Promoter holding
64.27%
MD
Matrix Developers Limited - Due diligence report
A 360° intelligence report on Matrix Developers Limited: trust score, financial health, credit view, compliance, directors, growth and distr…
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Matrix Developers Limited — 360° Intelligence Report
Generated from MCA filings & public records56/100
Trust Score
Moderate
Matrix Developers Limited is assessed as Moderate with a Trust Score of 56/100. Matrix Developers Limited is a public limited indian non-government company incorporated in 1997, operating in the Real Estate and Construction 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 high compliance risk and moderate financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Matrix Developers Limited snapshot & full profile →
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 & explainableTrust ScoreModerate
56/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
16/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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.
Get full accessScores 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: 35/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 3 open (375.82 cr) · 5 satisfied (448.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
| Jm Financial Credit Solutions Limited | 1 | 48.0 cr |
| Idbi Trusteeship Services Limited | 1 | 48.0 cr |
| Pnb Housing Finance Limited | 1 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
Compliance Score: 16/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2017 - filings overdue.
- Litigation present in 2 court forum(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| GAURI MANEESH MORO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBODH GOVARDHAN APTE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUDESH ANANT KHATAWKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PREETI RATNAKAR KULKARNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBODH KAILASCHAND SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBODH GOVARDHAN APTE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUDESH ANANT KHATAWKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 7 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2018 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Paranjape Schemes (construction) Limited
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 2 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Paranjape Schemes (construction) Limited | Holding Company | 74.00% |
Key managerial personnel: SUBODH GOVARDHAN APTE (CFO) · SUBODH GOVARDHAN APTE (CFO) · SUDESH ANANT KHATAWKAR (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 40
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 29+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (16/100).
3 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence35/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment39/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 375.82 cr already registered.
- Compliance gaps should be priced into terms.
Investor view73/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events15 Jun 2019
Director ceased
SHRIKANT TRIMBAK GADRE
22 May 2019
Charge created
Hdfc Bank Limited - 1.53 cr
18 Apr 2019
Director appointed
SUBODH GOVARDHAN APTE (CFO)
23 Jan 2019
Securities allotted
9929 Debentures - 99.29 cr raised
26 Nov 2018
Charge created
Idbi Trusteeship Services Limited - 99.29 cr
02 May 2018
Director ceased
ABHIJIT PRAKASH KADAM
30 Sep 2017
Director ceased
GAURI MANEESH MORO
Last AGM held
Annual general meeting
04 May 2017
Charge created
Others - 275.00 cr
10 Apr 2017
Charge satisfied
Jm Financial Credit Solutions Limited
31 Mar 2017
Latest balance sheet
Filed with ROC
23 Dec 2016
Director ceased
SHRIRAM VINAYAK BAPAT
09 Dec 2016
Director appointed
GAURI MANEESH MORO (Director)
20 Sep 2016
Charge satisfied
Janaseva Sahakari Bank Limited
31 Mar 2016
Share transfer (FY 2016)
3346108.00000000 shares to Paranjape Schemes Construction Ltd
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
7 active director(s) / partner(s); board looks stable and experienced.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2018 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Amarprakash | U70102TN2008PTC066406 | Chennai, Tamil Nadu, India |
| Rajsanket Realty Limited | L70101MH1985PLC036272 | Mumbai, Maharashtra, India |
| Rajesh Lifespaces | U34100MH1959PTC011267 | Mumbai, Maharashtra, India |
| Chintels | U99999DL1985PLC020826 | South Delhi, Delhi, India |
| Richa | L17115HR1993PLC032108 | Faridabad, Haryana, India |
| N.Rose Developers Private Limited | U45200MH2004PTC147590 | Dahisar East, Maharashtra, India |
| Saha | U45200DL2012PTC238062 | Delhi, Delhi, India |
| Lodhagroup | U70104MH1935PLC002249 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Matrix Developers Limited before audits and certifications: compliance score 16/100, 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 Developers Limited: 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: Enhanced diligence advised. Credit risk score 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Matrix Developers Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 56/100, distress signals and MSME payment-delay disclosures - know whether Matrix Developers Limited 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 Developers Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Matrix Developers Limited an active company?
Matrix Developers Limited has MCA status “Amalgamated” with a compliance score of 16/100 (Caution Indicated).
Is Matrix Developers Limited financially healthy?
Matrix Developers Limited has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.
Should I do business with Matrix Developers Limited?
Its overall Trust Score is 56/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Matrix Developers Limited?
The ultimate holding entity is Paranjape Schemes (construction) Limited. 7 active director(s) are on record.
Does Matrix Developers Limited have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.
Is Matrix Developers Limited up to date with its ROC filings?
Last balance sheet is for Mar 2017 - filings overdue. Overall compliance score: 16/100 (Caution Indicated).
Is it risky to lend to Matrix Developers Limited?
Its Credit Risk Score is 35/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
