Attached files

file filename
10-K - 10-K - India Globalization Capital, Inc.indiaglobal10k033118.htm
EX-32.3 - EX-32.3 - India Globalization Capital, Inc.ex32-3.htm
EX-32.2 - EX-32.2 - India Globalization Capital, Inc.ex32-2.htm
EX-32.1 - EX-32.1 - India Globalization Capital, Inc.ex32-1.htm
EX-31.3 - EX-31.3 - India Globalization Capital, Inc.ex31-3.htm
EX-31.2 - EX-31.2 - India Globalization Capital, Inc.ex31-2.htm
EX-31.1 - EX-31.1 - India Globalization Capital, Inc.ex31-1.htm
EX-23.2 - EX-23.2 - India Globalization Capital, Inc.ex23-2.htm
EX-23.1 - EX-23.1 - India Globalization Capital, Inc.ex23-1.htm

 
Exhibit 21.1
 
List of Subsidiaries
 
Subsidiaries (3)
 
Immediate
holding company
 
Country of
Incorporation
 
Percentage of holding
as of March 31, 2018
   
Percentage of holding
as of March 31, 2017
 
IGC – Mauritius
(“IGC-M”)
 
IGC
 
Mauritius
   
100
     
100
 
Techni Bharathi Private Limited
(“TBL”)
 
IGC-M
 
India
   
0
     
100
 
Techni Bharathi Private Limited
(“TBL”)
 
IGC
 
India
   
100
     
0
 
India Mining and Trading Private Limited
(“IGC-IMT”)
 
IGC-M
 
India
   
100
     
100
 
IGC Materials Private Limited
(“IGC-MPL”)
 
IGC-M
 
India
   
100
     
100
 
IGC Logistic Private Limited
(“IGC-LPL”)
 
IGC-M
 
India
   
100
     
100
 
IGC Cleantech Limited
(“IGC-CT”)
 
IGC-M
 
Hong Kong
   
0
     
100
 
IGC Enterprises Limited
(“IGC-ENT”) (1)
 
TBL
 
Hong Kong
   
100
     
0
 
Cabaran Ultima Sdn. Bhd.,
(“Ultima”) (2)
 
IGC
 
Malaysia
   
100
     
100
 
RGF Cabaran Sdn. Bhd. (“RGF”)
 
Ultima
 
Malaysia
   
0
     
51
 
RGF Construction Sdn. Bhd.
 
RGF
 
Malaysia
   
0
     
75
 
 
(1)
Beneficially owned by Techni Bharathi Private Limited (“TBL”)
(2)
Cabaran Ultima is recorded as investment held for sale in the balance sheet for the year ended March 31, 2018. Hence, it is not consolidated.
(3)
IGC-M, IGC-IMT, IGC-LPL, IGC-MPL are non-operating subsidiaries and don’t have a material impact on the balance sheet or statement of operations.