Hurun India Rich List 2026 edition · 1 director
- #724 Ashok Ramnarayan Boob & family ₹4,400 Cr
Revenue · FY 2025
₹239.21 Cr
▲ 19.75% YoY
Net loss · FY 2025
₹3.14 Cr
Net margin -1.3%
EBITDA · FY 2025
₹7.5 Cr
EBITDA margin 3.1%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹2.5 Cr
Issued & subscribed
Open charges
₹77 Cr
Satisfied ₹48.5 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
273
Provident fund records
About Matrix Life Science Private Limited
Data last updated:
Matrix Life Science Private Limited is a private limited company based in Aurangabad, Maharashtra, India. It operates in the biotechnology segment of the life sciences sector. It was incorporated on 10 May 2013 and has been in existence for over 13 years.
Its director Ashok Ramnarayan Boob and family are #724 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24233MH2013PTC243185. Its GSTIN is 27AAICM5890K1ZT (Maharashtra).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.5 Cr. It was formerly known as Matrix Fine Sciences Private Limited. It is led by directors including Kunal Ashok Sikchi (Managing Director) and Ashokkumar Ramkishan Sikchi.
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 12 Shilpnagar Railway Station Road Dr. Dumir Hospital, Aurangabad, Maharashtra, India – 431005.
As per the financials filed for FY 2025, the company reported a revenue of ₹239.21 Cr. For the same year it recorded a net loss of ₹3.14 Cr (net margin -1.3%) and EBITDA of ₹7.5 Cr (EBITDA margin 3.1%).
The company has about 273 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Matrix Life Science. As per MCA filings, the company has open charges of ₹77 Cr and satisfied charges of ₹48.5 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 2 cases are pending. The company has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.89 Cr; the latest was in June 2024. Its 10 peer companies in the Biotechnology industry (Biotechnology) are compared by revenue, 5 larger and 5 smaller; the largest is Excelra Knowledge Solutions Private Limited with revenue of ₹305.69 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2024, listing 247 overdue payments to 60 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 matrixlifescience.com.
Company Details of Matrix Life Science Private Limited
CIN U24233MH2013PTC243185
Registration Number 243185
Incorporation Date 10 May 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Kunal Ashok Sikchi Managing Director Ashokkumar Ramkishan Sikchi Director Siddhartha Ashok Sikchi Director Recognitions & Rankings of Matrix Life Science
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address12 Shilpnagar Railway Station Road Dr. Dumir Hospital, Aurangabad, Maharashtra, India – 431005
- IndustryLife Sciences, Biotechnology
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Associated Brands with Matrix Life Science Private Limited
Matrix Life Science operates one associated brand: Matrix Life Science. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of natural antioxidants and extracts for food, health, and cosmetics sectors. | matrixlifescience.com |
Business Activity of Matrix Life Science Private Limited
The main business activity of Matrix Life Science is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Matrix Life Science Private Limited FY 2025 filings available
Matrix Life Science Private Limited reported revenue of ₹239.21 Cr for FY 2025.
Revenue · FY 2025
₹239.21 Cr
Net loss · FY 2025
₹3.14 Cr margin -1.3%
EBITDA · FY 2025
₹7.5 Cr margin 3.1%
Financial Statement Summary of Matrix Life Science 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 | ₹239.21 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹7.5 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.14 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 of Matrix Life Science Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.3% | •••• | •••• | •••• | •••• |
| 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 Life Science are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Matrix Life Science Private Limited
Matrix Life Science has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Ashok Sikchi | Managing Director | 10 May 2013 | 13 Years 5 Months | Current |
| Ashokkumar Ramkishan Sikchi | Director | 05 Jan 2015 | 11 Years 9 Months | Current |
| Siddhartha Ashok Sikchi Also directs: Clean Science and Technology Limited, Matrix Global Speciality Private Limited, Clean Fino-Chem Limited and 5 more | Director | 10 May 2013 | 13 Years 5 Months | Current |
| Ashok Ramnarayan Boob Also directs: Clean Science and Technology Limited, Clean Fino-Chem Limited, Clean Organics Private Limited and 3 more | Director | 28 Jan 2015 | 11 Years 8 Months | Current |
| Pradeep Ramwilas Rathi | Director | 20 Nov 2019 | 6 Years 11 Months | Current |
Peer Comparison of Matrix Life Science Private Limited
Matrix Life Science Private Limited is compared with the companies closest to it by revenue in the Biotechnology industry (Biotechnology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Excelra Knowledge Solutions Private Limited | ₹305.69 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Hyderabad, Telangana, India |
| Alltech Biotechnology Private Limited | ₹291.94 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Illumina India Biotechnology Private Limited | ₹290.43 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Haryana, India |
| Lifecell International Private Limited | ₹278.69 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Chennai, Tamil Nadu, India |
| Accent Microcell Limited | ₹270.99 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Ahmedabad, Gujarat, India |
| MRN Canepower and Biorefineries Private Limited | ₹250.93 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Bagalkot, Karnataka, India |
| Biocon Research Limited | ₹247 Cr (FY 2019) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Matrix Life Science Private Limited this company | ₹239.21 Cr (FY 2025) | •••• | •••• | •••• | Aurangabad, Maharashtra, India | |
| Qiagen India Private Limited | ₹211.97 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Biotechnology Industry Research Assistance Council | ₹205.6 Cr (FY 2025) | •••• | •••• | -50.0% | •••• | New Delhi, Delhi, India |
| Haffkine Bio-Pharmaceutical Corporation Limited | ₹175.71 Cr (FY 2022) | •••• | •••• | 55.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Matrix Life Science by revenue in the Biotechnology industry (Biotechnology), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Matrix Life Science Private Limited
Matrix Life Science Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Matrix Life Science Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Matrix Life Science Private Limited
Open charges
₹77 Cr
Satisfied charges
₹48.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jun 2025 | Hdfc Bank Limited | ₹17 Cr | Open |
| 10 Dec 2020 | Others | ₹8 Cr | Open |
| 22 Jul 2016 | Hdfc Bank Limited | ₹52 Cr | Open |
| 25 Sep 2020 | Hdfc Bank Limited | ₹6.5 Cr | Satisfied |
| 03 Oct 2019 | Hdfc Bank Limited | ₹30 Cr | Satisfied |
Total charge records: 7 View all charges
Deals & Funding of Matrix Life Science Private Limited
Matrix Life Science Private Limited has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.89 Cr; the latest was in June 2024.
Total deals
8
Secondary share transfers
5
Funding rounds
2
Rights issue
1
Disclosed funding
₹1.89 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ashok Sikchi HUF, an individual |
| Dec 2021 | Rights issue | ₹1.5 Cr | Investors: Ashok Sikchi HUF, 2 individuals |
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: Ashok Sikchi HUF Seller: an individual |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Ashok Sikchi HUF Seller: an individual |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: Ashok Sikchi HUF Seller: 2 individuals |
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Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Matrix Life Science Private Limited
Matrix Life Science Private Limited has 7 court cases on record: 5 filed by Matrix Life Science, 2 filed against it. 2 cases are pending and 5 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Total cases
7
Filed by the company
5
Filed against the company
2
Pending
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 1 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Oriental Insurance Co Ltd | Pending |
| District court, Raipur, Chhattisgarh | Court case (COMPLAINT CASES) | Filed by the company against Multi International | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against Orientral Insurance Co Limited | Disposed |
| District court, Aurangabad, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Aurangabad, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
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Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Matrix Life Science Private Limited
Matrix Life Science Private Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 247 overdue payments to 60 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 (5 of 60)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Radiant Research Services Pvt Ltd | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| VG Engineering Suppliers Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Matrix Life Science Private Limited
Matrix Life Science Private Limited has a workforce of 273 employees as of Nov 24, 2025.
Employee count
273
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Matrix Life Science Private Limited
Matrix Life Science Private Limited has 10 board changes on record since 2013: 5 appointments and 5 cessations. The latest: Madhusudan Laxminarayan Rathi ceased to be Director on 11 Jul 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 17.00 Cr registered on 10 Jun 2025 with Charge ID 101115244 was modified on 13 Oct 2025.
AGM
Matrix Life Science Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Madhusudan Laxminarayan Rathi ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.00 Cr with Charge ID 101115244 was registered on 10 Jun 2025.
Filing
Matrix Life Science Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited of Rs. 52.00 Cr registered on 22 Jul 2016 with Charge ID 100052282 was modified on 26 Mar 2024.
Charges
A charge registered on 25 Sep 2020 via Charge ID 100379249 with Hdfc Bank Limited was fully satisfied on 27 Feb 2024.
Charges
A charge registered on 03 Oct 2019 via Charge ID 100302076 with Hdfc Bank Limited was fully satisfied on 27 Feb 2024.
Charges
A charge registered on 07 Mar 2019 via Charge ID 100246421 with Hdfc Bank Limited was fully satisfied on 27 Feb 2024.
Charges
A charge with Others of Rs. 8.00 Cr registered on 10 Dec 2020 with Charge ID 100402389 was modified on 05 Mar 2022.
Ceased
Kunal Ashok Sikchi ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 6.50 Cr registered on 25 Sep 2020 with Charge ID 100379249 was modified on 18 Mar 2021.
18 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Matrix Life Science Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Matrix Life Science Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Matrix Life Science Private Limited
Matrix Life Science has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICM5890K1ZT | Maharashtra | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Matrix Life Science Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Matrix Life Science Private Limited
Matrix Life Science is an active private limited company based in Aurangabad, Maharashtra, India. The company works in biotechnology, within the life sciences industry. It was incorporated on 10 May 2013 (13+ years old) and is registered under CIN U24233MH2013PTC243185.
Matrix Life Science reported revenue of ₹239.21 Cr for FY 2025.
Matrix Life Science has 5 current directors:
- Kunal Ashok Sikchi - Managing Director
- Ashokkumar Ramkishan Sikchi - Director
- Siddhartha Ashok Sikchi - Director
- Ashok Ramnarayan Boob - Director
- Pradeep Ramwilas Rathi - Director
Matrix Life Science reported a net loss of ₹3.14 Cr (net margin -1.3%) and EBITDA of ₹7.5 Cr (EBITDA margin 3.1%) for FY 2025, as per its filed financial statements.
The GSTIN of Matrix Life Science is 27AAICM5890K1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Matrix Life Science is U24233MH2013PTC243185. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Matrix Life Science has 7 court cases on record: 5 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Matrix Life Science was incorporated on 10 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Matrix Life Science has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1.89 Cr; the latest was in June 2024.
The peers of Matrix Life Science by revenue are Excelra Knowledge Solutions Private Limited, Alltech Biotechnology Private Limited, Illumina India Biotechnology Private Limited, Lifecell International Private Limited, Accent Microcell Limited and 5 more, all in the Biotechnology industry (Biotechnology).
Madhusudan Laxminarayan Rathi ceased to be Director on 11 Jul 2025. Kunal Ashok Sikchi ceased to be Director on 31 Jul 2021. Pradeep Ramwilas Rathi ceased to be Additional Director on 30 Sep 2020. Matrix Life Science has 10 board changes on record in total.
Matrix Life Science has 7 MSME Form 1 returns on record between 2019 and 2024, listing 247 overdue payments to 60 micro and small suppliers. The latest return was filed on 27 Apr 2024.