Frolic Steels Private Limited
About Frolic Steels Private Limited
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Frolic Steels Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 18 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27300WB2018PTC226646. Its GSTIN is 19AADCF4302L1ZN (West Bengal).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.11 Cr. It is led by directors Mayank Agarwal and Vaibhav Agarwal.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 34 Chittaranjan Avenue Room No. M8, Kolkata, West Bengal, India – 700012.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.3 Lakh, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹5.29 Lakh (net margin 28.9%) and EBITDA of ₹8.8 Lakh (EBITDA margin 48.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹2 Cr and satisfied charges of ₹2 Cr on record.
Company details
Contact details
Frolic Steels Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address34 Chittaranjan Avenue Room No. M8, Kolkata, West Bengal, India – 700012
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Frolic Steels 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
Business activity
The main business activity of Frolic Steels is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Frolic Steels Private Limited, buy the company report.
Financials of Frolic Steels Private Limited
FY 2024 filings availableFrolic Steels Private Limited reported revenue of ₹18.3 Lakh (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 6% 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 |
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| EBITDA | ₹8.8 Lakh | ||||
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| Net Profit (PAT) | ₹5.29 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 48.1% | ||||
| Net Profit Margin | 28.9% | ||||
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To see the full financial statements and ratios of Frolic Steels Private Limited, buy the company report.
Board of directors of Frolic Steels Private Limited
Frolic Steels has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayank Agarwal | Director | 13 Jun 2022 | 4 Years 4 Months | Current |
| Vaibhav Agarwal | Director | 16 Jan 2019 | 7 Years 9 Months | Current |
Peer comparison
Frolic Steels Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Real Estate Leasing, Steel), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Opera Builders Limited | ₹18.31 Lakh (FY 2024) | -27.0% | Kota, Rajasthan, India | |||
| D R Vaults Private Limited | ₹18.31 Lakh (FY 2025) | 6.0% | Delhi, India | |||
| Frolic Steels Private Limitedthis company | ₹18.3 Lakh (FY 2025) | ₹5.29 Lakh | 28.9% | -4.0% | Kolkata, West Bengal, India | |
| Mahadev Vyapaar Pvt Ltd | ₹18.29 Lakh (FY 2018) | 2.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Frolic Steels Private Limited, buy the company report.
Auditor
Frolic Steels Private Limited is audited by SUDHIR KUMAR JAIN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDHIR KUMAR JAIN & ASSOCIATES | FY 2023 | 318016E |
Shareholding
The shareholding of Frolic Steels 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 Frolic Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jun 2024 | 100948153 | Bank of India | ₹2 Cr | Open | |
| 03 Nov 2023 | 100818362 | Canara Bank | ₹2 Cr | Satisfied |
To see the full charge records of Frolic Steels Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Frolic Steels Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Frolic Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Frolic Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCF4302L1ZN | West Bengal | Active | 22 Apr 2019 |
To see the full GST registrations and return filing status of Frolic Steels Private Limited, buy the company report.
Recent activity
Frolic Steels Private Limited has 6 board changes on record since 2019: 2 appointments and 4 cessations. The latest: Chirag Agarwal ceased to be Director on 07 Sep 2023.
1 earlier event is in the company report.
Frequently asked questions
Frolic Steels is an active private limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 18 June 2018 (8+ years old) and is registered under CIN U27300WB2018PTC226646.
Frolic Steels has 2 current directors:
- Mayank Agarwal - Director
- Vaibhav Agarwal - Director
The latest financial statements of Frolic Steels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Frolic Steels is 19AADCF4302L1ZN, registered in West Bengal.
The CIN (Corporate Identification Number) of Frolic Steels is U27300WB2018PTC226646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Frolic Steels was incorporated on 18 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Frolic Steels by revenue are Opera Builders Limited, D R Vaults Private Limited, Mahadev Vyapaar Pvt Ltd, all in the Metals and Minerals industry (Real Estate Leasing, Steel), with the same principal business activity (real estate activities with own or leased property).
Chirag Agarwal ceased to be Director on 07 Sep 2023. Mayank Agarwal ceased to be Additional Director on 19 Sep 2022. Mayank Agarwal was appointed as Director on 13 Jun 2022. Frolic Steels has 6 board changes on record in total.
The registered office of Frolic Steels is at 34 Chittaranjan Avenue Room No. M8, Kolkata, West Bengal, India – 700012.
Frolic Steels operates in the metals and minerals industry, in the steel manufacturing and processing segment.
Frolic Steels has open charges of ₹2 Cr and satisfied charges of ₹2 Cr as per latest MCA filings.