About Icestasy Projects Private Limited
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Icestasy Projects Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 14 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC282398. Its GSTIN is 27AAECI1609N1ZE (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹11.82 Lakh. It is led by directors including Sunmish Rajan Marathe and Milind Vishnu Salvi.
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 G3 Platinum Tejpal Scheme Road No – 5 Vile Parle East, Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.49 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net loss of ₹66.55 Lakh (net margin -12.1%) and EBITDA of -₹64.64 Lakh (EBITDA margin -11.8%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years and 31% over five years.
The company is associated with 1 brand: Icestasy. The company has 7 deals on record (5 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹59.4 Lakh; the latest was in January 2022. Its 10 peer companies in the Food and Beverages industry (Milk and Dairy Products) are compared by revenue, 5 larger and 5 smaller; the largest is Jeenmata Nutritions Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icestasyprojects.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressG3 Platinum Tejpal Scheme Road No – 5 Vile Parle East, Mumbai, Maharashtra, India – 400057
- IndustryFood and Beverages, Dairy Products & Milk Processing
- 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
- One PDF report, delivered after checkout
Business Activity of Icestasy Projects Private Limited
The main business activity of Icestasy Projects is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Icestasy Projects Private Limited FY 2025 filings available
Icestasy Projects Private Limited reported revenue of ₹5.49 Cr (up 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Icestasy Projects Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 38% growth in the latest year. EBITDA fell 668% 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 of Icestasy Projects Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | -₹64.64 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹66.55 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 of Icestasy Projects Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -12.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Icestasy Projects are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Icestasy Projects Private Limited
Icestasy Projects Private Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Milk and Dairy Products). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jeenmata Nutritions Private Limited | •••• | •••• | •••• | •••• | - | Patna, Bihar, India |
| Greenpearl Farmers Producer Company Limited | •••• | •••• | •••• | •••• | - | Buldhana, Maharashtra, India |
| A2dya Milk and Organic Products Private Limited | •••• | •••• | •••• | •••• | 31 | Patna, Bihar, India |
| Siromoni Food Products Private Limited | •••• | •••• | •••• | •••• | 16 | Midnapore, West Bengal, India |
| Mukand Milk Foods Private Limited | •••• | •••• | •••• | •••• | - | Punjab, India |
| Icestasy Projects Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Tuli Dairy Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| Gagar Foods Private Limited | •••• | •••• | •••• | •••• | - | Mehsana, Gujarat, India |
| Sanmati Milk Products Private Limited | •••• | •••• | •••• | •••• | - | Gangapur, Maharashtra, India |
| Fresko Farms Private Limited | •••• | •••• | •••• | •••• | - | Benipur, Bihar, India |
| Amoya Agrifood Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Icestasy Projects by revenue in the Food and Beverages industry (Milk and Dairy Products), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Icestasy Projects Private Limited
Icestasy Projects Private Limited is audited by NAYAK & RANE for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NAYAK & RANE | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Icestasy Projects Private Limited
Icestasy Projects Private Limited currently reports 4 directors and 1 key managerial person. 3 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Chaphekar | Ceo | 06 Sep 2025 | 1 Years 1 Months | Current |
| Sunmish Rajan Marathe | Director | 14 Jun 2016 | 10 Years 3 Months | Current |
| Milind Vishnu Salvi | Director | 12 May 2025 | 1 Years 4 Months | Current |
| Girish Mohan Bettadpur | Director | 16 May 2025 | 1 Years 4 Months | Current |
| Nissim Rajendra Ghoge | Director | 12 Jun 2025 | 1 Years 3 Months | Current |
Ownership and Shareholding of Icestasy Projects Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Icestasy Projects Private Limited
Icestasy Projects Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Icestasy Projects Private Limited
Icestasy Projects Private Limited has 7 deals on record (5 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹59.4 Lakh; the latest was in January 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Funding round | ₹30 Lakh | Investors: an individual |
| Apr 2021 | Funding round | ₹10 Lakh | Investors: an individual |
| Jan 2021 | Funding round | ₹10 Lakh | Investors: an individual |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2018 | Rights issue | ₹48 Lakh | Investors: 4 individuals |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Icestasy Projects Private Limited
Icestasy Projects operates one associated brand: Icestasy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of gourmet ice cream processing services | icestasy.in |
Employees and EPFO Compliance at Icestasy Projects Private Limited
Employment history and EPFO contributions of people linked to Icestasy Projects.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Icestasy Projects Private Limited
Icestasy Projects Private Limited has 8 board changes on record since 2016: 5 appointments and 3 cessations. The latest: Girish Mohan Bettadpur ceased to be Additional Director on 29 Sep 2025.
Credit Ratings, Litigation & Regulatory Alerts for Icestasy Projects Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Icestasy Projects Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Icestasy Projects Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Icestasy Projects Private Limited
Icestasy Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI1609N1ZE | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Icestasy Projects Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Icestasy Projects Private Limited
Icestasy Projects is an active private limited company based in Mumbai, Maharashtra, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 14 June 2016 (10+ years old) and is registered under CIN U74999MH2016PTC282398.
Icestasy Projects reported revenue of ₹5.49 Cr for FY 2025 (up 38% YoY).
Icestasy Projects has 5 current directors and KMP:
- Sunmish Rajan Marathe - Director
- Milind Vishnu Salvi - Director
- Girish Mohan Bettadpur - Director
- Nissim Rajendra Ghoge - Director
- Parag Chaphekar - Ceo
Icestasy Projects reported a net loss of ₹66.55 Lakh (net margin -12.1%) and EBITDA of -₹64.64 Lakh (EBITDA margin -11.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Icestasy Projects is 70% over three years and 31% over five years. In the latest year (FY 2025) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Icestasy Projects is 27AAECI1609N1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Icestasy Projects is U74999MH2016PTC282398. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icestasy Projects was incorporated on 14 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Icestasy Projects has 7 deals on record (5 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹59.4 Lakh; the latest was in January 2022.
The peers of Icestasy Projects by revenue are Jeenmata Nutritions Private Limited, Greenpearl Farmers Producer Company Limited, A2dya Milk and Organic Products Private Limited, Siromoni Food Products Private Limited, Mukand Milk Foods Private Limited and 5 more, all in the Food and Beverages industry (Milk and Dairy Products).
Girish Mohan Bettadpur ceased to be Additional Director on 29 Sep 2025. Nissim Rajendra Ghoge ceased to be Additional Director on 29 Sep 2025. Parag Chaphekar was appointed as CEO on 06 Sep 2025. Icestasy Projects has 8 board changes on record in total.