Indigrid Limited - Due diligence report

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

2010-03-30 New Delhi, Delhi Active Unlisted Active Compliant
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IL Indigrid Limited
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Indigrid — 360° Intelligence Report

Generated from MCA filings & public records
71/100
Trust Score
Moderate

Indigrid is assessed as Moderate with a Trust Score of 71/100. Indigrid is an active public limited indian non-government company incorporated in 2010, operating in the Energy 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 22 Aug 2026 from the latest processed filings. Indigrid Limited snapshot & full profile →

Financial Health › Caution
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 ScoreModerate
71/100
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
15/100
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
85/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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.

Get full access

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: 40/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.

Charges position: 1 open (24,784.82 cr) · 14 satisfied (9,832.05 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Idbi Trusteeship Services Limited6 48.0 cr
Sbicap Trustee Company Limited3 48.0 cr
Others2 48.0 cr
L&T Infrastructure Finance Company Limited1 48.0 cr
Il & Fs Trust Company Limited1 48.0 cr
Axis Trustee Services Limited1 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: 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
SANIL CHITTOOR NAMBOODIRIPAD 01234567 Director 01/04/2018 6 yrs Approved
PRABHAKAR SINGH 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
06

Ownership & Group Intelligence

As per FY 2025 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
5
Group entities
5
Capital events
14 allotment(s) · 9 transfer(s)

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

Group entityRelationship% held
Bhopal Dhule Transmission Company Limited Subsidiary Company 74.00%
Jabalpur Transmission Company Limited Subsidiary Company 74.00%
Purulia & Kharagpur Transmission Company Limited Subsidiary Company 74.00%
India Grid Trust Holding Company 74.00%
Rapp Transmission Company Limited Subsidiary Company 74.00%
Maheshwaram Transmission Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 70
Growth signals & trust indicators
Operating for 16+ years.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence82/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment48/100
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 view39/100
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 events
29 Sep 2025
Last AGM held
Annual general meeting
28 Sep 2025
Director ceased
SANIL CHITTOOR NAMBOODIRIPAD
23 Jul 2025
Director appointed
SANIL CHITTOOR NAMBOODIRIPAD (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
24 Oct 2024
Director ceased
Piyushkumar Himatlal Pandya
24 Sep 2023
Director ceased
RAHUL DURGAPRASAD ASTHANA
24 Jan 2023
Director appointed
RAHUL DURGAPRASAD ASTHANA (Director)
01 Dec 2022
Charge satisfied
Others
25 Nov 2022
Charge satisfied
Sbicap Trustee Company Limited
26 Sep 2022
Director ceased
KUNDAN KISHORE
Director ceased
GIRIRAJ AJMERA
31 Jul 2022
Director ceased
URMIL KISHOR SHAH
25 Jul 2022
Director appointed
GIRIRAJ AJMERA (Director)
01 Jul 2022
Director appointed
KUNDAN KISHORE (Director)
16 Jun 2022
Director ceased
DIVYA BEDI VERMA
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Compliance record is strong - status, filings and flags are clean.
5 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 5 subsidiary(ies) - assess on a consolidated basis.
Promoters hold a dominant controlling stake as per the FY 2025 annual return.
Capital has been raised through 14 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Universal Saur Urja Private Limited U40101DL2015PTC434575 New Delhi, Delhi, India
Nslpower U40109TG1985PTC114078 Hyderabad, Telangana, India
Inox Clean Energy Limited U40300GJ2017PLC099852 Vadodara, Gujarat, India
Leap Green Energy U70101TZ2006PTC013130 Coimbatore, Tamil Nadu, India
Applied Solar Technologies U70102DL2008PTC226945 New Delhi, Delhi, India
Newtech Power Industries Private Limited U31908MH2013PTC250047 Mumbai, Maharashtra, India
Firstsolar U40106HR2015PTC118851 Dlf Qe, Haryana, India
Azurepower U40106DL2016PTC300663 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Indigrid 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 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 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 Indigrid - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 71/100, 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 100/100 (Low Risk).

Is Indigrid financially healthy?

Indigrid has a Financial Health Score of 15/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Indigrid?

Its overall Trust Score is 71/100 (Moderate). 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. 5 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 14 earlier charge(s) stand satisfied.

Is Indigrid 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 Indigrid?

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.