About Tier 1 Agri Tech Private Limited
Data last updated:
Tier 1 Agri Tech Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Tier One Network Private Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2010PTC055497. Its GSTIN is 29AABCF6141M1ZD (Karnataka).
The company has an authorised share capital of ₹3.1 Lakh and a paid-up capital of ₹3.04 Lakh. It was formerly known as Frontalrain Technologies Private Limited and Asp Advisors Private Limited. It is led by directors Shyam Mohan (Managing Director) and Sujesh Govindan.
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 No 62/E 1st Floor Modi Residency Millers Road Benson Town, Bangalore, Karnataka, India – 560046.
As per the financials filed for FY 2023, the company reported a revenue of ₹86,748, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹4.83 Lakh and EBITDA of -₹1.42 Lakh (EBITDA margin -164.3%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 57% over five years.
The company has 4 deals on record (2 acquisitions, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹5 Cr; the latest was in October 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website frontalrain.com.
Company details
Name history
Tier 1 Agri Tech has undergone 2 name changes throughout its history. The company was previously known as Frontalrain Technologies Private Limited, and Asp Advisors Private Limited. The current legal name is Tier 1 Agri Tech Private Limited.
| Company Name | Status |
|---|---|
| Tier 1 Agri Tech Private Limited | Current |
| Frontalrain Technologies Private Limited | Previous |
| Asp Advisors Private Limited | Previous |
Contact details
Tier 1 Agri Tech Private Limited's registered office is in Bangalore, Karnataka. Its website is frontalrain.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 62/E 1st Floor Modi Residency Millers Road Benson Town, Bangalore, Karnataka, India – 560046
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Tier 1 Agri Tech Private Limited, buy the company report.
- 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
Business activity
The main business activity of Tier 1 Agri Tech 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 Tier 1 Agri Tech Private Limited, buy the company report.
Financials of Tier 1 Agri Tech Private Limited
FY 2025 filings availableTier 1 Agri Tech Private Limited reported revenue of ₹86,748 (down 97% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 97% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹86,748 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.42 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.83 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -164.3% | ||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Tier 1 Agri Tech Private Limited, buy the company report.
Board of directors of Tier 1 Agri Tech Private Limited
Tier 1 Agri Tech has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujesh Govindan Also directs: Spisys Limited | Director | 27 Jul 2019 | 7 Years 3 Months | Current |
| Shyam Mohan | Managing Director | 10 Oct 2017 | 9 Years 0 Months | Current |
Auditor
Tier 1 Agri Tech Private Limited is audited by PRADEEP KUMAR P L AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRADEEP KUMAR P L AND CO | FY 2023 | 223104 |
Shareholding
The shareholding of Tier 1 Agri Tech 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 Tier 1 Agri Tech Private Limited, buy the company report.
Deals & funding
Tier 1 Agri Tech Private Limited has 4 deals on record (2 acquisitions, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹5 Cr; the latest was in October 2017.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2017 | Acquisition | Undisclosed | Buyer: Tier One Network Private Limited Seller: 3 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Omnivore Partners |
| Dec 2014 | Acquisition | ₹5 Cr | Buyer: Omnivore Partners |
| Oct 2012 | Funding round · Series A | ₹5 Cr | Investors: Omnivore Partners |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Tier 1 Agri Tech 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 Tier 1 Agri Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tier 1 Agri Tech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCF6141M1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tier 1 Agri Tech Private Limited, buy the company report.
Recent activity
Tier 1 Agri Tech Private Limited has 15 board changes on record since 2013: 2 appointments and 13 cessations. The latest: Jayaram Srinivasan ceased to be Director on 29 Jul 2019.
6 earlier events are in the company report.
Frequently asked questions
Tier 1 Agri Tech is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 14 October 2010 (16+ years old) and is registered under CIN U72900KA2010PTC055497.
Tier 1 Agri Tech has 2 current directors:
- Shyam Mohan - Managing Director
- Sujesh Govindan - Director
The latest financial statements of Tier 1 Agri Tech 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 Tier 1 Agri Tech is 29AABCF6141M1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Tier 1 Agri Tech is U72900KA2010PTC055497. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tier 1 Agri Tech was incorporated on 14 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Tier 1 Agri Tech has 4 deals on record (2 acquisitions, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹5 Cr; the latest was in October 2017.
Jayaram Srinivasan ceased to be Director on 29 Jul 2019. Ravi Gomatam Mandayam ceased to be Director on 29 Jul 2019. Sujesh Govindan was appointed as Director on 27 Jul 2019. Tier 1 Agri Tech has 15 board changes on record in total.
Tier 1 Agri Tech can be reached through the website frontalrain.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Tier 1 Agri Tech is at No 62E 1st Floor Modi Residency Millers Road Benson Town, Bangalore, Karnataka, India – 560046.