About Ig3 Infra Limited
Data last updated:
Ig3 Infra Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Etl Power Services Limited. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 04 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45203TN2004PLC052443. Its GSTIN is 33AABCE2840C1ZC (Tamil Nadu). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1,280.26 Cr and a paid-up capital of ₹527.34 Cr. It was formerly known as Etl Infrastructure Services Limited and Indian Green Grid Group Limited. It is led by directors including Vallikkannu (Whole-Time Director) and Ammoor Periyan Radhakrishnan.
Its last annual general meeting (AGM) was held on 24 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennaione Pallavaram – Thoraipakkam200Ftroad Tho, Raipakkam, Tamil Nadu, India – 600097.
As per the financials filed for FY 2025, the company reported a revenue of ₹469.9 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹84.04 Cr (net margin 17.9%) and EBITDA of ₹361.03 Cr (EBITDA margin 76.8%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 15% over five years.
The company has about 322 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 1 brand: Ig3Infra. As per MCA filings, the company has open charges of ₹4,914.34 Cr and satisfied charges of ₹3,245.37 Cr on record. Court records list 81 cases involving the company, including 43 filed by the company and 29 filed against it; 21 cases are pending. The company has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹527.29 Cr; the latest was in August 2020. Its 10 peer companies in the Infrastructure industry (Infrastructure Services) are compared by revenue, 5 larger and 5 smaller; the largest is Adi BPO Services Limited with revenue of ₹515.59 Cr. The company has 3 MSME Form 1 returns on record between 2016 and 2019, listing 38 overdue payments to 9 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ig3infra.com.
Name History of Ig3 Infra Limited
Ig3 Infra has undergone 2 name changes throughout its history. The company was previously known as Etl Infrastructure Services Limited, and Indian Green Grid Group Limited. The current legal name is Ig3 Infra Limited.
| Company Name | Status |
|---|---|
| Ig3 Infra Limited | Current |
| Etl Infrastructure Services Limited | Previous |
| Indian Green Grid Group Limited | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressChennaione Pallavaram – Thoraipakkam200Ftroad Tho, Raipakkam, Tamil Nadu, India – 600097
- IndustryInfrastructure and Utilities, General Infrastructure Services
- 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
Associated Brands with Ig3 Infra Limited
Ig3 Infra operates one associated brand: Ig3Infra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| ig3infra.com |
Business Activity of Ig3 Infra Limited
The main business activity of Ig3 Infra is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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 Ig3 Infra Limited FY 2024 filings available
Ig3 Infra Limited reported revenue of ₹469.9 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ig3 Infra Limited
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 18% growth in the latest year. EBITDA rose 15% 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 Ig3 Infra Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹361.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹84.04 Cr | •••• | •••• | •••• | •••• |
| 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 Ig3 Infra Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 76.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 17.9% | •••• | •••• | •••• | •••• |
| 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 Ig3 Infra are in the company report.
Financial statements from 2015
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.
Board of Directors and KMP of Ig3 Infra Limited
Ig3 Infra Limited currently reports 7 directors and 1 key managerial person. 21 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ammoor Periyan Radhakrishnan Also directs: Etl Power Services Limited | Director | 20 Sep 2019 | 7 Years 1 Months | Current |
| Renu Sarin | Director | 26 Feb 2019 | 7 Years 7 Months | Current |
| Unnamalai Thiagarajan | Director | 04 Feb 2004 | 22 Years 8 Months | Current |
| Devadarshini Rajapandian | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
| Vallikkannu Also directs: Etl Secure Space Limited | Whole-Time Director | 11 Jul 2022 | 4 Years 3 Months | Current |
| Ramamoorthy Murugesan Also directs: Zela Projects LLP, Megavista Infra Private Limited | Company Secretary | 11 Apr 2016 | 10 Years 6 Months | Current |
Peer Comparison of Ig3 Infra Limited
Ig3 Infra Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Infrastructure Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adi BPO Services Limited | ₹515.59 Cr (FY 2023) | •••• | •••• | 11.0% | •••• | Chennai, Tamil Nadu, India |
| Infopark Properties Limited | ₹485.75 Cr (FY 2023) | •••• | •••• | 73.0% | •••• | Chennai, Tamil Nadu, India |
| Renew Surya Roshni Private Limited | ₹485.3 Cr (FY 2025) | •••• | •••• | 351.0% | •••• | Delhi, India |
| Bharat Road Network Limited Listed | ₹480.01 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Kolkata, West Bengal, India |
| Etl Power Services Limited | ₹477.6 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Chennai, Tamil Nadu, India |
| Ig3 Infra Limited this company | ₹469.9 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Chennai, Tamil Nadu, India |
| Vitp Private Limited | ₹467.33 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Hyderabad, Telangana, India |
| Bhugan Infracon Private Limited | ₹464.72 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Ahmedabad, Gujarat, India |
| Mep Infrastructure Private Limited | ₹460.12 Cr (FY 2023) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
| Renew Solar Energy (Jharkhand Four) Private Limited | ₹453.6 Cr (FY 2025) | •••• | •••• | 720.0% | •••• | New Delhi, Delhi, India |
| Salarpuria Properties Pvt Ltd | ₹443.64 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Ig3 Infra by revenue in the Infrastructure industry (Infrastructure Services), 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 Ig3 Infra Limited
Ig3 Infra Limited is audited by CNGSN & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CNGSN & Associates LLP | 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.
Ownership and Shareholding of Ig3 Infra 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 Ig3 Infra Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Apr 2025 | Others | ₹213.34 Cr | Open |
| 18 Oct 2024 | Others | ₹2,312.7 Cr | Open |
| 26 Jun 2024 | Others | ₹2,200 Cr | Open |
| 25 Apr 2020 | Canara Bank | ₹75 Cr | Open |
| 19 Mar 2020 | Canara Bank | ₹78 Lakh | Open |
Total charge records: 30 View all charges
Deals & Funding of Ig3 Infra Limited
Ig3 Infra Limited has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹527.29 Cr; the latest was in August 2020.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: Aathmika Holding Private Limited, Chidaatma Contractors Private Limited Seller: IL&FS Investment Managers, Green Grid Group Private Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Southern Project Management Private Limited Seller: Stur Projects Management Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Stur Projects Management Private Limited Seller: Southern Project Management Private Limited |
| Oct 2014 | Funding round | ₹116.53 Cr | Investors: Southern Project Management Private Limited, Stur Technologies Private Limited , Stur Projects Management Private Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Etl Power Services Limited , Green Grid Group Private Limited Seller: IL&FS Investment Managers, Stur Projects Management Private Limited , Stru Power Sector Management Limited |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ig3 Infra Limited
Ig3 Infra Limited has 81 court cases on record: 43 filed by Ig3 Infra, 29 filed against it, 9 where it is another party. 21 cases are pending and 60 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 60 | 26 | 11 |
| District courts | 17 | 3 | 9 |
| Supreme Court | 4 | 0 | 1 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed against the company by Coimbatore City Infra Services Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Vistra Itcl (India) Limited and 1 other | Pending |
| Bombay High Court | Court case (NMCD) | Filed against the company by Vistra Itcl (India) Limited and 1 other | Pending |
| Bombay High Court | Court case (CHOL) | Filed against the company by Vistra Itcl (India) Limited and 1 other | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Coimbatore City Infra Services Private Limited | Pending |
Full case history
All 81 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Ig3 Infra Limited
Ig3 Infra Limited has 3 MSME Form 1 returns on record between 2016 and 2019, listing 38 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Rapid Cutting Technologies India Private Limited | •••• | •••• | •••• |
| S V Belting | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Ig3 Infra Limited
Ig3 Infra Limited has a workforce of 322 employees as of Apr 05, 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.
Group Structure of Ig3 Infra Limited
Ig3 Infra has 5 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Weavers Harvest (India) Private Limited | U17111TZ2006PTC012648 | Locked |
| Green Grid Power ( India) Limited | U40102TN2010PLC075600 | Locked |
| Etl Secure Space Limited | U45205TN2009PLC073359 | Locked |
| Grand Luxe Hotels Limited | U70101TN2005PLC057540 | Locked |
| Etl Corporate Services Private Limited | U74140TN2006PTC061611 | Locked |
Showing major subsidiaries. Total: 5.
Recent Activity on Ig3 Infra Limited
Ig3 Infra Limited has 28 board changes on record since 2004: 8 appointments and 20 cessations. The latest: Vallikkannu was appointed as Whole-Time Director on 11 Jul 2022.
86 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ig3 Infra 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.
Subsidiaries & Group Companies of Ig3 Infra 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 Ig3 Infra Limited
Ig3 Infra has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCE2840C1ZC | Tamil Nadu | Active | 01 Jul 2017 |
| 33AABCE2840C2ZB | Tamil Nadu | Active | 26 Mar 2023 |
| 29AABCE2840C2Z0 | Karnataka | Active | 16 Jun 2022 |
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 Ig3 Infra 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 Ig3 Infra Limited
Ig3 Infra is an active public limited company based in Chennai, Tamil Nadu, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 04 February 2004 (22+ years old) and is registered under CIN U45203TN2004PLC052443.
Ig3 Infra reported revenue of ₹469.9 Cr for FY 2025 (up 18% YoY).
Ig3 Infra has 8 current directors and KMP:
- Vallikkannu - Whole-Time Director
- Ammoor Periyan Radhakrishnan - Director
- Renu Sarin - Director
- Unnamalai Thiagarajan - Director
- Devadarshini Rajapandian - Director
- Chakkolath Ramachandran - Director
- Rukmini Thiagarajan - Director
- Ramamoorthy Murugesan - Company Secretary
Ig3 Infra reported a net profit of ₹84.04 Cr (net margin 17.9%) and EBITDA of ₹361.03 Cr (EBITDA margin 76.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ig3 Infra is 22% over three years and 15% over five years. In the latest year (FY 2025) revenue rose 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ig3 Infra is 33AABCE2840C1ZC, registered in Tamil Nadu. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 33AABCE2840C2ZB (Tamil Nadu), 29AABCE2840C2Z0 (Karnataka).
The CIN (Corporate Identification Number) of Ig3 Infra is U45203TN2004PLC052443. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ig3 Infra has 81 court cases on record: 43 filed by the company and 29 filed against it. 21 are pending. Most are in the high courts.
Ig3 Infra was incorporated on 04 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
Ig3 Infra has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹527.29 Cr; the latest was in August 2020.
The peers of Ig3 Infra by revenue are Adi BPO Services Limited, Infopark Properties Limited, Renew Surya Roshni Private Limited, Bharat Road Network Limited, Etl Power Services Limited and 5 more, all in the Infrastructure industry (Infrastructure Services).
Vallikkannu was appointed as Whole-Time Director on 11 Jul 2022. Vallikkannu ceased to be Additional Director on 11 Jul 2022. Shanmugham Thiagarajan ceased to be Ceo(Kmp) on 30 Jun 2022. Ig3 Infra has 28 board changes on record in total.