If you want to restrict chrome profiles to a specific profile only, you need to create following file:
harshal@HP-Desktop:~$ cat /etc/opt/chrome/policies/managed/temp.json
{
"BrowserAddPersonEnabled": false,
"BrowserGuestModeEnabled": false,
"IncognitoModeAvailability": false,
"IPFSEnabled": false,
"RestrictSigninToPattern": "*",
"BrowserSignin": 2,
}
harshal@HP-Desktop:~$