Indigrid 1 Limited - Due diligence report

A 360° intelligence report on Indigrid: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…

2005-05-11 Mumbai, Maharashtra Active Unlisted Active Compliant
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I1 Indigrid 1 Limited
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Indigrid — 360° Intelligence Report

Generated from MCA filings & public records
87/100
Trust Score
Low Risk

Indigrid is assessed as Low Risk with a Trust Score of 87/100. Indigrid is an active public limited indian non-government company incorporated in 2005, operating in the Energy and Power sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 09 Aug 2026 from the latest processed filings. Indigrid 1 Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 & explainable
Trust ScoreLow Risk
87/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
92/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores 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: 50/100 Moderate
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (24,784.82 cr) · 6 satisfied (6,104.69 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Idbi Trusteeship Services Limited1 48.0 cr
Others3 48.0 cr
Sbicap Trustee Company Limited3 48.0 cr
Compliance Score: 92/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
  • 2 active GST registration(s).
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
KUNDAN KISHORE 01234567 Director 01/04/2018 6 yrs Approved
RAHUL DURGAPRASAD ASTHANA 01234567 Director 01/04/2018 6 yrs Approved
GIRIRAJ AJMERA 01234567 Director 01/04/2018 6 yrs Approved
MOHIT VADERA 01234567 Director 01/04/2018 6 yrs Approved
SANIL CHITTOOR NAMBOODIRIPAD 01234567 Director 01/04/2018 6 yrs Approved
PRABHAKAR SINGH 01234567 Director 01/04/2018 6 yrs Approved
Pushkar Ramesh Mhatre 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2024 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
India Grid Trust
Subsidiaries
4
Group entities
4
Capital events
4 allotment(s) · 18 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Nrss Xxix Transmission Limited Subsidiary Company 74.00%
India Grid Trust Holding Company 74.00%
Dhule Power Transmission Limited Subsidiary Company 74.00%
Ishanagar Power Transmission Limited Subsidiary Company 74.00%
Kallam Transmission Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 90
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 21+ years.
Active GST registration(s).
Distress signals & risk flags
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 23,146.00.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence90/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 24,784.82 cr already registered.
  • Compliance record supports lending.
Investor view70/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2025
Last AGM held
Annual general meeting
23 Jul 2025
Director appointed
SANIL CHITTOOR NAMBOODIRIPAD (Additional Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
21 Nov 2024
Director appointed
Pushkar Ramesh Mhatre (Cfo)
19 Feb 2024
Director appointed
MOHIT VADERA (Company Secretary)
02 Nov 2023
Director ceased
. AYUSH GOYAL
24 Sep 2023
Director ceased
RAHUL DURGAPRASAD ASTHANA
24 Jan 2023
Director appointed
RAHUL DURGAPRASAD ASTHANA (Director)
26 Sep 2022
Director ceased
KUNDAN KISHORE
Director ceased
GIRIRAJ AJMERA
01 Sep 2022
Director ceased
ASHISH KUMAR ASHOK KUMAR GUPTA
25 Jul 2022
Director appointed
GIRIRAJ AJMERA (Director)
Director ceased
SWAPNIL PRAKASH PATIL
01 Jul 2022
Director appointed
KUNDAN KISHORE (Director)
10 May 2022
Director ceased
BIGYAN PARIJA
10

Key Observations

Auto-generated from the data above
Revenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 4 subsidiary(ies) - assess on a consolidated basis.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Radiance Mh Solar Park Private Limited U40106MH2021PTC361203 Mumbai, Maharashtra, India
Kalani Industries Private Limited U74999MH1974PTC163677 Mumbai, Maharashtra, India
Skandha Solar Private Limited U40300PY2022PTC008960 Puducherry, Pondicherry, India
Rms Automation Systems U51220MH1994PLC079785 Nasik, Maharashtra, India
Akoni Solar Energy Private Limited U52609TG2022PTC167705 Rangareddy, Telangana, India
Huoban Energy 3 Private Limited U40200TG2021PTC155300 Hyderabad, Telangana, India
Khim Engineering Industries Private Limited U28920MH1988PTC165426 Mumbai, Maharashtra, India
Grand Women Power Private Limited U24290MP2020PTC053218 Indore, Madhya Pradesh, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Indigrid before audits and certifications: compliance score 92/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Indigrid: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for Indigrid - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 87/100, distress signals and MSME payment-delay disclosures - know whether Indigrid pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Indigrid - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Indigrid an active company?

Indigrid has MCA status “Active” with a compliance score of 92/100 (Low Risk).

Is Indigrid financially healthy?

Indigrid has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Indigrid?

Its overall Trust Score is 87/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Indigrid?

The ultimate holding entity is India Grid Trust. 7 active director(s) are on record.

Does Indigrid have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 6 earlier charge(s) stand satisfied.

Is Indigrid up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 92/100 (Low Risk).

Is it risky to lend to Indigrid?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

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.