With a presence across all of India, Updater Services is a premier, specialised, and integrated business services platform that provides business support services (BSS) and integrated facilities management (IFM) services. The business, which has the greatest service offering in the sector and is the second-largest player in the Indian IFM market, stands out from the competition.

Through its subsidiary Matrix, the BSS segment provides audit and assurance services. According to F&S Report, Matrix is a leading provider of audit and assurance services for dealer/distributor audits and retail audits. The company’s strong branch network and field associate network have helped it become the market leader in India with a 19.2% market share in the fiscal year 2023.

The company also offers employee background verification check services through Matrix and in this segment, Matrix is the third largest company in India with a share of 5.4% in FY 2023.