About Matrix Developers Limited
Data last updated:
Matrix Developers Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Paranjape Schemes (Construction) Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 05 March 1997.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1997PLC106328. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹14.1 Cr and a paid-up capital of ₹13 Cr. It was led by directors including Gauri Maneesh Moro and Sudesh Anant Khatawkar.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 1 Somnath Cts No. 988 Ram Mandir Road Vile Parle (East), Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2018, the company reported a revenue of ₹155.56 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹10.1 Cr (net margin 6.5%) and EBITDA of ₹23.25 Cr (EBITDA margin 14.9%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years.
The company had about 201 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹375.82 Cr and satisfied charges of ₹448 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is pscl.in.
Company details
CIN history
Matrix Developers has one previous CIN (Corporate Identification Number): U45200MH1997PTC106328. The current CIN is U45200MH1997PLC106328, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH1997PLC106328 | Current |
| U45200MH1997PTC106328 | Previous |
Contact details
Matrix Developers Limited's registered office is in Mumbai, Maharashtra. Its website is pscl.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address1 Somnath Cts No. 988 Ram Mandir Road Vile Parle (East), Mumbai, Maharashtra, India – 400057
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Matrix Developers 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
Business activity
The main business activity of Matrix Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Matrix Developers Limited, buy the company report.
Financials of Matrix Developers Limited
FY 2017 filings availableMatrix Developers Limited reported revenue of ₹155.56 Cr (down 7% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 33%. EBITDA rose 40% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹155.56 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹23.25 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹10.1 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 14.9% | |||
| Net Profit Margin | 6.5% | |||
| 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 | ||||
To see the full financial statements and ratios of Matrix Developers Limited, buy the company report.
Board of directors and KMP of Matrix Developers Limited
Matrix Developers Limited currently reports 3 directors and 1 key managerial person. 15 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gauri Maneesh Moro | Director | 09 Dec 2016 | 9 Years 10 Months | As last reported |
| Subodh Govardhan Apte | Cfo | 18 Apr 2019 | 7 Years 6 Months | As last reported |
| Sudesh Anant Khatawkar Also directs: Athashri Foundation | Director | 22 May 2013 | 13 Years 5 Months | As last reported |
| Subodh Kailaschand Shah | Director | 22 Sep 2015 | 11 Years 1 Months | As last reported |
Peer comparison
Matrix Developers Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vilas Javdekar Eco Shelters Private Limited | ₹155.92 Cr (FY 2025) | -47.0% | Pune, Maharashtra, India | |||
| Kalpana Struct Con Private Limited | ₹155.77 Cr (FY 2025) | -2.0% | Navi Mumbai, Maharashtra, India | |||
| Matrix Developers Limitedthis company | ₹155.56 Cr (FY 2018) | ₹10.1 Cr | 6.5% | -7.0% | 201 | Mumbai, Maharashtra, India |
| D.M.P. Nirman Pvt. Ltd. | ₹154.57 Cr (FY 2024) | 207.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Matrix Developers Limited, buy the company report.
Auditor
Matrix Developers Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2018 | 117366W/W100018 |
Shareholding
The shareholding of Matrix Developers Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Matrix Developers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2019 | 100289674 | Hdfc Bank Limited | ₹1.53 Cr | Open | |
| 26 Nov 2018 | 100220731 | Idbi Trusteeship Services Limited | ₹99.29 Cr | Open | |
| 04 May 2017 | 100100198 | Others | ₹275 Cr | Open | |
| 24 Mar 2015 | 10562978 | Jm Financial Credit Solutions Limited | ₹200 Cr | Satisfied | |
| 19 Nov 2013 | 10465370 | Pnb Housing Finance Limited | ₹90 Cr | Satisfied |
To see the full charge records of Matrix Developers Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Matrix Developers Limited has 1 court case on record: 1 filed by Matrix Developers. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Execution petition | Filed by the company against Forest Trails Bungalow No.1To 166 Co Op.Hosing Soc Etc | Disposed |
To see the full case history of Matrix Developers 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 Matrix Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Matrix Developers Limited has a workforce of 201 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Matrix Developers has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Matrix Developers Limited, buy the company report.
Recent activity
Matrix Developers Limited has 19 board changes on record since 2007: 4 appointments and 15 cessations. The latest: Shrikant Trimbak Gadre ceased to be Director on 15 Jun 2019.
27 earlier events are in the company report.
News
Frequently asked questions
Matrix Developers has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Matrix Developers was a public limited company based in Mumbai, Maharashtra, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 05 March 1997 and is registered under CIN U45200MH1997PLC106328. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Matrix Developers was incorporated on 05 March 1997. It is registered with the Registrar of Companies, Mumbai.
Matrix Developers had 4 directors and KMP:
- Gauri Maneesh Moro - Director
- Sudesh Anant Khatawkar - Director
- Subodh Kailaschand Shah - Director
- Subodh Govardhan Apte - Cfo
The CIN (Corporate Identification Number) of Matrix Developers is U45200MH1997PLC106328. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Matrix Developers is at 1 Somnath Cts No. 988 Ram Mandir Road Vile Parle East, Mumbai, Maharashtra, India – 400057.
Matrix Developers can be reached through the website pscl.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Matrix Developers on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Matrix Developers has 1 GST registration on record and it is cancelled or inactive.
Matrix Developers operated in the real estate and construction industry, in the real estate builders and developers segment.
The peers of Matrix Developers by revenue are Vilas Javdekar Eco Shelters Private Limited, Kalpana Struct Con Private Limited, D.M.P. Nirman Pvt. Ltd, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
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