How Matrix Geo Solutions navigated India's geospatial evolution
By adapting early to shifts in drone mapping, LIDAR, AI-powered geospatial intelligence, and digital infrastructure, Matrix Geo Solutions has grown from a niche geospatial firm into a publicly listed industry player.
Long before drones, digital twins, and AI-powered mapping became central to India’s infrastructure ambitions, Amit Sharma and Rahul Jain were already betting on geospatial technology.
In 2008, years before India’s spacetech sector entered the mainstream, the duo founded Matrix Geo Solutions to focus on modern survey technologies such as photogrammetry, Light Detection and Ranging (LiDAR, a specific remote sensing technology), geovideo, GIS, and remote sensing.
“Geospatial technology in India then was still at a very nascent stage,” says Founder and Director Amit Sharma.
“However, we strongly believed that this technology would eventually become a critical enabler for infrastructure development, governance, natural resource management, and evidence-based decision-making.”
Today, nearly two decades later, the New Delhi-based company has worked with organisations such as the Indian Railways, NHAI, NTPC, GAIL, Adani Group, Tata Projects, and L&T, and also runs the Drone Academy of India.
Starting early: A journey of constant adaptation
Sharma says he has seen the industry continuously evolving from conventional surveying methods to advanced drone mapping, LiDAR, digital twins, remote sensing, and AI-driven geospatial intelligence.
But back in its early years, the founders faced a major challenge: lack of awareness.
“We had to educate organisations and stakeholders about how these technologies could improve planning efficiency, project monitoring, transparency, and operational decision-making,” Sharma says.
Another challenge was the availability of skilled talent. “One of the very first strategic initiatives we undertook was to establish a training and educational ecosystem alongside the company,” he shares.
With innovation as its growth philosophy, Matrix Geo Solutions has positioned itself early as an adopter of emerging geospatial and digital technologies.
Whether it was high-resolution satellite imagery, drone-based geospatial surveys, infrastructure monitoring solutions, or advanced inspection technologies, Sharma says the roughly 200-member team has consistently been among the early movers in India across multiple application domains.
In 2011, satellite imagery in India was still highly regulated. Sensing a shift in policy, the founders began researching and experimenting with drone-based geospatial applications well before drones became mainstream in India.
“By 2014, we were able to mature our drone-based photogrammetry and geospatial survey capabilities to a level where they could be reliably deployed for commercial and government applications,” he says.
Soon, the company began implementing drone-based solutions across many sectors, including railways, mining, water resource management, urban planning, and infrastructure development.
From mapping data to geospatial intelligence
Today, the spacetech industry is entering a new phase where geospatial intelligence is converging with artificial intelligence, automation, cloud platforms, and digital twins.
“Keeping pace with this transformation, we are actively investing in next-generation digital geospatial platforms and AI-enabled GeoAI solutions that can help governments and private organisations derive deeper insights, improve operational efficiency, strengthen predictive planning, and support evidence-based governance,” he says.
Sharma believes the spacetech industry is moving beyond traditional mapping and data collection toward integrated digital ecosystems, where geospatial technology becomes a foundational layer for digital infrastructure and governance.
“Whether it is smart cities, climate resilience, transportation networks, water management, or national infrastructure planning, these technologies will play an increasingly critical role in enabling real-time monitoring, intelligent asset management, predictive maintenance, and data-driven governance,” he says.
Government scale versus private speed
The company has worked across both government and private sector projects, each with distinct requirements.
Sharma notes that governmental projects are typically larger in scale, focused on long-term public infrastructure, and require complex stakeholder coordination and high levels of compliance.
“Government projects involve extensive compliance requirements and very high expectations, with decision-making cycles that are more structured and time-intensive,” he says.
In contrast, private sector projects tend to be driven by operational efficiency, risk management, and return on investment. “The cycle is generally faster, and there is usually a stronger focus on innovation, automation, and measurable business outcomes,” he says.
Funding and the future
Matrix Geo Solutions became publicly traded on September 30, 2025, via the MSME segment. The company launched its IPO in September 2025, raising about Rs 40.20 crore through a fresh issue of shares to fund working capital, purchase new drones, and acquire advanced survey equipment.
“This is a defining growth phase for the geospatial and spacetech industry in India. Going public was, therefore, a strategic decision. It provided us with the opportunity to strengthen our financial foundation, accelerate expansion, and prepare the organisation for the next phase of scalable growth,” Sharma says.
The company is now expanding globally. While India remains a high-growth market, Sharma says international opportunities are also opening up, particularly in developing economies.
“We are therefore strengthening our capabilities to support projects not only in India but also across international markets.”
Sharma says that the company reported revenue from operations of approximately Rs 40.10 crore in FY26, compared to Rs 22.09 crore in FY25. Profits after tax for FY26 stood at approximately Rs 10.06 crore, up from Rs 5.81 crore in the previous financial year.
“The growth in revenue and profitability comes from increasing adoption of advanced geospatial intelligence and drone-based solutions across infrastructure, utilities, urban planning, and industrial sectors,” he says.
Competing with companies such as Mumbai-based Genesys International Corporation, Sharma says Matrix Geo Solutions’ growth validates its long-term strategy of investing early in advanced geospatial technologies and building scalable execution capabilities.
Going forward, the company’s focus is not only achieving strong financial growth, but also building a sustainable and technology-driven organisation.
“With the successful completion of our IPO and listing on the NSE SME Emerge platform in September 2025, we are now entering the next phase of expansion. We hope to establish our company as one of the leading geospatial and digital infrastructure solutions companies globally,” Sharma says.