MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0009678
Frslabs Research Systems Private Limited - information technology in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.01 Cr
▼ 5% YoY
Net loss · FY 2025
₹63.05 Lakh
Net margin -20.9%
EBITDA · FY 2025
-₹79.56 Lakh
EBITDA margin -26.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
16 yrs
Est. 2010
Employees · EPFO
22
Provident fund records
Directors on board
2
As per MCA filings
About Frslabs Research Systems Private Limited
Data last updated:
Frslabs Research Systems Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the database management and solutions segment of the technology and IT services sector. It was incorporated on 23 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72400KA2010PTC052646. Its GSTIN is 29AABCF4714E2ZU (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Palaniandy Shankar and Palanikrishnan Balakrishnan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bhive Workspace L – 148 5th Main Sector 6 Hsr Layout, Bengaluru, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.01 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹63.05 Lakh (net margin -20.9%) and EBITDA of -₹79.56 Lakh (EBITDA margin -26.4%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 4% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: KYZO and FRS labs.
Frslabs Research Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0009678). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website frslabs.com.
Company details
CIN U72400KA2010PTC052646
Registration Number 052646
Incorporation Date 23 February 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0009678
Recognitions & Rankings of Frslabs Research Systems
Contact details
Frslabs Research Systems Private Limited's registered office is in Bengaluru, Karnataka. Its website is frslabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBhive Workspace L – 148 5th Main Sector 6 Hsr Layout, Bengaluru, Karnataka, India – 560102
- IndustryInformation Technology, Database Management & Solutions
To see the full contact details of Frslabs Research Systems Private Limited, buy the company report.
Comprehensive company report
Frslabs Research Systems Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Frslabs Research Systems operates two associated brands: KYZO and FRS labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides an app-based platform for secure storage and sharing of KYC documents. | kyzo.app | |
| Identity verification and fraud prevention platform | frslabs.com |
Business activity
The main business activity of Frslabs Research Systems is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Frslabs Research Systems Private Limited, buy the company report.
Financials of Frslabs Research Systems Private Limited
FY 2025 filings availableFrslabs Research Systems Private Limited reported revenue of ₹3.01 Cr (down 5% YoY) for FY 2025.
Revenue · FY 2025
₹3.01 Cr ▼ 5%
Net loss · FY 2025
₹63.05 Lakh margin -20.9%
EBITDA · FY 2025
-₹79.56 Lakh margin -26.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▼ 5%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 81%
5 years · compounded
▼ 46%
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 14% 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 | -₹79.56 Lakh | ||||
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| Net Profit (PAT) | -₹63.05 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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| EBITDA Margin | -26.4% | ||||
| Net Profit Margin | -20.9% | ||||
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To see the full financial statements and ratios of Frslabs Research Systems Private Limited, buy the company report.
Board of directors of Frslabs Research Systems Private Limited
Frslabs Research Systems has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palaniandy Shankar | Director | 23 Feb 2010 | 16 Years 7 Months | Current |
| Palanikrishnan Balakrishnan | Director | 21 May 2018 | 8 Years 5 Months | Current |
Auditor
Frslabs Research Systems Private Limited is audited by J U Damniya & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J U Damniya & Co | FY 2023 | 152841W |
Shareholding
The shareholding of Frslabs Research Systems Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Frslabs Research Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Frslabs Research Systems 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 Frslabs Research Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Frslabs Research Systems Private Limited has a workforce of 22 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
22
Active EPFO establishments
1
Employee growth
29.41%
GST
Frslabs Research Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCF4714E2ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Frslabs Research Systems Private Limited, buy the company report.
Recent activity
Frslabs Research Systems Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Palanikrishnan Balakrishnan ceased to be Additional Director on 29 Sep 2018.
AGM
Frslabs Research Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Frslabs Research Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Palanikrishnan Balakrishnan ceased to be Additional Director.
Ceased
Kavitha Karunamurthy ceased to be Director.
Appointed
Palanikrishnan Balakrishnan was appointed as Director.
Appointed
Palaniandy Shankar was appointed as Director.
Incorporation
23 Feb 2010
Frslabs Research Systems Private Limited was registered on 23 Feb 2010 with Roc Bangalore & aged 16 years 7 months as per MCA records.
Frequently asked questions
Frslabs Research Systems is an active private limited company based in Bengaluru, Karnataka, India. The company works in database management and solutions, within the information technology industry. It was incorporated on 23 February 2010 (16+ years old) and is registered under CIN U72400KA2010PTC052646.
Frslabs Research Systems has 2 current directors:
- Palaniandy Shankar - Director
- Palanikrishnan Balakrishnan - Director
The latest financial statements of Frslabs Research Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Frslabs Research Systems is 29AABCF4714E2ZU, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Frslabs Research Systems is U72400KA2010PTC052646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Frslabs Research Systems was incorporated on 23 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Palanikrishnan Balakrishnan ceased to be Additional Director on 29 Sep 2018. Kavitha Karunamurthy ceased to be Director on 22 May 2018. Palanikrishnan Balakrishnan was appointed as Director on 21 May 2018. Frslabs Research Systems has 4 board changes on record in total.
Yes, Frslabs Research Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0009678).
Frslabs Research Systems can be reached through the website frslabs.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Frslabs Research Systems is at Bhive Workspace L – 148 5th Main Sector 6 Hsr Layout, Bengaluru, Karnataka, India – 560102.