Frontline Financial Services Limited - Company Profile

It is a financial services public limited company based in Ahmedabad, Gujarat, India, established in 1991.

1991 Ahmedabad, Gujarat, India Active

Last Updated: January 08, 2026

About Frontline Financial Services Limited

Frontline Financial Services Limited, a active public limited company, was established on 19 September 1991 in Ahmedabad, Gujarat, India. Engaging in diversified financial services within the trade sector, it holds CIN: L65910GJ1991PLC016289. Registered under ROC Roc Ahmedabad. it is listed on BSE: 531685. It has an authorized capital of ₹6.50 Cr and a paid-up capital of ₹5.90 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹2.28 Cr and a net worth of ₹6.43 Cr. Its leadership includes Viki Jayeshkumar Shah (Director), Pradeep Babulal Shah (Director), Raghvendradhari Nandkishor Sharma (Director). Past directors included Viki Jayeshkumar Shah, Chintan Vinodbhai Shah, Bhadresh Manubhai Mehta. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Office No 803, Eighth Floor Wallstreet Ii, Ellisbridge, Ahmedabad, Gujarat, 380006.

Company Details

CIN/LLPIN
L65910GJ1991PLC016289
Registration Number
016289
Incorporation Date
19 September 1991
Authorized Capital
₹6.50 Cr
Paid-Up Capital
₹5.90 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 531685)
Company Status
Active

Key Metrics

Authorised Capital ₹ 6.50 Cr as on 08-01-2026
Paid Up Capital ₹ 5.90 Cr as on 08-01-2026
Company Age 34 Year, 5 Months
Last Filing with ROC 31 Mar 2024
Revenue Growth **** 906.46% (FY 2023)
Profit Growth **** 469.99% (FY 2023)
Ebitda **** -20.34% (FY 2023)
Net Worth 0.79% (FY 2023)
Total Assets **** 2.22% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Frontline Financial Services Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Frontline Financial Services Limited?

Current Directors

Name	Designation	Appointment Date	Status
Viki Jayeshkumar Shah	Director	18 May 2017	Current
Pradeep Babulal Shah	Director	10 Apr 2017	Current
Raghvendradhari Nandkishor Sharma	Director	15 Dec 2021	Current
Sandeep Chhaganlal Mathur	Managing Director	05 Jul 2018	Current
Sejal Kaushikkumar Shah	Director	22 May 2018	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	29 Sep 2017	Past
Pramod Abcsdd	Director	28 May 2017	Past
Pramod Abcsdd	Director	10 Apr 2017	Past
Pramod Abcsdd	Additional Director	29 Sep 2017	Past
Pramod Abcsdd	Additional Director	15 Sep 2022	Past
Pramod Abcsdd	Company Secretary	-	Past

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Financial Performance of Frontline Financial Services.

Frontline Financial Services Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 906.46% increase. The company also saw a substantial improvement in profitability, with a 469.99% increase in profit. The company's net worth moved up by a moderate rise of 0.79%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

906.46%

*******

Revenue from Operations

*******

1728.37%

*******

Total Assets

*******

2.22%

*******

Profit or Loss

*******

469.99%

*******

Net Worth

*******

0.79%

*******

EBITDA

*******

-20.34%

*******

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What is the Ownership and Shareholding Structure of Frontline Financial Services?

In 2022, Frontline Financial Services had a promoter holding of 30.72% and a public holding of 69.28%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Frontline Financial Services?

Unlock and access historical data on people associated with Frontline Financial Services, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Frontline Financial Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Frontline Financial Services's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Frontline Financial Services

Recent Activity within the Organization

Director Appointment

Progress on Isha Badruka was appointed as a Company Secretary was appointed as a Company Secretary on 07 Oct 2024 & has been associated with this company since 1 year 4 months . was documented.
07 Oct 2024
Annual General Meeting

Progress on Frontline Financial Services Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.
30 Sep 2024
Balance Sheet

Frontline Financial Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad. was recorded as a recent event.
31 Mar 2024
Director Appointment

The activity Raghvendradhari Nandkishor Sharma was appointed as a Director was appointed as a Director on 15 Dec 2021 & has been associated with this company since 4 years 2 months . was completed.
15 Dec 2021
Director Appointment

Sandeep Chhaganlal Mathur was appointed as a CFO was appointed as a CFO on 29 Sep 2018 & has been associated with this company since 7 years 5 months . was recorded as a recent event.
29 Sep 2018
Director Appointment

Progress on Sandeep Chhaganlal Mathur was appointed as a Managing Director was appointed as a Managing Director on 05 Jul 2018 & has been associated with this company since 7 years 7 months . was documented.
05 Jul 2018

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