Matrix Comsec Private Limited - Due diligence report

A 360° intelligence report on Matrix: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…

1998-05-01 Baroda, Gujarat Active Unlisted Active Compliant
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Matrix — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Matrix is assessed as Low Risk with a Trust Score of 80/100. Matrix is an active private limited indian non-government company incorporated in 1998, operating in the Telecom sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 17 Oct 2026 from the latest processed filings. Matrix Comsec Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
56/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 85/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 2 open (16.00 cr) · 8 satisfied (84.80 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others6 48.0 cr
Citi Bank N.A.3 48.0 cr
The Royal Bank Of Scotland N. V.1 48.0 cr
Compliance Score: 56/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • Litigation present in 2 court forum(s).
  • 1 auditor resignation(s) filed - latest: MANISH SHAH & ASSOCIATES on 2022-10-10.
  • Delayed payments to MSME suppliers disclosed (152 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
SUMER MADANMOHAN MEHRA 01234567 Director 01/04/2018 6 yrs Approved
GANESH SAVJI JIVANI 01234567 Director 01/04/2018 6 yrs Approved
PRAKASH NARAYAN PATANKAR 01234567 Director 01/04/2018 6 yrs Approved
SAMARESH PARIDA 01234567 Director 01/04/2018 6 yrs Approved
Devavrat Ganesh Jivani 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2024 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
-

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Key managerial personnel: SUMER MADANMOHAN MEHRA (Whole-time director) · GANESH SAVJI JIVANI (Managing Director) · Devavrat Ganesh Jivani (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 28+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (56/100).
2 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 99.38 Lakh.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence73/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment78/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 16.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view78/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
01 Jul 2025
Director appointed
Devavrat Ganesh Jivani (Whole-time director)
Director ceased
Devavrat Ganesh Jivani
07 May 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Oct 2022
Director ceased
SUMER MADANMOHAN MEHRA
27 Jul 2022
Charge satisfied
Citi Bank N.A.
17 Jun 2022
Charge created
Others - 9.90 cr
17 Nov 2021
Charge satisfied
Citi Bank N.A.
11 Nov 2021
Director ceased
DHIRENDRA RAICHAND SAVLA
29 Oct 2021
Charge created
Others - 9.90 cr
24 Jun 2021
Charge satisfied
Others
31 May 2021
Director appointed
SAMARESH PARIDA (Director)
05 Apr 2021
Director appointed
SUMER MADANMOHAN MEHRA (Whole-time director)
Director appointed
PRAKASH NARAYAN PATANKAR (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Net worth is positive.
5 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Enersys Panel Private Limited U31909GJ2022PTC137866 Vadodara, Gujarat
Conmech Cutnfix Private Limited U93000GJ2018PTC103926 Vadodara, Gujarat
Pioneer Process Automation Private Limited U72200GJ2001PTC040254 Vadodara, Gujarat
VALUADD VENTURES LLP AAQ-4803 Vadodara, Gujarat
Khushi Films India Private Limited U59111GJ2024PTC153893 Vadodara, Gujarat
Accutest Systems Private Limited U31907GJ2007PTC050968 Vadodara, Gujarat
Sahastra Urja Private Limited U73100GJ2011PTC068089 Vadodara, Gujarat
Realtime Data Analysis Private Limited U72900GJ2016PTC093989 Vadodara, Gujarat
Skp Projects Private Limited U74999GJ2000PTC038263 Vadodara, Gujarat
Pan Tradexpo Private Limited U24230GJ2019PTC108576 Vadodara, Gujarat
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Matrix before audits and certifications: compliance score 56/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Matrix: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 70/100, margin trends, ownership structure and peer set for Matrix - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Matrix pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Matrix - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Matrix an active company?

Matrix has MCA status “Active” with a compliance score of 56/100 (Moderate).

Is Matrix financially healthy?

Matrix has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Matrix?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Matrix?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 5 active director(s) are on record.

Does Matrix have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.

Is Matrix up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 56/100 (Moderate).

Is it risky to lend to Matrix?

Its Credit Risk Score is 85/100 (Low Risk). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.