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Icean Private Limited - transport and logistics in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹16.83 Cr
▲ 20% YoY
Net loss · FY 2025
₹1.8 Cr
Net margin -10.7%
EBITDA · FY 2025
₹1.19 Cr
EBITDA margin 7.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹6 Lakh
Issued & subscribed
Open charges
₹8.61 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
15
Provident fund records
About Icean Private Limited
Data last updated:
Icean Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 17 February 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63030KA2021PTC144296. Its GSTIN is 29ABFCS4852H1ZZ (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6 Lakh. It was formerly known as Snowmax Logistics Private Limited. It is led by directors Sanjay Kumar Chatterjee (Managing Director) and Chethan Rao.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.83 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net loss of ₹1.8 Cr (net margin -10.7%) and EBITDA of ₹1.19 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: ICEAN and Snowmax. As per MCA filings, the company has open charges of ₹8.61 Cr on record. Court records list 13 cases involving the company, including 1 filed by the company and 12 filed against it; 3 cases are pending.
Icean Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0008609). For more details, the company can be reached via its website snowmax.in.
Company details
CIN U63030KA2021PTC144296
Registration Number 144296
Incorporation Date 17 February 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-02-0008609
Recognitions & Rankings of Icean
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-02-0008609
Contact details
Icean Private Limited's registered office is in Bangalore, Karnataka. Its website is snowmax.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address6 First Floor 1st Cross, Basaveshwara Nagar Beml 3rd Stage, Bangalore, Karnataka, India – 560098
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Icean Private Limited, buy the company report.
Comprehensive company report
Icean 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
Icean operates two associated brands: ICEAN and SNOWMAX. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers cold chain logistics and temperature-controlled transportation services for perishable goods. | icean.in | |
| Provider of cold chain logistic & supply chain and storage services | snowmax.in |
Business activity
The main business activity of Icean is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Icean Private Limited, buy the company report.
Financials of Icean Private Limited
FY 2025 filings availableIcean Private Limited reported revenue of ₹16.83 Cr (up 20% YoY) for FY 2025.
Revenue · FY 2025
₹16.83 Cr ▲ 20%
Net loss · FY 2025
₹1.8 Cr margin -10.7%
EBITDA · FY 2025
₹1.19 Cr margin 7.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 33%
EBITDA CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 38%
Revenue has grown at a compounded annual rate (CAGR) of 33% over three years, including 20% growth in the latest year. EBITDA rose 15% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.8 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | ||||
| Net Profit Margin | -10.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Icean Private Limited, buy the company report.
Board of directors of Icean Private Limited
Icean has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Kumar Chatterjee | Managing Director | 17 Feb 2021 | 5 Years 8 Months | Current |
| Chethan Rao | Director | 17 Feb 2021 | 5 Years 8 Months | Current |
Peer comparison
Icean Private Limited is compared with the 7 companies closest to it by revenue in the Transport and Logistics industry (Road Carriers and Trucking), with the same principal business activity (land transport via road), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rabaa Coal Carrier Private Limited | ₹16.95 Cr (FY 2025) | -14.0% | Gurgaon, Haryana, India | |||
| Colombus Freight Logistics Private Limited | ₹16.9 Cr (FY 2024) | 6.0% | Tiruppur, Tamil Nadu, India | |||
| Mars Logistics Express Private Limited | ₹16.87 Cr (FY 2025) | -15.0% | Nagpur, Maharashtra, India | |||
| Icean Private Limitedthis company | ₹16.83 Cr (FY 2025) | -₹1.8 Cr | -10.7% | 20.0% | 15 | Bangalore, Karnataka, India |
| Cti Infrastructure Private Limited | ₹16.81 Cr (FY 2024) | -22.0% | Kolkata, West Bengal, India | |||
| Naresh Translink Private Limited | ₹16.74 Cr (FY 2025) | 13.0% | Ahmedabad, Gujarat, India | |||
| Seaside Vintrade Private Limited | ₹16.71 Cr (FY 2025) | -16.0% | Kolkata, West Bengal, India | |||
| Bharatiya Road Transport Private Limited | ₹16.66 Cr (FY 2024) | 15.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Icean Private Limited, buy the company report.
Auditor
Icean Private Limited is audited by M K SAHOO & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M K SAHOO & ASSOCIATES | FY 2023 | 0328901E |
Shareholding
The shareholding of Icean Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Icean Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.61 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2025 | 101134701 | Others | ₹88.1 Lakh | Open | |
| 21 Jan 2025 | 101046689 | Others | ₹50 Lakh | Open | |
| 08 Oct 2024 | 100990287 | Others | ₹34.27 Lakh | Open | |
| 27 Mar 2024 | 100908891 | Others | ₹1.99 Cr | Open | |
| 16 Mar 2024 | 100899575 | Hdfc Bank Limited | ₹3.08 Cr | Open |
To see the full charge records of Icean Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Icean Private Limited has 13 court cases on record: 1 filed by Icean, 12 filed against it. 3 cases are pending and 10 are disposed.
Total cases
13
Filed by the company
1
Filed against the company
12
Pending
3
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 3 |
| NCLT | 3 | 3 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.Misc.) | Filed against the company by M/S Snowman Logistics Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Snowman Logistics Limited | Disposed |
| High Court | Revision petition | Filed by the company against Snowman Logistics Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Snowman Logistics Limited | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed against the company by M/S Snowman Logistics Limited | Disposed |
To see the full case history of Icean 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Icean Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Icean Private Limited has a workforce of 15 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
15
Active EPFO establishments
1
Employee growth
25%
GST
Icean has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABFCS4852H1ZZ | Karnataka | Active | 09 Mar 2021 |
| 07ABFCS4852H1Z5 | Delhi | Active | 02 Jun 2022 |
To see the full GST registrations and return filing status of Icean Private Limited, buy the company report.
Recent activity
Icean Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Chethan Rao was appointed as Director on 17 Feb 2021.
AGM
Icean Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 88.10 Lakh with Charge ID 101134701 was registered on 28 Jun 2025.
Filing
Icean Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 101046689 was registered on 21 Jan 2025.
Charges
A charge with Others amounted to Rs. 34.27 Lakh with Charge ID 100990287 was registered on 08 Oct 2024.
Charges
A charge with Others amounted to Rs. 199.04 Lakh with Charge ID 100908891 was registered on 27 Mar 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 308.25 Lakh with Charge ID 100899575 was registered on 16 Mar 2024.
Charges
A charge with Karnataka Bank Ltd. of Rs. 30.00 Lakh registered on 13 Apr 2022 with Charge ID 100575380 was modified on 05 Aug 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 90.51 Lakh with Charge ID 100654401 was registered on 28 Nov 2022.
Charges
A charge with Others amounted to Rs. 24.73 Lakh with Charge ID 100579479 was registered on 30 May 2022.
Charges
A charge with Others amounted to Rs. 26.69 Lakh with Charge ID 100572693 was registered on 09 May 2022.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 30.00 Lakh with Charge ID 100575380 was registered on 13 Apr 2022.
4 earlier events are in the company report.
Frequently asked questions
Icean is an active private limited company based in Bangalore, Karnataka, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 17 February 2021 (5+ years old) and is registered under CIN U63030KA2021PTC144296.
Icean has 2 current directors:
- Sanjay Kumar Chatterjee - Managing Director
- Chethan Rao - Director
The latest financial statements of Icean on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Icean is 29ABFCS4852H1ZZ, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07ABFCS4852H1Z5 (Delhi).
The CIN (Corporate Identification Number) of Icean is U63030KA2021PTC144296. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icean has 13 court cases on record: 1 filed by the company and 12 filed against it. 3 are pending. Most are in the district courts.
Icean was incorporated on 17 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Icean by revenue are Rabaa Coal Carrier Private Limited, Colombus Freight Logistics Private Limited, Mars Logistics Express Private Limited, Cti Infrastructure Private Limited, Naresh Translink Private Limited and 2 more, all in the Transport and Logistics industry (Road Carriers and Trucking), with the same principal business activity (land transport via road).
Chethan Rao was appointed as Director on 17 Feb 2021. Sanjay Kumar Chatterjee was appointed as Managing Director on 17 Feb 2021.
Yes, Icean is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Icean is registered as a small enterprise under Udyam registration (number: UDYAM-KR-02-0008609).
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