Case Study

Matrix Cosec Comprehensive Time-Attendance and Access Control Solutions to Indianivesh for Enhancing its Financial Services


India Nivesh is one of the leading financial services conglomerate in India. IndiaNivesh is into various aspects of investment banking and consulting business. It plans to emerge as a dynamic, customer-centric, and progressive financial group in the country with PAN India presence. Having its head office in Mumbai, IndiaNivesh is growing with eight regional offices and 29 branch offices across India.


  • Application: Time-Attendance and Access Control
  • Locations: 32 (PAN India)
  • Users: 500
  • Units Installed: 60
  • Readers: Fingerprint and RFID Card


IndiaNivesh being widely involved in financial services business with 29 branch offices and 8 regional offices across India, required eradication of forged attendance data and manual attendance process, as security is a crucial aspect for them. To streamline and manage attendance data of all employees accurately and perform calculation of error-free salary has been a tedious task. It has been challenging to integrate their existing payroll software with the Time-Attendance software.


Matrix offered COSEC Time-Attendance solution which has web based architecture and helped in connecting all its regional and branch offices to their head office in Mumbai. Implemented automatic salary calculation as Matrix COSEC Time-Attendance software got easily integrated with existing payroll software.


  • Real-time Attendance of all Employees at a Centralized Location
  • Integration with its Existing Payroll Software
  • Ease of Implementation using the Existing Infrastructure
  • Fraudulent Time-keeping is Completely Eliminated
  • Accurate In/Out Time of Each Employee
  • Live Monitoring of In/Out Timing
  • Generation of Time-Attendance and Access Control Reports and Charts for all Branches
  • Improved Overall Productivity of the Organization
  • Continuous Operations with Excellent Service Support


COSEC DOOR FOP – Optical Fingerprint based Door Controller for Access Control and Time-Attendance
COSEC DOOR CAS – Card based Door Controller for Access Control and Time-Attendance
COSEC PANEL – Site Controller to Manage Multiple Door Controllers and Advanced Access Control Features
COSEC LE PLATFORM – Application Server Platform for 1000 Users and Expandable up to One million Users
COSEC LE TAM – Comprehensive Time- Attendance and Leave Management Module for COSEC LE Platform
COSEC LE ACM – Comprehensive Access Control Module for COSEC LE Platform


Established in 1991, Matrix is a leader in Security and Telecom solutions for modern businesses and enterprises. An innovative, technology driven and customer focused organization; the company is committed to keep pace with the revolutions in the Security and Telecom industries. With around 40% of its human resources dedicated to the development of new products, Matrix has launched cutting-edge products like Video Surveillance Systems – Video Management Software, Network Video Recorder and IP Camera, Access Control and Time-Attendance Systems as well as Telecom Solutions such as Unified Communications, IP-PBX, Universal Gateways, VoIP and GSM Gateways and Communication Endpoints.

These solutions are feature-rich, reliable and conform to the international standards. Having global foot-prints in Asia, Europe, North America, South America and Africa through an extensive network of more than 2,500 channel partners, Matrix ensures that the products serve the needs of its customers faster and longer. Matrix has gained trust and admiration customers representing the entire spectrum of industries. Matrix has won many international awards for its innovative products.

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