Promoter holding
64.27%
I2
Indigrid 2 Private Limited - Due diligence report
A 360° intelligence report on India Grid Trust: trust score, financial health, credit view, compliance, directors, growth and distress signa…
Full Due-Diligence Report + Documents
- Unlock all financial figures & 5-year trends
- Full trust, health & credit-risk scores
- Director details, charges & MCA documents
₹700
₹349
50% off
New user
Or enjoy up to 50% off with credits
View credit packages
Company Credits – Starter
- One credit unlocks this full due-diligence report
- Use across any company’s report, anytime
- Credits valid for 12 months
Choose your own credit amount
View credit packages
India Grid Trust — 360° Intelligence Report
Generated from MCA filings & public records64/100
Trust Score
Moderate
India Grid Trust is assessed as Moderate with a Trust Score of 64/100. India Grid Trust is an active private limited indian non-government company incorporated in 2014, operating in the Energy and Power sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.
Report generated on 06 Jul 2026 from the latest processed filings. Indigrid 2 Private 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 ScoreModerate
64/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
10/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 4 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: 40/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
Charges position: 2 open (24,865.60 cr) · 4 satisfied (3,494.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Idbi Trusteeship Services Limited | 2 | 48.0 cr |
| Others | 3 | 48.0 cr |
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
Compliance Score: 100/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- 3 active GST registration(s).
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| GIRIRAJ AJMERA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMITANSHU SRIVASTAVA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANIL CHITTOOR NAMBOODIRIPAD | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
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 2023 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
India Grid Trust
Subsidiaries
1
Group entities
2
Capital events
1 allotment(s) · 11 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Odisha Generation Phase-ii Transmission Limited | Subsidiary Company | 74.00% |
| India Grid Trust | Holding Company | 74.00% |
| Kallam Transmission Limited | Associate Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 40
Growth signals & trust indicators
Operating for 11+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Negative net worth.
2 open charge(s) registered - assets are encumbered.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence71/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment46/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 24,865.60 cr already registered.
- Compliance record supports lending.
Investor view36/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events03 Dec 2025
Charge satisfied
Others
29 Sep 2025
Last AGM held
Annual general meeting
28 Sep 2025
Director ceased
AMITANSHU SRIVASTAVA
Director ceased
SANIL CHITTOOR NAMBOODIRIPAD
23 Jul 2025
Director appointed
SANIL CHITTOOR NAMBOODIRIPAD (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
22 Jan 2025
Director appointed
AMITANSHU SRIVASTAVA (Director)
13 Jun 2024
Charge created
Idbi Trusteeship Services Limited - 80.79 cr
30 Mar 2024
Charge created
Others - 2,140.00 cr
31 Jan 2024
Director ceased
MOHIT VADERA
24 Sep 2023
Director ceased
RAHUL DURGAPRASAD ASTHANA
26 Sep 2022
Director ceased
GIRIRAJ AJMERA
25 Jul 2022
Director appointed
GIRIRAJ AJMERA (Director)
Director ceased
SWAPNIL PRAKASH PATIL
16 Sep 2021
Director ceased
PRASAD VASUDEV PARANJAPE
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 3 financial year(s).
Net profit margin moved from 2.1x to 24%.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Creative Lights Private Limited | U31900MH1988PTC046123 | Bhiwandi, Maharashtra, India |
| Powergrid Gomti Yamuna Transmission Limited | U40106DL2021GOI382052 | New Delhi, Delhi, India |
| Diwakar Himurja Private Limited | U74999RJ2018PTC062897 | Jaipur, Rajasthan, India |
| Vaideep Ventures Private Limited | U40106PN2020PTC195681 | Sangli, Maharashtra, India |
| Spark Electro Solar (India) Private Limited | U40300MH2014PTC259729 | Dombivali East, Maharashtra, India |
| Mercury Reil Rooftop Solar Private Limited | U40108PB2018PTC048686 | Ferozepur, Punjab, India |
| Vedant Solar Power Solutions Private Limited | U40106RJ2013PTC043384 | Sikar, Rajasthan, India |
| Powergrid Meerut Simbhavali Transmission Limited | U40106DL2019GOI351476 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify India Grid Trust before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of India Grid Trust: 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 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for India Grid Trust - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 64/100, distress signals and MSME payment-delay disclosures - know whether India Grid Trust 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 India Grid Trust - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is India Grid Trust an active company?
India Grid Trust has MCA status “Active” with a compliance score of 100/100 (Low Risk).
Is India Grid Trust financially healthy?
India Grid Trust has a Financial Health Score of 10/100 (Caution Indicated) based on its filed financial statements.
Should I do business with India Grid Trust?
Its overall Trust Score is 64/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls India Grid Trust?
The ultimate holding entity is India Grid Trust. 3 active director(s) are on record.
Does India Grid Trust have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.
Is India Grid Trust up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).
Is it risky to lend to India Grid Trust?
Its Credit Risk Score is 40/100 (Caution Indicated). 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.
