Economy Refrigeration Private Limited

Economy Refrigeration Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U99999MH1971PTC015123 Incorporated 23 April 1971 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company machinery and equipment MSME · Micro
Data last updated
Revenue · FY 2023
₹1.63 Cr
▼ 61% YoY
Net profit · FY 2023
₹14.68 Lakh
Net margin 9%
EBITDA · FY 2023
₹48.72 Lakh
EBITDA margin 29.9%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹2.6 Cr
Issued & subscribed
Open charges
₹38.52 Cr
Satisfied ₹6.2 Cr
Company age
55 yrs
Est. 1971
Employees · EPFO
25
Provident fund records

About Economy Refrigeration Private Limited

Data last updated:

Economy Refrigeration Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 23 April 1971 and has been in existence for over 55 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1971PTC015123. Its GSTIN is 27AAACE6434F1ZU (Maharashtra).

The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.6 Cr. It was formerly known as Economy Refrigeration Limited. It is led by directors Rajesh Ahuja and Manisha Ahuja.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 1401 Cts No. 96/1 To 21 Vikas Centre Dr. C G Road Wadavali Village Chembur East, Mumbai, Maharashtra, India – 400074.

As per the financials filed for FY 2023, the company reported a revenue of ₹1.63 Cr, a decline of 61% compared to the previous year. For the same year it recorded a net profit of ₹14.68 Lakh (net margin 9%) and EBITDA of ₹48.72 Lakh (EBITDA margin 29.9%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years and 46% over five years.

The company has about 25 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

As per MCA filings, the company has open charges of ₹38.52 Cr and satisfied charges of ₹6.2 Cr on record. Court records list 140 cases involving the company, including 134 filed by the company and 6 filed against it; 3 cases are pending.

Economy Refrigeration Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0029856). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rpsae.net.

Company details

CIN U99999MH1971PTC015123
Registration Number 015123
Incorporation Date 23 April 1971
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0029856

CIN history

Economy Refrigeration has one previous CIN (Corporate Identification Number): U99999MH1971PLC015123. The current CIN is U99999MH1971PTC015123, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U99999MH1971PTC015123Current
U99999MH1971PLC015123Previous
Key People
Rajesh Ahuja Director Manisha Ahuja Director

Recognitions & Rankings of Economy Refrigeration

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-MH-19-0029856

Contact details

Economy Refrigeration Private Limited's registered office is in Mumbai, Maharashtra. Its website is rpsae.net. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    rpsae.net
  • Social Media
  • Registered Address
    1401 Cts No. 96/1 To 21 Vikas Centre Dr. C G Road Wadavali Village Chembur East, Mumbai, Maharashtra, India – 400074
  • Industry
    Machinery and Equipment, Industrial Products Retail & Distribution

To see the full contact details of Economy Refrigeration Private Limited, buy the company report.

Comprehensive company report
Economy Refrigeration Private Limited - one report that includes everything
  • 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

The main business activity of Economy Refrigeration is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Economy Refrigeration Private Limited, buy the company report.

Financials of Economy Refrigeration Private Limited

FY 2023 filings available

Economy Refrigeration Private Limited reported revenue of ₹1.63 Cr (down 61% YoY) for FY 2023.

Revenue · FY 2023
₹1.63 Cr ▼ 61%
Net profit · FY 2023
₹14.68 Lakh margin 9%
EBITDA · FY 2023
₹48.72 Lakh margin 29.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 61%
3 years · compounded
▼ 64%
5 years · compounded
▼ 46%
EBITDA CAGR growth
1 year
▼ 68%
3 years · compounded
▼ 43%
5 years · compounded
▼ 32%

Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 61% fall in the latest year. EBITDA fell 68% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹1.63 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹48.72 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹14.68 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin29.9%
Net Profit Margin9%
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

To see the full financial statements and ratios of Economy Refrigeration Private Limited, buy the company report.

Board of directors of Economy Refrigeration Private Limited

Economy Refrigeration has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajesh Ahuja
Also directs: Freshnella Foods Private Limited, Searock Enterprises Private Limited, Adarsh Icecreams and Frozen Foods Private Limited and 3 more
Director23 Apr 197155 Years 6 MonthsCurrent
Manisha Ahuja
Also directs: Economy Process Solutions Private Limited, O.T. Processing & Packaging Solutions Private Limited, Utni India Private Limited
Director27 Jan 201115 Years 9 MonthsCurrent
View all directors

Auditor

Economy Refrigeration Private Limited is audited by Rajendra Prasad sah & Co for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Rajendra Prasad sah & CoFY 202338471

Shareholding

The shareholding of Economy Refrigeration Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Economy Refrigeration Private Limited, buy the company report.

Charges & borrowings

Open charges
₹38.52 Cr
Satisfied charges
₹6.2 Cr
Breakdown by lending institutions
Others₹35.99 Cr
Citibank N.A.₹2.50 Cr
Oriental Bank of Commerce Limited₹0.04 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Dec 2025101221251Others₹10.8 LakhOpen
19 Dec 2025101222180Others₹1.29 CrOpen
27 Jul 2016100047044Others₹34.59 CrOpen
29 Apr 201110287295Citibank N.A.₹2.5 CrOpen
06 Mar 201010211617Oriental Bank of Commerce Limited₹3.8 LakhOpen

To see the full charge records of Economy Refrigeration Private Limited, buy the company report.

Total charge records: 8 View all charges

MSME payment delays

Economy Refrigeration Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 83 overdue payments to 17 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 17)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
Marck Valves N Flanges

To see the full MSME payment records of Economy Refrigeration Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Economy Refrigeration has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Economy Process Solutions Private LimitedU74999MH2015PTC263963

To see the full group structure of Economy Refrigeration Private Limited, buy the company report.

Employees & EPFO

Economy Refrigeration Private Limited has a workforce of 25 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.

Employee count
25
Active EPFO establishments
1
Employee growth
-3.85%

GST

Economy Refrigeration has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACE6434F1ZUMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Economy Refrigeration Private Limited, buy the company report.

Recent activity

Economy Refrigeration Private Limited has 5 board changes on record since 1971: 2 appointments and 3 cessations. The latest: Ravish Kumar Ahuja ceased to be Additional Director on 29 Sep 2017.

Charges
A charge with Others amounted to Rs. 0.11 Cr with Charge ID 101221251 was registered on 19 Dec 2025.
Charges
A charge with Others amounted to Rs. 1.29 Cr with Charge ID 101222180 was registered on 19 Dec 2025.
Charges
A charge with Others of Rs. 34.59 Cr registered on 27 Jul 2016 with Charge ID 100047044 was modified on 25 Jul 2024.
AGM
Economy Refrigeration Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Economy Refrigeration Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai I.
Charges
A charge registered on 29 May 2013 via Charge ID 10428596 with Standard Chartered Bank was fully satisfied on 11 Jun 2019.
Charges
A charge registered on 16 Apr 2013 via Charge ID 10421396 with Standard Chartered Bank was fully satisfied on 06 Jun 2019.
Charges
A charge registered on 23 Jun 2010 via Charge ID 10233054 with The Cosmos Co-Op Bank Ltd was fully satisfied on 24 Dec 2018.
Ceased
Ravish Kumar Ahuja ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 34.59 Cr with Charge ID 100047044 was registered on 27 Jul 2016.
Charges
A charge with Standard Chartered Bank amounted to Rs. 2.25 Cr with Charge ID 10428596 was registered on 29 May 2013.
Charges
A charge with Standard Chartered Bank amounted to Rs. 2.25 Cr with Charge ID 10421396 was registered on 16 Apr 2013.

8 earlier events are in the company report.

Frequently asked questions

Economy Refrigeration is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 23 April 1971 (55+ years old) and is registered under CIN U99999MH1971PTC015123.

Economy Refrigeration has 2 current directors:

The latest financial statements of Economy Refrigeration on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.

The GSTIN of Economy Refrigeration is 27AAACE6434F1ZU, registered in Maharashtra.

The CIN (Corporate Identification Number) of Economy Refrigeration is U99999MH1971PTC015123. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Economy Refrigeration has 140 court cases on record: 134 filed by the company and 6 filed against it. 3 are pending. Most are in the high courts.

Economy Refrigeration was incorporated on 23 April 1971, making it 55+ years old. It is registered with the Registrar of Companies, Mumbai.

Ravish Kumar Ahuja ceased to be Additional Director on 29 Sep 2017. Rewa Ravish Ahuja ceased to be Director on 29 Mar 2013. Rajesh Ahuja ceased to be Director on 18 May 2012. Economy Refrigeration has 5 board changes on record in total.

Yes, Economy Refrigeration is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0029856).

Economy Refrigeration has 3 MSME Form 1 returns on record between 2019 and 2020, listing 83 overdue payments to 17 micro and small suppliers. The latest return was filed on 16 Mar 2021.

Economy Refrigeration can be reached through the website rpsae.net. Its registered office is in Mumbai, Maharashtra, India.