TurboGrid is quite fit for axial compressor. If you want to use the ICEM to generate the mesh, I think you can just  use the unstructured mesh. It is quite easy for beginners.  Or you can use periodic mesh , draw one blade, then periodic. I wish my advice would be help for your problem.

Thanks for the advice, can you suggest me any resource or example from where I can get some idea of meshing procedure  please ? 

You can find simple unstructured meshing tutorial in ICEM-CFD Example. let me know if you did not have one. Mean while agree with Shijie, TurboGrid Or AutoGrid from Numeca would be the Ideal tool to generate mesh for Rotating Turbo components. But it requires specific input format which should be generated from Blade gen file type. another method is use latest Work bench based Design modeler tool from Ansys, Mesh can easily exported to CFX.

Thanks Chandiran . can you please send me that tutorial at [email protected] please. I highly appreciate your help.