About Ig3 Infra Limited
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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 88 cases involving the company, including 44 filed by the company and 44 filed against it; 25 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. 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.
Company details
Name history
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 |
Contact details
Ig3 Infra Limited's registered office is in Chennai, Tamil Nadu. Its website is ig3infra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressChennaione Pallavaram – Thoraipakkam200Ftroad Tho, Raipakkam, Tamil Nadu, India – 600097
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Ig3 Infra Limited, buy the company report.
- 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
Brands
Ig3 Infra operates one associated brand: Ig3Infra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| ig3infra.com |
Business activity
The main business activity of Ig3 Infra is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Ig3 Infra Limited, buy the company report.
Financials of Ig3 Infra Limited
FY 2024 filings availableIg3 Infra Limited reported revenue of ₹469.9 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹361.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹84.04 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Ig3 Infra Limited, buy the company report.
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 |
Auditor
Ig3 Infra Limited is audited by CNGSN & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNGSN & Associates LLP | FY 2023 | 004195S |
Shareholding
The shareholding of Ig3 Infra Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ig3 Infra Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2025 | 101089350 | Others | ₹213.34 Cr | Open | |
| 18 Oct 2024 | 101007531 | Others | ₹2,312.7 Cr | Open | |
| 26 Jun 2024 | 100946297 | Others | ₹2,200 Cr | Open | |
| 25 Apr 2020 | 100335136 | Canara Bank | ₹75 Cr | Open | |
| 19 Mar 2020 | 100355245 | Canara Bank | ₹78 Lakh | Open |
To see the full charge records of Ig3 Infra Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
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 |
To see the full deal history of Ig3 Infra Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ig3 Infra Limited has 88 court cases on record: 44 filed by Ig3 Infra, 44 filed against it. 25 cases are pending and 63 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 62 | 31 | 12 |
| District courts | 20 | 11 | 12 |
| Supreme Court | 5 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 88)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Coimbatore City Infra Services Pvt.Ltd and 1 other | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Vistra Itcl (India) Limited (Formerly Known As Il and FS Trust Company Limited | Pending |
| Bombay High Court | Court case (NMCD) | Filed against the company by Vistra Itcl (India) Limited (Formerly Known As Il and FS Trust Company Limited and 1 other | Pending |
| Bombay High Court | Court case (CHOL) | Filed against the company by Vistra Itcl (India) Limited (Formerly Known As Il and FS Trust Company Limited and 1 other | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Coimbatore City Infra Services Pvt.Ltd and 2 others | Pending |
To see the full case history of Ig3 Infra Limited, buy the company report.
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
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 |
To see the full MSME payment records of Ig3 Infra Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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 | |
| Green Grid Power ( India) Limited | U40102TN2010PLC075600 | |
| Etl Secure Space Limited | U45205TN2009PLC073359 | |
| Grand Luxe Hotels Limited | U70101TN2005PLC057540 | |
| Etl Corporate Services Private Limited | U74140TN2006PTC061611 |
To see the full group structure of Ig3 Infra Limited, buy the company report.
Employees & EPFO
Ig3 Infra Limited has a workforce of 322 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Ig3 Infra Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 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
The latest financial statements of Ig3 Infra on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 24 September 2024. Year-wise statements from 2015 are in the company report.
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 88 court cases on record: 44 filed by the company and 44 filed against it. 25 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.
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.
Ig3 Infra has 3 MSME Form 1 returns on record between 2016 and 2019, listing 38 overdue payments to 9 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Ig3 Infra can be reached through the website ig3infra.com. Its registered office is in Chennai, Tamil Nadu, India.