The present invention relates to oral modified release compositions comprising plurality of modified release matrix particles and at least one pharmaceutically acceptable excipient; wherein the modified release matrix particles comprise at least one active agent, at least one release controlling agent and at least one pharmaceutically acceptable excipient. Further, the modified release composition is in the form of a suspension, dry formulation for reconstitution or dispersible tablet. The present invention also relates to a process for the preparation of these oral modified release pharmaceutical formulations.