MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0135504
Frugal Labs Tech Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.81 Lakh
▼ 93% YoY
Net loss · FY 2024
₹33.65 Lakh
Net margin -311.3%
EBITDA · FY 2024
-₹30.08 Lakh
EBITDA margin -278.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
14 yrs
Est. 2012
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Frugal Labs Tech Solutions Private Limited
Data last updated:
Frugal Labs Tech Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2012PTC066934. Its GSTIN is 29AACCF0947N1Z8 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Kirankumar Rajarao and Sreowshi Sinha.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.41 Sakamma Chikkanna Tower – 1 4th Floor B. Chikkanna Layout Mahadevpura, Bangalore, Karnataka, India – 560048.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.81 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹33.65 Lakh (net margin -311.3%) and EBITDA of -₹30.08 Lakh (EBITDA margin -278.3%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years and 14% over five years.
The company is associated with 1 brand: Frugal Labs. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Frugal Labs Tech Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0135504). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website frugal-labs.com.
Company details
CIN U74900KA2012PTC066934
Registration Number 066934
Incorporation Date 29 November 2012
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0135504
Recognitions & Rankings of Frugal Labs Tech Solutions
Contact details
Frugal Labs Tech Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is frugal-labs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.41 Sakamma Chikkanna Tower – 1 4th Floor B. Chikkanna Layout Mahadevpura, Bangalore, Karnataka, India – 560048
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Frugal Labs Tech Solutions Private Limited, buy the company report.
Comprehensive company report
Frugal Labs Tech Solutions 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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Brands
Frugal Labs Tech Solutions operates one associated brand: Frugal Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IoT device design, development, and consulting services are provided. | frugal-labs.com |
Business activity
The main business activity of Frugal Labs Tech Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Frugal Labs Tech Solutions Private Limited, buy the company report.
Financials of Frugal Labs Tech Solutions Private Limited
FY 2024 filings availableFrugal Labs Tech Solutions Private Limited reported revenue of ₹10.81 Lakh (down 93% YoY) for FY 2024.
Revenue · FY 2024
₹10.81 Lakh ▼ 93%
Net loss · FY 2024
₹33.65 Lakh margin -311.3%
EBITDA · FY 2024
-₹30.08 Lakh margin -278.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 93%
3 years · compounded
▼ 49%
5 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▼ 319%
3 years · compounded
▼ 178%
5 years · compounded
▼ 72%
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 93% fall in the latest year. EBITDA fell 319% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | -₹30.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹33.65 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -278.3% | ||||
| Net Profit Margin | -311.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Frugal Labs Tech Solutions Private Limited, buy the company report.
Board of directors of Frugal Labs Tech Solutions Private Limited
Frugal Labs Tech Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kirankumar Rajarao | Director | 06 Jul 2013 | 13 Years 4 Months | Current |
| Sreowshi Sinha | Director | 29 Nov 2012 | 13 Years 11 Months | Current |
| Anirban Chowdhury | Director | 29 Nov 2012 | 13 Years 11 Months | Current |
Peer comparison
Frugal Labs Tech Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Xenious Software Private Limited | ₹10.81 Lakh (FY 2019) | -25.0% | Jaleswar, Odisha, India | |||
| Bimbasree Private Limited | ₹10.81 Lakh (FY 2024) | 556.0% | Chennai, Tamil Nadu, India | |||
| MBM Infoserv Private Limited | ₹10.81 Lakh (FY 2025) | -72.0% | Hyderabad, Telangana, India | |||
| Winsystem Tech Services Private Limited | ₹10.81 Lakh (FY 2021) | Bengaluru, Karnataka, India | ||||
| Digiyuth Private Limited | ₹10.81 Lakh (FY 2025) | 69.0% | Secunderabad, Telangana, India | |||
| Frugal Labs Tech Solutions Private Limitedthis company | ₹10.81 Lakh (FY 2024) | -₹33.65 Lakh | -311.3% | -93.0% | Bangalore, Karnataka, India | |
| Satpar Infotech Private Limited | ₹10.81 Lakh (FY 2025) | -30.0% | Jammu, Jammu and Kashmir, India | |||
| Aerotronic Services Private Limited | ₹10.81 Lakh (FY 2025) | -64.0% | Hyderabad, Telangana, India | |||
| Rentofree Consulting Private Limited | ₹10.8 Lakh (FY 2023) | New Delhi, Delhi, India | ||||
| Efs Consultants (India) Private Limited | ₹10.8 Lakh (FY 2019) | Mumbai, Maharashtra, India | ||||
| Stanet Internet Services Private Limited | ₹10.8 Lakh (FY 2025) | 60.0% | Raigharh, Maharashtra, India |
To see the full peer comparison of Frugal Labs Tech Solutions Private Limited, buy the company report.
Auditor
Frugal Labs Tech Solutions Private Limited is audited by JainGupta & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JainGupta & Co. | FY 2023 | 016799S |
Shareholding
The shareholding of Frugal Labs Tech Solutions Private 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 Frugal Labs Tech Solutions Private Limited, buy the company report.
Legal cases
Frugal Labs Tech Solutions Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Ltd | Pending |
To see the full case history of Frugal Labs Tech Solutions Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Frugal Labs Tech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Frugal Labs Tech Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF0947N1Z8 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Frugal Labs Tech Solutions Private Limited, buy the company report.
Recent activity
Frugal Labs Tech Solutions Private Limited has 4 board changes on record since 2012: 3 appointments and 1 cessation. The latest: Kirankumar Rajarao ceased to be Additional Director on 30 Sep 2013.
AGM
Frugal Labs Tech Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Frugal Labs Tech Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Kirankumar Rajarao ceased to be Additional Director.
Appointed
Kirankumar Rajarao was appointed as Director.
Appointed
Anirban Chowdhury was appointed as Director.
Appointed
Sreowshi Sinha was appointed as Director.
Incorporation
29 Nov 2012
Frugal Labs Tech Solutions Private Limited was registered on 29 Nov 2012 with Roc Bangalore & aged 13 years 11 months as per MCA records.
Frequently asked questions
Frugal Labs Tech Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 29 November 2012 (14+ years old) and is registered under CIN U74900KA2012PTC066934.
Frugal Labs Tech Solutions has 3 current directors:
- Kirankumar Rajarao - Director
- Sreowshi Sinha - Director
- Anirban Chowdhury - Director
The latest financial statements of Frugal Labs Tech Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Frugal Labs Tech Solutions is 29AACCF0947N1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Frugal Labs Tech Solutions is U74900KA2012PTC066934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Frugal Labs Tech Solutions has 1 court case on record: 1 filed against it. 1 is pending.
Frugal Labs Tech Solutions was incorporated on 29 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Frugal Labs Tech Solutions by revenue are Xenious Software Private Limited, Bimbasree Private Limited, MBM Infoserv Private Limited, Winsystem Tech Services Private Limited, Digiyuth Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Kirankumar Rajarao ceased to be Additional Director on 30 Sep 2013. Kirankumar Rajarao was appointed as Director on 06 Jul 2013. Anirban Chowdhury was appointed as Director on 29 Nov 2012. Frugal Labs Tech Solutions has 4 board changes on record in total.
Yes, Frugal Labs Tech Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0135504).
Frugal Labs Tech Solutions can be reached through the website frugal-labs.com. Its registered office is in Bangalore, Karnataka, India.
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