About Mathworks India Private Limited
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Mathworks India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of The Mathworks Inc.. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 25 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2008FTC045050. Its GSTIN is 29AAFCM4071R1ZR (Karnataka). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹13.5 Cr and a paid-up capital of ₹6.5 Cr. It is led by directors including Kumar Bakthavatchalu and Jeanne Marie O Keefe.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹984.62 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹73.78 Cr (net margin 7.5%) and EBITDA of ₹129.87 Cr (EBITDA margin 13.2%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 16% over five years.
The company has about 1,380 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: MathWorks. Court records list 3 cases involving the company, including 3 filed against it. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹49 Lakh; the latest was in January 2017. Its 4 peer companies in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger and 1 smaller; the largest is GXS India Technology Centre Private Limited with revenue of ₹1,058.46 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mathworks.in.
Company details
Contact details
Mathworks India Private Limited's registered office is in Bangalore, Karnataka. Its website is mathworks.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address9th 8th & 7th Floor Trillium Building Blocks I&J Embassy Tech Village Outer, Ring Road, Bangalore, Karnataka, India – 560103
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Mathworks India Private Limited, buy the company report.
- 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
Brands
Mathworks India operates one associated brand: MathWorks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mathematical computing software is developed for algorithm solutions. | mathworks.com |
Business activity
The main business activity of Mathworks India 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 Mathworks India Private Limited, buy the company report.
Financials of Mathworks India Private Limited
FY 2025 filings availableMathworks India Private Limited reported revenue of ₹984.62 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 7% growth in the latest year. EBITDA rose 9% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹129.87 Cr | ||||
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| Net Profit (PAT) | ₹73.78 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 13.2% | ||||
| Net Profit Margin | 7.5% | ||||
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To see the full financial statements and ratios of Mathworks India Private Limited, buy the company report.
Board of directors of Mathworks India Private Limited
Mathworks India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kumar Bakthavatchalu | Director | 07 Jan 2019 | 7 Years 9 Months | Current |
| Jeanne Marie O Keefe | Director | 25 Jan 2008 | 18 Years 9 Months | Current |
| Steven Douglas Barbo | Director | 25 Jan 2008 | 18 Years 9 Months | Current |
Peer comparison
Mathworks India Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| GXS India Technology Centre Private Limited | ₹1,058.46 Cr (FY 2025) | 28.0% | Hyderabad, Telangana, India | |||
| Sun Life Global Solutions Private Limited | ₹1,021.3 Cr (FY 2025) | 16.0% | Gurugram, Haryana, India | |||
| PTC Software (India) Private Limited | ₹1,010.44 Cr (FY 2025) | 9.0% | Pune, Maharashtra, India | |||
| Mathworks India Private Limitedthis company | ₹984.62 Cr (FY 2025) | ₹73.78 Cr | 7.5% | 7.0% | 1,380 | Bangalore, Karnataka, India |
| Hexagon Capability Center India Private Limited | ₹940.32 Cr (FY 2025) | 9.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Mathworks India Private Limited, buy the company report.
Auditor
Mathworks India Private Limited is audited by Balakrishna & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Balakrishna & Co. | FY 2023 | 004835S |
Shareholding
The shareholding of Mathworks India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mathworks India Private Limited, buy the company report.
Deals & funding
Mathworks India Private Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹49 Lakh; the latest was in January 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Rights issue | ₹105.3 Cr | Investors: The Math Works, Inc. |
| Jun 2008 | Funding round | ₹49 Lakh | Investors: The Math Works, Inc., an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mathworks India Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed against the company by The Mathworks Inc | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by The Mathworks Inc. | Disposed |
To see the full case history of Mathworks India 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
Mathworks India Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Gobsmack Foods |
To see the full MSME payment records of Mathworks India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mathworks India Private Limited has a workforce of 1,380 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Mathworks India has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCM4071R1ZR | Karnataka | Active | 01 Jul 2017 |
| 27AAFCM4071R1ZV | Maharashtra | Active | 01 Jul 2017 |
| 07AAFCM4071R1ZX | Delhi | Active | 25 Jul 2017 |
| 36AAFCM4071R1ZW | Telangana | Active | 05 Aug 2017 |
To see the full GST registrations and return filing status of Mathworks India Private Limited, buy the company report.
Recent activity
Mathworks India Private Limited has 5 board changes on record since 2008: 4 appointments and 1 cessation. The latest: Kumar Bakthavatchalu was appointed as Director on 07 Jan 2019.
News
Frequently asked questions
Mathworks India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 25 January 2008 (18+ years old) and is registered under CIN U72200KA2008FTC045050.
Mathworks India has 3 current directors:
- Kumar Bakthavatchalu - Director
- Jeanne Marie O Keefe - Director
- Steven Douglas Barbo - Director
The latest financial statements of Mathworks India 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 2015 are in the company report.
The GSTIN of Mathworks India is 29AAFCM4071R1ZR, registered in Karnataka. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAFCM4071R1ZV (Maharashtra), 07AAFCM4071R1ZX (Delhi), 36AAFCM4071R1ZW (Telangana).
The CIN (Corporate Identification Number) of Mathworks India is U72200KA2008FTC045050. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mathworks India has 3 court cases on record: 3 filed against it.
Mathworks India was incorporated on 25 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Mathworks India has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹49 Lakh; the latest was in January 2017.
The peers of Mathworks India by revenue are GXS India Technology Centre Private Limited, Sun Life Global Solutions Private Limited, PTC Software (India) Private Limited, Hexagon Capability Center India Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Kumar Bakthavatchalu was appointed as Director on 07 Jan 2019. Kishore Rao ceased to be Director on 01 Jan 2019. Kishore Rao was appointed as Director on 02 Aug 2010. Mathworks India has 5 board changes on record in total.
Mathworks India has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 28 May 2019.
Mathworks India can be reached through the website mathworks.in. Its registered office is in Bangalore, Karnataka, India.