What is the CIN of Matrix Gas and Renewables Limited?

The company's CIN is U74999GJ2018PLC101075, registered under the Companies Act with the Registrar of Companies, Gujarat.

When was Matrix Gas and Renewables Limited incorporated?

The company was incorporated in 2018 in Gujarat, as indicated by the CIN prefix U74999GJ2018.

What does Matrix Gas and Renewables Limited do?

The company operates in the clean energy and gas sector, likely involving natural gas distribution, renewable energy projects, or a combination of both under the energy transition theme.

Is Matrix Gas and Renewables Limited listed?

No, it is an unlisted Public Limited Company. No ISIN has been assigned, and it does not trade on any recognised Indian stock exchange.

How do I buy Matrix Gas & Renewables unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Matrix Gas & Renewables?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Matrix Gas & Renewables shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Matrix Gas & Renewables Unlisted Share Price | Buy Matrix Gas & Renewables Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Investment Thesis

Matrix Gas and Renewables Limited is a 2018-incorporated Gujarat-based energy company operating in the high-growth clean energy and gas sector. Its Public Limited Company structure, CIN availability, and Ahmedabad location provide credibility, but the absence of ISIN and public financial disclosures limits investor visibility. The company is well-positioned thematically in India's energy transition narrative but requires direct due diligence on its specific assets, licenses, and financial performance before investment.

Pros

Revenue >₹500 Cr (FY24) — very large scale for a 2018-founded energy company; India's fastest-growing natural gas aggregator.
₹350 Cr pre-IPO round raised March 2024 ($42M) — strong institutional confidence; planning NSE/BSE listing.
Triple strategy: natural gas aggregation + green hydrogen (EPC/BOO) + CBG plants + City Gas Distribution (CGD) acquisition.
Authorized ₹35 Cr; paid-up ₹28.70 Cr; website: matrixgas.in; Ahmedabad (SG Road) — prime Gujarat energy hub.

Cons

Unlisted (U-prefix) — pre-IPO; OTC trading only despite >₹500 Cr revenue.
Promoters Anmol Singh Jaggi and Puneet Singh Jaggi (Gensol Group) faced SEBI regulatory action in 2025 related to Gensol Engineering — creates promoter credibility risk.
Green hydrogen and CBG are early-stage in India; capital-intensive with long payback periods.
Natural gas aggregation is a thin-margin business subject to PNGRB regulation and gas price volatility.

Business Segments

Natural Gas Aggregation

Aggregation and supply of natural gas to industrial, commercial, and institutional clients across India; B2B gas marketing services.

Green Hydrogen Infrastructure

EPC and Build-Own-Operate (BOO) green hydrogen production plants; electrolyser manufacturing plant development.

Compressed Bio-Gas (CBG)

Setting up CBG plants nationwide using sustainable raw materials; aligned with SATAT scheme for biofuel promotion.

Revenue Model

Matrix Gas and Renewables Limited likely generates revenue through gas distribution margins, energy supply contracts, and potentially project development income from renewable energy initiatives. In the CGD (City Gas Distribution) model, revenue is earned on the spread between gas procurement costs and supply tariffs. Renewable energy projects may generate long-term contracted income under PPAs (Power Purchase Agreements).

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

India's National Green Hydrogen Mission and Hydrogen Economy roadmap creating demand for clean energy companies

Expansion of India's City Gas Distribution (CGD) network to cover 90%+ of India's population

Gujarat's industrial ecosystem and GSPC infrastructure providing partnership opportunities

Government incentives for renewable energy capacity addition supporting project economics

Industry Tailwinds

Recent Developments

₹350 Cr pre-IPO round raised

Matrix Gas & Renewables raised INR 350 crore ($42M) in pre-IPO round to fund gas aggregation expansion, CGD asset acquisition, and green hydrogen capex.

March 2024

IPO filing planned

Company targeting NSE/BSE mainboard listing following pre-IPO fundraise; DRHP filing expected.

2024-ongoing

Comparable Companies

CompanyTypeTickerMkt Cap

Gujarat Gas LimitedListedGUJARATGAS₹35,000 Cr (listed)

Mahanagar Gas LimitedListedMGL₹10,000 Cr (listed)

Indraprastha Gas LimitedListedIGL₹20,000 Cr (listed)

Gujarat Gas LimitedListed

GUJARATGAS · ₹35,000 Cr (listed)

Frequently Asked Questions

About Matrix Gas & Renewables

Matrix Gas and Renewables Limited is an Ahmedabad-based clean energy company incorporated in 2018, operating at the intersection of gas distribution and renewable energy. The company is led by Anmol Singh Jaggi — a well-known entrepreneur in India's clean energy space — and is positioned as a growth-stage energy transition business. Matrix Gas focuses on compressed natural gas (CNG), liquefied natural gas (LNG), and renewable energy solutions for industrial and commercial customers. The company facilitates cleaner fuel transitions for industries seeking to reduce their carbon footprint by switching from liquid fossil fuels to natural gas and renewable alternatives. Its registered address at Westgate Business Bay, SG Road, Ahmedabad places it in Gujarat — India's leading state for energy infrastructure and industrial activity. The Gujarat corridor benefits from access to gas pipeline networks through GAIL, Adani Gas, and other transmission companies. Financially, Matrix Gas and Renewables reported operating revenue of over INR 500 crore for FY2024, with EBITDA growing 7.08% year-on-year — indicating meaningful scale and improving operational efficiency. This positions it as a substantive player in India's fast-growing clean energy distribution sector. India's energy transition presents significant tailwinds for Matrix Gas — the government's target to increase natural gas share in the energy mix from ~6% to 15% by 2030, combined with rapid growth in renewable energy capacity (targeting 500 GW by 2030), creates a large addressable market. The company's dual focus on gas and renewables positions it at the convergence of both growth vectors.

Key Milestones

Incorporated March 6, 2018 in Ahmedabad, Gujarat (CIN: U74999GJ2018PLC101075) by Gensol Group founders

Common questions about unlisted shares

How do I buy Matrix Gas & Renewables unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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