Frog Innovations Limited - Due diligence report

A 360° intelligence report on Frog Cellsat: trust score, financial health, credit view, compliance, directors, growth and distress signals -…

2004-07-12 Delhi, Delhi Active Listed Active Compliant
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FI Frog Innovations Limited
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Frog Cellsat — 360° Intelligence Report

Generated from MCA filings & public records
85/100
Trust Score
Low Risk

Frog Cellsat is assessed as Low Risk with a Trust Score of 85/100. Frog Cellsat is an active public limited indian non-government company incorporated in 2004, operating in the Telecom sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 29 Jun 2026 from the latest processed filings. Frog Innovations Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
85/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 85/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 3 open (47.50 cr) · 15 satisfied (58.61 cr).

Banking relationships (from registered charges)
LenderChargesAmount
The Hongkong And Shanghai Banking Corporation Limited6 48.0 cr
Others3 48.0 cr
Sidbi4 48.0 cr
Icici Bank Limited2 48.0 cr
The Hongkong And Shanghai Banking Corporation1 48.0 cr
Small Industries Development Bank Of India2 48.0 cr
Compliance Score: 75/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 4 auditor resignation(s) filed - latest: RAJAN K. GUPTA & CO. on 2022-10-03.
  • Delayed payments to MSME suppliers disclosed (7 disclosure(s)).
  • 2 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
UMESH SINGH 01234567 Director 01/04/2018 6 yrs Approved
RAJAT SHARMA 01234567 Director 01/04/2018 6 yrs Approved
SONAL TRIVEDI 01234567 Director 01/04/2018 6 yrs Approved
KONARK TRIVEDI 01234567 Director 01/04/2018 6 yrs Approved
SATISH BHANU TRIVEDI 01234567 Director 01/04/2018 6 yrs Approved
KAMAL NATH 01234567 Director 01/04/2018 6 yrs Approved
AJAY KALAYIL CHACKO 01234567 Director 01/04/2018 6 yrs Approved
CHARAN JEET KALRA 01234567 Director 01/04/2018 6 yrs Approved
TARUN TULARAM SHARMA 01234567 Director 01/04/2018 6 yrs Approved
BARATHY SUNDARAM 01234567 Director 01/04/2018 6 yrs Approved
Rajat Sharma 01234567 Director 01/04/2018 6 yrs Approved
CHARAN JEET KALRA 01234567 Director 01/04/2018 6 yrs Approved
Umesh Singh 01234567 Director 01/04/2018 6 yrs Approved
  • 13 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

Promoters hold a majority stake - exact percentages are part of the full report.

Group entityRelationship% held
Frog Services Private Limited Subsidiary Company 74.00%
Frog Tele Private Limited Subsidiary Company 74.00%

Key managerial personnel: UMESH SINGH (CEO) · SONAL TRIVEDI (Whole-time director) · KONARK TRIVEDI (Managing Director) · CHARAN JEET KALRA (CFO) · CHARAN JEET KALRA (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 21+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 open charge(s) registered - assets are encumbered.
4 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 4.83 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence82/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment82/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 47.50 cr already registered.
  • Compliance record supports lending.
Investor view89/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
06 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
07 Jan 2025
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 7.50 cr
09 Sep 2024
Director appointed
Umesh Singh (Ceo)
12 Aug 2024
Director appointed
UMESH SINGH (CEO)
06 Aug 2024
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 20.00 cr
30 Jul 2024
Director appointed
Rajat Sharma (Company Secretary)
01 Jul 2024
Director appointed
RAJAT SHARMA (Company Secretary)
09 May 2024
Director ceased
PANKAJ GANDHI
07 Aug 2023
Director ceased
KAMAL NATH
22 Feb 2023
Director appointed
TARUN TULARAM SHARMA (Nodal Officer)
29 Jan 2023
Director appointed
KAMAL NATH (Director)
19 Dec 2022
Charge satisfied
Sidbi
05 Dec 2022
Charge satisfied
Sidbi
10 Oct 2022
Securities allotted
4075200 Equity Shares - 41.57 cr raised
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
13 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
2 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ucal Electronic Private Limited U31401PN2008PTC133141 Pune, Maharashtra, India
Alconelectronics U32109MH1973PTC016792 Nashik, Maharashtra, India
Glasscolabs U51909HR2009PTC039648 Ambala Cantt, Haryana, India
Everest Instruments U32109GJ1999PTC036340 Daskroi, Gujarat, India
Adc India Communications L32209KA1988PLC009313 Bengaluru, Karnataka, India
Vihaan Networks U32202DL1999PTC097948 New Delhi, Delhi, India
Pima Controls U31200GJ1985PTC008195 Ahmedabad, Gujarat, India
Accurateindustrialcontrols U31200PN2001PTC016040 Pune, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Frog Cellsat before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Frog Cellsat: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Frog Cellsat - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 85/100, distress signals and MSME payment-delay disclosures - know whether Frog Cellsat pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Frog Cellsat - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Frog Cellsat an active company?

Frog Cellsat has MCA status “Active” with a compliance score of 75/100 (Low Risk).

Is Frog Cellsat financially healthy?

Frog Cellsat has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Frog Cellsat?

Its overall Trust Score is 85/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Frog Cellsat?

Promoters hold a majority stake - exact percentages are in the full report. 13 active director(s) are on record.

Does Frog Cellsat have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 15 earlier charge(s) stand satisfied.

Is Frog Cellsat up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 75/100 (Low Risk).

Is it risky to lend to Frog Cellsat?

Its Credit Risk Score is 85/100 (Low Risk). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.