Archive · 29 Jul 2026
Ice Make Partners with Galilei for Strategic Investment
Ice Make Refrigeration Limited, an Indian company, has partnered with Galilei Holdings Co.
Ltd, a Japanese company, to raise funds and form a joint venture.
They will use the money to expand their business, improve their facilities, and explore new opportunities in the refrigeration industry.
The joint venture will focus on making and selling commercial refrigerators.
This partnership is a big step for both companies to grow and innovate together.
Ice Make Refrigeration Limited partners with Galilei Holdings Co. Ltd for a strategic investment of INR 1,800 million and a joint venture.
The joint venture will focus on manufacturing and distributing commercial refrigerators.
Funds will be used for capacity expansion, modernization, and strategic acquisitions.
Galilei will hold a 60% share in the joint venture, while Ice Make Refrigeration will hold 40%.
The partnership aims to strengthen market presence and technological capabilities in the refrigeration industry.
- Who
- Ice Make Refrigeration Limited and Galilei Holdings Co. Ltd
- What
- Strategic investment and joint venture agreement
- When
- July 29
- Where
- New Delhi, India
- Why
- To raise funds for capacity expansion, modernization, and strategic acquisitions
Investor Perspective
Company Perspective
Fund Utilization
Investor Perspective
Investors expect a significant return on investment through the joint venture and market expansion.
Company Perspective
The company aims to use the funds for capacity expansion, modernization, and strategic acquisitions.
- Company
- Ice Make Refrigeration Limited
- Investor
- Galilei Holdings Co. Ltd
- Fund Raised
- INR 1,800 million from Galilei and INR 100 million from other investors
- Joint Venture Shareholding
- Galilei: 60%, Ice Make Refrigeration: 40%
- Business Focus
- Manufacturing and distribution of commercial refrigerators
