About Indigrid 1 Limited
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Indigrid 1 Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of India Grid Trust. It operates in the power epc segment of the energy and power sector. It was incorporated on 11 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2005PLC153211. Its GSTIN is 27AAJCS0517N1Z2 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹98.34 Cr and a paid-up capital of ₹96.17 Cr. It was formerly known as Sterlite Grid 2 Private Limited and Sterlite Display Technologies Private Limited. It is led by directors including Kundan Kishore and Rahul Durgaprasad Asthana.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹559.84 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹38.46 Cr (net margin 6.9%) and EBITDA of ₹525.65 Cr (EBITDA margin 93.9%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹24,785 Cr and satisfied charges of ₹6,104.69 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 12 deals on record (5 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹348.81 Cr; the latest was in January 2024. Its 5 peer companies in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 2 smaller; the largest is Greenko Clean Energy Projects Private Limited with revenue of ₹574.35 Cr. The company has 3 MSME Form 1 returns on record between 2020 and 2023, listing 4 overdue payments to 2 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 indigrid.co.in.
Company details
Name history
Indigrid 1 has undergone 4 name changes throughout its history. The current legal name is Indigrid 1 Limited.
| Company Name | Status |
|---|---|
| Indigrid 1 Limited | Current |
| Sterlite Grid 2 Private Limited | Previous |
| Sterlite Display Technologies Private Limited | Previous |
| Sterlite Infrastructure Private Limited | Previous |
| Sterlite Grid 2 Limited | Previous |
CIN history
Indigrid 1 has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74999MH2005PLC153211, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2005PLC153211 | Current |
| U74120MH2005PTC153211 | Previous |
| U74999MH2005PTC153211 | Previous |
| U45200MH2005PTC153211 | Previous |
Contact details
Indigrid 1 Limited's registered office is in Mumbai, Maharashtra. Its website is indigrid.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No 101 First Floor Windsor Village Kolekalyan Off Cst Road Vidyanagari Marg Santacruz, (East), Mumbai, Maharashtra, India – 400098
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Indigrid 1 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
Financials of Indigrid 1 Limited
FY 2025 filings availableIndigrid 1 Limited reported revenue of ₹559.84 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 3% 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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| Total Expenses | |||||
| EBITDA | ₹525.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹38.46 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 | 93.9% | ||||
| Net Profit Margin | 6.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Indigrid 1 Limited, buy the company report.
Board of directors of Indigrid 1 Limited
Indigrid 1 has 5 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kundan Kishore Also directs: Indigrid Limited, East-North Interconnection Company Limited, Kallam Transmission Limited and 5 more | Director | 01 Jul 2022 | 4 Years 4 Months | Current |
| Rahul Durgaprasad Asthana Also directs: Aegis Logistics Limited, Hindustan Aegis LPG Limited, Mahindra Last Mile Mobility Limited and 3 more | Director | 24 Jan 2023 | 3 Years 9 Months | Current |
| Giriraj Ajmera Also directs: Indigrid Limited, Khargone Transmission Limited, Khargone Transmission Private Limited and 5 more | Director | 25 Jul 2022 | 4 Years 3 Months | Current |
| Sanil Chittoor Namboodiripad Also directs: Indigrid Limited, Indigrid 2 Private Limited, Patran Transmission Company Private Limited and 5 more | Additional Director | 23 Jul 2025 | 1 Years 3 Months | Current |
| Prabhakar Singh Also directs: Indigrid Limited, Byteburst Labs LLP, East-North Interconnection Company Limited and 5 more | Director | 07 Jan 2021 | 5 Years 10 Months | Current |
Peer comparison
Indigrid 1 Limited is compared with the 5 companies closest to it by revenue in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Greenko Clean Energy Projects Private Limited | ₹574.35 Cr (FY 2025) | -6.0% | Hyderabad, Telangana, India | |||
| Essens Renewable Private Limited | ₹566.32 Cr (FY 2025) | 32.0% | Mumbai, Maharashtra, India | |||
| Abja Power Private Limited | ₹561.13 Cr (FY 2024) | Hyderabad, Telangana, India | ||||
| Indigrid 1 Limitedthis company | ₹559.84 Cr (FY 2025) | ₹38.46 Cr | 6.9% | 3.0% | Mumbai, Maharashtra, India | |
| Ner II Transmission Limited | ₹546.57 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Enrich Energy Private Limited | ₹522.74 Cr (FY 2025) | 44.0% | Pune, Maharashtra, India |
To see the full peer comparison of Indigrid 1 Limited, buy the company report.
Auditor
Indigrid 1 Limited is audited by M/s G S K A & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s G S K A & Co | FY 2024 | 147093W |
Shareholding
The shareholding of Indigrid 1 Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indigrid 1 Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2019 | 100299703 | Idbi Trusteeship Services Limited | ₹24,785 Cr | Open | |
| 27 Nov 2018 | 100224066 | Others | ₹3,000 Cr | Satisfied | |
| 27 Jun 2017 | 100105940 | Others | ₹225 Cr | Satisfied | |
| 29 Dec 2016 | 100102808 | Others | ₹104.69 Cr | Satisfied | |
| 08 Aug 2016 | 100045684 | Sbicap Trustee Company Limited | ₹2,250 Cr | Satisfied |
To see the full charge records of Indigrid 1 Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Indigrid 1 Limited has 12 deals on record (5 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹348.81 Cr; the latest was in January 2024.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Rights issue | ₹42.65 Cr | Investors: India Grid Trust |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Sterlite Power Grid Ventures Private Limited Seller: Sterlite Technologies Limited |
| Jan 2011 | Secondary share transfer | Undisclosed | Buyer: Sterlite Technologies Limited Seller: Lakecity Ventures Private Limited |
| Sep 2007 | Funding round | ₹10.2 Cr | Investors: Sterlite Technologies Limited , Lakecity Ventures Private Limited , Volcan Investments Limited |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: Lakecity Ventures Private Limited Seller: 2 individuals |
To see the full deal history of Indigrid 1 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
Indigrid 1 Limited has 3 court cases on record: 1 filed by Indigrid 1, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against PFC Consulting Limited | Disposed |
| Supreme Court | Court case (0303-Direct Taxes Matter : Other matters under Income Tax act, 1961) | Filed against the company by Commissioner of Income Tax - 2, Mumbai Aayakar Bhavan, M. K. Road , District: Mumbai ,Mumbai , Maharashtra | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax-2 | Disposed |
To see the full case history of Indigrid 1 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
Indigrid 1 Limited has 3 MSME Form 1 returns on record between 2020 and 2023, listing 4 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Legasis Private Limited | |||
| Makarand M. Joshi & Co. |
To see the full MSME payment records of Indigrid 1 Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Indigrid 1 has 4 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Kallam Transmission Limited | U40106DL2020GOI364104 | |
| NRSS Xxix Transmission Limited | U40106MH2013GOI359686 | |
| Dhule Power Transmission Limited | U42202DL2023PLC415484 | |
| Ishanagar Power Transmission Limited | U42202DL2023PLC415540 |
To see the full group structure of Indigrid 1 Limited, buy the company report.
GST
Indigrid 1 has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCS0517N1Z2 | Maharashtra | Active | 26 Sep 2021 |
| 07AAJCS0517N1Z4 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indigrid 1 Limited, buy the company report.
Recent activity
Indigrid 1 Limited has 38 board changes on record since 2008: 7 appointments and 31 cessations. The latest: Sanil Chittoor Namboodiripad was appointed as Additional Director on 23 Jul 2025.
46 earlier events are in the company report.
News
Frequently asked questions
Indigrid 1 is an active public limited company based in Mumbai, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 11 May 2005 (21+ years old) and is registered under CIN U74999MH2005PLC153211.
Indigrid 1 has 5 current directors:
- Kundan Kishore - Director
- Rahul Durgaprasad Asthana - Director
- Giriraj Ajmera - Director
- Sanil Chittoor Namboodiripad - Additional Director
- Prabhakar Singh - Director
The latest financial statements of Indigrid 1 on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indigrid 1 is 27AAJCS0517N1Z2, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAJCS0517N1Z4 (Delhi).
The CIN (Corporate Identification Number) of Indigrid 1 is U74999MH2005PLC153211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indigrid 1 has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the high courts.
Indigrid 1 was incorporated on 11 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Indigrid 1 has 12 deals on record (5 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹348.81 Cr; the latest was in January 2024.
The peers of Indigrid 1 by revenue are Greenko Clean Energy Projects Private Limited, Essens Renewable Private Limited, Abja Power Private Limited, Ner II Transmission Limited, Enrich Energy Private Limited, all in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution).
Sanil Chittoor Namboodiripad was appointed as Additional Director on 23 Jul 2025. Mohit Vadera was appointed as Company Secretary on 01 Feb 2024. Ayush Goyal ceased to be Manager on 02 Nov 2023. Indigrid 1 has 38 board changes on record in total.
Indigrid 1 has 3 MSME Form 1 returns on record between 2020 and 2023, listing 4 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Indigrid 1 can be reached through the website indigrid.co.in. Its registered office is in Mumbai, Maharashtra, India.
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