Frontline Financial Services shareholders and shareholding pattern
BSE: 531685Commercial Services & Supplies
Last traded ₹25.94 on 3 Sep 2026
Who owns Frontline Financial Services, filing by filing
Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.
Sep 2026 filing
- Promoters30.72%
- Individuals and others69.28%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Individuals and others
| Per cent | Dec 2016Filed 16 Apr | Mar 2017Filed 16 Apr | Jun 2017Filed 16 Apr | Sep 2017Filed 16 Apr | Dec 2017Filed 16 Apr | Mar 2018Filed 2 May | Jun 2018Filed 25 Jul | Sep 2018Filed 2 Nov | Dec 2018Filed 18 Jan | Mar 2019Filed 26 Jul | Jun 2019Filed 18 Jul | Sep 2019Filed 6 Nov | Dec 2019Filed 17 Jan | Mar 2020Filed 13 May | Jun 2020Filed 13 May | Sep 2020Filed 13 May | Dec 2020Filed 13 May | Mar 2021Filed 13 May | Jun 2021Filed 15 Sep | Sep 2021Filed 22 Oct | Dec 2021Filed 18 Jan | Mar 2022Filed 9 May | Jun 2022Filed 2 Aug | Sep 2022Filed 15 Nov | Dec 2022Filed 23 Jan | Mar 2023Filed 20 Apr | Jun 2023Filed 20 Jul | Sep 2023Filed 18 Oct | Dec 2023Filed 13 Jan | Mar 2024Filed 19 Apr | Jun 2024Filed 18 Jul | Sep 2024Filed 21 Oct | Dec 2024Filed 20 Jan | Mar 2025Filed 16 Apr | Jun 2025Filed 12 Jul | Sep 2025Filed 16 Oct | Dec 2025Filed 19 Jan | Mar 2026Filed 9 Jun | Jun 2026Filed 1 Aug | Sep 2026Filed 19 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 28.90% | 28.90% | 28.90% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | |
| Indian promoters | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 28.90% | 28.90% | 28.90% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% | 30.72% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 71.10% | 71.10% | 71.10% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% | 69.28% |
| Shares in issue | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 | 59,01,100 |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Frontline Financial Services promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Sureshbhai Ugarchand Gadhecha, 5.03%.Promoter buying and selling
| Holder | |||
|---|---|---|---|
| Sureshbhai Ugarchand GadhechaIndividuals and Hindu undivided familiesHindu undivided family. A family the tax law treats as one holder: property held in the family's name, shared by its members and managed by one of them. | 5.03% | 2,96,900 | 2,96,900 |
| Chhayaben Sureshbhai GadhechaIndividuals and Hindu undivided families | 4.98% | 2,93,800 | 2,93,800 |
| Bipinbhai SanghviIndividuals and Hindu undivided families | 4.69% | 2,76,500 | 0 |
| Ajitbhai DoshiIndividuals and Hindu undivided families | 4.62% | 2,72,900 | 0 |
| Deep Sureshbhai GadhechaIndividuals and Hindu undivided families | 4.39% | 2,59,000 | 2,59,000 |
| Aalin MehtaIndividuals and Hindu undivided families | 3.17% | 1,87,000 | 0 |
| Tushar S. ShahIndividuals and Hindu undivided families | 1.82% | 1,07,400 | 0 |
| Bhadresh Manubhai MehtaIndividuals and Hindu undivided families | 1.01% | 59,400 | 59,400 |
| Chintan Vinodbhai ShahIndividuals and Hindu undivided families | 1.01% | 59,700 | 59,700 |
No promoter shares are reported as pledged. In demat is the part of the holding kept electronically; the rest is paper certificates.
Largest public holders of Frontline Financial Services, filing by filing
Per cent, on the same shares as the split above.
| Holder | Dec 2016Filed 16 Apr | Mar 2017Filed 16 Apr | Jun 2017Filed 16 Apr | Sep 2017Filed 16 Apr | Dec 2017Filed 16 Apr | Mar 2018Filed 2 May | Jun 2018Filed 25 Jul | Sep 2018Filed 2 Nov | Dec 2018Filed 18 Jan | Mar 2019Filed 26 Jul | Jun 2019Filed 18 Jul | Sep 2019Filed 6 Nov | Dec 2019Filed 17 Jan | Mar 2020Filed 13 May | Jun 2020Filed 13 May | Sep 2020Filed 13 May | Dec 2020Filed 13 May | Mar 2021Filed 13 May | Jun 2021Filed 15 Sep | Sep 2021Filed 22 Oct | Dec 2021Filed 18 Jan | Mar 2022Filed 9 May | Jun 2022Filed 2 Aug | Sep 2022Filed 15 Nov | Dec 2022Filed 23 Jan | Mar 2023Filed 20 Apr | Jun 2023Filed 20 Jul | Sep 2023Filed 18 Oct | Dec 2023Filed 13 Jan | Mar 2024Filed 19 Apr | Jun 2024Filed 18 Jul | Sep 2024Filed 21 Oct | Dec 2024Filed 20 Jan | Mar 2025Filed 16 Apr | Jun 2025Filed 12 Jul | Sep 2025Filed 16 Oct | Dec 2025Filed 19 Jan | Mar 2026Filed 9 Jun | Jun 2026Filed 1 Aug | Sep 2026Filed 19 Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Darshan MehtaResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% |
| Rasikbhai ShethResident individuals, over ₹2 lakh at face value | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | – | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% | 5.24% |
| Mahesh AcharyaResident individuals, over ₹2 lakh at face value | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | – | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% | 4.71% |
| Arunaben Hiteshkumar ShahResident individuals, over ₹2 lakh at face value | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | – | – | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% | 4.27% |
| Chandrakant Amrutlal DoshiResident individuals, over ₹2 lakh at face value | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | – | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% |
| Jaiminbhai Jagdishchandra ShahResident individuals, over ₹2 lakh at face value | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | – | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% |
| Lalitbhai KankariaResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% |
| Ankita JoshiResident individuals, over ₹2 lakh at face value | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | – | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% |
| Bharatkumar Shantilal MehtaResident individuals, over ₹2 lakh at face value | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | – | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% | 4.23% |
| Shailesh Kumar Jashvantray BhattResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 4.22% | 4.22% |
| Bhanvarbhai GandhiResident individuals, over ₹2 lakh at face value | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | – | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% |
| Siddharth Mahendrakumar ShethResident individuals, over ₹2 lakh at face value | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | 3.39% | – | – | – | – | – | – | – | – | – | – | – | – | 3.39% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 3.39% | 3.39% |
| Alpesh I ParekhResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.13% | 1.13% |
| Shaileshbhai BhattResident individuals, over ₹2 lakh at face value | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | – | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | – | – |
| Siddharth ShethResident individuals, up to ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 3.39% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Arunaben Hiteshkumar ShethResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 4.27% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Pannaben Bhanubhai ShahResident individuals, over ₹2 lakh at face value | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | 6.78% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Surekhaben B. ShahResident individuals, over ₹2 lakh at face value | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | 4.24% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.