About Matrix Forex Services Private Limited
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Matrix Forex Services Private Limited is a private limited company based in New, Delhi, India, a subsidiary of Matrix Cellular (International) Services Private Limited. It operates in the forex services segment of the financial services sector. It was incorporated on 15 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74920DL2010PTC205917. Its GSTIN is 07AAGCM7122A1ZX (Delhi). The company holds 14 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.6 Cr. It is led by directors Har Mohina Dugal and Seerat Kaur.
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 7 Khullar Farm Mandi Road Mehrauli, New, Delhi, India – 110030.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.26 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹76.26 Lakh (net margin -10.5%) and EBITDA of -₹37.66 Lakh (EBITDA margin -5.2%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 63% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Matrix Cellular Services. As per MCA filings, the company has open charges of ₹3 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website matrix.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered Address7 Khullar Farm Mandi Road Mehrauli, New, Delhi, India – 110030
- IndustryFinancial Services, Forex Services
- 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 Matrix Forex Services Private Limited
Matrix Forex Services operates one associated brand: Matrix Cellular Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| SIM cards, Forex cards, and travel insurance are provided. | matrix.in |
Competitors & Alternatives of Matrix Forex Services Private Limited
Brands and companies operating in the same space as Matrix Forex Services Private Limited include MasMovil, Circles.Life, Consumer Cellular and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 MasMovil | Mobile internet, calling, and telecommunications services are provided across Spain. | Madrid, Spain | 2006 |
 Circles.Life | Data-focused mobile plans are provided by online MVNO Circles.Life. | Singapore | 2014 |
 Consumer Cellular | No-contract cellular services are offered to US consumers. | Portland, United States | 1995 |
 Gigsky | Roaming data services for travellers | Palo Alto, United States | 2010 |
 Amaysim | Mobile phone services are provided by Amaysim in Australia. | Sydney, Australia | 2010 |
 Vodacom | Mobile telecommunication services are provided by Vodacom in South Africa. | Midrand, South Africa | 1994 |
 Mobile Vikings | Mobile telecommunication services provider | Hasselt, Belgium | 2009 |
 Korek Telecom | Mobile network telecommunication services are provided in Iraq. | Erbil, Iraq | 2000 |
Business Activity of Matrix Forex Services Private Limited
The main business activity of Matrix Forex Services is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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 Matrix Forex Services Private Limited
Matrix Forex Services Private Limited is audited by G.P. AGRAWAL & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G.P. AGRAWAL & 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 Matrix Forex Services Private Limited
Matrix Forex Services has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Har Mohina Dugal | Director | 20 Mar 2023 | 3 Years 6 Months | Current |
| Seerat Kaur Also directs: Hexagon Assets LLP | Director | 08 Apr 2025 | 1 Years 5 Months | Current |
Financials of Matrix Forex Services Private Limited FY 2024 filings available
Matrix Forex Services Private Limited reported revenue of ₹7.26 Cr (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Matrix Forex Services Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years, including a 24% fall in the latest year. EBITDA fell 121% 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 Matrix Forex Services 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹37.66 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹76.26 Lakh | •••• | •••• | •••• | •••• |
| 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 of Matrix Forex Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -10.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Matrix Forex Services are in the company report.
Financial statements from 2015
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 Matrix Forex Services 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 Matrix Forex Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jan 2025 | Others | ₹3 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Matrix Forex Services Private Limited
Matrix Forex Services Private Limited has a workforce of 18 employees as of Apr 07, 2024.
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 Matrix Forex Services Private Limited
Matrix Forex Services has 14 GST registrations: 9 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAGCM7122A1ZX | Delhi | Active | 01 Jul 2017 |
| 07AAGCM7122A2ZW | Delhi | Active | 10 Jul 2017 |
| 09AAGCM7122A1ZT | Uttar Pradesh | Active | 01 Jul 2017 |
| 27AAGCM7122A1ZV | Maharashtra | Active | 01 Jul 2017 |
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 Matrix Forex Services 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 Matrix Forex Services 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 Matrix Forex Services 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 Matrix Forex Services 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 Matrix Forex Services Private Limited
Recent News on Matrix Forex Services Private Limited
Frequently Asked Questions about Matrix Forex Services Private Limited
Matrix Forex Services is an active private limited company based in New, Delhi, India. The company works in forex services, within the financial services industry. It was incorporated on 15 July 2010 (16+ years old) and is registered under CIN U74920DL2010PTC205917.
Matrix Forex Services reported revenue of ₹7.26 Cr for FY 2025 (down 24% YoY).
Matrix Forex Services has 2 current directors:
- Har Mohina Dugal - Director
- Seerat Kaur - Director
Matrix Forex Services reported a net loss of ₹76.26 Lakh (net margin -10.5%) and EBITDA of -₹37.66 Lakh (EBITDA margin -5.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Matrix Forex Services is 35% over three years and -63% over five years. In the latest year (FY 2025) revenue fell 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Matrix Forex Services is 07AAGCM7122A1ZX, registered in Delhi. The company has 14 GST registrations in all, of which 9 are active and 5 are cancelled or inactive. Other active GSTINs include 07AAGCM7122A2ZW (Delhi), 09AAGCM7122A1ZT (Uttar Pradesh), 27AAGCM7122A1ZV (Maharashtra).
The CIN (Corporate Identification Number) of Matrix Forex Services is U74920DL2010PTC205917. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Matrix Forex Services was incorporated on 15 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Matrix Forex Services can be reached through the website matrix.in. Its registered office is in New, Delhi, India.