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 of Frslabs Research Systems Private Limited
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
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBhive Workspace L – 148 5th Main Sector 6 Hsr Layout, Bengaluru, Karnataka, India – 560102
- IndustryInformation Technology, Database Management & Solutions
Comprehensive company report
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Associated Brands with Frslabs Research Systems Private Limited
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 of Frslabs Research Systems Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Frslabs Research Systems Private Limited FY 2025 filings available
Frslabs 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) of Frslabs Research Systems Private Limited
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 of Frslabs Research Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹79.56 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹63.05 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 Frslabs Research Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -20.9% | •••• | •••• | •••• | •••• |
| 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 Frslabs Research Systems are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
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 |
Peer Comparison of Frslabs Research Systems Private Limited
Frslabs Research Systems Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Database Management). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Openmind Innovations Private Limited | ₹3.15 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Chennai, Tamil Nadu, India |
| Gyan Data Private Limited | ₹3.09 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Chennai, Tamil Nadu, India |
| Cyber Sphere IT Services Private Limited | ₹3.05 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Hyderabad, Telangana, India |
| Markett Plus Research Services Private Limited | ₹3.03 Cr (FY 2022) | •••• | •••• | -12.0% | •••• | Noida, Uttar Pradesh, India |
| Vasant Software Solutions Private Limited | ₹3.01 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Hyderabad, Telangana, India |
| Frslabs Research Systems Private Limited this company | ₹3.01 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Bengaluru, Karnataka, India |
| Generis Tek Staffing Private Limited | ₹2.99 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Aiml Data Analytics Solutions Private Limited | ₹2.99 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Bangalore, Karnataka, India |
| Techno Data Center Limited | ₹2.97 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Kolkata, West Bengal, India |
| Omtarang Data Private Limited | ₹2.97 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Easyinsights Private Limited | ₹2.95 Cr (FY 2025) | •••• | •••• | 71.0% | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Frslabs Research Systems by revenue in the Information Technology industry (Database Management), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Frslabs Research Systems Private Limited
Frslabs Research Systems Private Limited is audited by J U Damniya & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J U Damniya & Co | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Frslabs Research Systems Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Frslabs Research Systems Private Limited
Frslabs Research Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Frslabs Research Systems Private Limited
Frslabs Research Systems Private Limited has a workforce of 22 employees as of Mar 30, 2024.
Employee count
22
Active EPFO establishments
1
Employee growth
29.41%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Frslabs Research Systems Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Frslabs Research Systems Private Limited
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MSME Payment Delays by Frslabs Research Systems Private Limited
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Subsidiaries & Group Companies of Frslabs Research Systems Private Limited
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GST Compliance of Frslabs Research Systems Private Limited
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 |
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MCA Filings & Documents of Frslabs Research Systems Private Limited
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Related news about Frslabs Research Systems Private Limited
Frequently Asked Questions about Frslabs Research Systems Private Limited
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 reported revenue of ₹3.01 Cr for FY 2025 (down 5% YoY).
Frslabs Research Systems has 2 current directors:
- Palaniandy Shankar - Director
- Palanikrishnan Balakrishnan - Director
Frslabs Research Systems reported a net loss of ₹63.05 Lakh (net margin -20.9%) and EBITDA of -₹79.56 Lakh (EBITDA margin -26.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Frslabs Research Systems is -5% over three years and 4% over five years. In the latest year (FY 2025) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
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.
The peers of Frslabs Research Systems by revenue are Openmind Innovations Private Limited, Gyan Data Private Limited, Cyber Sphere IT Services Private Limited, Markett Plus Research Services Private Limited, Vasant Software Solutions Private Limited and 5 more, all in the Information Technology industry (Database Management).
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).