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Indicold Private Limited - transport and logistics in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹39 Cr
▲ 227% YoY
Net profit · FY 2024
₹15.89 Lakh
Net margin 0.4%
EBITDA · FY 2024
₹63.93 Lakh
EBITDA margin 1.6%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹9.62 Lakh
Issued & subscribed
Open charges
₹21.5 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
34
Provident fund records
About Indicold Private Limited
Data last updated:
Indicold Private Limited is a private limited company based in New Delhi, Delhi, India, recognised as a startup by DPIIT. It operates in the cold storage and warehousing services segment of the transport and logistics sector. It was incorporated on 13 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2019PTC357379. Its GSTIN is 07AAFCI4665R1ZT (Delhi). The company holds 12 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹9.62 Lakh. It is led by directors Kartik Jalan (Managing Director) and Niharika Jalan.
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 100 – B – 389 Village Mashjid Moth, New Delhi, Delhi, India – 110049.
As per the financials filed for FY 2024, the company reported a revenue of ₹39 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹15.89 Lakh (net margin 0.4%) and EBITDA of ₹63.93 Lakh (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 207% over three years.
The company has about 34 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indicold. As per MCA filings, the company has open charges of ₹21.5 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹10 Cr; the latest was in March 2024. Its 10 peer companies in the Transport and Logistics industry (Cold Storage and Warehousing, Diversified Logistics) are compared by revenue, 5 larger and 5 smaller; the largest is Step Up Logistics Private Limited with revenue of ₹39.16 Cr.
Indicold Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0021841). For more details, the company can be reached via its website indicold.in.
Company Details of Indicold Private Limited
CIN U74999DL2019PTC357379
Registration Number 357379
Incorporation Date 13 November 2019
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-DL-08-0021841
Recognitions & Rankings of Indicold
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-08-0021841
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address100 – B – 389 Village Mashjid Moth, New Delhi, Delhi, India – 110049
- IndustryTransport and Logistics, Cold Storage & Warehousing Services, Integrated & Diversified Logistics Services
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Associated Brands with Indicold Private Limited
Indicold operates one associated brand: Indicold. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| End-to-end cold supply chain and warehouse logistics services are provided. | indicold.in |
Business Activity of Indicold Private Limited
The main business activity of Indicold is transport and storage. In detail, this covers warehousing and storage.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Indicold Private Limited FY 2024 filings available
Indicold Private Limited reported revenue of ₹39 Cr (up 227% YoY) for FY 2024.
Revenue · FY 2024
₹39 Cr ▲ 227%
Net profit · FY 2024
₹15.89 Lakh margin 0.4%
EBITDA · FY 2024
₹63.93 Lakh margin 1.6%
Compounded Annual Growth Rate (CAGR) of Indicold Private Limited
Revenue CAGR growth
1 year
▲ 227%
3 years · compounded
▲ 207%
EBITDA CAGR growth
1 year
▲ 171%
3 years · compounded
▲ 342%
Revenue has grown at a compounded annual rate (CAGR) of 207% over three years, including 227% growth in the latest year. EBITDA rose 171% 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 Indicold Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹63.93 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹15.89 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 Indicold Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Indicold are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Indicold Private Limited
Indicold has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niharika Jalan Also directs: Kailash Agro Private Limited, Ica Builds Private Limited, Shree Buildtech (India) Private Limited and 2 more | Director | 13 Nov 2019 | 6 Years 11 Months | Current |
| Kartik Jalan Also directs: Kailash Agro Private Limited, Ica Builds Private Limited, Indimuv Technologies Private Limited and 2 more | Managing Director | 13 Nov 2019 | 6 Years 11 Months | Current |
Peer Comparison of Indicold Private Limited
Indicold Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Cold Storage and Warehousing, Diversified Logistics). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Step Up Logistics Private Limited | ₹39.16 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Delhi, India |
| Shipdelight Logistics Technologies Private Limited | ₹39.11 Cr (FY 2024) | •••• | •••• | 68.0% | •••• | Mumbai, Maharashtra, India |
| F.R.Enterprises Private Limited | ₹39.11 Cr (FY 2025) | •••• | •••• | -41.0% | •••• | Raipur, Chhattisgarh, India |
| Protocol Marine Services Private Limited | ₹39.09 Cr (FY 2021) | •••• | •••• | -66.0% | •••• | Mumbai, Maharashtra, India |
| Bismarck World Private Limited | ₹39.05 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Indicold Private Limited this company | ₹39 Cr (FY 2024) | •••• | •••• | 227.0% | •••• | New Delhi, Delhi, India |
| PGS Ecom Express Private Limited | ₹38.98 Cr (FY 2024) | •••• | •••• | 377.0% | •••• | New Delhi, Delhi, India |
| Khimji Poonjafreight Forwaders Private Limited | ₹38.9 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Affinity Maritime Services Private Limited | ₹38.81 Cr (FY 2025) | •••• | •••• | 108.0% | •••• | Kolkata, West Bengal, India |
| Shipal Line India Private Limited | ₹38.74 Cr (FY 2024) | •••• | •••• | -15.0% | •••• | Mumbai, Maharashtra, India |
| Hora Transport Company Pvt Ltd | ₹38.74 Cr (FY 2022) | •••• | •••• | -12.0% | •••• | Raipur, Chhattisgarh, India |
Peers are the five companies nearest above and the five nearest below Indicold by revenue in the Transport and Logistics industry (Cold Storage and Warehousing, Diversified Logistics), 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 Indicold Private Limited
Indicold Private Limited is audited by M.L. MUTNEJA & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M.L. MUTNEJA & CO. | Locked | Locked | Locked |
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Ownership and Shareholding of Indicold Private Limited
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Charges & Borrowings of Indicold Private Limited
Open charges
₹21.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jan 2025 | Others | ₹14 Cr | Open |
| 24 Jan 2025 | Others | ₹5 Cr | Open |
| 04 Jun 2023 | Hdfc Bank Limited | ₹2.5 Cr | Open |
Total charge records: 3 View all charges
Deals & Funding of Indicold Private Limited
Indicold Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹10 Cr; the latest was in March 2024.
Total deals
1
Funding round
1
Disclosed funding
₹10 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Funding round · Pre-Series A | ₹10 Cr | Investors: Fundalogical ventures |
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Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
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Legal Cases of Indicold Private Limited
Indicold Private Limited has 1 court case on record: 1 filed by Indicold. All case is pending. Status as checked on 01 Oct 2026.
Total cases
1
Filed by the company
1
Pending
1
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, South East, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Indicold Private Limited
Indicold Private Limited has a workforce of 34 employees as of Mar 22, 2024.
Employee count
34
Active EPFO establishments
1
Employee growth
41.67%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Indicold Private Limited
Indicold Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Ratna Mehta Nair ceased to be Additional Director on 29 Sep 2024.
Charges
A charge with Others amounted to Rs. 1,400.00 Lakh with Charge ID 101052151 was registered on 24 Jan 2025.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 101052152 was registered on 24 Jan 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 250.00 Lakh registered on 04 Jun 2023 with Charge ID 100744922 was modified on 29 Nov 2024.
AGM
Indicold Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Ratna Mehta Nair ceased to be Additional Director.
Filing
Indicold Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Appointed
Ratna Mehta Nair was appointed as Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 250.00 Lakh with Charge ID 100744922 was registered on 04 Jun 2023.
Appointed
Kartik Jalan was appointed as Managing Director.
Appointed
Niharika Jalan was appointed as Director.
Incorporation
13 Nov 2019
Indicold Private Limited was registered on 13 Nov 2019 with Roc Delhi & aged 6 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Indicold Private Limited
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MSME Payment Delays by Indicold Private Limited
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Subsidiaries & Group Companies of Indicold Private Limited
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Corporate group structure
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GST Compliance of Indicold Private Limited
Indicold has 12 GST registrations: 10 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
12
Active
10
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCI4665R1ZT | Delhi | Active | 14 Mar 2022 |
| 29AAFCI4665R1ZN | Karnataka | Active | 09 Dec 2019 |
| 06AAFCI4665R1ZV | Haryana | Active | 01 Jan 2020 |
| 09AAFCI4665R3ZN | Uttar Pradesh | Active | 24 Dec 2021 |
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GST registrations and filing compliance
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MCA Filings & Documents of Indicold Private Limited
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MCA filings and documents
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Frequently Asked Questions about Indicold Private Limited
Indicold is an active private limited company based in New Delhi, Delhi, India. The company works in cold storage and warehousing services, within the transport and logistics industry. It was incorporated on 13 November 2019 (7+ years old) and is registered under CIN U74999DL2019PTC357379.
Indicold reported revenue of ₹39 Cr for FY 2024 (up 227% YoY).
Indicold has 2 current directors:
- Kartik Jalan - Managing Director
- Niharika Jalan - Director
Indicold reported a net profit of ₹15.89 Lakh (net margin 0.4%) and EBITDA of ₹63.93 Lakh (EBITDA margin 1.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indicold is 207% over three years. In the latest year (FY 2024) revenue rose 227%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indicold is 07AAFCI4665R1ZT, registered in Delhi. The company has 12 GST registrations in all, of which 10 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAFCI4665R1ZN (Karnataka), 06AAFCI4665R1ZV (Haryana), 09AAFCI4665R3ZN (Uttar Pradesh).
The CIN (Corporate Identification Number) of Indicold is U74999DL2019PTC357379. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indicold has 1 court case on record: 1 filed by the company. 1 is pending.
Indicold was incorporated on 13 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Indicold has 1 deal on record (1 funding round), with disclosed funding of ₹10 Cr; the latest was in March 2024.
The peers of Indicold by revenue are Step Up Logistics Private Limited, Shipdelight Logistics Technologies Private Limited, F.R.Enterprises Private Limited, Protocol Marine Services Private Limited, Bismarck World Private Limited and 5 more, all in the Transport and Logistics industry (Cold Storage and Warehousing, Diversified Logistics).