenue of ₹13.56 Cr (up 8% YoY) for FY 2024.
Revenue · FY 2024
₹13.56 Cr ▲ 8%
Net profit · FY 2024
₹98.95 Lakh margin 7.3%
EBITDA · FY 2024
₹1.75 Cr margin 12.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 27%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 129%
3 years · compounded
▲ 55%
5 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 8% growth in the latest year. EBITDA rose 129% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.75 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹98.95 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.9% | ||||
| Net Profit Margin | 7.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Graymatrix Solutions Private Limited, buy the company report.
Board of directors of Graymatrix Solutions Private Limited
Graymatrix Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmesh Mangilal Kothari Also directs: Goquick Fintech LLP, Talkk Dot AI Private Limited, Fame Realtors Private Limited and 3 more | Director | 26 Mar 2008 | 18 Years 6 Months | Current |
| Bhavika Amrutlal Patel Also directs: Goquick Fintech LLP, Talkk Dot AI Private Limited, Fame Realtors Private Limited and 2 more | Director | 01 Aug 2016 | 10 Years 2 Months | Current |
Peer comparison
Graymatrix Solutions Private Limited is compared with the 6 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cloudbyte India Technologies Private Limited | ₹13.67 Cr (FY 2021) | 7.0% | Bangalore, Karnataka, India | |||
| Audify Tech Private Limited | ₹13.65 Cr (FY 2025) | -11.0% | Bangalore, Karnataka, India | |||
| Inncrewin Technologies Private Limited | ₹13.61 Cr (FY 2025) | -23.0% | Bangalore, Karnataka, India | |||
| Smartsense Consulting Solutions Private Limited | ₹13.6 Cr (FY 2023) | 13.0% | Gandhinagar, Gujarat, India | |||
| Graymatrix Solutions Private Limitedthis company | ₹13.56 Cr (FY 2024) | ₹98.95 Lakh | 7.3% | 8.0% | 65 | Mumbai, Maharashtra, India |
| Shree Jagannath Techno-Solutions Private Limited | ₹13.53 Cr (FY 2025) | -2.0% | Rourkela, Odisha, India | |||
| Mindmill Software Limited | ₹13.51 Cr (FY 2024) | 21.0% | New Delhi, Delhi, India |
To see the full peer comparison of Graymatrix Solutions Private Limited, buy the company report.
Auditor
Graymatrix Solutions Private Limited is audited by BANWAT & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANWAT & CO | FY 2021 | 126562W |
Shareholding
The shareholding of Graymatrix Solutions Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Graymatrix Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22.58 Cr
Satisfied charges
₹28.61 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2025 | 101088672 | Others | ₹1.25 Cr | Open | |
| 31 Mar 2025 | 101089954 | Axis Bank Limited | ₹2.75 Cr | Open | |
| 08 Feb 2024 | 100859409 | Others | ₹6.65 Cr | Open | |
| 05 Oct 2023 | 100810205 | Others | ₹6.8 Cr | Open | |
| 30 May 2023 | 100737116 | Hdfc Bank Limited | ₹92.3 Lakh | Open |
To see the full charge records of Graymatrix Solutions Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Graymatrix Solutions Private Limited has 6 court cases on record: 1 filed by Graymatrix Solutions, 5 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
1
Filed against the company
5
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by NSNS Realtors LLP Through Its Partner Nirmal Dharamchand Agrawal | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (M Appeal) | Filed against the company by Tarz Distribution India Private Limited and 1 other | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LEC) | Filed by the company against Tarz Distribution India Pvt. Ltd. and 1 other | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LC) | Filed against the company by individuals | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by New India Insurance Company | Disposed |
To see the full case history of Graymatrix Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Graymatrix Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Graymatrix Solutions Private Limited has a workforce of 65 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
65
Active EPFO establishments
1
Employee growth
58.54%
GST
Graymatrix Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCG2128B1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Graymatrix Solutions Private Limited, buy the company report.
Recent activity
Graymatrix Solutions Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Bhavika Amrutlal Patel ceased to be Additional Director on 30 Sep 2016.
Charges
A charge with Others amounted to Rs. 125.00 Lakh with Charge ID 101088672 was registered on 29 Apr 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 275.00 Lakh with Charge ID 101089954 was registered on 31 Mar 2025.
AGM
Graymatrix Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Graymatrix Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 31 Mar 2023 via Charge ID 100708885 with Axis Bank Limited was fully satisfied on 12 Mar 2024.
Charges
A charge registered on 05 Feb 2022 via Charge ID 100537289 with Others was fully satisfied on 13 Feb 2024.
Charges
A charge registered on 29 Jun 2019 via Charge ID 100283060 with Others was fully satisfied on 13 Feb 2024.
Charges
A charge registered on 29 Jun 2019 via Charge ID 100287638 with Others was fully satisfied on 09 Feb 2024.
Charges
A charge with Others amounted to Rs. 665.30 Lakh with Charge ID 100859409 was registered on 08 Feb 2024.
Charges
A charge with Others amounted to Rs. 680.40 Lakh with Charge ID 100810205 was registered on 05 Oct 2023.
Charges
A charge registered on 31 Jan 2023 via Charge ID 100756633 with Others was fully satisfied on 05 Sep 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 92.30 Lakh with Charge ID 100737116 was registered on 30 May 2023.
11 earlier events are in the company report.
Frequently asked questions
Graymatrix Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 March 2008 (18+ years old) and is registered under CIN U72900MH2008PTC180485.
Graymatrix Solutions has 2 current directors:
- Dharmesh Mangilal Kothari - Director
- Bhavika Amrutlal Patel - Director
The latest financial statements of Graymatrix Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Graymatrix Solutions is 27AADCG2128B1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Graymatrix Solutions is U72900MH2008PTC180485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Graymatrix Solutions has 6 court cases on record: 1 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Graymatrix Solutions was incorporated on 26 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Graymatrix Solutions by revenue are Cloudbyte India Technologies Private Limited, Audify Tech Private Limited, Inncrewin Technologies Private Limited, Smartsense Consulting Solutions Private Limited, Shree Jagannath Techno-Solutions Private Limited and 1 more, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Bhavika Amrutlal Patel ceased to be Additional Director on 30 Sep 2016. Mangilal Tejraj Kothari ceased to be Director on 19 Aug 2016. Bhavika Amrutlal Patel was appointed as Director on 01 Aug 2016. Graymatrix Solutions has 4 board changes on record in total.
Yes, Graymatrix Solutions is registered as an MSME under Udyam registration (number: UDYAM-MH-18-0044732).
Graymatrix Solutions can be reached through the website graymatrix.com. Its registered office is in Mumbai, Maharashtra, India.