Promoter holding
64.27%
II
Ig3 Infra Limited - Due diligence report
A 360° intelligence report on Greengridgroup: trust score, financial health, credit view, compliance, directors, growth and distress signals…
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Greengridgroup — 360° Intelligence Report
Generated from MCA filings & public records79/100
Trust Score
Low Risk
Greengridgroup is assessed as Low Risk with a Trust Score of 79/100. Greengridgroup is an active public limited indian non-government company incorporated in 2004, operating in the Infrastructure and Utilities sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Ig3 Infra Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreLow Risk
79/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
66/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 60/100 Moderate
- Open charges exceed net worth - secured lenders rank ahead.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 6 open (4,914.34 cr) · 24 satisfied (3,245.37 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 6 | 48.0 cr |
| State Bank Of India | 5 | 48.0 cr |
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
| Punjab National Bank | 4 | 48.0 cr |
| Canara Bank | 3 | 48.0 cr |
| State Bank Of Travancore | 3 | 48.0 cr |
Compliance Score: 66/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 2 court forum(s).
- Delayed payments to MSME suppliers disclosed (27 disclosure(s)).
- 3 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| AMMOOR PERIYAN RADHAKRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RENU SARIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UNNAMALAI THIAGARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEVADARSHINI RAJAPANDIAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VALLIKKANNU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMAMOORTHY MURUGESAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHAKKOLATH RAMACHANDRAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RUKMINI THIAGARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMAMOORTHY MURUGESAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RUKMINI THIAGARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- RAMAMOORTHY MURUGESAN has DIN status "Disqualified by RoC u/s 164(2)".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Etl Power Services Limited
Subsidiaries
5
Group entities
7
Capital events
8 allotment(s) · 2 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Etl Corporate Services Private Limited | Subsidiary Company | 74.00% |
| Etl Secure Space Limited | Subsidiary Company | 74.00% |
| Grand Luxe Hotels Limited | Subsidiary Company | 74.00% |
| Green Grid Power ( India) Limited | Subsidiary Company | 74.00% |
| Weavers Harvest (india) Private Limited | Subsidiary Company | 74.00% |
| Etl Power Services Limited | Holding Company | 74.00% |
| Buildkorp Engineers (india) Private Limited | Associate Company | 74.00% |
| The Great Indian Linen And Textile Infrastructure Company Private Limited | Associate Company | 74.00% |
Key managerial personnel: VALLIKKANNU (Whole-time director) · RUKMINI THIAGARAJAN (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 22+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
6 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 10.41 Lakh.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence77/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment70/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 6 open charge(s) of 4,914.34 cr already registered.
- Compliance gaps should be priced into terms.
Investor view81/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events24 Apr 2025
Charge created
Others - 213.34 cr
18 Oct 2024
Charge created
Others - 2,312.70 cr
24 Sep 2024
Last AGM held
Annual general meeting
28 Jun 2024
Charge satisfied
Canara Bank
26 Jun 2024
Charge created
Others - 2,200.00 cr
31 Mar 2024
Latest balance sheet
Filed with ROC
15 Nov 2022
Charge satisfied
Sbicap Trustee Company Limited
11 Jul 2022
Director appointed
VALLIKKANNU (Whole-time director)
Director ceased
VALLIKKANNU
30 Jun 2022
Director ceased
SHANMUGHAM THIAGARAJAN
08 Mar 2022
Director ceased
UNNAMALAI THIAGARAJAN
31 Mar 2021
Share transfer (FY 2021)
11132778.00000000 shares to Chidaatma contractors
Share transfer (FY 2021)
59241134.00000000 shares to Aathmika holding
03 Mar 2021
Director ceased
DEVADARSHINI RAJAPANDIAN
31 Dec 2020
Director appointed
DEVADARSHINI RAJAPANDIAN (Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); review board churn before relying on management continuity.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 5 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 8 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Gms Elegant Builders India Private Limited | U45400TZ2011PTC016829 | Erode, Tamil Nadu, India |
| Anugraha Construction Equipment Services And Support Pvt Ltd | U29248KA2001PTC028523 | Bangalore, Karnataka, India |
| Mfar Constructions | U45400KA1996PTC020374 | Bangalore, Karnataka, India |
| Baghel Infrastructures Private Limited | U15122UP2007PTC033526 | Sonebhadra, Uttar Pradesh, India |
| Schmitten Chocolates | U10732GJ2011PTC066906 | Surat, Gujarat, India |
| Man Infraconstruction | L70200MH2002PLC136849 | Mumbai, Maharashtra, India |
| Gina Engineering Company Private Limited | U04520KA1988PTC009201 | Bangalore, Karnataka, India |
| E C R Buildtech Private Limited | U70109DL2012PTC243663 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Greengridgroup before audits and certifications: compliance score 66/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Greengridgroup: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Favourable lending indicators. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Greengridgroup - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 79/100, distress signals and MSME payment-delay disclosures - know whether Greengridgroup pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Greengridgroup - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Greengridgroup an active company?
Greengridgroup has MCA status “Active” with a compliance score of 66/100 (Moderate).
Is Greengridgroup financially healthy?
Greengridgroup has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Greengridgroup?
Its overall Trust Score is 79/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Greengridgroup?
The ultimate holding entity is Etl Power Services Limited. 10 active director(s) are on record.
Does Greengridgroup have loans or charges against its assets?
6 open charge(s) are registered against its assets, and 24 earlier charge(s) stand satisfied.
Is Greengridgroup up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 66/100 (Moderate).
Is it risky to lend to Greengridgroup?
Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Favourable lending indicators.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
