India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #571 Jasbir Singh ₹5,900 Cr
- #633 Daljit Singh ₹5,100 Cr
Revenue · FY 2025
₹453.15 Cr
▲ 55.75% YoY
Net profit · FY 2025
₹52.82 Cr
Net margin 11.7%
EBITDA · FY 2025
₹83.07 Cr
EBITDA margin 18.3%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹4.5 Cr
Issued & subscribed
Open charges
₹550 Cr
Satisfied ₹184.77 Cr
Company age
61 yrs
Est. 1965
Employees · EPFO
1,091
Provident fund records
About Sidwal Refrigeration Industries Private Limited
Data last updated:
Sidwal Refrigeration Industries Private Limited is a private limited company based in Ballabgarh, Haryana, India, a subsidiary of Amber Enterprises India Limited. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 16 August 1965 and has been in existence for over 61 years.
Its director Jasbir Singh is #571 among India's richest people (2026). Its director Daljit Singh is #633 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U74899HR1965PTC112468. Its GSTIN is 06AABCS2363L1ZA (Haryana). The company holds 7 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.5 Cr. It was formerly known as Sidwal Refrigeration Industries Limited and Sidwal Refrigeration Industries Pvt Ltd. It is led by directors including Udaiveer Singh (Managing Director) and Daljit Singh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 04 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot 23 Sector 6 Faridabad, Ballabgarh, Haryana, India – 121006.
As per the financials filed for FY 2025, the company reported a revenue of ₹453.15 Cr. For the same year it recorded a net profit of ₹52.82 Cr (net margin 11.7%) and EBITDA of ₹83.07 Cr (EBITDA margin 18.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 14% over five years.
The company has about 1,091 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Sidwal. As per MCA filings, the company has open charges of ₹550 Cr and satisfied charges of ₹184.77 Cr on record. Court records list 21 cases involving the company, including 9 filed by the company and 12 filed against it; 5 cases are pending. The company has 5 deals on record (5 secondary share transfers); the latest was in September 2020. Its 6 peer companies in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 2 smaller; the largest is Kaeser Compressors (India) Private Limited with revenue of ₹738.12 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2024, listing 503 overdue payments to 37 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sidwal.com.
Company details
CIN U74899HR1965PTC112468
Registration Number 112468
Incorporation Date 16 August 1965
ROC Haryana
Listing Status Unlisted
Company Status Active
Date of Last AGM 04 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Amber Enterprises India Limited
Compliance Status Active Compliant
Name history
Sidwal Refrigeration Industries has undergone 2 name changes throughout its history. The company was previously known as Sidwal Refrigeration Industries Limited, and Sidwal Refrigeration Industries Pvt Ltd. The current legal name is Sidwal Refrigeration Industries Private Limited.
| Company Name | Status |
|---|---|
| Sidwal Refrigeration Industries Private Limited | Current |
| Sidwal Refrigeration Industries Limited | Previous |
| Sidwal Refrigeration Industries Pvt Ltd | Previous |
CIN history
Sidwal Refrigeration Industries has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74899HR1965PTC112468, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899HR1965PTC112468 | Current |
| U74899DL1977PLC008575 | Previous |
| U74899DL1965PLC008575 | Previous |
| U74899DL1965PTC008575 | Previous |
Recognitions & Rankings of Sidwal Refrigeration Industries
Contact details
Sidwal Refrigeration Industries Private Limited's registered office is in Ballabgarh, Haryana. Its website is sidwal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot 23 Sector 6 Faridabad, Ballabgarh, Haryana, India – 121006
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Sidwal Refrigeration Industries Private Limited, buy the company report.
Comprehensive company report
Sidwal Refrigeration Industries 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
Sidwal Refrigeration Industries operates one associated brand: SIDWAL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Air conditioning and refrigeration systems for mobility are manufactured. | sidwal.com |
Business activity
The main business activity of Sidwal Refrigeration Industries 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 Sidwal Refrigeration Industries Private Limited, buy the company report.
Financials of Sidwal Refrigeration Industries Private Limited
FY 2025 filings availableSidwal Refrigeration Industries Private Limited reported revenue of ₹453.15 Cr for FY 2025.
Revenue · FY 2025
₹453.15 Cr
Net profit · FY 2025
₹52.82 Cr margin 11.7%
EBITDA · FY 2025
₹83.07 Cr margin 18.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 16%
5 years · compounded
▲ 14%
EBITDA CAGR growth
3 years · compounded
▲ 7%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years. 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹453.15 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹83.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹52.82 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.3% | ||||
| Net Profit Margin | 11.7% | ||||
| 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 Sidwal Refrigeration Industries Private Limited, buy the company report.
Board of directors of Sidwal Refrigeration Industries Private Limited
Sidwal Refrigeration Industries has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Daljit Singh Also directs: Amber Enterprises India Limited, Ascent-K Circuit Private Limited, Pravartaka Tooling Services Private Limited and 5 more | Whole-Time Director | 07 May 2019 | 7 Years 5 Months | Current |
| Jasbir Singh Also directs: Amber Enterprises India Limited, Ascent-K Circuit Private Limited, Pravartaka Tooling Services Private Limited and 4 more | Director | 07 May 2019 | 7 Years 5 Months | Current |
| Prakash Iyer Also directs: Amber Enterprises India Limited, Il Jin Electronics (India) Limited, Shogini Technoarts Pvt Ltd and 5 more | Director | 21 Oct 2024 | 2 Years 0 Months | Current |
| Simran Singh Also directs: Pravartaka Tooling Services Private Limited, Shogini Technoarts Pvt Ltd, Ascent Circuits Private Limited and 2 more | Director | 09 Aug 2022 | 4 Years 2 Months | Current |
| Udaiveer Singh | Managing Director | 30 Jan 2020 | 6 Years 9 Months | Current |
| Girish Kumar Ahuja | Director | 06 Aug 2020 | 6 Years 2 Months | Current |
Peer comparison
Sidwal Refrigeration Industries Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Compressors), 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 |
|---|---|---|---|---|---|---|
| Kaeser Compressors (India) Private Limited | ₹738.12 Cr (FY 2025) | -9.0% | Pune, Maharashtra, India | |||
| Tecumseh Products India Private Limited | ₹682.53 Cr (FY 2025) | 24.0% | Hyderabad, Telangana, India | |||
| Stulz - Chspl (India) Private Limited | ₹551.25 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Modine Thermal Systems Private Limited | ₹519.87 Cr (FY 2025) | -3.0% | Sunguvarchatiram, Tamil Nadu, India | |||
| Sidwal Refrigeration Industries Private Limitedthis company | ₹453.15 Cr (FY 2025) | ₹52.82 Cr | 11.7% | 1,091 | Ballabgarh, Haryana, India | |
| KRN Heat Exchanger and Refrigeration Limited | ₹441.71 Cr (FY 2025) | 41.0% | Neemrana, Rajasthan, India | |||
| Climaveneta Climate Technologies Private Limited | ₹417.97 Cr (FY 2025) | 27.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Sidwal Refrigeration Industries Private Limited, buy the company report.
Auditor
Sidwal Refrigeration Industries Private Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2025 | 301003E/E300005 |
Shareholding
The shareholding of Sidwal Refrigeration Industries Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sidwal Refrigeration Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹550 Cr
Satisfied charges
₹184.77 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2025 | 101144469 | The South Indian Bank Limited | ₹100 Cr | Open | |
| 28 Nov 2024 | 101022228 | The Hongkong and Shanghai Banking Corporation Limited | ₹100 Cr | Open | |
| 28 Nov 2024 | 101022251 | The Hongkong and Shanghai Banking Corporation Limited | ₹5 Cr | Open | |
| 30 Nov 2023 | 100829512 | Yes Bank Limited | ₹135 Cr | Open | |
| 01 Jul 2023 | 100753695 | Others | ₹100 Cr | Open |
To see the full charge records of Sidwal Refrigeration Industries Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Sidwal Refrigeration Industries Private Limited has 5 deals on record (5 secondary share transfers); the latest was in September 2020.
Total deals
5
Secondary share transfers
5
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: Amber Enterprises India Limited Seller: 2 individuals |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2019 | Secondary share transfer | Undisclosed | Buyer: Amber Enterprises India Limited Seller: 2 individuals |
| Nov 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sidwal Refrigeration Industries Private Limited has 21 court cases on record: 9 filed by Sidwal Refrigeration Industries, 12 filed against it. 5 cases are pending and 16 are disposed.
Total cases
21
Filed by the company
9
Filed against the company
12
Pending
5
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 5 | 3 |
| District courts | 9 | 7 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (A.S.) | Filed against the company by M/S Beml Limited | Disposed |
| District court, Central, Delhi | Civil suit | Filed against the company by Bharat Bijlee Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.S.) | Filed against the company by M/S Beml Limited | Disposed |
| High Court | Writ petition | Filed by the company against Kolkata Metro Rail Corporation Ltd. & Anr. | Disposed |
| District court, Central, Delhi | Civil suit | Filed against the company by Ms Badri Enterprises P. Ltd. | Disposed |
To see the full case history of Sidwal Refrigeration Industries Private 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.
Credit ratings & regulatory alerts
Sidwal Refrigeration Industries Private Limited was last rated by Care on 15 Mar 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 15 Mar 2023 |
To see the full credit ratings and regulatory alerts of Sidwal Refrigeration Industries Private Limited, buy the company report.
MSME payment delays
Sidwal Refrigeration Industries Private Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 503 overdue payments to 37 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 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Koolking Udhyog Private Limited | |||
| Ener Industries Private Limited |
To see the full MSME payment records of Sidwal Refrigeration Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Sidwal Refrigeration Industries has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| At Railway Sub Systems Private Limited | U30204HR2024PTC119865 |
To see the full group structure of Sidwal Refrigeration Industries Private Limited, buy the company report.
Employees & EPFO
Sidwal Refrigeration Industries Private Limited has a workforce of 1,091 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
Employee count
1,091
Active EPFO establishments
1
Employee growth
2.73%
GST
Sidwal Refrigeration Industries has 7 GST registrations: 3 active and 4 cancelled or inactive.
Total GSTINs
7
Active
3
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCS2363L1ZA | Haryana | Active | 01 Jul 2017 |
| 02AABCS2363L2ZH | Himachal Pradesh | Active | 01 Jul 2017 |
| 07AABCS2363L1Z8 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sidwal Refrigeration Industries Private Limited, buy the company report.
Recent activity
Sidwal Refrigeration Industries Private Limited has 12 board changes on record since 2008: 6 appointments and 6 cessations. The latest: Prakash Iyer was appointed as Director on 21 Oct 2024.
Charges
A charge with Others of Rs. 100.00 Cr registered on 01 Jul 2023 with Charge ID 100753695 was modified on 08 Jul 2026.
Charges
A charge with The South Indian Bank Limited of Rs. 100.00 Cr registered on 02 Aug 2025 with Charge ID 101144469 was modified on 28 Nov 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 100.00 Cr registered on 28 Nov 2024 with Charge ID 101022228 was modified on 28 Nov 2025.
AGM
Sidwal Refrigeration Industries Private Limited last Annual general meeting of members was held on 04 Aug 2025 as per latest MCA records.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 100.00 Cr with Charge ID 101144469 was registered on 02 Aug 2025.
Filing
Sidwal Refrigeration Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Haryana.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 5.00 Cr with Charge ID 101022251 was registered on 28 Nov 2024.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 100.00 Cr with Charge ID 101022228 was registered on 28 Nov 2024.
Appointed
Prakash Iyer was appointed as Director.
Charges
A charge with Yes Bank Limited of Rs. 135.00 Cr registered on 30 Nov 2023 with Charge ID 100829512 was modified on 03 Jul 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 110.00 Cr registered on 21 May 2015 with Charge ID 10571130 was modified on 03 Jul 2024.
Charges
A charge with Yes Bank Limited amounted to Rs. 135.00 Cr with Charge ID 100829512 was registered on 30 Nov 2023.
30 earlier events are in the company report.
Frequently asked questions
Sidwal Refrigeration Industries is an active private limited company based in Ballabgarh, Haryana, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 16 August 1965 (61+ years old) and is registered under CIN U74899HR1965PTC112468.
Sidwal Refrigeration Industries has 6 current directors:
- Udaiveer Singh - Managing Director
- Daljit Singh - Whole-Time Director
- Jasbir Singh - Director
- Prakash Iyer - Director
- Simran Singh - Director
- Girish Kumar Ahuja - Director
The latest financial statements of Sidwal Refrigeration Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sidwal Refrigeration Industries is 06AABCS2363L1ZA, registered in Haryana. The company has 7 GST registrations in all, of which 3 are active and 4 are cancelled or inactive. Other active GSTINs include 02AABCS2363L2ZH (Himachal Pradesh), 07AABCS2363L1Z8 (Delhi).
The CIN (Corporate Identification Number) of Sidwal Refrigeration Industries is U74899HR1965PTC112468. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sidwal Refrigeration Industries has 21 court cases on record: 9 filed by the company and 12 filed against it. 5 are pending. Most are in the high courts.
Sidwal Refrigeration Industries was incorporated on 16 August 1965, making it 61+ years old. It is registered with the Registrar of Companies, Haryana.
Sidwal Refrigeration Industries has 5 deals on record (5 secondary share transfers); the latest was in September 2020.
The peers of Sidwal Refrigeration Industries by revenue are Kaeser Compressors (India) Private Limited, Tecumseh Products India Private Limited, Stulz - Chspl (India) Private Limited, Modine Thermal Systems Private Limited, KRN Heat Exchanger and Refrigeration Limited and 1 more, all in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Prakash Iyer was appointed as Director on 21 Oct 2024. Satwinder Singh ceased to be Director on 09 Aug 2022. Simran Singh was appointed as Director on 09 Aug 2022. Sidwal Refrigeration Industries has 12 board changes on record in total.
Sidwal Refrigeration Industries has 8 MSME Form 1 returns on record between 2019 and 2024, listing 503 overdue payments to 37 micro and small suppliers. The latest return was filed on 30 May 2024.
Sidwal Refrigeration Industries can be reached through the website sidwal.com. Its registered office is in Ballabgarh, Haryana, India.
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