MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-24-0004299
Matrix Comsec Private Limited - telecom in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹214.19 Cr
▲ 5% YoY
Net profit · FY 2025
₹19.9 Cr
Net margin 9.3%
EBITDA · FY 2025
₹33.77 Cr
EBITDA margin 15.8%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹9.99 Cr
Issued & subscribed
Open charges
₹16 Cr
Satisfied ₹84.8 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
459
Provident fund records
About Matrix Comsec Private Limited
Data last updated:
Matrix Comsec Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 01 May 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ1998PTC034047. Its GSTIN is 24AABCM5892Q1ZS (Gujarat).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.99 Cr. It was formerly known as Matrix Telecom Private Limited. It is led by directors including Ganesh Savji Jivani (Managing Director) and Sumer Madanmohan Mehra (Whole-Time Director).
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 394 GIDC Makarpura, Vadodara, Gujarat, India – 390010.
As per the financials filed for FY 2025, the company reported a revenue of ₹214.19 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹19.9 Cr (net margin 9.3%) and EBITDA of ₹33.77 Cr (EBITDA margin 15.8%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 9% over five years.
The company has about 459 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Matrix Security Solutions and Matrix Comsec. As per MCA filings, the company has open charges of ₹16 Cr and satisfied charges of ₹84.8 Cr on record. Court records list 12 cases involving the company, including 10 filed by the company and 2 filed against it; 2 cases are pending. The company has 6 deals on record (6 secondary share transfers); the latest was in August 2021. The company has 7 MSME Form 1 returns on record between 2019 and 2024, listing 154 overdue payments to 22 micro and small suppliers.
Matrix Comsec Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0004299). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website matrixcomsec.com.
Company details
CIN U72200GJ1998PTC034047
Registration Number 034047
Incorporation Date 01 May 1998
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-24-0004299
Key People
Ganesh Savji Jivani Managing Director Sumer Madanmohan Mehra Whole-Time Director Devavrat Ganesh Jivani Whole-Time Director Recognitions & Rankings of Matrix Comsec
Contact details
Matrix Comsec Private Limited's registered office is in Vadodara, Gujarat. Its website is matrixcomsec.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address394 GIDC Makarpura, Vadodara, Gujarat, India – 390010
- IndustryTelecom, Telecom Equipment & Tech Solutions
To see the full contact details of Matrix Comsec Private Limited, buy the company report.
Comprehensive company report
Matrix Comsec 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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Brands
Matrix Comsec operates two associated brands: Matrix Security Solutions and Matrix Comsec. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services in Maine. | matrixsecusol.com | |
| Manufacturer of enterprise-grade telecom and security solutions | matrixcomsec.com |
Financials of Matrix Comsec Private Limited
FY 2025 filings availableMatrix Comsec Private Limited reported revenue of ₹214.19 Cr (up 5% YoY) for FY 2025.
Revenue · FY 2025
₹214.19 Cr ▲ 5%
Net profit · FY 2025
₹19.9 Cr margin 9.3%
EBITDA · FY 2025
₹33.77 Cr margin 15.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 13%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 32%
5 years · compounded
▲ 38%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 5% growth in the latest year. EBITDA rose 22% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹214.19 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹33.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.9 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.8% | ||||
| Net Profit Margin | 9.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Matrix Comsec Private Limited, buy the company report.
Board of directors of Matrix Comsec Private Limited
Matrix Comsec has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Samaresh Parida Also directs: Sudeep Pharma Limited, Shaily Engineering Plastics Limited, Sudeep Nutrition Private Limited and 1 more | Director | 31 May 2021 | 5 Years 4 Months | Current |
| Ganesh Savji Jivani | Managing Director | 01 May 1998 | 28 Years 5 Months | Current |
| Sumer Madanmohan Mehra | Whole-Time Director | 05 Apr 2021 | 5 Years 6 Months | Current |
| Prakash Narayan Patankar | Director | 05 Apr 2021 | 5 Years 6 Months | Current |
| Devavrat Ganesh Jivani | Whole-Time Director | 01 Jul 2025 | 1 Years 3 Months | Current |
Auditor
Matrix Comsec Private Limited is audited by BSR AND CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR AND CO LLP | FY 2024 | 101248W |
Shareholding
The shareholding of Matrix Comsec Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Matrix Comsec Private Limited, buy the company report.
Charges & borrowings
Open charges
₹16 Cr
Satisfied charges
₹84.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2019 | 100308979 | Others | ₹8 Cr | Open | |
| 26 Nov 2019 | 100308984 | Others | ₹8 Cr | Open | |
| 17 Jun 2022 | 100587973 | Others | ₹9.9 Cr | Satisfied | |
| 29 Oct 2021 | 100509195 | Others | ₹9.9 Cr | Satisfied | |
| 19 Feb 2021 | 100426650 | Others | ₹4.5 Cr | Satisfied |
To see the full charge records of Matrix Comsec Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Matrix Comsec Private Limited has 6 deals on record (6 secondary share transfers); the latest was in August 2021.
Total deals
6
Secondary share transfers
6
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Nov 2017 | Secondary share transfer | Undisclosed | Seller: an individual |
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Matrix Comsec Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Matrix Comsec Private Limited has 12 court cases on record: 10 filed by Matrix Comsec, 2 filed against it. 2 cases are pending and 10 are disposed.
Total cases
12
Filed by the company
10
Filed against the company
2
Pending
2
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 0 | 2 |
| High courts | 4 | 2 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against Mr. Paras Agrawal Ceo and Director Shivsahaj Engineering and Plastics Pvt. Ltd. and 1 other | Pending |
| High Court, GUJARAT | Arbitration matter | Filed by the company against Fast Stream Technologies Private Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Matrix Cellular (International) Services Pvt Ltd | Disposed |
| High Court, GUJARAT | Court case (AO) | Filed against the company by Matrix Cellular International Services Ltd. | Disposed |
| High Court, GUJARAT | Court case (AO) | Filed by the company against Matrix Cellular Services Pvt Ltd | Disposed |
To see the full case history of Matrix Comsec 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
Matrix Comsec Private Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 154 overdue payments to 22 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 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Matrix Comsec Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Matrix Comsec Private Limited has a workforce of 459 employees on its EPFO records as of Dec 15, 2024, across 1 active EPFO establishment.
Employee count
459
Active EPFO establishments
1
Employee growth
20.79%
GST
Matrix Comsec has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM5892Q1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Matrix Comsec Private Limited, buy the company report.
Recent activity
Matrix Comsec Private Limited has 9 board changes on record since 1998: 5 appointments and 4 cessations. The latest: Devavrat Ganesh Jivani was appointed as Whole-Time Director on 01 Jul 2025.
AGM
Matrix Comsec Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Devavrat Ganesh Jivani was appointed as Whole-Time Director.
Ceased
Devavrat Ganesh Jivani ceased to be Additional Director.
Charges
A charge registered on 17 Jun 2022 via Charge ID 100587973 with Others was fully satisfied on 07 May 2025.
Charges
A charge registered on 29 Oct 2021 via Charge ID 100509195 with Others was fully satisfied on 07 May 2025.
Filing
Matrix Comsec Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Sumer Madanmohan Mehra ceased to be Director.
Charges
A charge registered on 08 Jul 2014 via Charge ID 10510529 with Citi Bank N.A. was fully satisfied on 27 Jul 2022.
Charges
A charge with Others amounted to Rs. 9.90 Cr with Charge ID 100587973 was registered on 17 Jun 2022.
Charges
A charge registered on 24 Oct 2019 via Charge ID 100308043 with Citi Bank N.A. was fully satisfied on 17 Nov 2021.
Charges
A charge registered on 20 Jan 2014 via Charge ID 10472814 with Citi Bank N.A. was fully satisfied on 17 Nov 2021.
Ceased
Dhirendra Raichand Savla ceased to be Whole-Time Director.
20 earlier events are in the company report.
News
Frequently asked questions
Matrix Comsec is an active private limited company based in Vadodara, Gujarat, India. The company works in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 01 May 1998 (28+ years old) and is registered under CIN U72200GJ1998PTC034047.
Matrix Comsec has 5 current directors:
- Ganesh Savji Jivani - Managing Director
- Sumer Madanmohan Mehra - Whole-Time Director
- Devavrat Ganesh Jivani - Whole-Time Director
- Samaresh Parida - Director
- Prakash Narayan Patankar - Director
The latest financial statements of Matrix Comsec 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 Matrix Comsec is 24AABCM5892Q1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Matrix Comsec is U72200GJ1998PTC034047. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Matrix Comsec has 12 court cases on record: 10 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Matrix Comsec was incorporated on 01 May 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Matrix Comsec has 6 deals on record (6 secondary share transfers); the latest was in August 2021.
Devavrat Ganesh Jivani was appointed as Whole-Time Director on 01 Jul 2025. Devavrat Ganesh Jivani ceased to be Additional Director on 01 Jul 2025. Sumer Madanmohan Mehra ceased to be Director on 01 Oct 2022. Matrix Comsec has 9 board changes on record in total.
Yes, Matrix Comsec is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0004299).
Matrix Comsec has 7 MSME Form 1 returns on record between 2019 and 2024, listing 154 overdue payments to 22 micro and small suppliers. The latest return was filed on 30 Apr 2024.