About Freeze Drying Systems Private Limited
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Freeze Drying Systems Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 14 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29191GJ2012PTC071538. Its GSTIN is 24AACCF0465B1ZA (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Manish Nagnath Honarao and Rajendra Nagnath Honarao.
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 Plot No 505 Manjusar GIDC Near Green Surgical Tal Savli, Vadodara, Gujarat, India – 391775.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.02 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹2.44 Lakh (net margin 0.8%) and EBITDA of ₹7.43 Lakh (EBITDA margin 2.5%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website freezedryingsystems.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No 505 Manjusar GIDC Near Green Surgical Tal Savli, Vadodara, Gujarat, India – 391775
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
- 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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Business Activity of Freeze Drying Systems Private Limited
The main business activity of Freeze Drying Systems is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Freeze Drying Systems Private Limited FY 2025 filings available
Freeze Drying Systems Private Limited reported revenue of ₹3.02 Cr (down 36% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Freeze Drying Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 36% fall in the latest year. EBITDA fell 84% 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 of Freeze Drying Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹7.43 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.44 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 of Freeze Drying Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Freeze Drying Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Freeze Drying Systems Private Limited
Freeze Drying Systems Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Compressors). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cold Tech Engineering Private Limited | ₹3.06 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Ahmadabad City, Gujarat, India |
| Sandlas Air Con Systems Pvt Ltd | ₹3.06 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Jalandhar, Punjab, India |
| Hevaco Cooling Systems Private Limited | ₹3.03 Cr (FY 2024) | •••• | •••• | 64.0% | •••• | Thiruvananthapuram, Kerala, India |
| Tropikal Comfort Private Limited | ₹3.03 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Jalna, Maharashtra, India |
| Saakvee Technologies India Private Limited | ₹3.03 Cr (FY 2023) | •••• | •••• | -17.0% | •••• | Humanabad Dist, Bidar, Karnataka, India |
| Freeze Drying Systems Private Limited this company | ₹3.02 Cr (FY 2024) | •••• | •••• | -36.0% | •••• | Vadodara, Gujarat, India |
| Wasef Engineers Private Limited | ₹3.01 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Delhi, India |
| Wetbulb Cooling Towers Private Limited | ₹3.01 Cr (FY 2015) | •••• | •••• | -53.0% | •••• | Mumbai, Maharashtra, India |
| Iram Hvac Engineering Private Limited | ₹3.01 Cr (FY 2024) | •••• | •••• | 102.0% | •••• | New Mumbai, Maharashtra, India |
| Goenka Engineering and Industrial Pvt Ltd | ₹3 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
| Yashaswi Pumps and Compressors Private Limited | ₹2.99 Cr (FY 2023) | •••• | •••• | -30.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Freeze Drying Systems by revenue in the Machinery and Equipment industry (Compressors), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Freeze Drying Systems Private Limited
Freeze Drying Systems Private Limited is audited by K N Mehta & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K N Mehta & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Freeze Drying Systems Private Limited
Freeze Drying Systems has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Nagnath Honarao | Director | 14 Aug 2012 | 14 Years 1 Months | Current |
| Rajendra Nagnath Honarao | Director | 14 Aug 2012 | 14 Years 1 Months | Current |
| Shilpa Manish Honarao | Director | 30 Sep 2018 | 8 Years 0 Months | Current |
| Madhuri Rajendra Honarao | Director | 30 Sep 2018 | 8 Years 0 Months | Current |
Ownership and Shareholding of Freeze Drying Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Freeze Drying Systems Private Limited
Freeze Drying Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Freeze Drying Systems Private Limited
Employment history and EPFO contributions of people linked to Freeze Drying Systems.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Freeze Drying Systems Private Limited
Freeze Drying Systems Private Limited has 4 board changes on record since 2012: 4 appointments. The latest: Madhuri Rajendra Honarao was appointed as Director on 30 Sep 2018.
Credit Ratings, Litigation & Regulatory Alerts for Freeze Drying Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Freeze Drying Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Freeze Drying Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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GST Compliance of Freeze Drying Systems Private Limited
Freeze Drying Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCF0465B1ZA | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
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- Tax jurisdiction records
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MCA Filings & Documents of Freeze Drying Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Freeze Drying Systems Private Limited
Freeze Drying Systems is an active private limited company based in Vadodara, Gujarat, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 14 August 2012 (14+ years old) and is registered under CIN U29191GJ2012PTC071538.
Freeze Drying Systems reported revenue of ₹3.02 Cr for FY 2024 (down 36% YoY).
Freeze Drying Systems has 4 current directors:
- Manish Nagnath Honarao - Director
- Rajendra Nagnath Honarao - Director
- Shilpa Manish Honarao - Director
- Madhuri Rajendra Honarao - Director
Freeze Drying Systems reported a net profit of ₹2.44 Lakh (net margin 0.8%) and EBITDA of ₹7.43 Lakh (EBITDA margin 2.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Freeze Drying Systems is -15% over three years and -5% over five years. In the latest year (FY 2024) revenue fell 36%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Freeze Drying Systems is 24AACCF0465B1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Freeze Drying Systems is U29191GJ2012PTC071538. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Freeze Drying Systems was incorporated on 14 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Freeze Drying Systems by revenue are Cold Tech Engineering Private Limited, Sandlas Air Con Systems Pvt Ltd, Hevaco Cooling Systems Private Limited, Tropikal Comfort Private Limited, Saakvee Technologies India Private Limited and 5 more, all in the Machinery and Equipment industry (Compressors).
Madhuri Rajendra Honarao was appointed as Director on 30 Sep 2018. Shilpa Manish Honarao was appointed as Director on 30 Sep 2018. Manish Nagnath Honarao was appointed as Director on 14 Aug 2012. Freeze Drying Systems has 4 board changes on record in total.
Freeze Drying Systems can be reached through the website freezedryingsystems.com. Its registered office is in Vadodara, Gujarat, India.