About FRS labs
FRS labs is a Technology company based in Bengaluru (India) founded in 2010 by Shankar Palaniyandi. It operates as an identity verification and fraud prevention platform. It operates in the Technology, Industrial Goods & Manufacturing, and Financial Services sectors. The company has 22 employees. Its chief executive is Shankar Palaniyandi. Its Indian entity Frslabs Research Systems Private Limited reported revenue of ₹3.01 Cr. Its focus areas include FinTech, RegTech, Suite and Enterprise Infrastructure. Its competitors include Perfios, IDnow, Signicat, Riskified and Onfido and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
FRS Labs was founded in 2010 and is headquartered in Bengaluru, India. Operations focus on the identity verification and fraud prevention sector. Customer identities are verified, fraud is detected, and compliance with data privacy laws is maintained. Services such as video KYC, customer onboarding, and data protection are delivered to businesses and organizations via a no-code dashboard and API tools for secure monitoring.
- Headquarters Bengaluru, India
- Employees 22
- Founders Shankar Palaniyandi
- SectorsTechnologyIndustrial Goods & Manufacturing Financial Services
- Email••••••••
- Website frslabs.com
- Social LinkedIn X
- Legal Name Frslabs Research Systems Private Limited
- Date of Incorporation 23 Feb, 2010
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹3.01 Cr
FY 2025 · -5% YoY
- Net Loss-₹63 Lakh
FY 2025 · -21% margin
- EBITDA-₹79.6 Lakh
FY 2025 · -26% margin
- Investors
- Employee Count22
Associated legal entities of FRS labs
FRS labs operates through Frslabs Research Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Frslabs Research Systems Private Limited CIN U72400KA2010PTC052646 | Active | 23 Feb 2010 | Bengaluru, Karnataka | ₹3.0 Cr | 22 | 2 | View details |
Funding Insights of FRS labs
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of FRS labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2017 | – | Seed | – | – |
1 investors in total: 1 institutional.
Investors in FRS labs
FRS labs has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include YES FINTECH.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
FinTech startups are accelerated via a 14-week program in Mumbai. | – | yesfintech.com | Mumbai, India |
Investor details for FRS labs
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Board of directors of Frslabs Research Systems Private Limited (FRS labs)
Frslabs Research Systems Private Limited is the primary company behind FRS labs. The board of Frslabs Research Systems Private Limited currently have 2 directors; the longest-serving is Palaniandy Shankar, appointed in 2010. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Palaniandy Shankar DIN 02938998 | Director | 23 Feb 2010 | 16 yrs 7 mo | Frslabs Research Systems Private Limited |
| Palanikrishnan Balakrishnan DIN 08188446 | Director | 21 May 2018 | 8 yrs 5 mo | Frslabs Research Systems Private Limited |
People of FRS labs
4 people are tracked at FRS labs (2 in leadership, 2 in team); the tracked headcount is 22.
| Name | Role | Group |
|---|---|---|
Shankar Palaniyandi | Founder & CEO | Leadership |
| Founder & CEO | Leadership | |
Amal Krishnan | Principal Engineer | Team |
Sundar Balamurugan | Computer Vision Engineer | Team |
Complete people profiles for FRS labs
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Financials of FRS labs
Figures of Frslabs Research Systems Private Limited, the primary company behind FRS labs, for FY 2025. Revenue was ₹3.01 Cr (-5% year on year). Net loss was -₹63 Lakh (-21% margin). EBITDA was -₹79.6 Lakh (-26% margin). Revenue has grown at a compounded annual rate of -5% over three years and +4% over five years.
- ₹3.01 CrRevenue · FY 2025 · -5% YoY
- -₹63 LakhNet loss · -21% margin
- -₹79.6 LakhEBITDA · -26% margin
- ₹1 LakhPaid-up capital
- 22Employees (provident fund records)
- -5%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Frslabs Research Systems Private Limited are on its company page.
Detailed financial statements for FRS labs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of FRS labs
2 dated milestones of FRS labs across 7 years, from founding to its latest funding, stage changes and deals.
- Founded FRS labs is founded.
- Funding First funding round.
Competitors of FRS labs
FRS labs has 10 listed competitors in our database, 9 of them funded. They include Perfios, IDnow, Signicat, Riskified and Onfido, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.77M | – | Provides financial technology solutions for data analysis and verification globally. | |
| idnow.io | 2010 | Munich, Germany | $40M | 29 | Automated and expert-led identity verification services are provided. | |
| signicat.com | 2006 | Trondheim, Norway | $2.09M | 150 | Software solutions for identity management are provided via APIs. | |
| riskified.com | 2013 | New York, United States | $232.02M | 781 | AI-based fraud prevention for e-commerce payments is provided. | |
| onfido.com | 2012 | London, United Kingdom | $242.38M | 516 | Identity verification solutions are provided, including document and biometric authentication. | |
| hidglobal.com | 1991 | Austin, United States | – | – | Cloud-based physical identity and access management systems are developed. | |
| alloy.com | 2015 | New York, United States | $211.37M | 216 | Identity decisioning platform is provided for banks and fintech firms. | |
| idfy.com | 2011 | Mumbai, India | $56.03M | 587 | Identity verification, background screening, and fraud prevention solutions are provided. | |
| signifyd.com | 2011 | Palo Alto, United States | $394.38M | 399 | Provider of fraud prevention and payment validation for online retailers | |
| yoti.com | 2014 | London, United Kingdom | $48.99M | 318 | Identity verification solutions are provided for multiple industries digitally. |
Detailed competitors of FRS labs
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Web traffic of FRS labs
The website of FRS labs (frslabs.com) receives about 6.8K visits a month.
- Monthly visits6.8K
▼ 21.4% vs previous month
Top companies in GRC, Risk & Compliance Software
10 companies that operate in the same segment as FRS labs (GRC, Risk & Compliance Software), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | – | 350 | |
Cloud security posture management solutions are provided by the platform. | 2000 | Sunnyvale, California, United States | USD 54.2 M | USD 6.8 B | 14,140 | |
Digital workplace safety tools for inspections and audits are provided. | 2004 | Surry Hills, New South Wales, Australia | USD 297.93 M | USD 105.3 M | 506 | |
Compliance and risk management platform is offered to enterprises. | 2016 | San Francisco, California, United States | USD 504 M | – | 1,996 | |
Cloud-based tax compliance solutions are delivered for businesses worldwide. | 2004 | Seattle, Washington, United States | USD 342.97 M | USD 65.53 M | 1,623 | |
Hybrid cloud infrastructure solutions are delivered for business management. | 1977 | Austin, Texas, United States | – | USD 1.79 B | 8,890 | |
Cloud based identity governance and administration software | 2005 | Austin, Texas, United States | USD 26.65 M | USD 1.07 B | 2,740 | |
Online payment solutions are offered to consumers and businesses. | 1998 | San Jose, California, United States | USD 216 M | USD 31.79 B | 24,400 |
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Related news about Frs Labs
Complete news archive for FRS labs
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Frequently Asked Questions about FRS labs
FRS labs was founded in 2010 and raised its 1st funding round 7 years after it was founded.
FRS labs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shankar Palaniyandi is the current CEO of FRS labs. They have also founded this company.
FRS labs has 22 employees.
The primary company behind FRS labs, Frslabs Research Systems Private Limited, reported revenue of ₹3.01 Cr for FY 2025, down 5% year on year.
FRS Labs was founded in 2010 and is headquartered in Bengaluru, India. Operations focus on the identity verification and fraud prevention sector. Customer identities are verified, fraud is detected, and compliance with data privacy laws is maintained. Services such as video KYC, customer onboarding, and data protection are delivered to businesses and organizations via a no-code dashboard and API tools for secure monitoring.
FRS labs has 1 investor. Key investors include YES FINTECH.
FRS labs operates through Frslabs Research Systems Private Limited.
The legal entities of FRS labs currently have 2 directors, including Palaniandy Shankar, Palanikrishnan Balakrishnan.