Thanks for the reply Greg Locock.
For now I need to do it only one way i.e from ADAMS to MATLAB. I find it very inconvenient to import ADAMS results to a excel sheet and then import this excel sheet to MATLAB everytime. Regarding ADAMS/CONTROL, I even read about it, but its not the thing actually I'm lloking for. I just need an easier way to directly feed some variable values from ADAMS to MATLAB directly.