Icem Engineering Company Private Limited

Icem Engineering Company Private Limited - machinery and equipment in Palghar, Maharashtra, India. FY 2026 financials & compliance.
CIN U42909MH1964PTC012994 Incorporated 19 August 1964 ROC Mumbai HQ Palghar, Maharashtra, India
Active Private Limited Company machinery and equipment MSME · Medium
Data last updated
Revenue · FY 2025
₹67.53 Cr
▲ 10% YoY
Net profit · FY 2025
₹1.48 Cr
Net margin 2.2%
EBITDA · FY 2025
₹8.87 Cr
EBITDA margin 13.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹1.41 Cr
Issued & subscribed
Open charges
₹118.81 Cr
Satisfied ₹49.38 Cr
Company age
62 yrs
Est. 1964
Employees · EPFO
161
Provident fund records

About Icem Engineering Company Private Limited

Data last updated:

Icem Engineering Company Private Limited is a private limited company based in Palghar, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 19 August 1964 and has been in existence for over 62 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U42909MH1964PTC012994. Its GSTIN is 27AAACI6282M1Z5 (Maharashtra). The company holds 4 GST registrations, of which 3 are active.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.41 Cr. It was formerly known as Icem Engineering Company Limited. It is led by directors including Yash Vishal Tibrewala and Namdeo Kisan Pingale.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 60/3 Mauje Vasuri Khurd Post Khaniwali Near Blue Star, Palghar, Maharashtra, India – 421312.

As per the financials filed for FY 2025, the company reported a revenue of ₹67.53 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.48 Cr (net margin 2.2%) and EBITDA of ₹8.87 Cr (EBITDA margin 13.1%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 10% over five years.

The company has about 161 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 1 brand: ICEM Engineering. As per MCA filings, the company has open charges of ₹118.81 Cr and satisfied charges of ₹49.38 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it. The company has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.51 Cr; the latest was in March 2022. Its 4 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products) are compared by revenue, 4 smaller; the largest is Rollon Hydraulics Private Limited with revenue of ₹67.45 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 142 overdue payments to 6 micro and small suppliers.

Icem Engineering Company Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0002392). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icemgroup.com.

Company details

CIN U42909MH1964PTC012994
Registration Number 012994
Incorporation Date 19 August 1964
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-17-0002392

CIN history

Icem Engineering Company has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U42909MH1964PTC012994, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U42909MH1964PTC012994Current
U27200MH1964PLC012994Previous
U27200MH1964PTC012994Previous
Key People
Yash Vishal Tibrewala Director Namdeo Kisan Pingale Director Uma Vishal Tibrewala Director

Recognitions & Rankings of Icem Engineering Company

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-17-0002392

Contact details

Icem Engineering Company Private Limited's registered office is in Palghar, Maharashtra. Its website is icemgroup.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    icemgroup.com
  • Registered Address
    60/3 Mauje Vasuri Khurd Post Khaniwali Near Blue Star, Palghar, Maharashtra, India – 421312
  • Industry
    Machinery and Equipment, Industrial Machinery Manufacturing

To see the full contact details of Icem Engineering Company Private Limited, buy the company report.

Comprehensive company report
Icem Engineering Company 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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Brands

Icem Engineering Company operates one associated brand: ICEM Engineering. Each brand links to its own profile.

BrandDescriptionWebsite
ICEM Engineering
Manufacturing of Explosion Bonded Clad Plates and metal forming products for industrial sectors.icemgroup.com

Business activity

The main business activity of Icem Engineering Company is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Icem Engineering Company Private Limited, buy the company report.

Financials of Icem Engineering Company Private Limited

FY 2024 filings available

Icem Engineering Company Private Limited reported revenue of ₹67.53 Cr (up 10% YoY) for FY 2025.

Revenue · FY 2025
₹67.53 Cr ▲ 10%
Net profit · FY 2025
₹1.48 Cr margin 2.2%
EBITDA · FY 2025
₹8.87 Cr margin 13.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 4%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▲ 7%
5 years · compounded
▲ 2%

Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 10% growth in the latest year. EBITDA fell 17% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹8.87 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.48 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
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin13.1%
Net Profit Margin2.2%
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 Icem Engineering Company Private Limited, buy the company report.

Board of directors of Icem Engineering Company Private Limited

Icem Engineering Company has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Yash Vishal Tibrewala
Also directs: Ruby Engineering Company Private Limited, Icem Engineering and Constructions Private Limited, Icem Engineering International Private Limited and 1 more
Director01 Feb 20224 Years 9 MonthsCurrent
Namdeo Kisan Pingale
Also directs: Ruby Engineering Company Private Limited, Icem Engineering and Constructions Private Limited
Director13 Oct 200422 Years 0 MonthsCurrent
Uma Vishal Tibrewala
Also directs: Ruby Engineering Company Private Limited, Icem Communications Private Limited
Director01 Apr 200026 Years 7 MonthsCurrent
Ashutosh Vishal TibrewalaDirector04 Jun 20242 Years 4 MonthsCurrent
Vishal Vinod Tibrewala
Also directs: Ruby Engineering Company Private Limited, Icem Engineering and Constructions Private Limited, Icem Engineering International Private Limited and 3 more
Director01 Apr 199531 Years 7 MonthsCurrent
Vinodkumar Tibrewala
Also directs: Ruby Engineering Company Private Limited, Jjtu Pre-Incubation Foundation, Chamber of Small Industry Associations
Director17 Jun 196858 Years 4 MonthsCurrent
View all directors

Peer comparison

Icem Engineering Company Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Icem Engineering Company Private Limitedthis company₹67.53 Cr (FY 2025)₹1.48 Cr2.2%10.0%161Palghar, Maharashtra, India
Rollon Hydraulics Private Limited₹67.45 Cr (FY 2025)3.0%Bangalore, Karnataka, India
Omega Icehill Private Limited₹67.42 Cr (FY 2025)-6.0%Delhi, India
Cantech Engineers Private Limited₹67.26 Cr (FY 2024)80.0%New Delhi, Delhi, India
TGW Machine Knives Private Limited₹67.18 Cr (FY 2025)15.0%Mumbai, Maharashtra, India

To see the full peer comparison of Icem Engineering Company Private Limited, buy the company report.

Auditor

Icem Engineering Company Private Limited is audited by SHAH & TAPARIA for the financial year 2023.

Auditor firmFinancial yearFirm registration number
SHAH & TAPARIAFY 2023109463W

Shareholding

The shareholding of Icem Engineering Company 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 Icem Engineering Company Private Limited, buy the company report.

Charges & borrowings

Open charges
₹118.81 Cr
Satisfied charges
₹49.38 Cr
Breakdown by lending institutions
Tjsb Sahakari Bank Limited₹87.60 Cr
The Thane Janata Sahakari Bank Limited₹18.36 Cr
The Kalyan Janata Sahakari Bank Limited₹6.00 Cr
Thane Janata Sahakari Bank Ltd₹5.85 Cr
The Thane Janata Sahakari Bank Ltd₹1.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
18 Jul 2025101137368Tjsb Sahakari Bank Limited₹4.65 CrOpen
28 Nov 2024101025248Tjsb Sahakari Bank Limited₹23 CrOpen
25 Jan 2024100865637Tjsb Sahakari Bank Limited₹45 LakhOpen
29 Dec 2022100677574Tjsb Sahakari Bank Limited₹27.7 LakhOpen
22 Oct 2021100499311Tjsb Sahakari Bank Limited₹1.6 CrOpen

To see the full charge records of Icem Engineering Company Private Limited, buy the company report.

Total charge records: 47 View all charges

Deals & funding

Icem Engineering Company Private Limited has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.51 Cr; the latest was in March 2022.

Total deals
6
Funding rounds
4
Secondary share transfers
2
Disclosed funding
₹6.51 Cr

Deals on record (5 of 6)

WhenDealAmountParties
Mar 2022Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Sep 2021Funding round₹2.61 CrInvestors: Ashok Sonthalia (Main) HUF, Ashok Sonthalia (Smaller) HUF, 2 individuals
May 2021Funding round₹50 LakhInvestors: an individual
Jun 2020Funding round₹2.8 CrInvestors: 4 individuals
May 2008Funding round₹59.7 LakhInvestors: Vinod Tibrewala HUF, 3 individuals

To see the full deal history of Icem Engineering Company Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Icem Engineering Company Private Limited was last rated by Brickwork on 25 Aug 2021.

Rating agencyRated onRating
Brickwork25 Aug 2021

To see the full credit ratings and regulatory alerts of Icem Engineering Company Private Limited, buy the company report.

MSME payment delays

Icem Engineering Company Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 142 overdue payments to 6 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 6)

SupplierAmount dueDue sinceReported on
Sohm Analytical Services (I) Private Limited
an individual supplier
an individual supplier
Premier Instruments
Shah Brothers Ispat Pvt. Ltd.

To see the full MSME payment records of Icem Engineering Company Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Icem Engineering Company has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Ruby Engineering Company Private LimitedU28920MH1974PTC017957
Icem Communications Private LimitedU72900MH2007PTC170257

To see the full group structure of Icem Engineering Company Private Limited, buy the company report.

Employees & EPFO

Icem Engineering Company Private Limited has a workforce of 161 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
161
Active EPFO establishments
1
Employee growth
-9.04%

GST

Icem Engineering Company has 4 GST registrations: 3 active and 1 cancelled or inactive.

Total GSTINs
4
Active
3
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAACI6282M1Z5MaharashtraActive01 Jul 2017
27AAACI6282M2Z4MaharashtraActive28 Mar 2025
23AAACI6282M1ZDMadhya PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Icem Engineering Company Private Limited, buy the company report.

Recent activity

Icem Engineering Company Private Limited has 8 board changes on record since 1968: 6 appointments and 2 cessations. The latest: Ashutosh Vishal Tibrewala ceased to be Additional Director on 29 Sep 2024.

Charges
A charge with Tjsb Sahakari Bank Limited amounted to Rs. 4.65 Cr with Charge ID 101137368 was registered on 18 Jul 2025.
Charges
A charge registered on 15 Nov 2022 via Charge ID 100645950 with Tjsb Sahakari Bank Limited was fully satisfied on 26 Dec 2024.
Charges
A charge registered on 24 Dec 2021 via Charge ID 100524585 with Tjsb Sahakari Bank Limited was fully satisfied on 26 Dec 2024.
Charges
A charge registered on 30 Jun 2021 via Charge ID 100457055 with Tjsb Sahakari Bank Limited was fully satisfied on 26 Dec 2024.
Charges
A charge registered on 02 Dec 2017 via Charge ID 100146403 with Tjsb Sahakari Bank Limited was fully satisfied on 26 Dec 2024.
Charges
A charge with Tjsb Sahakari Bank Limited amounted to Rs. 23.00 Cr with Charge ID 101025248 was registered on 28 Nov 2024.
Charges
A charge with Tjsb Sahakari Bank Limited of Rs. 24.50 Cr registered on 25 Jul 2005 with Charge ID 90237714 was modified on 28 Nov 2024.
AGM
Icem Engineering Company Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Ashutosh Vishal Tibrewala ceased to be Additional Director.
Ceased
Yash Vishal Tibrewala ceased to be Additional Director.
Appointed
Ashutosh Vishal Tibrewala was appointed as Director.
Filing
Icem Engineering Company Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

82 earlier events are in the company report.

Frequently asked questions

Icem Engineering Company is an active private limited company based in Palghar, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 19 August 1964 (62+ years old) and is registered under CIN U42909MH1964PTC012994.

Icem Engineering Company has 6 current directors:

The latest financial statements of Icem Engineering Company on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Icem Engineering Company is 27AAACI6282M1Z5, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACI6282M2Z4 (Maharashtra), 23AAACI6282M1ZD (Madhya Pradesh).

The CIN (Corporate Identification Number) of Icem Engineering Company is U42909MH1964PTC012994. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Icem Engineering Company has 6 court cases on record: 4 filed by the company and 2 filed against it. Most are in the district courts.

Icem Engineering Company was incorporated on 19 August 1964, making it 62+ years old. It is registered with the Registrar of Companies, Mumbai.

Icem Engineering Company has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.51 Cr; the latest was in March 2022.

The peers of Icem Engineering Company by revenue are Rollon Hydraulics Private Limited, Omega Icehill Private Limited, Cantech Engineers Private Limited, TGW Machine Knives Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products).

Ashutosh Vishal Tibrewala ceased to be Additional Director on 29 Sep 2024. Yash Vishal Tibrewala ceased to be Additional Director on 29 Sep 2024. Ashutosh Vishal Tibrewala was appointed as Director on 04 Jun 2024. Icem Engineering Company has 8 board changes on record in total.

Yes, Icem Engineering Company is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-17-0002392).

Icem Engineering Company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 142 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 May 2019.