Matrimony.com is the largest matchmaking service provider in India. The company offers diversified online matchmaking services, both online and offline, to cater to the unique requirements of Indian-origin consumers. These include regional, community, and tailor-made services for elite segments. The company operates through two primary segments: Matchmaking Services and Marriage Services.
Founded in 1997 and incorporated as Matrimony Services.com Private Limited on July 13, 2001, at Chennai, Tamil Nadu, the company has established itself as a dominant player in the Indian consumer internet space. Matrimony.com Limited was later renamed Bharatmatrimony.com Private Limited with a fresh Certificate of Incorporation on December 15, 2003, and is based in Chennai, India.
The company operates a comprehensive portfolio of matrimonial sites, including BharatMatrimony.com, along with numerous regional platforms such as BengaliMatrimony.com, AssameseMatrimony.com, BihariMatrimony.com, GujaratiMatrimony.com, HindiMatrimony.com, KannadaMatrimony.com, KeralaMatrimony.com, MarathiMatrimony.com, MarwadiMatrimony.com, OriyaMatrimony.com, ParsiMatrimony.com, PunjabiMatrimony.com, RajasthaniMatrinomy.com, SindhiMatrimony.com, TamilMatrimony.com, TeluguMatrimony.com, and UrduMatrimony.com. Additionally, it operates religion-based matrimonial sites like MuslimMatrimony.com, ChristianMatrimony.com, SikhMatrimony.com, JainMatrimony.com, and BuddhistMatrimony.com, as well as social services platforms such as AbilityMatrimony.com and HappyMarriages.com.
Beyond matchmaking, Matrimony.com also provides an asset-light vendor platform for wedding-related services. This includes WeddingBazaar, an online marketplace offering vendors for photography, makeup, mehendi, wedding planning, catering, decorations, etc., and Mandap.com, a platform for booking wedding venues like mandaps, banquet halls, and convention centers.
Currently, the company boasts a paid subscription base of 1 million profiles in FY25 and a large userbase of 3.57 million active profiles. It differentiates itself through a micro-market strategy, offering targeted and customized products and services that meet specific customer requirements across various demographics.
The company's financial performance reflects recent challenges within the industry, although its underlying financial health remains solid.
For the full financial year ended March 31, 2025, Matrimony.com reported a marginal 0.4% decline in consolidated revenue to ₹453 crore. Net profit for FY25 dropped 22% YoY to ₹41 crore, impacted by cost headwinds and tepid revenue expansion. The company's EBITDA for the year came in at ₹55 crore, with the margin narrowing to 12% from 14% in FY24.
For Q1 FY2025, on a consolidated basis, Matrimony.com Ltd reported a profit of Rs 8.18 crore on a total income of Rs 119.61 crore. For the year ended 2024, Matrimony.com Ltd had posted a profit of Rs 49.55 crore on a total income of Rs 481.36 crore.
Matrimony.com reported consolidated billings for Q3 FY25 at Rs 109.4 crores, down from Rs. 116.2 crores in Q3 FY24, indicating a decrease of 5.9% year-on-year (YoY). Revenue for Q3 FY25 stood at Rs. 111.4 crores, a 5.03% YoY decline from Rs. 117.3 crores in Q3 FY24. Consolidated EBITDA also declined by 17.7% YoY.
The company has faced industry-wide challenges, with paid subscriptions for Q3 FY25 standing at 2.4 lakh, compared to 2.6 lakh in Q3 FY24, reflecting a 7.6% YoY decline.
• Operating Revenue (TTM): ₹475.17 Cr.
• Annual Revenue Growth (5-year CAGR): 4.16%
• Pre-tax Margin: 13% (healthy)
• Return on Equity (ROE): 16% (good)
• Debt Status: Debt-free with a strong balance sheet
• EBITDA: ₹680.20 Million INR (TTM), with a current EBITDA margin of 15.33%
• Market Capitalization: ₹1,169 Cr. (as of recent data)
• P/E Ratio (as of 22 May, 2025): 24.38
• P/B Ratio (as of 22 May, 2025): 4.43
Matrimony.com maintains its position as the largest matchmaking service provider in India despite a relatively poor sales growth of 4.16% over the past five years. Its top competitors include platforms like Shaadi, Jeevansathi, and Sangam.
The company acknowledges that the decline in paid subscriptions and overall industry performance is a broader trend affecting all players. Matrimony.com holds leadership positions in both the West and East Indian markets and is actively working to expand its presence and increase penetration in North India.
As of recent data, Matrimony.com Ltd has a Market Cap of ₹1,169 Cr. The PE and PB ratios are 24.38 and 4.43, respectively, as on May 22, 2025. The 52-week high share price for Matrimony.com Ltd is Rs 849.80, and the 52-week low share price is Rs 402.30.
Over the last three years, Matrimony.com Ltd's share price has moved down by 34.02% on BSE. The stock is included in the BSE SmallCap, BSE Allcap, and BSE Consumer Discretionary indices.
MURUGAVEL JANAKIRAMAN serves as the chairman, and S Vijayanand is the company secretary for Matrimony.com Ltd. Promoter holding in Matrimony.com Ltd has increased to 53.26% as of March 2025, up from 51.59% as of September 2024. As per the last reported quarter, Promoter held 53.3%, FIIs held 22.2%, DIIs held 8.6%, and the public held 15.9% of the total shares.
Recent operational changes include the resignation of VP Operations Mayank Anand Jha, effective June 2, 2025. The company has also confirmed meeting all SEBI regulations for FY 2024-25 through its Secretarial Compliance Report. Matrimony.com is actively pursuing diversification efforts, having launched new platforms such as the job portal ManyJobs.com and a new platform to offer wedding loans.
The pressure on margins has been attributed by Matrimony.com to increased customer acquisition spends and ongoing tech investments aimed at enhancing user engagement and operational efficiency. Management expects that strategic initiatives in product innovation, data analytics, and customer experience will lead to improved engagement and monetization in the coming quarters.
Matrimony.com Ltd trades on NSE with the symbol MATRIMONY and on BSE with the code 540704, providing accessibility to investors interested in India's digital matrimony sector. The company's debt-free status and strategic initiatives position it to navigate competitive pressures and capitalize on the long-term growth potential of the Indian matchmaking market.
