About Frontier Capital Limited
Data last updated:
Frontier Capital Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Inimitable Capital Finance Private Limited. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 13 June 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65990MH1984PLC033128. The company has 1 GST registration on record, which is no longer active. Its shares are listed on BSE: 508980.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹16.76 Cr. It was formerly known as Frontier Leasing and Finance Limited. It is led by directors including Hemendranath Rajendranath Choudhary (Whole-Time Director) and Mayur Nagindas Doshi.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.11 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹83.59 Lakh (net margin 75.2%) and EBITDA of ₹84.09 Lakh (EBITDA margin 75.7%). Revenue has grown at a compounded annual rate (CAGR) of 209% over three years and 4% over five years.
The company is associated with 2 brands: Frontier leasing and Finance and Frontier Capital Limited. The company has 42 deals on record (41 market trades, 1 acquisition); the latest was in August 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website frontiercapital.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1206 Plot – 453 Lodha Supremus, Senapati Bapat Marg Lower Parel Delisle Road, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
- 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
- One PDF report, delivered after checkout
Business Activity of Frontier Capital Limited
The main business activity of Frontier Capital is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Frontier Capital Limited FY 2025 filings available
Frontier Capital Limited reported revenue of ₹1.11 Cr (up 260% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Frontier Capital Limited
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 260% growth in the latest year. EBITDA rose 200% 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 of Frontier Capital Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | ₹84.09 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹83.59 Lakh | •••• | •••• | •••• | •••• |
| 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 of Frontier Capital Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 75.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 75.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Frontier Capital are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Frontier Capital Limited
Frontier Capital Limited is audited by A C BHUTERIA & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A C BHUTERIA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Frontier Capital Limited
Frontier Capital has 6 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemendranath Rajendranath Choudhary | Whole-Time Director | 21 Apr 2016 | 10 Years 5 Months | Current |
| Mayur Nagindas Doshi Also directs: Asia Motorworks Limited, Tranztar Commercial Vehicle Applications Limited, Amw Finance Limited and 3 more | Director | 02 Dec 2021 | 4 Years 10 Months | Current |
| Sonali Omkar Patil Also directs: Kosha Fine Jewels Limited, Zdvisor Technologies Private Limited, Anandvan Defi Academy Private Limited and 1 more | Director | 23 Aug 2022 | 4 Years 1 Months | Current |
| Sumana Raychaudhuri Also directs: Century Aluminium Manufacturing Co Ltd, Camco Multi Metal Limited | Director | 04 Sep 2025 | 1 Years 1 Months | Current |
| Prodyut Banerjee | Director | 12 May 2025 | 1 Years 4 Months | Current |
| George Sundersingh John Davis | Director | 20 Mar 2024 | 2 Years 6 Months | Current |
Ownership and Shareholding of Frontier Capital Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Frontier Capital Limited
Frontier Capital Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Frontier Capital Limited
Frontier Capital Limited has 42 deals on record (41 market trades, 1 acquisition); the latest was in August 2026.
Deals on record (5 of 42)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹12.5 Lakh | Buyer: Nivesh Consultancy Private Limited Seller: Nivesh Consultancy Private Limited |
| Oct 2025 | Market trade | ₹9.7 Lakh | Seller: Altizen Ventures LLP |
| Oct 2025 | Market trade | ₹9.7 Lakh | Buyer: Altizen Ventures LLP Seller: Pashupati Capital Services Private Limited |
| Mar 2024 | Market trade | ₹65.1 Lakh | Seller: Multiplier Share and Stock Advisors Private Limited |
| Feb 2024 | Market trade | ₹35.6 Lakh | Seller: Multiplier Share and Stock Advisors Private Limited |
Full deal history
All 42 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Frontier Capital Limited
Frontier Capital operates two associated brands: Frontier leasing and Finance and Frontier Capital Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides commercial finance solutions for businesses. | flflindia.com | |
| Frontier Capital Limited is engaged in asset and financial services. | frontiercapital.in |
Employees and EPFO Compliance at Frontier Capital Limited
Employment history and EPFO contributions of people linked to Frontier Capital.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Frontier Capital Limited
Frontier Capital Limited has 50 board changes on record since 2002: 28 appointments and 22 cessations. The latest: Sumana Raychaudhuri was appointed as Director on 04 Sep 2025.
41 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Frontier Capital Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Frontier Capital Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Frontier Capital Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Frontier Capital Limited
Frontier Capital has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Frontier Capital Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Frontier Capital Limited
Frontier Capital is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 13 June 1984 (42+ years old) and is registered under CIN L65990MH1984PLC033128. Listed on BSE: 508980.
Frontier Capital reported revenue of ₹1.11 Cr for FY 2022 (up 260% YoY).
Frontier Capital has 6 current directors:
- Hemendranath Rajendranath Choudhary - Whole-Time Director
- Mayur Nagindas Doshi - Director
- Sonali Omkar Patil - Director
- Sumana Raychaudhuri - Director
- Prodyut Banerjee - Director
- George Sundersingh John Davis - Director
Frontier Capital reported a net profit of ₹83.59 Lakh (net margin 75.2%) and EBITDA of ₹84.09 Lakh (EBITDA margin 75.7%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Frontier Capital is 209% over three years and 4% over five years. In the latest year (FY 2022) revenue rose 260%. CAGR is the steady yearly rate that links the first and the last year.
No. Frontier Capital has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Frontier Capital is L65990MH1984PLC033128. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Frontier Capital is listed on BSE with code 508980.
Frontier Capital was incorporated on 13 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Frontier Capital has 42 deals on record (41 market trades, 1 acquisition); the latest was in August 2026.