About Frontier Markets Consulting Private Limited
Data last updated:
Frontier Markets Consulting Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 19 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U74140RJ2011PTC054922. Its GSTIN is 08AABCF7366A1ZT (Rajasthan). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹17.64 Lakh and a paid-up capital of ₹9.06 Lakh. It is led by directors including Paula Ravindra Mariwala and Ajaita Shah.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 782 Iind Floor Churukon Ka Rasta Chaura Rasta, Jaipur, Rajasthan, India – 302003.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.97 Cr, a growth of 131% compared to the previous year. For the same year it recorded a net loss of ₹4.53 Cr (net margin -20.6%) and EBITDA of ₹17.92 Lakh (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 4% over five years.
The company has about 128 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Frontier Markets. Court records list 1 case involving the company, including 1 filed against it. The company has 14 deals on record (7 convertible or debt financings, 4 funding rounds, 2 rights issues), with disclosed funding of ₹36.51 Cr; the latest was in August 2023. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 16 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website frontiermkts.com.
Company details
CIN history
Frontier Markets Consulting has one previous CIN (Corporate Identification Number): U74140DL2011PTC219475. The current CIN is U74140RJ2011PTC054922, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140RJ2011PTC054922 | Current |
| U74140DL2011PTC219475 | Previous |
Contact details
Frontier Markets Consulting Private Limited's registered office is in Jaipur, Rajasthan. Its website is frontiermkts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address782 Iind Floor Churukon Ka Rasta Chaura Rasta, Jaipur, Rajasthan, India – 302003
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Frontier Markets Consulting Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Frontier Markets Consulting operates one associated brand: Frontier Markets. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar installations are provided in urban and rural areas. | frontiermkts.com |
Business activity
The main business activity of Frontier Markets Consulting is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Frontier Markets Consulting Private Limited, buy the company report.
Financials of Frontier Markets Consulting Private Limited
FY 2025 filings availableFrontier Markets Consulting Private Limited reported revenue of ₹21.97 Cr (up 131% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 131% growth in the latest year. EBITDA fell 83% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.53 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | -20.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Frontier Markets Consulting Private Limited, buy the company report.
Board of directors of Frontier Markets Consulting Private Limited
Frontier Markets Consulting has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paula Ravindra Mariwala Also directs: Aureolis Ventures LLP, Ivar Carbons Private Limited, Scientific Precision Private Limited and 5 more | Director | 15 Apr 2013 | 13 Years 7 Months | Current |
| Audrey Selian Matian | Nominee Director | 06 Mar 2024 | 2 Years 8 Months | Current |
| Ajaita Shah Also directs: Ajaita Shah Women Impact Foundation | Director | 19 May 2011 | 15 Years 5 Months | Current |
| Sharda Balaji Also directs: July Ventures LLP, Lexcapital Ventures Private Limited, Novojuris Services India Private Limited and 1 more | Director | 26 Nov 2021 | 4 Years 11 Months | Current |
Auditor
Frontier Markets Consulting Private Limited is audited by VPS & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VPS & Co. | FY 2023 | 016396C |
Shareholding
The shareholding of Frontier Markets Consulting Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Frontier Markets Consulting Private Limited, buy the company report.
Deals & funding
Frontier Markets Consulting Private Limited has 14 deals on record (7 convertible or debt financings, 4 funding rounds, 2 rights issues), with disclosed funding of ₹36.51 Cr; the latest was in August 2023.
Deals on record (4 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Lumis Partners Seller: an individual |
| Dec 2014 | Rights issue | ₹6 Lakh | Investors: an individual |
| Oct 2014 | Funding round · Seed | ₹1.19 Cr | Investors: Rianta Capital, Antara Ventures, Beyond Capital Fund |
| Jul 2014 | Rights issue | ₹25 Lakh | Investors: Seed Advisors |
To see the full deal history of Frontier Markets Consulting Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Frontier Markets Consulting Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Alwar, Rajasthan | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Frontier Markets Consulting Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Frontier Markets Consulting Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 16 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mobinius Technologies Private Limited | |||
| Primus Partners Private Limited |
To see the full MSME payment records of Frontier Markets Consulting Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Frontier Markets Consulting Private Limited has a workforce of 128 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 128 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Frontier Markets Consulting Private Limited, buy the company report.
GST
Frontier Markets Consulting has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCF7366A1ZT | Rajasthan | Active | 01 Jul 2017 |
| 09AABCF7366A1ZR | Uttar Pradesh | Active | 02 May 2022 |
| 27AABCF7366A1ZT | Maharashtra | Active | 28 Feb 2025 |
To see the full GST registrations and return filing status of Frontier Markets Consulting Private Limited, buy the company report.
Recent activity
Frontier Markets Consulting Private Limited has 9 board changes on record since 2011: 4 appointments and 5 cessations. The latest: Audrey Selian Matian was appointed as Nominee Director on 06 Mar 2024.
News
Frequently asked questions
Frontier Markets Consulting is an active private limited company based in Jaipur, Rajasthan, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 19 May 2011 (15+ years old) and is registered under CIN U74140RJ2011PTC054922.
Frontier Markets Consulting has 4 current directors:
- Paula Ravindra Mariwala - Director
- Audrey Selian Matian - Nominee Director
- Ajaita Shah - Director
- Sharda Balaji - Director
The latest financial statements of Frontier Markets Consulting on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Frontier Markets Consulting is 08AABCF7366A1ZT, registered in Rajasthan. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 09AABCF7366A1ZR (Uttar Pradesh), 27AABCF7366A1ZT (Maharashtra).
The CIN (Corporate Identification Number) of Frontier Markets Consulting is U74140RJ2011PTC054922. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Frontier Markets Consulting has 1 court case on record: 1 filed against it.
Frontier Markets Consulting was incorporated on 19 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Jaipur.
Frontier Markets Consulting has 14 deals on record (7 convertible or debt financings, 4 funding rounds, 2 rights issues), with disclosed funding of ₹36.51 Cr; the latest was in August 2023.
Audrey Selian Matian was appointed as Nominee Director on 06 Mar 2024. Loic Vaslet De Fontaubert ceased to be Nominee Director on 28 Sep 2023. Sharda Balaji was appointed as Director on 26 Nov 2021. Frontier Markets Consulting has 9 board changes on record in total.
Frontier Markets Consulting has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 16 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Frontier Markets Consulting can be reached through the website frontiermkts.com. Its registered office is in Jaipur, Rajasthan, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
