Company Intelligence Profile
Indigrid Limited
IndiGrid Limited is the Investment Manager of India Grid Trust, India's first listed power-sector Infrastructure Investment Trust (InvIT), registered under SEBI (InvIT) Regulations 2014.
Last updated 6 September 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Confirmed| Registered name | Indigrid Limited |
|---|---|
| CIN | U40104MH2010PLC353040 |
| PAN | AAOCS7558N |
| Status | Active |
| Listing |
|
| Incorporated | 30 March 2010 |
| ROC |
|
| Sector (NIC) | Electricity, gas, steam & air-conditioning supply — Electric power generation, transmission & distribution (NIC group D1 / 351) — Tofler, TheCompanyCheck |
| Registered address | Shop No-28A, Ground Floor, Omaxe Square Jasola, South Delhi, New Delhi, Delhi 110025 |
| Authorized capital | ₹76.89 crore |
| Paid-up capital | ₹44.74 crore |
Business Overview
Confirmed- IndiGrid Limited is the Investment Manager of India Grid Trust, India's first listed power-sector Infrastructure Investment Trust (InvIT), registered under SEBI (InvIT) Regulations 2014
- The Trust was sponsored by Sterlite Power Grid Ventures Limited, which transferred its first grid assets into the Trust around June 2016
- KKR later joined as co-sponsor
- Per the official site indigrid.co.in, the Trust's current portfolio spans 55 transmission lines, 18 substations, 20 solar power projects and 3 battery energy storage system (BESS) projects across India
- IndiGrid Limited itself earns manager/service-type income — much smaller than the Trust's consolidated financials, which must not be conflated with this entity's own accounts
Directors
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Kundan Kishore | 09602638 | - | 26 Sep 2022 |
| Giriraj Ajmera | 09673301 | - | 26 Sep 2022 |
| Rahul Asthana / Rahul Durgaprasad Asthana | 00234247 | - | 25 Sep 2023 |
| Sanil Chittoor Namboodiripad | 07963665 | - | 29 Sep 2025 |
GST
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 06AAOCS7558N1ZE | Haryana | AAOCS7558N (Tofler, TheCompanyCheck) | - |
Primary GSTIN 06AAOCS7558N1ZE (Haryana) found via a PAN-AAOCS7558N lookup mirrored by microvistatech.com — single source only, not independently cross-confirmed on a knowyourgst/individual-GSTIN page (that page 404'd), so treat as partial confidence. PAN: AAOCS7558N (confirmed, 2 sources). Home state: Haryana (per this GSTIN's state code "06"), plausible given group offices in Gurgaon. Number of registrations and live filing status: not obtained.
Financials
Partial / conflicting- Two distinct levels — do not mix: (1) IndiGrid Limited: FY2025 (year ended 31 Mar 2025) revenue ₹625.51 crore, +6% YoY
- EBITDA and PAT locked behind paywall — not obtained
- (2) India Grid Trust (the InvIT this entity manages — parent/group level, consolidated): FY2026 (year ended 31 Mar 2026, per Screener.in) revenue ₹4,768 crore, operating profit ₹3,075 crore (64% margin), net profit ₹399 crore, market cap ₹20,261 crore, AUM ₹33,815 crore (Q4 FY26), book value ₹63.8/unit, P/E 49.9, ROCE 7.99%
- Earlier FY2025 trust-level figures conflict across sources: Trendlyne showed revenue ₹2,812 crore (+3.5% YoY) with net profit ₹1,281 crore (+22.1%), while Equitymaster's FY25 annual-report analysis showed net profit of ₹410.5 crore (+38.5% YoY) — a real source conflict on FY25 trust PAT, flagged rather than resolved
- Auditor (entity level): G S K A & Co
Funding
Partial / conflicting- India Grid Trust is sponsored by Sterlite Power Grid Ventures Limited (original sponsor, transferred first transmission assets into the Trust circa June 2016 per Delhi HC filing) and KKR (joined later as co-sponsor via its infrastructure fund)
- Specific KKR investment amount/date and any recent (2024-2026) preferential unit issuances or NCD raise amounts were not obtained/verified in this session — general web search was unavailable (session search budget exhausted) and targeted WebFetch queries did not surface a citable primary figure; mark as not obtained rather than invent numbers
In the News
ConfirmedIndiGrid signs pact to acquire Shongtong Power for up to ₹5,315.8 crore
scanx.trade · 15 days ago
IndiGrid raises ₹1,100 crore in AAA-rated debt
Dealroom · a month ago
Indigrid Infrastructure Trust Approves Allotment of INR 3,500 Million Series AI and INR 7,500 Million Series AJ Partly Paid-Up Senior Secured Listed Rated Redeemable Non-Convertible Debt Securities
marketscreener.com · a month ago
IndiGrid Q1FY27 Results: Revenue up 29% YoY, DPU at ₹4.12
scanx.trade · a month ago
IndiGrid Infrastructure Trust to host analyst meet on Aug 14
scanx.trade · a month ago
Headlines about Indigrid Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 14 days ago.
Source: Google News aggregated headlines
Charges
Partial / conflicting- open charges of ₹24,785 crore and satisfied charges of ₹9,832.05 crore registered against this CIN, with IDBI Trusteeship Services Limited as primary charge-holder (₹24,784.82 crore)
- Given IDBI Trusteeship Services is the standard debenture trustee for InvIT/NCD structures, this very large figure likely reflects secured NCDs issued in connection with the broader India Grid Trust structure rather than a conventional operating loan to the manager company alone — flagging this explicitly per the entity-confusion risk between the manager entity and the Trust/SPV group, since it could not be independently corroborated in this session
Credit Ratings
Partial / conflicting- India Grid Trust (Trust/group level) carries a CRISIL and ICRA long-term rating of AAA/Stable, per a generic web snippet — could not pin this to a specific dated CRISIL/ICRA press release in this session, so treat as partial confidence
- No rating found specifically issued to the "IndiGrid Limited" corporate entity as distinct from the Trust
Legal
Partial / conflicting- indiankanoon.org search for "Indigrid Limited" by name returned no matching results
- A search for "India Grid Trust" surfaced one relevant case: Sterlite Grid 20 Limited vs PFC Consulting Limited & Anr
- (Delhi High Court, order dated 10 September 2021), which describes India Grid Trust as "a trust established under SEBI (Infrastructure Investment Trusts) Regulations 2014" that acquired grid assets "in June" from Sterlite Power Grid Ventures Limited
- This is background/contextual litigation involving a related party, not litigation directly against the IndiGrid Limited entity itself
Competitors
Confirmed- Named peers, rough scale relative to India Grid Trust (AUM ~₹33,815 crore, FY26 revenue ~₹4,768 crore) based on general market knowledge, not independently re-verified this session: (1) PowerGrid Infrastructure Investment Trust (PGInvIT) — closest direct peer, power-transmission InvIT, smaller AUM/scale
- (2) Anzen India Energy Yield Plus Trust — power-transmission InvIT, smaller scale
- (3) IRB InvIT Fund and Bharat Highways InvIT — InvIT-structure peers but in the roads sector, not power
- (4) Adani Energy Solutions Limited — large-cap listed power transmission & distribution company, materially larger scale
- (5) Tata Power Company Limited (transmission/distribution business) — large diversified peer, materially larger scale
- (6) Sterlite Power Transmission Limited — the sponsor group's own EPC/asset-development arm, privately held
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