The problem of estimating unknown frequencies of a sinusoidal signal simultaneously is a classical problem in signal and system theory. Many approaches and algorithms are proposed in literature to develop estimators for a measurable sinusoidal signal having multiple sinusoids with unknown amplitudes, frequencies and phases. In this work, an asymptotically convergent frequency estimator is given for estimation of n-unknown frequencies of a measurable sinusoidal signal. The contraction theory approach is adopted to show the asymptotic convergence of the proposed estimator in quite a simplified manner. Approach given here exploits the results of contraction theory related to semi-contracting systems. The nonlinear estimator based on dynamic system approach, guarantees global boundedness and convergence of the state and frequency estimation for all initial conditions and frequency values. It further ensures simultaneous globally convergent estimation of states and frequencies of a sinusoid involving multiple frequencies. Numerical simulations are presented for different combinations of frequencies to justify the claim.