About Frigoglass India Private Limited
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Frigoglass India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Frigoinvest Holdings B.V.. It operates in the white goods retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 16 November 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U36999DL1998PTC097082. Its GSTIN is 07AAACF6804G2ZU (Delhi). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹82 Cr and a paid-up capital of ₹81.76 Cr. It was formerly known as Norcool India Pvt Ltd. It is led by directors including Rahul Agarwal (Managing Director) and Vasileios Stergiou.
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 E – 20 1st & 2nd Floor Main Market Hauz Khas, New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2025, the company reported a revenue of ₹684.73 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹8.9 Cr (net margin 1.3%) and EBITDA of ₹16.67 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 19% over five years.
The company has about 358 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Frigoglass. As per MCA filings, the company has open charges of ₹45 Cr and satisfied charges of ₹40.8 Cr on record. Court records list 29 cases involving the company, including 3 filed by the company and 26 filed against it; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹26.07 Cr; the latest was in December 2013. Its 6 peer companies in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 3 smaller; the largest is Carrier Airconditioning & Refrigeration Limited with revenue of ₹2,543.53 Cr. The company has 23 MSME Form 1 returns on record between 2018 and 2024, listing 4,177 overdue payments to 44 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 frigoglass.com.
Company details
Contact details
Frigoglass India Private Limited's registered office is in New Delhi, Delhi. Its website is frigoglass.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressE – 20 1st & 2nd Floor Main Market Hauz Khas, New Delhi, Delhi, India – 110016
- IndustryConsumer Electronics & Durables, White Goods Retail & Distribution
To see the full contact details of Frigoglass India 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
Frigoglass India operates one associated brand: Frigoglass. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Beverage coolers, glass containers, and asset services are manufactured. | frigoglass.com |
Business activity
The main business activity of Frigoglass India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Frigoglass India Private Limited, buy the company report.
Financials of Frigoglass India Private Limited
FY 2025 filings availableFrigoglass India Private Limited reported revenue of ₹684.73 Cr (up 37% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 37% growth in the latest year. EBITDA fell 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 | |||||
| Revenue from Operations | ₹684.73 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹16.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.9 Cr | ||||
| 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 | |||||
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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 | 2.4% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Frigoglass India Private Limited, buy the company report.
Board of directors of Frigoglass India Private Limited
Frigoglass India has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vasileios Stergiou | Director | 31 May 2012 | 14 Years 5 Months | Current |
| Rahul Agarwal | Managing Director | 30 Sep 2019 | 7 Years 1 Months | Current |
| Ektor Pergamalis | Director | 12 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Frigoglass India Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Carrier Airconditioning & Refrigeration Limited | ₹2,543.53 Cr (FY 2025) | 18.0% | Gurgaon, Haryana, India | |||
| Carrier Midea India Private Limited | ₹2,332.68 Cr (FY 2025) | 38.0% | Gurgaon, Haryana, India | |||
| Universal Comfort Products Limited | ₹1,242.64 Cr (FY 2020) | 34.0% | Mumbai, Maharashtra, India | |||
| Frigoglass India Private Limitedthis company | ₹684.73 Cr (FY 2025) | ₹8.9 Cr | 1.3% | 37.0% | 358 | New Delhi, Delhi, India |
| Applicomp (India) Limited | ₹621.49 Cr (FY 2017) | -6.0% | Ahmednagar, Maharashtra, India | |||
| Rockwell Industries Limited | ₹346.47 Cr (FY 2025) | 6.0% | Hyderabad, Andhra Pradesh, Telangana, India | |||
| Summer Cool Home Appliances Limited | ₹296.5 Cr (FY 2025) | 63.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Frigoglass India Private Limited, buy the company report.
Auditor
Frigoglass India Private Limited is audited by ASA & ASSOCIATES LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASA & ASSOCIATES LLP | FY 2025 | 009571N/N500006 |
Shareholding
The shareholding of Frigoglass India Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Frigoglass India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2021 | 100419731 | Hdfc Bank Limited | ₹45 Cr | Open | |
| 28 Mar 2003 | 90062817 | Citibank N.A | ₹40.8 Cr | Satisfied |
To see the full charge records of Frigoglass India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Frigoglass India Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹26.07 Cr; the latest was in December 2013.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: Frigoinvest Holding BV Seller: Coolinvest Holding Limited |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: Coolinvest Holding Limited Seller: Norcool Holding Asa |
| Mar 2007 | Funding round | ₹26.07 Cr | Investors: Norcool Holding Asa |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Frigoglass India Private Limited has 29 court cases on record: 3 filed by Frigoglass India, 26 filed against it. 1 case is pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 15 | 0 |
| District courts | 10 | 8 | 1 |
| Supreme Court | 3 | 3 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Civil suit | Filed against the company by M/S Hellmann Worldwide Logistics India Pvt. Ltd. | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed against the company by SFC Transport Pvt Ltd | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by Ms Logisys India Ltd | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed against the company by M/S Logisys India Limited | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
To see the full case history of Frigoglass India 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.
MSME payment delays
Frigoglass India Private Limited has 23 MSME Form 1 returns on record between 2018 and 2024, listing 4,177 overdue payments to 44 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 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Royalux Lighting Private Limited | |||
| Everfine Plastic Industries Private Limited | |||
| an individual supplier | |||
| Vaishno Industries Private Limited | |||
| Adilec Systems |
To see the full MSME payment records of Frigoglass India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Frigoglass India Private Limited has a workforce of 358 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
GST
Frigoglass India has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACF6804G2ZU | Delhi | Active | 23 Sep 2025 |
| 06AAACF6804G1ZX | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Frigoglass India Private Limited, buy the company report.
Recent activity
Frigoglass India Private Limited has 19 board changes on record since 2007: 3 appointments and 16 cessations. The latest: Ektor Pergamalis ceased to be Additional Director on 28 Sep 2025.
14 earlier events are in the company report.
Frequently asked questions
Frigoglass India is an active private limited company based in New Delhi, Delhi, India. The company works in white goods retail and distribution, within the consumer electronics and durables industry. It was incorporated on 16 November 1998 (28+ years old) and is registered under CIN U36999DL1998PTC097082.
Frigoglass India has 3 current directors:
- Rahul Agarwal - Managing Director
- Vasileios Stergiou - Director
- Ektor Pergamalis - Director
The latest financial statements of Frigoglass India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Frigoglass India is 07AAACF6804G2ZU, registered in Delhi. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 06AAACF6804G1ZX (Haryana).
The CIN (Corporate Identification Number) of Frigoglass India is U36999DL1998PTC097082. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Frigoglass India has 29 court cases on record: 3 filed by the company and 26 filed against it. 1 is pending. Most are in the high courts.
Frigoglass India was incorporated on 16 November 1998, making it 28+ years old. It is registered with the Registrar of Companies, Delhi.
Frigoglass India has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹26.07 Cr; the latest was in December 2013.
The peers of Frigoglass India by revenue are Carrier Airconditioning & Refrigeration Limited, Carrier Midea India Private Limited, Universal Comfort Products Limited, Applicomp (India) Limited, Rockwell Industries Limited and 1 more, all in the Consumer Durables industry (White Goods), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Ektor Pergamalis ceased to be Additional Director on 28 Sep 2025. Ektor Pergamalis was appointed as Director on 12 Dec 2024. Konstantinos Dintsios ceased to be Additional Director on 31 Dec 2020. Frigoglass India has 19 board changes on record in total.
Frigoglass India has 23 MSME Form 1 returns on record between 2018 and 2024, listing 4,177 overdue payments to 44 micro and small suppliers. The latest return was filed on 01 May 2024.
Frigoglass India can be reached through the website frigoglass.com. Its registered office is in New Delhi, Delhi, India.
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