About Coldman Logistics Private Limited
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Coldman Logistics Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Lap Finance And Consultancy Private Limited. It operates in the cold storage and warehousing services segment of the transport and logistics sector. It was incorporated on 17 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63030MH2012PTC235832. Its GSTIN is 27AAECV1933E1ZH (Maharashtra). The company holds 16 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹181 Cr and a paid-up capital of ₹180.37 Cr. It was formerly known as Veeaar Logistics and Infrastructure Private Limited. It is led by directors Sadanand Bhalchandra Sule and Dev Anand Veerabhadra.
Its last annual general meeting (AGM) was held on 30 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Dubash House 15 J.N Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹106.14 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹12.3 Cr (net margin -11.6%) and EBITDA of ₹12.03 Cr (EBITDA margin 11.3%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 7% over five years.
The company has about 155 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Coldman. As per MCA filings, the company has open charges of ₹9 Cr and satisfied charges of ₹18.71 Cr on record. Court records list 46 cases involving the company, including 4 filed by the company and 42 filed against it; 11 cases are pending. The company has 11 deals on record (7 funding rounds, 4 secondary share transfers), with disclosed funding of ₹250.47 Cr; the latest was in January 2025. The company has 6 MSME Form 1 returns on record between 2019 and 2024, listing 134 overdue payments to 21 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website coldman.in.
Company details
Contact details
Coldman Logistics Private Limited's registered office is in Mumbai, Maharashtra. Its website is coldman.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Dubash House 15 J.N Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Cold Storage & Warehousing Services
To see the full contact details of Coldman Logistics 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
Brands
Coldman Logistics operates one associated brand: Coldman. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Temperature-controlled warehousing and cold chain logistics services are provided. | coldman.in |
Business activity
The main business activity of Coldman Logistics is transport and storage. In detail, this covers warehousing and storage.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage |
To see the full business activity and turnover split of Coldman Logistics Private Limited, buy the company report.
Financials of Coldman Logistics Private Limited
FY 2025 filings availableColdman Logistics Private Limited reported revenue of ₹106.14 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 4% growth in the latest year. EBITDA rose 2% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹106.14 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹12.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.3 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.3% | ||||
| Net Profit Margin | -11.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Coldman Logistics Private Limited, buy the company report.
Board of directors of Coldman Logistics Private Limited
Coldman Logistics has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sadanand Bhalchandra Sule Also directs: Sniper Sports Ventures LLP, VS Agro Enterprises LLP, Laguna Developers Private Limited and 5 more | Director | 17 Sep 2012 | 14 Years 1 Months | Current |
| Dev Anand Veerabhadra Also directs: Laguna Developers Private Limited, Aarvee Cold Chain Logistics Private Limited, Travel Masters (Mumbai) Private Limited and 5 more | Director | 17 Sep 2012 | 14 Years 1 Months | Current |
Auditor
Coldman Logistics Private Limited is audited by M S K A & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2024 | 105047W |
Shareholding
The shareholding of Coldman Logistics Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Coldman Logistics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 2020 | 100370552 | Others | ₹9 Cr | Open | |
| 04 Jun 2019 | 100268482 | Others | ₹4 Cr | Satisfied | |
| 28 Dec 2016 | 100068296 | Others | ₹14.71 Cr | Satisfied |
To see the full charge records of Coldman Logistics Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Coldman Logistics Private Limited has 11 deals on record (7 funding rounds, 4 secondary share transfers), with disclosed funding of ₹250.47 Cr; the latest was in January 2025.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2025 | Secondary share transfer | Undisclosed | Buyer: Aarvee Cold Chain Logistics Private Limited , an individual Seller: an individual |
| Oct 2024 | Funding round | ₹28.4 Cr | Investors: India Land Infrastructure Development Private Limited , an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Miracle Agro Products Private Limited , 3 individuals |
| Mar 2022 | Funding round | ₹40 Cr | Investors: Siporex India Private Limited , RVS Hospitality & Development Private Limited |
| Aug 2019 | Funding round | ₹15 Cr | Investors: Harrow Investment Holding Limited, Lap Finance and Consultancy Private Limited , 2 individuals |
To see the full deal history of Coldman Logistics Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Coldman Logistics Private Limited has 46 court cases on record: 4 filed by Coldman Logistics, 42 filed against it. 11 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 45 | 42 | 11 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Commercial suit | Filed by the company against Lata Food Products Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Rapid Carriers Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Rapid Carriers Private Limited | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| District court, North West, Delhi | Civil suit | Filed against the company by State | Pending |
To see the full case history of Coldman Logistics Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Coldman Logistics Private Limited was last rated by Icra on 05 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 05 Apr 2022 |
To see the full credit ratings and regulatory alerts of Coldman Logistics Private Limited, buy the company report.
MSME payment delays
Coldman Logistics Private Limited has 6 MSME Form 1 returns on record between 2019 and 2024, listing 134 overdue payments to 21 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Metaflex Doors India Private Limited | |||
| an individual supplier | |||
| Mashad Multicom Private Limited | |||
| DDP Publications Private Limited | |||
| Chromosomes Media Private Limited |
To see the full MSME payment records of Coldman Logistics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Coldman Logistics Private Limited has a workforce of 155 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Coldman Logistics has 16 GST registrations: 12 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECV1933E1ZH | Maharashtra | Active | 01 Jul 2017 |
| 27AAECV1933E3ZF | Maharashtra | Active | 13 Sep 2022 |
| 18AAECV1933E1ZG | Assam | Active | 01 Jul 2017 |
| 29AAECV1933E1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Coldman Logistics Private Limited, buy the company report.
Recent activity
Coldman Logistics Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Kannan Naidu Ravindran ceased to be Director on 31 Jul 2020.
4 earlier events are in the company report.
Frequently asked questions
Coldman Logistics is an active private limited company based in Mumbai, Maharashtra, India. The company works in cold storage and warehousing services, within the transport and logistics industry. It was incorporated on 17 September 2012 (14+ years old) and is registered under CIN U63030MH2012PTC235832.
Coldman Logistics has 2 current directors:
- Sadanand Bhalchandra Sule - Director
- Dev Anand Veerabhadra - Director
The latest financial statements of Coldman Logistics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Coldman Logistics is 27AAECV1933E1ZH, registered in Maharashtra. The company has 16 GST registrations in all, of which 12 are active and 4 are cancelled or inactive. Other active GSTINs include 27AAECV1933E3ZF (Maharashtra), 18AAECV1933E1ZG (Assam), 29AAECV1933E1ZD (Karnataka).
The CIN (Corporate Identification Number) of Coldman Logistics is U63030MH2012PTC235832. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coldman Logistics has 46 court cases on record: 4 filed by the company and 42 filed against it. 11 are pending. Most are in the district courts.
Coldman Logistics was incorporated on 17 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Coldman Logistics has 11 deals on record (7 funding rounds, 4 secondary share transfers), with disclosed funding of ₹250.47 Cr; the latest was in January 2025.
Kannan Naidu Ravindran ceased to be Director on 31 Jul 2020. Gopinath Pillai ceased to be Additional Director on 28 Sep 2017. Saroosh Cowasjee Dinshaw ceased to be Additional Director on 28 Sep 2017. Coldman Logistics has 6 board changes on record in total.
Coldman Logistics has 6 MSME Form 1 returns on record between 2019 and 2024, listing 134 overdue payments to 21 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Coldman Logistics can be reached through the website coldman.in. Its registered office is in Mumbai, Maharashtra, India.