Ice Make Refrigeration Limited - Company Profile

It is a consumer electronics & durables public limited company based in Ahmedabad, Gujarat, India, established in 2009.

2009 Ahmedabad, Gujarat, India Active

Last Updated: January 06, 2026

About Ice Make Refrigeration Limited

Ice Make Refrigeration Limited, a active public limited company, was established on 31 March 2009 in Ahmedabad, Gujarat, India. Engaging in white goods retail & distribution within the manufacturing sector, it holds CIN: L29220GJ2009PLC056482. Registered under ROC Roc Ahmedabad. it is listed on NSE: ICEMAKE. It has an authorized capital of ₹20.00 Cr and a paid-up capital of ₹15.78 Cr.

Formerly known as Ic Ice Make Refrigeration Private Limited, Ice Make Refrigeration Private Limited. It upholds a compliant status. In 2023, it reported revenue of ₹304.24 Cr and a net worth of ₹85.01 Cr. Employing 161 professional, Its leadership includes Krishnakant Laljibhai Patel (Director), Harshadrai Premshanker Pandya (Director), Rajendrabhai Popatbhai Patel (Managing Director). Past directors included Krishnakant Laljibhai Patel, Harshadrai Premshanker Pandya, Rajendrabhai Popatbhai Patel. It holds ₹209.50 Cr open charges and ₹9.11 Cr settled loans. Its latest AGM occurred on 27 September 2025, with the balance sheet filed on 31 March 2025. It is based at B-1, Vasupujya Chamber, Near Navdeep Building, Income-Tax Cross Road,, Ahmedabad, Gujarat, 380009.

Company Details

CIN/LLPIN
L29220GJ2009PLC056482
Registration Number
056482
Incorporation Date
31 March 2009
Authorized Capital
₹20.00 Cr
Paid-Up Capital
₹15.78 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (NSE: ICEMAKE)
Company Status
Active

Key Metrics

Authorised Capital ₹ 20.00 Cr as on 06-01-2026
Paid Up Capital ₹ 15.78 Cr as on 06-01-2026
Company Age 16 Year, 10 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 209.50 Cr as on 06-01-2026
Satisfied Charges ₹ 9.11 Cr as on 06-01-2026
Revenue Growth **** 51.22% (FY 2023)
Profit Growth **** 159.88% (FY 2023)
Ebitda **** 116.87% (FY 2023)
Net Worth 30.15% (FY 2023)
Total Assets **** 28.45% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Ice Make Refrigeration Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report

Who are the key members and board of directors at Ice Make Refrigeration Limited?

Current Directors

Name	Designation	Appointment Date	Status
Krishnakant Laljibhai Patel	Director	05 Sep 2017	Current
Harshadrai Premshanker Pandya	Director	05 Sep 2017	Current
Rajendrabhai Popatbhai Patel	Managing Director	31 Mar 2009	Current
Vipulbhai Ishwarbhai Patel	Managing Director	31 Mar 2009	Current
Darsha Kikani	Director	05 Sep 2017	Current
Chandrakant Popatbhai Patel	Managing Director	31 Mar 2009	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	05 Sep 2017	Past
Pramod Abcsdd	Additional Director	05 Sep 2017	Past
Pramod Abcsdd	Director	05 Sep 2017	Past
Pramod Abcsdd	Additional Director	05 Sep 2017	Past
Pramod Abcsdd	Director	05 Sep 2017	Past
Pramod Abcsdd	Additional Director	05 Sep 2017	Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Ice Make Refrigeration.

Ice Make Refrigeration Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 51.22% increase. The company also saw a substantial improvement in profitability, with a 159.88% increase in profit. The company's net worth Soared by an impressive increase of 30.15%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

Upgrade Required

Full access to Financial is available only for users with an active Premium plan.

Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

51.22%

*******

Revenue from Operations

*******

51.22%

*******

Total Assets

*******

28.45%

*******

Profit or Loss

*******

159.88%

*******

Net Worth

*******

30.15%

*******

EBITDA

*******

116.87%

*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Ice Make Refrigeration?

In 2023, Ice Make Refrigeration had a promoter holding of 74.49% and a public holding of 25.51%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

Upgrade Required

Full access to Ownership and Shareholding Structure is available only for users with an active Premium plan.

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)

Open Charges

₹2,095,000,000.00

Satisfied Charges

₹91,100,000.00

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 135.00 Cr
Canara Bank : 67.00 Cr
Others : 7.50 Cr

Latest Charge Details

Date	Lender	Amount	Status
27 Oct 2023	Others	₹7.50 Cr	Open
27 Jul 2023	Hdfc Bank Limited	₹48.00 Cr	Open
25 Nov 2020	Hdfc Bank Limited	₹87.00 Cr	Open
13 Jul 2009	Canara Bank	₹40.00 Cr	Open
09 Jul 2009	Canara Bank	₹27.00 Cr	Open

Explore comprehensive loan charge details -

How Many Employees Work at Ice Make Refrigeration?

Ice Make Refrigeration has a workforce of 161 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

Upgrade Required

Full access to People is available only for users with an active Premium plan.

Deals i

Gain comprehensive insights into the Deals and Valuation data of Ice Make Refrigeration, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ice Make Refrigeration's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Ice Make Refrigeration

Recent Activity within the Organization

Annual General Meeting

The activity Ice Make Refrigeration Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records. was completed.
27 Sep 2025
Charges

Progress on A charge with Hdfc Bank Limited of Rs. 87.00 Cr registered on 25 Nov 2020 with Charge ID 100399981 was modified on 22 Sep 2025. was documented.
22 Sep 2025
Charges

Progress on A charge registered on 18 Sep 2019 via Charge ID 100292401 with Canara Bank was fully satisfied on 09 Sep 2025. was documented.
09 Sep 2025
Charges

Progress on A charge with Canara Bank of Rs. 40.00 Cr registered on 13 Jul 2009 with Charge ID 10166473 was modified on 10 Jun 2025. was documented.
10 Jun 2025
Balance Sheet

The activity Ice Make Refrigeration Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.
31 Mar 2025
Charges

The activity A charge with Hdfc Bank Limited of Rs. 48.00 Cr registered on 27 Jul 2023 with Charge ID 100756796 was modified on 15 Mar 2024. was completed.
15 Mar 2024

Explore recent activity and updates - View Recent Activity