About Frontier Alloy Steels Limited
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Frontier Alloy Steels Limited is a public limited company based in Kanpur Dehat, Uttar Pradesh, India. It operates in the railway equipment and supply segment of the transport and logistics sector. It was incorporated on 12 June 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U27105UP1986PLC007967. Its GSTIN is 09AAACF2268G1ZP (Uttar Pradesh). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹8.51 Cr. It was formerly known as Frontier Alloy Steels Private Limited. It is led by directors including Chetan Bhatia (Managing Director) and Manu Bhatia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Km 25/5 & 6 Kalpi Road Rania, Kanpur Dehat, Uttar Pradesh, India – 209304.
As per the financials filed for FY 2025, the company reported a revenue of ₹520.16 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹101.2 Cr (net margin 19.5%) and EBITDA of ₹148.66 Cr (EBITDA margin 28.6%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 8% over five years.
The company has about 603 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹91.56 Cr and satisfied charges of ₹95.12 Cr on record. Court records list 28 cases involving the company, including 23 filed by the company and 5 filed against it; 4 cases are pending. The company has 10 deals on record (6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹4.35 Cr; the latest was in March 2025. Its 5 peer companies in the Transport and Logistics industry (Railway Equipment and Products), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 3 smaller; the largest is Royal Infraconstru Limited with revenue of ₹758.38 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website frontieralloy.com.
Company details
Contact details
Frontier Alloy Steels Limited's registered office is in Kanpur Dehat, Uttar Pradesh. Its website is frontieralloy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKm 25/5 & 6 Kalpi Road Rania, Kanpur Dehat, Uttar Pradesh, India – 209304
- IndustryTransport and Logistics, Railway Equipment & Supply
To see the full contact details of Frontier Alloy Steels 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 Frontier Alloy Steels is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Frontier Alloy Steels Limited, buy the company report.
Financials of Frontier Alloy Steels Limited
FY 2025 filings availableFrontier Alloy Steels Limited reported revenue of ₹520.16 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 2% growth in the latest year. EBITDA rose 3% 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 | ₹148.66 Cr | ||||
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| Net Profit (PAT) | ₹101.2 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.6% | ||||
| Net Profit Margin | 19.5% | ||||
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To see the full financial statements and ratios of Frontier Alloy Steels Limited, buy the company report.
Board of directors of Frontier Alloy Steels Limited
Frontier Alloy Steels has 6 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Pal Sethi | Director | 30 May 2018 | 8 Years 5 Months | Current |
| Manu Bhatia Also directs: Frontier Traction Private Limited | Whole-Time Director | 28 Jul 2005 | 21 Years 3 Months | Current |
| Chetan Bhatia Also directs: Frontier Traction Private Limited | Managing Director | 28 Sep 1991 | 35 Years 1 Months | Current |
| Chandan Bhatia Also directs: Frontier Traction Private Limited | Whole-Time Director | 01 Apr 2009 | 17 Years 7 Months | Current |
| Shyama Bhatia | Additional Director | 11 Jan 2025 | 1 Years 9 Months | Current |
| Dilip Kumar Dheer Also directs: Knowledgehouse Limited | Director | 03 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Frontier Alloy Steels Limited is compared with the 5 companies closest to it by revenue in the Transport and Logistics industry (Railway Equipment and Products), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Royal Infraconstru Limited | ₹758.38 Cr (FY 2025) | -17.0% | Kolkata, West Bengal, India | |||
| Melbrow Engineering Works Pvt Ltd | ₹528.18 Cr (FY 2025) | 8.0% | Kolkata, West Bengal, India | |||
| Frontier Alloy Steels Limitedthis company | ₹520.16 Cr (FY 2025) | ₹101.2 Cr | 19.5% | 2.0% | 603 | Kanpur Dehat, Uttar Pradesh, India |
| Pandrol Rahee Technologies Private Ltd | ₹480.38 Cr (FY 2025) | 82.0% | Kolkata, West Bengal, India | |||
| Oriental Foundry Private Limited | ₹458.23 Cr (FY 2025) | 27.0% | Mumbai, Maharashtra, India | |||
| Avadh Rail Infra Limited | ₹447.18 Cr (FY 2025) | 9.0% | Chengalpattu, Tamil Nadu, India |
To see the full peer comparison of Frontier Alloy Steels Limited, buy the company report.
Auditor
Frontier Alloy Steels Limited is audited by Sudhindra Jain & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sudhindra Jain & Co. | FY 2023 | 001614C |
Shareholding
The shareholding of Frontier Alloy Steels 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 Alloy Steels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2025 | 101146840 | Others | ₹25 Lakh | Open | |
| 17 Aug 2024 | 100967588 | Others | ₹70 Lakh | Open | |
| 05 Aug 2024 | 100967590 | Others | ₹30 Lakh | Open | |
| 29 Aug 2023 | 100781599 | Axis Bank Limited | ₹11 Cr | Open | |
| 14 Mar 2023 | 100712702 | Hdfc Bank Limited | ₹30 Lakh | Open |
To see the full charge records of Frontier Alloy Steels Limited, buy the company report.
Total charge records: 61 View all charges
Deals & funding
Frontier Alloy Steels Limited has 10 deals on record (6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹4.35 Cr; the latest was in March 2025.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Oct 2024 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Nov 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Seller: Frontier Springs Limited. , 3 individuals |
| Feb 2010 | Funding round | ₹40 Lakh | Investors: Urvashi Transport Company Private Limited, Sona Electrical Services Private Limited , Project Portfolio Management Private Limited |
To see the full deal history of Frontier Alloy Steels 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 Alloy Steels Limited has 28 court cases on record: 23 filed by Frontier Alloy Steels, 5 filed against it. 4 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 1 | 2 |
| District courts | 5 | 3 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Lucknow, Uttar Pradesh | Criminal case | Filed against the company by State of Up | Pending |
| High Court, HIMACHAL PRADESH | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, New Delhi, Delhi | Arbitration matter | Filed by the company against Union of India | Pending |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against State of U.P. and Others | Pending |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Frontier Alloy Steels 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.
Credit ratings & regulatory alerts
Frontier Alloy Steels Limited was last rated by Crisil on 27 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Oct 2020 |
To see the full credit ratings and regulatory alerts of Frontier Alloy Steels Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Frontier Alloy Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Frontier Alloy Steels Limited has a workforce of 603 employees on its EPFO records as of Mar 29, 2024, across 3 active EPFO establishments.
GST
Frontier Alloy Steels has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACF2268G1ZP | Uttar Pradesh | Active | 01 Jul 2017 |
| 02AAACF2268G2Z2 | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Frontier Alloy Steels Limited, buy the company report.
Recent activity
Frontier Alloy Steels Limited has 27 board changes on record since 1991: 6 appointments and 21 cessations. The latest: Shyama Bhatia was appointed as Additional Director on 11 Jan 2025.
136 earlier events are in the company report.
Frequently asked questions
Frontier Alloy Steels is an active public limited company based in Kanpur Dehat, Uttar Pradesh, India. The company works in railway equipment and supply, within the transport and logistics industry. It was incorporated on 12 June 1986 (40+ years old) and is registered under CIN U27105UP1986PLC007967.
Frontier Alloy Steels has 6 current directors:
- Chetan Bhatia - Managing Director
- Manu Bhatia - Whole-Time Director
- Chandan Bhatia - Whole-Time Director
- Yash Pal Sethi - Director
- Shyama Bhatia - Additional Director
- Dilip Kumar Dheer - Director
The latest financial statements of Frontier Alloy Steels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Frontier Alloy Steels is 09AAACF2268G1ZP, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 02AAACF2268G2Z2 (Himachal Pradesh).
The CIN (Corporate Identification Number) of Frontier Alloy Steels is U27105UP1986PLC007967. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Frontier Alloy Steels has 28 court cases on record: 23 filed by the company and 5 filed against it. 4 are pending. Most are in the high courts.
Frontier Alloy Steels was incorporated on 12 June 1986, making it 40+ years old. It is registered with the Registrar of Companies, Kanpur.
Frontier Alloy Steels has 10 deals on record (6 funding rounds, 4 secondary share transfers), with disclosed funding of ₹4.35 Cr; the latest was in March 2025.
The peers of Frontier Alloy Steels by revenue are Royal Infraconstru Limited, Melbrow Engineering Works Pvt Ltd, Pandrol Rahee Technologies Private Ltd, Oriental Foundry Private Limited, Avadh Rail Infra Limited, all in the Transport and Logistics industry (Railway Equipment and Products), with the same principal business activity (metal and metal products).
Shyama Bhatia was appointed as Additional Director on 11 Jan 2025. Dilip Kumar Dheer ceased to be Additional Director on 29 Sep 2024. Dilip Kumar Dheer was appointed as Director on 03 Feb 2024. Frontier Alloy Steels has 27 board changes on record in total.
Frontier Alloy Steels can be reached through the website frontieralloy.com. Its registered office is in Kanpur Dehat, Uttar Pradesh, India.
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