Igrid India Private Limited
About Igrid India Private Limited
Data last updated:
Igrid India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Igrid Sl. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 07 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA2017FTC104448. Its GSTIN is 29AAECI5560Q1ZU (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.84 Lakh. It is led by directors including Girish Chaitanya Rajeshwar and David Bru Bru.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.14 Shreyas Colony 7th Main 7th Phase Jp Nagar, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.81 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹19.92 Lakh (net margin 2.9%) and EBITDA of ₹27.41 Lakh (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 96% over three years and 27% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo.14 Shreyas Colony 7th Main 7th Phase Jp Nagar, Bangalore, Karnataka, India – 560078
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Igrid India Private Limited
The main business activity of Igrid India is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Igrid India Private Limited FY 2025 filings available
Igrid India Private Limited reported revenue of ₹6.81 Cr (up 913% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Igrid India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 913% growth in the latest year. EBITDA rose 211% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Igrid India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹27.41 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹19.92 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Igrid India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Igrid India are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Igrid India Private Limited
Igrid India Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Globeton India Private Limited | ₹6.85 Cr (FY 2023) | •••• | •••• | 196.0% | •••• | Delhi, India |
| Coal City Automobiles Private Limited | ₹6.84 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Talcher, Odisha, India |
| Zotomart Private Limited | ₹6.83 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Electrosource Private Limited | ₹6.82 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Nashik, Maharashtra, India |
| Shivsai Sales Private Limited | ₹6.82 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Mul, Maharashtra, India |
| Igrid India Private Limited this company | ₹6.81 Cr (FY 2024) | •••• | •••• | 913.0% | •••• | Bangalore, Karnataka, India |
| Lumicity Semiconductor Private Limited | ₹6.8 Cr (FY 2024) | •••• | •••• | 4176.0% | •••• | Greater Noida, Uttar Pradesh, India |
| Kikaku Exim Private Limited | ₹6.8 Cr (FY 2025) | •••• | •••• | •••• | Lucknow, Uttar Pradesh, India | |
| Pawaskar Electronics Private Limited | ₹6.79 Cr (FY 2015) | •••• | •••• | -21.0% | •••• | Sindhudurg, Maharashtra, India |
| Navakar Trading Company Private Limited | ₹6.79 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Chennai, Tamil Nadu, India |
| Janmahey Enterprises Private Limited | ₹6.78 Cr (FY 2023) | •••• | •••• | 1442.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Igrid India by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Igrid India Private Limited
Igrid India Private Limited is audited by S N R & COMPANY for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S N R & COMPANY | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Igrid India Private Limited
Igrid India has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gangadhar Krishnegowda Also directs: Dhee Automation Private Limited | Nominee Director | 07 Jul 2017 | 9 Years 3 Months | Current |
| Girish Chaitanya Rajeshwar | Director | 05 Aug 2024 | 2 Years 2 Months | Current |
| David Bru Bru | Director | 05 Dec 2024 | 1 Years 10 Months | Current |
Ownership and Shareholding of Igrid India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Igrid India Private Limited
Igrid India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Igrid India Private Limited
Igrid India Private Limited has a workforce of 1 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Igrid India Private Limited
Igrid India Private Limited has 8 board changes on record since 2017: 5 appointments and 3 cessations. The latest: David Bru Bru ceased to be Additional Director on 29 Sep 2025.
Credit Ratings, Litigation & Regulatory Alerts for Igrid India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Igrid India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Igrid India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Igrid India Private Limited
Igrid India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI5560Q1ZU | Karnataka | Active | 01 Jan 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Igrid India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Igrid India Private Limited
Igrid India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 07 July 2017 (9+ years old) and is registered under CIN U31909KA2017FTC104448.
Igrid India reported revenue of ₹6.81 Cr for FY 2024 (up 913% YoY).
Igrid India has 3 current directors:
- Gangadhar Krishnegowda - Nominee Director
- Girish Chaitanya Rajeshwar - Director
- David Bru Bru - Director
Igrid India reported a net profit of ₹19.92 Lakh (net margin 2.9%) and EBITDA of ₹27.41 Lakh (EBITDA margin 4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Igrid India is 96% over three years and 27% over five years. In the latest year (FY 2024) revenue rose 913%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Igrid India is 29AAECI5560Q1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Igrid India is U31909KA2017FTC104448. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Igrid India was incorporated on 07 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Igrid India by revenue are Globeton India Private Limited, Coal City Automobiles Private Limited, Zotomart Private Limited, Electrosource Private Limited, Shivsai Sales Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution).
David Bru Bru ceased to be Additional Director on 29 Sep 2025. David Bru Bru was appointed as Director on 05 Dec 2024. Ferran Daranas Bohigas ceased to be Nominee Director on 05 Dec 2024. Igrid India has 8 board changes on record in total.
The registered office of Igrid India is at No.14 Shreyas Colony 7th Main 7th Phase Jp Nagar, Bangalore, Karnataka, India – 560078.