About Ifb Refrigeration Limited
Data last updated:
Ifb Refrigeration Limited is a public limited company based in Southgoa, Goa, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 11 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U29306GA2021PLC014721. Its GSTIN is 30AAGCI0606K1Z0 (Goa). The company holds 14 GST registrations, all of them active.
The company has an authorised share capital of ₹260 Cr and a paid-up capital of ₹234.28 Cr. It is led by directors including Venkatasubba Rao Madala (Whole-Time Director) and Malay Kumar Das.
Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C/O Ifb Industries Ltd. Plot No. L – 1 Verna Electronic City Verna Salcete, Southgoa, Goa, India – 403722.
As per the financials filed for FY 2025, the company reported a revenue of ₹354.26 Cr, a growth of 118% compared to the previous year. For the same year it recorded a net loss of ₹44.17 Cr (net margin -12.5%) and EBITDA of ₹5.54 Cr (EBITDA margin 1.6%).
The company has about 135 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹220.36 Cr on record. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹262.89 Cr; the latest was in December 2022. Its 10 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Canbara Industries Private Limited with revenue of ₹369.87 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ifbappliances.com.
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- Registered AddressC/O Ifb Industries Ltd. Plot No. L – 1 Verna Electronic City Verna Salcete, Southgoa, Goa, India – 403722
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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 Ifb Refrigeration Limited
The main business activity of Ifb Refrigeration is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Ifb Refrigeration Limited FY 2025 filings available
Ifb Refrigeration Limited reported revenue of ₹354.26 Cr (up 118% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ifb Refrigeration Limited
Revenue rose 118% in the latest year. EBITDA rose 130% 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 Ifb Refrigeration 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 | ₹5.54 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹44.17 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 of Ifb Refrigeration Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -12.5% | •••• | •••• | •••• | •••• |
| 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 Ifb Refrigeration are in the company report.
Financial statements from FY 2021
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.
Board of Directors of Ifb Refrigeration Limited
Ifb Refrigeration has 8 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malay Kumar Das Also directs: Ifb Agro Industries Ltd., Das Buro Advisers Private Limited | Director | 12 Jul 2022 | 4 Years 3 Months | Current |
| Raghupathy Ranganath Rao Also directs: TRL Krosaki Refractories Limited, Ifb Automotive Private Limited | Director | 19 May 2022 | 4 Years 5 Months | Current |
| Amitabha Mukhopadhyay Also directs: Parag Milk Foods Limited, Sudarshan Colorants India Limited, Sudarshan Chemical Industries Limited and 5 more | Director | 29 Aug 2022 | 4 Years 1 Months | Current |
| Sukhdev Nag | Director | 02 Mar 2023 | 3 Years 7 Months | Current |
| Venkatasubba Rao Madala Also directs: Inchtrix LLP | Whole-Time Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Prabir Chatterjee | Director | 23 Jul 2024 | 2 Years 2 Months | Current |
Peer Comparison of Ifb Refrigeration Limited
Ifb Refrigeration Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Canbara Industries Private Limited | ₹369.87 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Mumbai, Maharashtra, India |
| Aks Electricals and Electronics Limited | ₹365.86 Cr (FY 2021) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Compal Smart Device India Private Limited | ₹363.77 Cr (FY 2025) | •••• | •••• | 134994.0% | •••• | New Delhi, Delhi, India |
| Adsun Electronics Private Limited | ₹356.38 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Sonipat, Haryana, India |
| Vishva Electrotech Limited | ₹355.46 Cr (FY 2023) | •••• | •••• | -4.0% | •••• | Kolkata, West Bengal, India |
| Ifb Refrigeration Limited this company | ₹354.26 Cr (FY 2025) | •••• | •••• | 118.0% | •••• | Southgoa, Goa, India |
| Tianyin Worldtech India Private Limited | ₹352.48 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | New Delhi, Delhi, India |
| Onix Renewable Limited | ₹351.68 Cr (FY 2024) | •••• | •••• | 140.0% | •••• | Metoda, Gujarat, India |
| Rowenta Networks Private Limited | ₹350.58 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Ahmedabad, Gujarat, India |
| Ksolare Energy Private Limited | ₹344.34 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Pune, Maharashtra, India |
| Balaji Solutions Limited | ₹342.98 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Ifb Refrigeration by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ifb Refrigeration Limited
Ifb Refrigeration Limited is audited by Maheshwari & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Maheshwari & Associates | 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.
Ownership and Shareholding of Ifb Refrigeration 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 Ifb Refrigeration Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 May 2023 | Others | ₹47.25 Cr | Open |
| 07 May 2022 | Others | ₹173.11 Cr | Open |
Total charge records: 2 View all charges
Deals & Funding of Ifb Refrigeration Limited
Ifb Refrigeration Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹262.89 Cr; the latest was in December 2022.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Funding round | ₹97 Cr | Investors: Ifb Industries Ltd |
| Jul 2022 | Funding round | ₹78.6 Cr | Investors: Others-IFB Refrigeration Limited, Ifb Agro Industries Ltd. , Asansol Bottling & Packaging Company Private Limited |
| Sep 2021 | Funding round | ₹87.29 Cr | Investors: Ifb Agro Industries Ltd. , Asansol Bottling & Packaging Company Private Limited, Others-IFB Refrigeration Limited |
Full deal history
All 3 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.
Employees and EPFO Compliance at Ifb Refrigeration Limited
Ifb Refrigeration Limited has a workforce of 135 employees as of Apr 08, 2024.
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 Ifb Refrigeration Limited
Ifb Refrigeration Limited has 20 board changes on record since 2021: 14 appointments and 6 cessations. The latest: Venkatasubba Rao Madala was appointed as Whole-Time Director on 01 Apr 2025.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ifb Refrigeration 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 Ifb Refrigeration 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 Ifb Refrigeration 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 Ifb Refrigeration Limited
Ifb Refrigeration has 14 GST registrations: 14 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAGCI0606K1Z0 | Goa | Active | 29 Apr 2021 |
| 27AAGCI0606K1ZN | Maharashtra | Active | 12 Oct 2021 |
| 36AAGCI0606K1ZO | Telangana | Active | 08 Jul 2023 |
| 22AAGCI0606K1ZX | Chattisgarh | Active | 10 Jul 2023 |
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 Ifb Refrigeration 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.
Related news about Ifb Refrigeration Limited
Frequently Asked Questions about Ifb Refrigeration Limited
Ifb Refrigeration is an active public limited company based in Southgoa, Goa, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 11 March 2021 (5+ years old) and is registered under CIN U29306GA2021PLC014721.
Ifb Refrigeration reported revenue of ₹354.26 Cr for FY 2025 (up 118% YoY).
Ifb Refrigeration has 8 current directors:
- Venkatasubba Rao Madala - Whole-Time Director
- Malay Kumar Das - Director
- Raghupathy Ranganath Rao - Director
- Amitabha Mukhopadhyay - Director
- Sukhdev Nag - Director
- Prabir Chatterjee - Director
- Sangeeta Sumesh - Director
- Collegal Srinivasan Govindaraj - Director
Ifb Refrigeration reported a net loss of ₹44.17 Cr (net margin -12.5%) and EBITDA of ₹5.54 Cr (EBITDA margin 1.6%) for FY 2025, as per its filed financial statements.
The GSTIN of Ifb Refrigeration is 30AAGCI0606K1Z0, registered in Goa. The company has 14 GST registrations in all, of which 14 are active. Other active GSTINs include 27AAGCI0606K1ZN (Maharashtra), 36AAGCI0606K1ZO (Telangana), 22AAGCI0606K1ZX (Chattisgarh).
The CIN (Corporate Identification Number) of Ifb Refrigeration is U29306GA2021PLC014721. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ifb Refrigeration was incorporated on 11 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Goa.
Ifb Refrigeration has 3 deals on record (3 funding rounds), with disclosed funding of ₹262.89 Cr; the latest was in December 2022.
The peers of Ifb Refrigeration by revenue are Canbara Industries Private Limited, Aks Electricals and Electronics Limited, Compal Smart Device India Private Limited, Adsun Electronics Private Limited, Vishva Electrotech Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Venkatasubba Rao Madala was appointed as Whole-Time Director on 01 Apr 2025. Anirudha Bhalchandra Keskar ceased to be Whole-Time Director on 31 Mar 2025. Prabir Chatterjee was appointed as Director on 23 Jul 2024. Ifb Refrigeration has 20 board changes on record in total.
Ifb Refrigeration can be reached through the website ifbappliances.com. Its registered office is in Southgoa, Goa, India.