About Ifb Refrigeration Limited
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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. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹262.89 Cr; the latest was in December 2022. Its 3 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 2 smaller; the largest is Aks Electricals and Electronics Limited with revenue of ₹365.86 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.
Company details
Contact details
Ifb Refrigeration Limited's registered office is in Southgoa, Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressC/O Ifb Industries Ltd. Plot No. L – 1 Verna Electronic City Verna Salcete, Southgoa, Goa, India – 403722
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Ifb Refrigeration 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
Business activity
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 | 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 Ifb Refrigeration Limited, buy the company report.
Financials of Ifb Refrigeration Limited
FY 2025 filings availableIfb Refrigeration Limited reported revenue of ₹354.26 Cr (up 118% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹5.54 Cr | ||||
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| Net Profit (PAT) | -₹44.17 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | -12.5% | ||||
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To see the full financial statements and ratios of Ifb Refrigeration Limited, buy the company report.
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 3 Months | Current |
Peer comparison
Ifb Refrigeration Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), 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 |
|---|---|---|---|---|---|---|
| Aks Electricals and Electronics Limited | ₹365.86 Cr (FY 2021) | 7.0% | New Delhi, Delhi, India | |||
| Ifb Refrigeration Limitedthis company | ₹354.26 Cr (FY 2025) | -₹44.17 Cr | -12.5% | 118.0% | 135 | Southgoa, Goa, India |
| Tianyin Worldtech India Private Limited | ₹352.48 Cr (FY 2025) | 49.0% | New Delhi, Delhi, India | |||
| Ksolare Energy Private Limited | ₹344.34 Cr (FY 2025) | 51.0% | Pune, Maharashtra, India |
To see the full peer comparison of Ifb Refrigeration Limited, buy the company report.
Auditor
Ifb Refrigeration Limited is audited by Maheshwari & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Maheshwari & Associates | FY 2023 | 311008E |
Shareholding
The shareholding of Ifb Refrigeration Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ifb Refrigeration Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2023 | 100724951 | Others | ₹47.25 Cr | Open | |
| 07 May 2022 | 100567905 | Others | ₹173.11 Cr | Open |
To see the full charge records of Ifb Refrigeration Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ifb Refrigeration Limited has 1 court case on record: 1 filed by Ifb Refrigeration. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Indkal Technologies Private Limited and 3 others | Pending |
To see the full case history of Ifb Refrigeration 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
No delayed payments to MSME suppliers are on our record for Ifb Refrigeration Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ifb Refrigeration Limited has a workforce of 135 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
GST
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 |
To see the full GST registrations and return filing status of Ifb Refrigeration Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 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
The latest financial statements of Ifb Refrigeration on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 September 2025. Year-wise statements from FY 2021 are in the company report.
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 has 1 court case on record: 1 filed by the company. 1 is pending.
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 Aks Electricals and Electronics Limited, Tianyin Worldtech India Private Limited, Ksolare Energy Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
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.