About Indigrid Investment Managers Limited
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Indigrid Investment Managers Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Electron Im Pte. Ltd. It operates in the portfolio management services segment of the financial services sector. It was incorporated on 22 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28113MH2010PLC308857. Its GSTIN is 27AAHCM0639D1ZO (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹32.5 Cr and a paid-up capital of ₹1.25 Cr. It was formerly known as Sterlite Investment Managers Limited. It is led by directors including Harsh Dinesh Shah (Managing Director) and Tarun Kataria.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹57.64 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹16.72 Cr (net margin 29%) and EBITDA of ₹24.64 Cr (EBITDA margin 42.7%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 23% over five years.
The company is associated with 1 brand: IndiGrid. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹19.01 Cr; the latest was in August 2019. Its 4 peer companies in the BFSI industry (Portfolio Managers), with the same principal business activity (fund management services) are compared by revenue, 2 larger and 2 smaller; the largest is Dmi Alternatives Private Limited with revenue of ₹65.12 Cr. The company has 5 MSME Form 1 returns on record between 2020 and 2023, listing 6 overdue payments to 5 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 Investment Managers has undergone 4 name changes throughout its history. The current legal name is Indigrid Investment Managers Limited.
| Company Name | Status |
|---|---|
| Indigrid Investment Managers Limited | Current |
| Sterlite Investment Managers Limited | Previous |
| Sterlite Infraventures Limited | Previous |
| Malco Industries Limited | Previous |
CIN history
Indigrid Investment Managers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U28113MH2010PLC308857, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28113MH2010PLC308857 | Current |
| U28113TN2010PLC083718 | Previous |
| U28113TZ2010PLC016017 | Previous |
Contact details
Indigrid Investment Managers 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
- IndustryFinancial Services, Portfolio Management Services
To see the full contact details of Indigrid Investment Managers 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
Indigrid Investment Managers operates one associated brand: IndiGrid. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Power transmission lines, substations, and battery storage systems are operated. | indigrid.co.in |
Business activity
The main business activity of Indigrid Investment Managers is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Indigrid Investment Managers Limited, buy the company report.
Financials of Indigrid Investment Managers Limited
FY 2025 filings availableIndigrid Investment Managers Limited reported revenue of ₹57.64 Cr (down 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 23%. EBITDA fell 11% 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 | ₹24.64 Cr | ||||
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| Net Profit (PAT) | ₹16.72 Cr | ||||
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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 | 42.7% | ||||
| Net Profit Margin | 29% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Indigrid Investment Managers Limited, buy the company report.
Board of directors of Indigrid Investment Managers Limited
Indigrid Investment Managers has 6 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarun Kataria Also directs: Fourth Partner Energy Private Limited | Director | 29 Oct 2016 | 10 Years 0 Months | Current |
| Jayashree Vaidhyanthan Also directs: Uti Asset Management Company Limited, Godrej Properties Limited | Director | 30 Nov 2021 | 4 Years 11 Months | Current |
| Hardik Bhadrik Shah | Director | 30 Nov 2021 | 4 Years 11 Months | Current |
| Harsh Dinesh Shah Also directs: Enerica Regrid Infra Private Limited, Bharat Invits Association | Managing Director | 10 Apr 2025 | 1 Years 6 Months | Current |
| Ashok Sethi | Director | 20 Oct 2020 | 6 Years 0 Months | Current |
| Vaibhav Vaidya Also directs: Leap India Limited, Vertis Fund Advisors Private Limited, Leap India Limited and 1 more | Additional Director | 24 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Indigrid Investment Managers Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Portfolio Managers), with the same principal business activity (fund management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dmi Alternatives Private Limited | ₹65.12 Cr (FY 2025) | 71.0% | New Delhi, Delhi, India | |||
| Helios Capital Asset Management (India) Private Limited | ₹63.8 Cr (FY 2025) | 34.0% | Mumbai, Maharashtra, India | |||
| Indigrid Investment Managers Limitedthis company | ₹57.64 Cr (FY 2025) | ₹16.72 Cr | 29% | -32.0% | Mumbai, Maharashtra, India | |
| Samc Support Services Private Limited | ₹53.65 Cr (FY 2021) | 1.0% | Mumbai, Maharashtra, India | |||
| Global Infrastructure Partners India Private Limited | ₹48.21 Cr (FY 2025) | 428.0% | Barakhamba Road, Delhi, India |
To see the full peer comparison of Indigrid Investment Managers Limited, buy the company report.
Auditor
Indigrid Investment Managers Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Indigrid Investment Managers 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 Indigrid Investment Managers Limited, buy the company report.
Deals & funding
Indigrid Investment Managers Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹19.01 Cr; the latest was in August 2019.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: Electron IM Pte Ltd |
| Oct 2016 | Funding round | ₹10 Cr | Investors: Sterlite Electric Limited |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Sterlite Power Transmission Limited & Harsh Dinesh Shah, Sterlite Electric Limited , Sterlite Power Transmission Limited & Mohit Saxena Seller: Vedanta Limited, Vedanta Limited & Anup Agarwal, Vedanta Limited & Pankaj Kumar |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Vedanta Limited & Ramesh Nair, Vedanta Limited & Sridhar Narasimhan, Vedanta Limited & Prasad Suryarao Seller: The Madras Aluminium Company Limited & V Krishnan, The Madras Aluminium Company Limited & C Prabhakaran, The Madras Aluminium Company Limited & Vinod Bhandawat |
To see the full deal history of Indigrid Investment Managers 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
No court or tribunal cases involving Indigrid Investment Managers Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Indigrid Investment Managers Limited has 5 MSME Form 1 returns on record between 2020 and 2023, listing 6 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Awardza Private Limited | |||
| an individual supplier | |||
| Yuvafm Media Private Limited | |||
| Nreach Online Services Private Limited | |||
| Colour Bar Communications |
To see the full MSME payment records of Indigrid Investment Managers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Indigrid Investment Managers has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM0639D1ZO | Maharashtra | Active | 26 Nov 2018 |
| 07AAHCM0639D1ZQ | Delhi | Active | 15 Sep 2017 |
To see the full GST registrations and return filing status of Indigrid Investment Managers Limited, buy the company report.
Recent activity
Indigrid Investment Managers Limited has 29 board changes on record since 2011: 9 appointments and 20 cessations. The latest: Vaibhav Vaidya was appointed as Additional Director on 24 Jul 2025.
20 earlier events are in the company report.
News
Frequently asked questions
Indigrid Investment Managers is an active public limited company based in Mumbai, Maharashtra, India. The company works in portfolio management services, within the financial services industry. It was incorporated on 22 April 2010 (16+ years old) and is registered under CIN U28113MH2010PLC308857.
Indigrid Investment Managers has 6 current directors:
- Harsh Dinesh Shah - Managing Director
- Tarun Kataria - Director
- Jayashree Vaidhyanthan - Director
- Hardik Bhadrik Shah - Director
- Ashok Sethi - Director
- Vaibhav Vaidya - Additional Director
The latest financial statements of Indigrid Investment Managers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indigrid Investment Managers is 27AAHCM0639D1ZO, 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 07AAHCM0639D1ZQ (Delhi).
The CIN (Corporate Identification Number) of Indigrid Investment Managers is U28113MH2010PLC308857. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indigrid Investment Managers was incorporated on 22 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Indigrid Investment Managers has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹19.01 Cr; the latest was in August 2019.
The peers of Indigrid Investment Managers by revenue are Dmi Alternatives Private Limited, Helios Capital Asset Management (India) Private Limited, Samc Support Services Private Limited, Global Infrastructure Partners India Private Limited, all in the BFSI industry (Portfolio Managers), with the same principal business activity (fund management services).
Vaibhav Vaidya was appointed as Additional Director on 24 Jul 2025. Meghana Pandit was appointed as CFO on 16 May 2025. Navin Ashok Kumar Sharma ceased to be CFO on 15 May 2025. Indigrid Investment Managers has 29 board changes on record in total.
Indigrid Investment Managers has 5 MSME Form 1 returns on record between 2020 and 2023, listing 6 overdue payments to 5 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Indigrid Investment Managers can be reached through the website indigrid.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Indigrid Investment Managers is at Unit No 101 First Floor Windsor Village Kolekalyan Off Cst Road Vidyanagari Marg Santacruz, East, Mumbai, Maharashtra, India – 400098.
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