What Coldwave does

Coldwave A & R Pvt Ltd., operating as Coldwave, is an Ahmedabad-based commercial refrigeration equipment manufacturer and supplier founded in 1998. The company designs, manufactures, and services a broad product catalog aimed at the HoReCa sector, industrial kitchens, and retail display, including convertible chest freezers (standard and copper-condenser variants), combi chest freezers, glass top chest freezers, showcase coolers, reach-in and undercounter refrigerators and freezers, back bar coolers, cake display coolers, and stainless steel drinking water coolers. Core technology centers on 100% copper refrigeration systems with inner grouped copper tubing, tropicalized compressors engineered for high ambient temperatures, frost-free evaporators, digital temperature controllers, PUF insulation, and eco-friendly refrigerants (R290, R600a, R134a), with capacities spanning roughly 93L to 1060L across the lineup.

The business operates a direct B2B sales model across West India, supported by a registered office and a separate warehouse/distribution facility in Ahmedabad, with installation and ongoing maintenance offered as part of the customer engagement. Revenue is generated primarily through hardware sales of refrigeration units, supplemented by after-sales service and maintenance contracts. Pricing is not publicly disclosed and customers engage the sales team directly for quotes. The company displays enterprise customer logos spanning Food & Beverage (Vadilal, Dangee, Crush Coffee, Tea Post, Khushboo, Planet), Healthcare (HCG), Pharmaceutical retail (Medkart), Banking (SBI), and Real Estate/Corporate (Rajpath). Coldwave has also established an e-waste compliance partnership with Deshwal Waste Management to handle end-of-life equipment under India E-Waste Management and Handling Rules. The company is privately held with 11–50 employees and no disclosed institutional investors or parent company.

Name

Coldwave

Legal name

Coldwave A & R Pvt Ltd.

Website

https://coldwave.in

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Coldwave is an Ahmedabad-based manufacturer of commercial refrigeration equipment founded in 1998, supplying chest freezers, showcase coolers, cake and back bar coolers, water coolers, and reach-in units to HoReCa, industrial kitchen, and retail customers across West India.

Ownership category

akta.pro rank

Product category

Commercial Refrigeration Equipment

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

Commercial & Industrial Refrigeration Systems (IMAHAKAA)

akta.pro secondary industries

Compressors, Refrigeration Components & Condensing Units (IMADANAG), Cold Chain & Temperature-Controlled Storage Equipment (IMAHAKAJ)

Keywords

• Commercial refrigeration equipment
• Chest freezers manufacturing
• Showcase coolers display
• HoReCa refrigeration solutions
• Commercial kitchen freezers

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Refrigeration Equipment Sales: Coldwave generates revenue through the manufacture and sale of commercial refrigeration equipment including chest freezers, showcase coolers, water coolers, reach-in refrigerators, undercounter units, back bar coolers, and cake display coolers. Products are sold directly to commercial businesses in the HoReCa sector and industrial kitchens.
2. After-sales Service and Maintenance: The company provides ongoing maintenance support as part of their service offering, generating service revenue from installation and maintenance contracts with commercial customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Coldwave manufactures and supplies commercial refrigeration equipment, including convertible chest freezers, copper condenser chest freezers, combi chest freezers, glass top chest freezers, showcase coolers/visicoolers, reach-in and undercounter refrigerators and freezers, back bar coolers, cake display coolers, and stainless steel drinking water coolers. The company sells these directly to commercial buyers (hotels, restaurants, bars, catering units, retail stores, industrial kitchens) across West India and provides bundled product selection, installation, and ongoing maintenance support. All units are built with 100% copper refrigeration systems and tropicalized compressors engineered for high ambient Indian temperatures.

Product overview

Coldwave is a commercial refrigeration equipment manufacturer established in 1998, offering a comprehensive portfolio of refrigeration solutions for the HoReCa (Hotels, Restaurants, Catering) segment and retail businesses. The product lineup includes: Convertible Chest Freezers (standard and copper condenser variants) for versatile storage needs; Combi Chest Freezers providing dual freezer/cooler functionality; Glass Top Chest Freezers for ice cream display; Showcase Coolers and Visicoolers for retail product display; Reach-In and Undercounter Refrigerators and Freezers for commercial kitchens; Back Bar Coolers for beverage service; Cake Coolers for bakery applications; and Drinking Water Coolers in stainless steel construction. All products feature advanced cooling technology with focus on tropicalized design for Indian climate conditions, durable construction, and energy efficiency. The company operates from Ahmedabad, Gujarat and serves customers across West India.

Differentiator

Problem solved

Functional benefit

Products and services

• Convertible Chest Freezer (CWCF125SD / CWCF250SD / CWCF350SD / CWCF350DD / CWCF450DD / CWCF550DD) Commercial deep freezers with convertible functionality allowing use as freezer or cooler. Available in multiple capacities from 93L to 550L with pre-coated sheet inner tanks, tropicalized compressors, and single or double door options. Targeted at restaurants, hotels, catering units, and retail stores.
• Convertible Chest Freezer Copper (CWCF355DD / CWCF455DD / CWCF555DD / CWCF755TD / CWCF825TD / CWCF1150TD) Commercial chest freezers featuring copper cooling coils for enhanced durability and long life, with tropicalized compressors for high ambient temperature operation. Capacities range from 330L to 1060L gross. Designed for heavy-duty HoReCa and industrial kitchen use.
• Combi Chest Freezer (CWCF300 COMBI / CWCF450 COMBI / CWCF550 COMBI) Dual-temperature chest freezers combining freezer and cooler functionality in a single unit. CWCF300 COMBI offers 150L freezer and 150L cooler; CWCF450 COMBI offers 225L each; CWCF550 COMBI offers 275L each. Suited to HoReCa and retail operations needing both freezing and refrigeration.
• Glass Top Chest Freezer (CWCF355GT / CWCF455GT / CWCF555GT) Ice cream display freezers with flat sliding glass doors, 4-star rating, and tropicalized compressors. Feature corrosion-resistant pre-coated steel body, wheels for mobility, and temperature range of -18°C to -22°C. Designed for ice cream retail and display.
• Showcase Cooler / Visicooler (CWSC300I / CWSC400I / CWSC550 / CWSC650I / CWSC1050I) Glass door refrigerators designed for retail display. Feature inner ABS plastic cabinets, tropicalized design for high ambient temperatures, toughened glass doors, and capacities from 300L to 1050L. Used by retail stores for beverage and packaged product merchandising.
• Reach-In & Undercounter Refrigerators (CWRI550C / CWRI1050C / CWRI500C / CWRI1000C / CWUC1500C / CWUC1800C) Commercial kitchen refrigeration units available in reach-in and undercounter configurations. Feature frost-free or static cooling options, digital temperature controllers, adjustable shelves, and capacities from 500L to 1000L. Built for restaurant and industrial kitchen operations.
• Reach-In & Undercounter Freezers (CWRI550F / CWRI1050F / CWUC1500F / CWUC1800F) Commercial freezer units in reach-in and undercounter formats. Feature frost-free cooling, heavy-duty lockable castors, eco-friendly refrigerants, and temperature range of -18°C to -22°C. Designed for commercial kitchen and food service freezing needs.
• Back Bar Cooler (CWBB250 / CWBB350) Commercial bottle coolers designed for bars. Feature no-frost evaporators, inner fans, replaceable door gaskets, adjustable shelves, inner LED lighting, and auto-closing hinge doors. CWBB250 (225L, 2 glass doors) and CWBB350 (330L, 3 glass doors). Used by bars, pubs, and restaurants for beverage service.
• Cake Cooler / Cake Display Cooler (CWCC900 / CWCC1200 / CWCC1500) Bakery refrigeration equipment with stainless steel front and base, frost-free cooling, digital temperature controllers, copper evaporators, and wheels for mobility. Operating temperature 2°C to 8°C. Capacities: CWCC900 (286L), CWCC1200 (399L), CWCC1500 (512L). Targeted at bakeries and pastry display.
• Drinking Water Cooler (CWWC1010SS / CWWC1020SS / CWWC1530SS / CWWC1540SS / CWWC4040SS / CWWC4080SS / CWWC6080SS / CWWC60120SS / CWWC120150SS / CWWC150150SS) Stainless steel commercial drinking water coolers with 100% copper refrigeration systems, heavy-duty compressors, eco-friendly design, and PUF insulation. Capacities range from 10L to 150L storage with varying numbers of faucets. Suited to offices, industrial kitchens, and institutional buyers.
• After-Sales Installation and Maintenance Service Installation and ongoing maintenance service provided as part of Coldwave's commercial refrigeration offering, covering product selection support, on-site installation, and post-sale maintenance contracts with commercial customers.

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Deshwal Waste Management Pvt. Ltd.coreStrategic or Co-development PartnerColdwave has partnered with Deshwal Waste Management Pvt. Ltd. for environmentally sound management of electronic devices at end-of-life. This partnership ensures compliance with India E-Waste Management and Handling Rules. Deshwal Waste Management collects customer-returned equipment and recycles e-waste through their authorized processing facilities. The partnership provides drop-off centers across India and a toll-free number (1800 102 9077) for e-waste pickup requests from Monday to Friday, 10:00 AM to 5:30 PM. No fee is charged from consumers for recycling.

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Voltas Limited: Voltas is a major Indian HVAC and commercial refrigeration manufacturer, part of the Tata Group, offering commercial refrigeration, cold chain equipment, and cooling solutions across HoReCa, retail, and industrial segments, making it a broad incumbent competitor to Coldwave in the same Indian market.
• Blue Star Limited: Blue Star is one of India's largest commercial refrigeration and air-conditioning companies, serving food retail, HoReCa, pharmaceutical, and industrial customers with a broad product portfolio that directly overlaps with Coldwave's commercial refrigeration offering.
• Haier India: Haier is a global home and commercial appliance giant that offers commercial refrigeration products in India through its B2B and HoReCa divisions, representing a broad incumbent competitor with greater scale and brand recognition than Coldwave.
• Carrier Refrigeration India: Carrier is a global HVACR leader whose Indian operations supply commercial refrigeration equipment and cold chain solutions across food retail and HoReCa, making it a large incumbent competitor with overlapping customer segments.
• Middleby Corporation (India): Middleby is a global commercial foodservice equipment company with Indian distribution, offering commercial refrigeration including display and back-bar units that overlap with Coldwave's HoReCa-targeted product line.

Direct peers

• Frigmaires Engineers Pvt. Ltd. Frigmaires is an India-based commercial refrigeration equipment manufacturer specializing in display coolers, deep freezers, and cold room equipment for HoReCa and retail, making it a directly comparable Indian competitor to Coldwave.
• Hoshizaki India: Hoshizaki is a global commercial kitchen and refrigeration equipment manufacturer with a presence in India, offering commercial freezers, ice machines, and display refrigerators that compete head-to-head with Coldwave's HoReCa and bakery product lineup.
• Western Refrigeration Private Limited: Western Refrigeration is an Indian commercial refrigeration manufacturer offering chest freezers, display coolers, and water coolers for HoReCa and dairy applications, making it a directly comparable peer serving the same SMB customer base as Coldwave.

Emerging players

• True Refrigeration India: True Manufacturing is a US-based commercial refrigeration specialist expanding into India with reach-in refrigerators, display cases, and undercounter units targeting HoReCa and foodservice, representing an emerging direct peer competing with Coldwave in the same verticals.

Regional players

• Technico India: Technico is an Indian commercial refrigeration and cold storage equipment manufacturer with regional operations, offering commercial freezers and cold rooms that compete with Coldwave's commercial refrigeration portfolio in the Indian subcontinent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/coldwavepvtltd
• LinkedInlinkedin.com/company/coldwave-air-techniques-private-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coldwave