IGC Pharma (IGC) 10-Q 14 Feb 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Dec. 31, 2013
Document and Entity Information [Abstract]	'
Entity Registrant Name	'India Globalization Capital, Inc.
Document Type	'10-Q
Current Fiscal Year End Date	'--03-31
Entity Common Stock, Shares Outstanding	7,980,919
Amendment Flag	'false
Entity Central Index Key	'0001326205
Entity Current Reporting Status	'Yes
Entity Voluntary Filers	'No
Entity Filer Category	'Smaller Reporting Company
Entity Well-known Seasoned Issuer	'No
Document Period End Date	31-Dec-13
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q3

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Mar. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$440,626	$1,064,421
Accounts receivable, net of allowances	890,134	1,066,650
Inventories	687,881	407,060
Prepaid expenses and other current assets	1,781,591	1,730,514
Total current assets	3,800,232	4,268,645
Non-current assets:	'	'
Intangible Assets	592,274	592,274
Property, plant and equipment, net	7,731,628	8,184,230
Investments in former affiliates	5,109,057	5,109,057
Investments-others	48,450	83,489
Deferred acquisition costs	207,337	207,338
Deferred Income taxes	298,635	341,455
Other non-current assets	400,339	466,105
Total non-current assets	14,387,720	14,983,948
Total assets	18,187,952	19,252,593
Current liabilities:	'	'
Trade payables	577,878	600,702
Accrued expenses	340,263	466,960
Notes payable	1,800,000	0
Loans — others	304,010	446,694
Other current liabilities	228,943	310,619
Total current liabilities	3,251,094	1,824,975
Non-current liabilities:	'	'
Notes payable	0	1,800,000
Other non-current liabilities	656,291	653,388
Total Non-current liabilities	656,291	2,453,388
Total liabilities	3,907,385	4,278,363
Stockholders' equity:	'	'
Common stock — $.0001 par value; 150,000,000 shares authorized; 6,980,098 issued and outstanding as of March 31, 2013 and 7,980,919 issued and outstanding as of December 31, 2013.	798	698
Additional paid-in capital	57,192,952	56,153,375
Accumulated other comprehensive income	-2,188,626	-2,020,764
Retained earnings (Deficit)	-41,256,329	-39,697,179
Total equity attributable to Parent	13,748,795	14,436,130
Non-controlling interest	531,772	538,100
Total stockholders' equity	14,280,567	14,974,230
Total liabilities and stockholders' equity	$18,187,952	$19,252,593

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Dec. 31, 2013	Mar. 31, 2013
Common stock, par value (in Dollars per share)	$0.00	$0.00
Common stock, shares authorized	150,000,000	150,000,000
Common stock shares issued	7,980,919	6,980,098
Common stock, shares outstanding	7,980,919	6,980,098

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Revenues	$17,529	$3,933,906	$2,275,018	$6,553,052
Cost of revenues (excluding depreciation)	-7,789	-3,189,950	-1,887,521	-5,235,751
Selling, general and administrative expenses	-156,048	-153,789	-930,124	-936,348
Depreciation	-147,708	-134,785	-444,852	-463,503
Operating income (loss)	-294,016	455,382	-987,479	-82,550
Interest expense	-52,502	-2,651	-233,466	-28,950
Interest income	1,824	2,051	8,157	2,888
Other income, net	41,439	43,641	-335,046	-120,595
Income before income taxes and minority interest attributable to non-controlling interest	-303,255	498,423	-1,547,834	-229,207
Income taxes benefit/ (expense)	-1,885	-453	-4,988	21,522
Net income/(loss)	-305,140	497,970	-1,552,822	-207,685
Non-controlling interests in earnings of subsidiaries	-5,336	-187,078	-6,328	-152,449
Net income / (loss) attributable to common stockholders	($310,476)	$310,892	($1,559,150)	($360,134)
Earnings/(loss) per share attributable to common stockholders:	'	'	'	'
Basic (in Dollars per share)	($0.04)	$0.05	($0.20)	($0.06)
Diluted (in Dollars per share)	($0.04)	$0.05	($0.20)	($0.06)
Weighted-average number of shares used in computing earnings per share amounts:	'	'	'	'
Basic (in Shares)	7,734,444	6,006,174	7,734,444	6,006,174
Diluted (in Shares)	7,734,444	6,006,174	7,734,444	6,006,174

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Parent [Member]	'	'	'	'
Net income / (loss)	($310,476)	$310,892	($1,559,150)	($360,134)
Foreign currency translation adjustments	-382,651	2,434	-167,862	77,635
Comprehensive income (loss)	-693,127	313,326	-1,727,012	-282,499
Noncontrolling Interest [Member]	'	'	'	'
Net income / (loss)	-5,336	187,078	-6,328	152,449
Foreign currency translation adjustments	0	-17,369	0	-25,828
Comprehensive income (loss)	-5,336	169,709	-6,328	126,621
Comprehensive Income [Member]	'	'	'	'
Net income / (loss)	-315,812	497,970	-1,565,478	-207,685
Foreign currency translation adjustments	-382,651	-14,935	-167,862	51,807
Comprehensive income (loss)	($698,463)	$483,035	($1,733,340)	($155,878)

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]	Total
Balance at March 31, 2013 (audited) at Mar. 31, 2013	$698	$56,153,375	($39,697,179)	($2,020,764)	$538,100	$14,974,230
Balance at March 31, 2013 (audited) (in Shares) at Mar. 31, 2013	6,980,098	'	'	'	'	6,980,098
Bricoleur loan interest payments	15	219,720	'	'	'	219,735
Bricoleur loan interest payments (in Shares)	153,900	'	'	'	'	'
IR and other shares	4	40,796	'	'	'	40,800
IR and other shares (in Shares)	36,193	'	'	'	'	'
ESOP Shares	15	140,215	'	'	'	140,230
ESOP Shares (in Shares)	146,073	'	'	'	'	'
ATM Sale	66	638,846	'	'	'	638,912
ATM Sale (in Shares)	664,655	'	'	'	'	'
Loss on Translation	'	'	'	-167,862	'	-167,862
Net income for non-controlling interest	'	'	'	'	-6,328	-6,328
Net income / (loss)	'	'	-1,559,150	'	'	-1,559,150
Balance at December 31, 2013 (unaudited) at Dec. 31, 2013	$798	$57,192,952	($41,256,329)	($2,188,626)	$531,772	$14,280,567
Balance at December 31, 2013 (unaudited) (in Shares) at Dec. 31, 2013	7,980,919	'	'	'	'	7,980,919

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:	'	'
Net income (loss)	($1,552,822)	($207,685)
Adjustment to reconcile net income (loss) to net cash:	'	'
Deferred taxes	4,988	0
Depreciation	444,852	463,503
Unrealized exchange losses/(gains)	322,682	313,200
Unrealized share in the profit/loss of joint venture	28,463	0
Non-cash interest expenses	219,735	0
ESOP and IR shares	181,030	0
Changes in:	'	'
Accounts receivable	95,692	856,461
Inventories	-280,819	-102,548
Prepaid expenses and other assets	-143,170	140,333
Trade payables	-5,992	46,106
Other current liabilities	-58,222	5,849
Other non – current liabilities	-7,310	8,269
Non-current assets	10,701	-50,036
Accrued Expenses	-126,697	-192,546
Inter-company balances	0	-21,291
Net cash used in operating activities	-866,889	1,259,615
Cash flow from investing activities:	'	'
Proceeds from short term investment	0	359,338
Proceeds from sale of property and equipment	0	4,202
Restricted Cash	0	9,456
Issuance of equity shares	638,912	0
Net cash provided/(used) by investing activities	638,912	372,996
Cash flows from financing activities:	'	'
Net movement in other short-term borrowings	0	-197,399
Proceeds from loans	-142,684	192,049
Net cash provided/(used) by financing activities	-142,684	-5,350
Effects of exchange rate changes on cash and cash equivalents	-253,134	-81,883
Net increase/(decrease) in cash and cash equivalents	-623,795	1,545,378
Cash and cash equivalent at the beginning of the period	1,064,421	562,948
Cash and cash equivalent at the end of the period	440,626	2,108,326
Supplementary information:	'	'
Cash paid for interest	13,731	28,950
Cash paid for taxes	0	0
Non-cash items:	'	'
Common stock issued for interest payment on notes payable	219,735	0
Common stock issued including ESOP	$181,030	$0

NOTE_1_OVERVIEW

NOTE 1 - OVERVIEW	9 Months Ended
	Dec. 31, 2013
Disclosure Text Block [Abstract]	'
Nature of Operations [Text Block]	'
	NOTE 1 – OVERVIEW
	a)  Description of the Company
	We are India Globalization Capital, Inc. (the “Company” or “IGC”), a Maryland corporation, organized on April 29, 2005, as a blank check company formed for the purpose of acquiring one or more businesses with operations primarily in India through a merger, capital stock exchange, asset acquisition or other similar business combination or acquisition.  On March 8, 2006, we completed an initial public offering of our Common Stock.  On February 19, 2007, we incorporated India Globalization Capital, Mauritius, Limited (IGC-M), a wholly owned subsidiary, under the laws of Mauritius.  On March 7, 2008, we consummated the acquisition of interests in two companies in India, Techni Bharathi Limited (“TBL”) and Sricon Infrastructure Private Limited (“Sricon”). Both of these companies’ shares are held by IGC-M. Currently, IGC owns 22% of Sricon and 100% of TBL, a company focused on the infrastructure industry.  On June 21, 2012, IGC entered into a Memorandum of Settlement (the “MoS”) with Sricon and related parties, pursuant to which the Company gave up the 22% minority interest in Sricon in exchange for approximately 5 acres of land in Nagpur. The settlement is expected to close by the end of this financial year. On March 31, 2013, IGC became the 100% owner of TBL by purchasing the remaining 23.1% shares from TBL’s promoters.
	On February 19, 2009, IGC-M beneficially purchased 100% of IGC Mining and Trading Private Limited (IGC-IMT) based in Chennai, India.  IGC-IMT was formed on December 16, 2008, as a privately held start-up company engaged in the business of mining and trading.  Its current activity is to operate shipping hubs and to trade iron ore.  On July 4, 2009, IGC-M beneficially purchased 100% of IGC Materials, Private Limited (IGC-MPL) based in Nagpur, India, which conducts IGC’s quarrying business, and 100% of IGC Logistics, Private Limited (IGC-LPL) based in Nagpur, India, which is involved in the transport and delivery of iron ore, cement, aggregate and other materials.  Together these companies carry out our mining and trading business in India.  Each of IGC-IMT, IGC-MPL and IGC-LPL were formed by third parties at the behest of IGC-M to facilitate the creation of the subsidiaries.  The purchase price paid for each of IGC-IMT, IGC-MPL and IGC-LPL was equal to the expenses incurred in incorporating the respective entities with no premium paid.
	On December 30, 2011, IGC obtained stock holder approval for the acquisition of 95% equity interest in Linxi HeFei Economic and Trade Co., aka Linxi H&F Economic and Trade Co., a People’s Republic of China-based company ("PRC Ironman") by acquiring 100% of the equity of H&F Ironman Limited, a Hong Kong company ("HK Ironman").  Collectively, PRC Ironman and HK Ironman are referred to as "Ironman."
	On January 21, 2013, we incorporated IGC HK Mining and Trading Limited (“IGC-HK”) in Hong Kong. IGC-HK is a wholly owned subsidiary of IGC-Mauritius.  On May 24, 2013, IGC Linxi Industrial and Trading Limited (“IGC-Linxi”) was incorporated by two Chinese citizens, who acted as the initial directors of this company.  This is as per the regulatory requirements for incorporation of companies.  Once this company was incorporated, IGC-HK took control of 95% of the shares of IGC-Linxi.  The necessary regulatory requirements for the ownership of IGC-Linxi by IGC-HK are expected to take three to four months and the process is expected to be routine. In the meantime the IGC-Linxi is under the control of IGC-HK.  No premium was paid to the individuals for incorporating IGC-Linxi. The company was not operational at the time of purchase and therefore no revenue or earnings were recorded. The individuals were reimbursed a total of $267.56 (1,650 RMB) for the amounts they paid to incorporate the company.  Therefore effectively, this company is not an acquisition but an incorporation by IGC. This incorporation is part of our internal re-structuring.
	India Globalization Capital, Inc. (”IGC,” the “Company,” or “we”) is a holding company.  We are engaged in acquiring, incubating, financing and growing distressed microcap companies. We currently are engaged in the mining and infrastructure industries. We operate in the US, India and China. The Company’s plans in the short term are to create cash flow from existing assets and in the medium term continue to build its assets through opportunistic acquisitions.
	b)  List of subsidiaries with percentage holding
	The operations of IGC are based in India and China. The financial statements of the following subsidiaries have been considered for consolidation.
	Subsidiaries	Immediate	Country of	Percentage of holding		Percentage of holding
		holding company	Incorporation	as of Dec 31, 2013		as of March 31, 2013
	IGC – Mauritius	IGC	Mauritius		100		100
	("IGC-M")
	IGC HK Mining and Trading Limited	IGC-M	Hong Kong		100		100
	(“IGC-HK”)
	India Mining and Trading Private Limited	IGC-M	India		100		100
	("IGC-IMT")
	IGC Linxi Industrial and Trading Limited	IGC-HK	China		95		0
	(“IGC- Linxi”)
	IGC Logistic Private  Limited	IGC-M	India		100		100
	("IGC-LPL")
	IGC Materials Private Limited	IGC-M	India		100		100
	("IGC-MPL")
	H&F Ironman Limited	IGC	Hong Kong		100		100
	(“HK Ironman”)
	Linxi H&F Economic and Trade Co.	HK Ironman	Peoples’ Republic of China		95		95
	("PRC Ironman")
	Techni Bharathi  Private  Limited	IGC-M	India		100		100
	(“TBL”)

NOTE_2_SIGNIFICANT_ACCOUNTING_

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES
	a)  Basis of preparation of financial statements
	The Company has prepared the accompanying unaudited Condensed Consolidated Financial Statements (“Financial Statements”) in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information.  Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles (“GAAP”) for complete financial statements.  Therefore, the Financial Statements should be read in conjunction with the audited Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013 filed with the SEC on July 16, 2013.  In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included in the Financial Statements.  The results for interim periods do not necessarily indicate the results that may be expected for any other interim period or for the full year. The significant accounting policies adopted by the Company, in respect of these consolidated financial statements, are set out below. The Company’s current fiscal year ends on March 31, 2014.
	b)  Principles of consolidation
	The consolidated financial statements include the accounts of the Company and all of its subsidiaries that are more than 50% owned and controlled. The financial statements of the parent company and its majority owned or controlled subsidiaries have been combined on a line by line basis by adding together the book values of all items of assets, liabilities, incomes and expenses after eliminating all inter-company balances and transactions and resulting unrealized gain or loss. Operating results of companies acquired are included from the dates of acquisition.
	c)  Non-controlling interests
	Non-controlling interests in the Company’s consolidated financial statements result from the accounting for non-controlling interests in its subsidiaries.  Non-controlling interests represent the subsidiaries’ earnings and components of other comprehensive income that are attributed to the non-controlling parties’ equity interests.  The Company consolidates the subsidiaries into its consolidated financial statements.  Transactions between the Company and its subsidiaries have been eliminated in the consolidated financial statements.
	The Company accounts for investments by the equity method where its investment in the voting stock gives it the ability to exercise significant influence over the investee but not control.  In situations, such as the Company’s ownership interest in Sricon Infrastructure Private Limited (“Sricon”), wherein the Company is not able to exercise significant influence in spite of having 20% or more of the voting stock, the Company has accounted for the investment based on the cost method.  In addition, the Company consolidates any Variable Interest Entity (“VIE”) if it is determined to be the primary beneficiary.  However, as of December 31, 2013, the Company does not have any interest in any VIE or equity method investment.
	The non-controlling interest disclosed in the accompanying unaudited interim consolidated financial statements represents the non-controlling interest in Ironman and the profits or losses associated with the non-controlling interest in those operations.
	The adoption of Accounting Standards Codification (ASC) 810-10-65 "Consolidation — Transition and Open Effective Date Information" (previously referred to as SFAS No. 160, "Non-controlling Interests in Consolidated Financial Statements, an amendment of ARB No. 51"), has resulted in the reclassification of amounts previously attributable to minority interest (now referred to as non-controlling interest) to a separate component of shareholders’ equity on the accompanying consolidated balance sheets and consolidated statements of shareholders’ equity and comprehensive income (loss).  Additionally, net income attributable to non-controlling interest is shown separately from net income in the consolidated statements of income.  This reclassification had no effect on our previously reported financial position or results of operations.
	d)  Use of estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Management believes that the estimates and assumptions used in the preparation of the consolidated financial statements are prudent and reasonable.  Significant estimates and assumptions are used for, but not limited to: allowance for uncollectible accounts receivable; future obligations under employee benefit plans; the useful lives of property, plant, equipment; intangible assets; the valuation of assets and liabilities acquired in a business combination; impairment of goodwill and investments; recoverability of advances; the valuation of options granted and warrants issued; and income tax and deferred tax valuation allowances.  Actual results could differ from those estimates.  Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates.  Critical accounting estimates could change from period to period and could have a material impact on IGC’s results, operations, financial position and cash flows.
	Changes in estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the consolidated financial statements.
	e)  Foreign currency translation
	IGC mainly operates in India and China and a substantial portion of the Company’s sales are denominated in INR and RMB. As a result, changes in the relative values of the U.S. dollar and INR or the RMB affect revenues and profits as the results are translated into U.S. dollars in the consolidated and pro forma financial statements.
	The accompanying financial statements are reported in U.S. dollars. The INR and the RMB are the functional currencies for the Company. The translation of the functional currencies into U.S. dollars is performed for assets and liabilities using the exchange rates in effect at the balance sheet date and for revenues, costs and expenses using average exchange rates prevailing during the reporting periods. Adjustments resulting from the translation of functional currency financial statements to reporting currency are accumulated and reported as other comprehensive income/(loss), a separate component of shareholders’ equity. The exchange rates used for translation purposes are as follows:
	Period		Period End Average Rate	Period End Rate
			(P&L rate)	(Balance sheet rate)
	Three months ended December 31, 2012		INR 52.88 per USD	INR 54.86 per USD
			RMB 6.29 per USD	RMB 6.29 per USD
	Year ended March 31, 2013		INR 54.36 per USD	INR 54.52 per USD
			RMB 6.28 per USD	RMB 6.21 per USD
			HKD 7.77 per USD	HKD 7.76 per USD
	Three months ended December 31, 2013		INR 58.22 per USD	INR61.92 per USD
			RMB 6.13 per USD	RMB 6.05 per USD
			HKD7.75 per USD	HKD 7.75 per USD
	f)  Revenue recognition
	The majority of the revenue recognized for the three month period ended December 31, 2013 and 2012 was derived from the Company’s subsidiaries, when all of the following criteria have been satisfied:
	Revenue is recognized when persuasive evidence of an arrangement exists, the sales price is fixed or determinable and collectability is reasonably assured.  In government contracting, the Company recognizes revenue when a government consultant verifies and certifies an invoice for payment.
	Revenue from sale of goods is recognized when substantial risks and rewards of ownership are transferred to the buyer under the terms of the contract.
	For the sale of goods, the timing of the transfer of substantial risks and rewards of ownership is based on the contract terms negotiated with the buyer, e.g., FOB or CIF.  IGC considers the guidance provided under Staff Accounting Bulletin (“SAB”) 104 in determining revenue from sales of goods.  Considerations have been given to all four conditions for revenue recognition under that guidance.  The four conditions are:
		· Contract – Persuasive evidence of our arrangement with the customers;
		· Delivery – Based on the terms of the contracts, the Company assesses whether the underlying goods have been delivered and therefore the risks and rewards of ownership are completely transferred;
		· Fixed or determinable price – The Company enters into contracts where the price for the goods being sold is fixed and not contingent upon other factors.
		· Collection is deemed probable – At the time of recognition of revenue, the Company makes an assessment of its ability to collect the receivable arising on the sale of the goods and determines that collection is probable.
	Revenue for any sale is recognized only if all of the four conditions set forth above are met.  The Company assesses these criteria at the time of each sale.  In the absence of meeting any of the criteria set out above, the Company defers revenue recognition until all of the four conditions are met.
	Specifically, our beneficiation plants in Inner Mongolia have two processes for refining iron ore.  The first, a dry process, takes low-grade iron ore and magnetically separates it into a higher-grade iron ore.  This is then fed into a wet process that further refines the iron ore into high-grade iron ore (finished product) that is sold to steel factories. Typically, revenue is recognized when the finished product is sold and meets the criteria set out above.  Our customers, typically, buy the finished product on a spot basis with a deposit and a 60-day payment term, or in some cases for cash on delivery.   In cases where iron ore is shipped from India to a customer in China, as an example, a typical CIF contract pays 95% at the time that the ship leaves port and the remaining 5% when the iron ore passes inspection in China. Therefore 95% of the revenue is recognized first and the remaining 5% is recognized later, and can take up to 90 days. CIF contracts are guaranteed by letters of credit from the customer.
	Revenue from construction/project related activity and contracts for supply/commissioning of complex plant and equipment is recognized as follows:
		a)	Cost plus contracts: Contract revenue is determined by adding the aggregate cost plus proportionate margin as agreed with the customer and expected to be realized.
		b)	Fixed price contracts: Contract revenue is recognized using the percentage completion method and the percentage of completion is determined as a proportion of cost incurred-to-date to the total estimated contract cost.  Changes in estimates for revenues, costs to complete, and profit margins are recognized in the period in which they are reasonably determinable.
	§	In many of the fixed price contracts entered into by the Company, significant expenses are incurred in the mobilization stage in the early stages of the contract.  The expenses include those that are incurred in the transportation of machinery, erection of heavy machinery, clearing of the campsite, workshop ground cost, overheads, etc.  All such costs are booked to deferred expenses and written off over the period in proportion to revenues earned.
	§	Where the modifications of the original contract are such that they effectively add to the existing scope of the contract, the same are treated as a change orders.  On the other hand, where the modifications are such that they change or add an altogether new scope, these are accounted for as a separate new contract.  The Company adjusts contract revenue and costs in connection with change orders only when both, the customer and the Company with respect to both the scope and invoicing and payment terms, approve them.
	§	In the event of claims in our percentage of completion contracts, the additional contract revenue relating to claims is only accounted after the proper award of the claim by the competent authority.  The contract claims are considered in the percentage of completion only after the proper award of the claim by the competent authority.
	Full provision is made for any loss in the period in which it is foreseen.
	Revenue from service related activities and miscellaneous other contracts are recognized when the service is rendered using the proportionate completion method or completed service contract method.
	g)  Accounts receivable
	We make estimates of the collectability of our accounts receivable by analyzing historical payment patterns, customer concentrations, customer credit-worthiness, and current economic trends.  If the financial condition of a customer deteriorates, additional allowances may be required.
	h) Inventories
	We provide for inventory obsolescence, excess inventory and inventories with carrying values in excess of market values based on our assessment of the future demands, market conditions and our specific inventory management procedures.  If market conditions and actual demands are less favorable than our estimates, additional inventory write-downs may be required.  In all cases inventory is carried at the lower of historical cost or market value.
	i)  Investments
	Investments are initially measured at cost, which is the fair value of the consideration given for them, including transaction costs.  The Company's equity in the earnings/(losses) of affiliates is included in the statement of income and the Company's share of net assets of affiliates is included in the balance sheet.  Where the Company’s ownership interest in spite of being in excess of 20% is not sufficient to exercise significant influence, the Company has accounted for the investment based on the cost method.
	j)  Property, Plant and Equipment (PP&E)
	Property and equipment are recorded at cost net of accumulated depreciation and depreciated over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows:
	Buildings	5-25 years
	Plant and machinery	10-20 years
	Computer equipment	3-5 years
	Office equipment	3-5 years
	Furniture and fixtures	5-10 years
	Vehicles	5-10 years
	Upon retirement or disposition, cost and related accumulated depreciation of the property and equipment are de-recognized from the books of accounts and the gain or loss is reflected in the results of operation.  Cost of additions and substantial improvements to property and equipment are capitalized in the books of accounts.  The cost of maintenance and repairs of the property and equipment are charged to operating expenses as incurred.
	k)  Impairment of long – lived assets
	The Company reviews its long-lived assets, with finite lives, for impairment whenever events or changes in business circumstances indicate that the carrying amount of assets may not be fully recoverable.  Such circumstances include, though are not limited to, significant or sustained declines in revenues or earnings, future anticipated cash flows, business plans and material adverse changes in the economic climate, such as changes in operating environment, competitive information, impact of change in government policies, etc.  For assets that the Company intends to hold for use, if the total of the expected future undiscounted cash flows produced by the assets or subsidiary company is less than the carrying amount of the assets, a loss is recognized for the difference between the fair value and carrying value of the assets.  For assets the Company intends to dispose of by sale, a loss is recognized for the amount by which the estimated fair value less cost to sell is less than the carrying value of the assets.  Fair value is determined based on quoted market prices, if available, or other valuation techniques including discounted future net cash flows.
l)  Earnings per common share
Basic earnings per share is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the additional dilution from all potentially dilutive securities such as stock warrants and options.
m)  Income taxes
The Company accounts for income taxes under the asset and liability method, in accordance with ASC 740, Income Taxes, which requires an entity to recognize deferred tax liabilities and assets.  Deferred tax assets and liabilities are recognized for the future tax consequence attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their tax bases and operating loss and tax credit carry forwards.  Deferred tax assets and liabilities are measured using the enacted tax rate expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date.  A valuation allowance is established and recorded when management determines that some or all of the deferred tax assets are not likely to be realized and therefore, it is necessary to reduce deferred tax assets to the amount expected to be realized.
In evaluating a tax position for recognition, management evaluates whether it is more-likely-than-not that a position will be sustained upon examination, including resolution of related appeals or litigation processes, based on technical merits of the position.  If the tax position meets the more-likely-than-not recognition threshold, the tax position is measured and recognized in the Company’s financial statements as the largest amount of tax benefit that, in management’s judgment, is greater than 50% likely of being realized upon settlement.
n) Cash and cash equivalents
For financial statement purposes, the Company considers all highly liquid debt instruments with maturity of three months or less, to be cash equivalents.  The Company maintains its cash in bank accounts in the United States of America, Mauritius, India and China, which at times may exceed applicable insurance limits.  The Company has not experienced any losses in such accounts.  The Company believes it is not exposed to any significant credit risk on cash and cash equivalent.  The Company does not invest its cash in securities that have an exposure to U.S. mortgages.
o)  Restricted cash
Restricted cash consists of deposits pledged to various government authorities and deposits used as collateral with banks for guarantees and letters of credit, given by the Company to its customers or vendors.
p)  Fair value of financial instruments
As of December 31, 2013 and March 31, 2013, the carrying amounts of the Company's financial instruments, which included cash and cash equivalents, accounts receivable, unbilled accounts receivable, restricted cash, accounts payable, accrued employee compensation and benefits and other accrued expenses, approximate their fair values due to the nature of the items.
q)  Concentration of credit risk and significant customers
Financial instruments, which potentially expose the Company to concentrations of credit risk, are primarily comprised of cash and cash equivalents, investments, derivatives, accounts receivable and unbilled accounts receivable.  The Company places its cash, investments and derivatives in highly rated financial institutions.  The Company adheres to a formal investment policy with the primary objective of preservation of principal, which contains credit rating minimums and diversification requirements.  Management believes its credit policies reflect normal industry terms and business risk.  The Company does not anticipate non-performance by the counterparties and, accordingly, does not require collateral.
A significant portion of the Company’s sales in China is to key customers.  Five of such customers accounted for approximately 90% of gross accounts receivable as of December 31, 2013.
r) Leased mineral rights
In China, costs to obtain leased mineral rights are capitalized and amortized to operations as depletion expense within the leased periods, using the straight-line method.  Depletion expenses are included in depreciation and amortization on the accompanying statement of operations.
s)  Business combination
In accordance with ASC Topic 805, Business Combinations, the Company uses the purchase method of accounting for all business combinations consummated after June 30, 2001.  Intangible assets acquired in a business combination are recognized and reported apart from goodwill if they meet the criteria specified in ASC Topic 805.  Any purchase price allocated to an assembled workforce is not accounted separately.
t)  Employee benefits plan
In accordance with applicable Indian laws, the Company provides for gratuity, a defined benefit retirement plan (Gratuity Plan) covering certain categories of employees.  The Gratuity Plan provides a lump sum payment to vested employees, at retirement or termination of employment, an amount based on the respective employee’s last drawn salary and the years of employment with the Company.  In addition, all employees receive benefits from a provident fund, a defined contribution plan.  The employee and employer each make monthly contributions to the plan equal to 12% of the covered employee’s salary.  The contribution is made to the Government’s provident fund.
At this time the Company doesn’t participate in a multi-employer defined contribution plan in China to provide employees with certain retirement, medical and other fringe benefits because most of our workers are contractors employed through agencies or other companies.
u)  Commitments and contingencies
Liabilities for loss contingencies arising from claims, assessments, litigations, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment and/or remediation can be reasonably estimated.
v)  Accounting for goodwill and related impairment
Goodwill represents the excess cost of an acquisition over the fair value of our share of net identifiable assets of the acquired subsidiary at the date of acquisition.  Goodwill on acquisition of subsidiaries is disclosed separately.  Goodwill is stated at cost less impairment losses incurred, if any.
The Company adopted the provisions of Accounting Standards Codification (“ASC”) 350, “Intangibles – Goodwill and Others” (previously referred to as SFAS No. 142, "Goodwill and Other Intangible Assets," which sets forth the accounting for goodwill and intangible assets subsequent to their acquisition.  ASC 350 requires that goodwill and indefinite-lived intangible assets be allocated to the reporting unit level, which the Company defines as each subsidiary.  ASC 350 also prohibits the amortization of goodwill and indefinite-lived intangible assets upon adoption, but requires that they be tested for impairment at least annually, or more frequently as warranted, at the reporting unit level.
As per ASC 350-20-35-4 through 35-19, the impairment testing of goodwill is a two-step process.  The first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of a reporting unit with its carrying amount, including goodwill.  If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired, thus the second step of the impairment test is unnecessary.  If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test shall be performed to measure the amount of impairment loss, if any.  The second step of the goodwill impairment test, used to measure the amount of impairment loss, compares the implied fair value of reporting unit goodwill with the carrying amount of that goodwill.  If the carrying amount of reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss shall be recognized in an amount equal to that excess.  The loss recognized cannot exceed the carrying amount of goodwill.  After a goodwill impairment loss is recognized, the adjusted carrying amount of goodwill shall be its new accounting basis.  Subsequent reversal of a previously recognized goodwill impairment loss is prohibited once the measurement of that loss is completed.
In ASC 350.20.20, a reporting unit is defined as an operating segment or one level below the operating segment.  A component of an operating segment is a reporting unit if the component constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that component.  The Company has determined that IGC operates in a single operating segment.  While the CEO reviews the consolidated financial information for the purposes of decisions relating to resource allocation, the CFO, on a need basis, looks at the financial statements of the individual legal entities in India for the limited purpose of consolidation.  Given the existence of discrete financial statements at an individual entity level in India, the Company believes that each of these entities constitute a separate reporting unit under a single operating segment.
In FYE 2013, the Company acquired 23% ownership of its Indian Subsidiary –Techni Bharathi Pvt. Ltd. from the promoters and combined with its previous purchase holds 100% ownership in Techni Bharathi Pvt. Ltd. Therefore, the first step in the impairment testing for goodwill is the identification of reporting units and the allocation of goodwill to these reporting units.  Accordingly, TBL, which is one of the legal entities, is also considered a separate reporting unit and therefore the Company believes that the assessment of goodwill impairment at the subsidiary level, which is also a reporting unit, is appropriate.
The analysis of fair value is based on the estimate of the recoverable value of the underlying assets.  For long-lived assets such as land, the Company obtains appraisals from independent professional appraisers to determine the recoverable value.  For other assets such as receivables, the recoverable value is determined based on an assessment of the collectability and any potential losses due to default by the counter parties.  Unlike goodwill, long-lived assets are assessed for impairment only where there are any specific indicators for impairment.
w)  Reclassifications
None.
x)  Recently issued and adopted accounting pronouncements
Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates ("ASUs”) to the FASB's Accounting Standards Codification.  The Company considers the applicability and impact of all ASUs.  Newly issued ASUs not listed below are expected to have no impact on the Company’s consolidated financial position and results of operations, because either the ASU is not applicable or the impact is expected to be immaterial.
Effective January 1, 2012, Company adopted amendments from the FASB to Fair Value Accounting. The amendments clarify the application of the highest and best use, and valuation premise concepts, preclude the application of "blockage factors" in the valuation of all financial instruments and include criteria for applying the fair value measurement principles to portfolios of financial instruments. The amendments also prescribe additional disclosures for Level 3 fair value measurements and financial instruments not carried at fair value. The adoption of this guidance did not have a material impact on Company's consolidated financial position or results of operations.
In December 2011, the FASB issued new accounting disclosure requirements about the nature and exposure of offsetting arrangements related to financial and derivative instruments. The requirements are effective for fiscal years beginning after January 1, 2013, which for us is the fiscal year ending March 2014. The adoption of this guidance will not have a material impact on Company's consolidated financial position or results of operations.
In September 2011, the FASB issued an Accounting Standards Update that permits companies to assess qualitative factors to determine if it is more-likely-than-not that goodwill is impaired before performing the two-step goodwill impairment test required under current accounting standards. The guidance is effective for us beginning in the first quarter of fiscal 2013, with early adoption permitted. The adoption of this standard will not impact our financial results.
In June 2011, the FASB issued ASU 2011-05, which is now part of ASC 220: “Presentation of Comprehensive Income".  The new guidance will require companies to present the components of net income and other comprehensive income either as one continuous statement or as two consecutive statements.  It eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity.  The standard does not change the items, which must be reported in other comprehensive income.  These provisions are to be applied retrospectively and will be effective for us as of January 1, 2012.  Because this guidance impacts presentation only, it has no effect on our financial condition, results of operations or cash flows.
In May 2011, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2011-04, “Fair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS”.  This update defines fair value, clarifies a framework to measure fair value and requires specific disclosures of fair value measurements.  The guidance is effective for interim and annual reporting periods beginning after January 1, 2012 and is required to be applied retrospectively.  The adoption of this guidance did not have a material impact on Company’s consolidated financial position or results of operations.
In April 2011, the Financial Accounting Standards Board (the "FASB") issued new accounting guidance that addresses effective control in repurchase agreements and eliminated the requirement for entities to consider whether the transferor/seller has the ability to repurchase the financial assets in a repurchase agreement. This new accounting guidance was effective, on a prospective basis, for new transactions or modifications to existing transactions, on January 1, 2012. The adoption of this guidance did not have a material impact on Company's consolidated financial position or results of operations.

NOTE_3_OTHER_CURRENT_AND_NONCU

NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS	9 Months Ended
	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]	'
Other Assets Disclosure [Text Block]	'
	NOTE 3 – OTHER CURRENT AND NON-CURRENT ASSETS
	The $5,109,057 investments in former affiliates relates to Sricon. On June 21, 2012, IGC entered into a Memorandum of Settlement (the “MoS”) with Sricon and related parties, pursuant to which the Company gave up the 22% minority interest in Sricon in exchange for approximately 5 acres of land in Nagpur. The settlement is expected to close by the end of this year.
	Prepaid expenses and other current assets consist of the following:
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Prepaid /preliminary expenses	$	718	$	3,053
	Advance to suppliers & services		563,113		737,199
	Security/statutory  advances		48,394		65,369
	Advances to employees		1,016,299		905,219
	Prepaid /accrued interest		662		2,825
	Deposit and other current assets		152,405		16,849
	Total	$	1,781,591	$	1,730,514
	* Advances to Employees represent advances made to employees of Ironman by Ironman, prior to its acquisition by IGC.
	Other non-current assets consist of the following:
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Sundry Debtors  - old	$	0	$	11,318
	Other Advance - old		400,339		454,787
	Total	$	400,339	$	466,105

NOTE_4_ACCOUNTS_RECEIVABLES

NOTE 4 - ACCOUNTS RECEIVABLES	9 Months Ended
	Dec. 31, 2013
Receivables [Abstract]	'
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	'
	NOTE 4 – ACCOUNTS RECEIVABLES
	The accounts receivable, net of allowances, amounted to $890,134 and $1,066,650, as of December 31, 2013 and March 31, 2013, respectively.  The accounts receivable net of reserves for the quarter ended December 31, 2013 comes primarily from iron ore traders associated with our iron ore business. The Company maintains an allowance for doubtful accounts based on present and prospective financial condition of the customer and the inherent credit risk.  Accounts receivable are not pledged.

NOTE_6_OTHER_CURRENT_AND_NONCU

NOTE 6 - OTHER CURRENT AND NON-CURRENT LIABILITIES	9 Months Ended
	Dec. 31, 2013
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]	'
Other Liabilities Disclosure [Text Block]	'
	NOTE 6 – OTHER CURRENT AND NON-CURRENT LIABILITIES
	Other current liabilities consist of the following:
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Statutory payables	$	4,017	$	18,139
	Employee related liabilities		45,591		49,751
	Other liabilities /expenses payable		179,335		242,729
	Total	$	228,943	$	310,619
	Other non-current liabilities consist of the following:
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Creditors  - old	$	38,792	$	51,864
	Special reserve		617,499		601,524
	Total	$	656,291	$	653,388
	Sundry creditors consist primarily of creditors to whom amounts are due for supplies and materials received in the normal course of business.

NOTE_7_FAIR_VALUE_OF_FINANCIAL

NOTE 7 - FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	NOTE 7 – FAIR VALUE OF FINANCIAL INSTRUMENTS
	The fair value of the Company’s current assets and current liabilities approximate their carrying value because of their short-term nature.  Such financial instruments are classified as current and are expected to be liquidated within the next twelve months.

NOTE_8_INTANGIBLE_ASSETS_AND_G

NOTE 8 - INTANGIBLE ASSETS AND GOODWILL	9 Months Ended
	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets Disclosure [Text Block]	'
	NOTE 8 – INTANGIBLE ASSETS AND GOODWILL
	The movement in intangible assets and goodwill is given below.
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Balance at the beginning of the period	$	592,274	$	4,803,828
	Adjustment form Ironman acquisition		-		(3,849,877	)
	Impairment of goodwill		-		(301,141	)
	Effect of foreign exchange translation		-		(60,536	)
	Total	$	592,274	$	592,274

NOTE_9_NOTES_PAYABLE_AND_LOANS

NOTE 9 - NOTES PAYABLE AND LOANS - OTHERS	9 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	NOTE 9 – NOTES PAYABLE AND LOANS - OTHERS
	As reported previously, the Company has an unsecured Note Payable to Bricoleur Partners, L. P. in the amount of $1,800,000 promissory note (“2012 Security”), due July 31, 2014. Contractually the Company makes a penalty payment (booked under interest payment) of 17,100 shares of common stock for each month the loan remains unpaid.  No other "interest" payment is made on the loan.
	One of our previous directors has loaned the Company, on an unsecured basis, working capital of $40,000 at 10% annual interest payable on April 25, 2014.  The Company has two loans with a commercial bank the first is for $100,000 at an interest rate of 3.75% the second is for $150,000 at an interest rate of 3.25%.  Both loans are revolving interest only loans guaranteed by our CEO.

NOTE_10_RELATED_PARTY_TRANSACT

NOTE 10 - RELATED PARTY TRANSACTIONS	9 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 10 – RELATED PARTY TRANSACTIONS
	Please also see Note 9 - NOTES PAYABLE AND LOANS - OTHERS.

NOTE_11_COMMITMENTS_AND_CONTIN

NOTE 11 - COMMITMENTS AND CONTINGENCY	9 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	NOTE 11 – COMMITMENTS AND CONTINGENCY
	No significant commitments and contingencies were made or incurred during the three months ended December 31, 2013.

NOTE_12_PROPERTY_PLANT_AND_EQU

NOTE 12 - PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	NOTE 12 – PROPERTY, PLANT AND EQUIPMENT
	Property, plant and equipment consist of the following:
	Category	Useful Life (years)	Period Ended December 31, 2013			Year Ended March 31, 2013
	Land	N/A	$	12,069		$	12,069
	Building (flat)	25		1,295,224			1,328,413
	Plant and machinery	20		9,316,018			9,396,659
	Computer equipment	3		216,747			217,659
	Office equipment	5		165,342			166,924
	Furniture and fixtures	5		120,395			121,943
	Vehicles	5		566,956			569,352
	Assets under construction	N/A		4,275,024			4,288,469
	Total		$	15,967,775		$	16,101,488
	Less: Accumulated depreciation		$	(8,236,147	)	$	(7,917,258	)
	Net Assets		$	7,731,628		$	8,184,230
	Depreciation and amortization expense for the nine months ended December 31, 2013 and 2012 was $444,852 and $463,503, respectively.  Capital work-in-progress represents advances paid towards the acquisition of property and equipment and the cost of property and equipment not put to use before the balance sheet date.

NOTE_13_STOCKBASED_COMPENSATIO

NOTE 13 - STOCK-BASED COMPENSATION	9 Months Ended
	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	NOTE 13 – STOCK-BASED COMPENSATION
	On April 1, 2009 the Company adopted ASC 718, “Compensation-Stock Compensation” (previously referred to as SFAS No. 123 (revised 2004), Share Based Payment).  ASC 718 requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values.  In fiscal year ended March 31, 2013 the Company issued 625,148 shares of common stock.  As of December 31, 2013, under the 2008 Omnibus Plan, 269,345 stock options and 779,103 shares of common stock have been awarded. As of December 31, 2013, no shares of common stock remain available for future grants of options or stock awards. Disclosures relating to the common shares and options and warrants reflect a 10:1 reverse split that was affected on April 19, 2013.

NOTE_14_COMMON_STOCK

NOTE 14 - COMMON STOCK	9 Months Ended
	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 14 – COMMON STOCK
	Currently, the Company has two securities listed on the NYSE MKT: (1) Common Stock, $.0001 par value (ticker symbol: IGC) (“Common Stock”) and (2) redeemable warrants to purchase Common Stock (ticker symbol: IGC.WT). As reported on Form 8-K on February 5, 2013, the Company voluntarily delisted the units from the NYSE MKT and requested its unit holders to contact IGC to get the existing units separated into Common Stock and Warrants.  Each warrant entitles the holder to purchase one share of Common Stock at an exercise price of $5.00.  The warrants expire on March 6, 2015.
	The registration statement for the initial public offering was declared effective on March 2, 2006.
	Effective March 31, 2013, the Company and Bricoleur Partners, L. P. agreed to amend the outstanding $1,800,000 promissory note (“2012 Security”), subject to the same terms of the 2012 Agreement, to extend the maturity date of the 2012 Security from December 31, 2012 to July 31, 2014.  During the quarter ended December 31, 2013, the Company issued 51,300 shares valued at $47,880 to this debt holder, which constituted an element of repayment of interest.
	During the three months ended December 31, 2013, the Company also issued 30,000 shares of Common Stock to Medical Marketing Group (MMGI) valued at $31,200 for investor relations related services rendered.
	On August 22, 2013, IGC entered into an At The Market (“ATM”) Agency Agreement with Enclave Capital LLC. Under the ATM Agency Agreement, IGC may offer and sell shares of our common stock having an aggregate offering price of up to $4 million from time to time. Sales of the shares, if any, will be made by means of ordinary brokers’ transactions on the NYSE MKT at market prices, or as otherwise agreed with Enclave. The Company estimates that the net proceeds from the sale of the shares of common stock that are being offered will be approximately $3.6 million. IGC intends to use the net proceeds from the sale of securities offered for working capital needs, repayment of indebtedness, and other general corporate purposes. During the three months ended December 31, 2013, the Company issued 418,193 shares of common stock valued at $404,869 under this agreement.
	Further, pursuant to IGC’s employee stock option plan, the Company has issued 269,345 stock options at an average exercise price of $7.80, all of which are outstanding as of December 31, 2013. The Company has also issued a total of 146,073 shares to some of its directors and employees.  As of December 31, 2013, IGC has 7,980,919 shares of Common Stock issued and outstanding.  Disclosures relating to the common shares and options and warrants reflect a 10:1 reverse split that was effected on April 19, 2013.

NOTE_15_INCOME_TAXES

NOTE 15 - INCOME TAXES	9 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	NOTE 15 – INCOME TAXES
	The Company adopted ASC 740, Accounting for Uncertainty in Income Taxes. In assessing the recoverability of its deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets is dependent on the generation of future taxable income during the periods in which those temporary differences become deductible. The management considers historical and projected future taxable income, and tax planning strategies in making this assessment.
	The Company’s effective tax rate was 0% for the quarters ending December 31, 2013 and December 31, 2012. The Company has US deferred tax assets which have been offset by valuation allowance because of historical and expected losses.  As the Company reverses its losses and becomes profitable, we will reassess the likelihood of recovering a portion or all of the deferred tax assets.  The remaining balance of deferred tax assets, which appear on the balance sheet, are from foreign based operations in which utilization is highly probable in offsetting  future foreign income taxes.
	The Company recorded an income tax expense of $1,885 resulting from operational results of its foreign entities for the three-month period ending December 31, 2013 as compared to a tax expense of $453 for the three month period ended December 31, 2012. As of December 31, 2013 and 2012, there was no significant liability for income tax associated with unrecognized tax benefits.

NOTE_16_SEGMENT_INFORMATION

NOTE 16 - SEGMENT INFORMATION	9 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	NOTE 16 – SEGMENT INFORMATION
	Accounting pronouncements establish standards for the manner in which public companies report information about operating segments in annual and interim financial statements. Operating segments are component of an enterprise that have distinct financial information available and evaluated regularly by the chief operating decision-maker ("CODM") to decide how to allocate resources and evaluate performance. The Company's CODM is considered to be the Company's chief executive officer ("CEO"). The CEO reviews financial information presented on an entity level basis for purposes of making operating decisions and assessing financial performance. Therefore, the Company has determined that it operates in a single operating and reportable segment.

NOTE_17_INVESTMENTS_OTHERS

NOTE 17 - INVESTMENTS - OTHERS	9 Months Ended
	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]	'
Cost and Equity Method Investments Disclosure [Text Block]	'
	NOTE 17 – INVESTMENTS – OTHERS
	Investments – others for each of the periods ended December 31, 2013 and March 31, 2013 consist of the following:
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Investment in equity shares of an unlisted company	$	48,450	$	55,026
	Investment in partnership				28,463
	Total	$	48,450	$	83,489

NOTE_18_OTHER_INCOME

NOTE 18 - OTHER INCOME	9 Months Ended
	Dec. 31, 2013
Other Income and Expenses [Abstract]	'
Other Income and Other Expense Disclosure [Text Block]	'
	NOTE 18 – OTHER INCOME
	Other income for the three-month and nine-month period ended December 31, 2013 contains certain foreign exchange gains/losses arising on account of re-measurement of certain intercompany receivables between the U.S. holding company and the foreign subsidiaries. The total foreign exchange gain/loss for the three-month and nine-month periods ended December 31, 2013 amounted to $33,078 and ($322,682) respectively.

NOTE_19_IMPAIRMENT

NOTE 19 - IMPAIRMENT	9 Months Ended
	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]	'
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	'
	NOTE 19 – IMPAIRMENT
	No impairment was made on the Company’s investments during the fiscal quarter ended December 31, 2013.

NOTE_20_RECONCILIATION_OF_EPS

NOTE 20 - RECONCILIATION OF EPS	9 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	NOTE 20 – RECONCILIATION OF EPS
	The historical weighted average per share for our shares through December 31, 2013, was applied using the treasury method of calculating the fully diluted shares.  The weighted average number of shares outstanding as of December 31, 2013 and 2012 used for the computation of basic EPS is 7,734,444 and 6,006,174, respectively. Due to the loss incurred during the three-month the period ending December 31, 2013, all of the potential equity shares are anti-dilutive and accordingly, the fully diluted EPS is equal to the basic EPS. Disclosures relating to the common shares and options and warrants reflect a 10:1 reverse split that was effected on April 19, 2013.

NOTE_21_CERTAIN_AGED_RECEIVABL

NOTE 21 - CERTAIN AGED RECEIVABLES	9 Months Ended
	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]	'
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block]	'
	NOTE 21 – CERTAIN AGED RECEIVABLES
	The receivable and other assets as of December 31, 2013 and March 31, 2013, include certain aged receivables in the amount of $0.5 million.  The aged receivables in fiscal year ended March 31, 2013 are due from the Cochin International Airport.  Cochin International Airport is partially owned by the State Government of Kerala.  The receivables have been due for periods in excess of one year as of December 31, 2013. This receivable has been classified as current because the arbitration process has concluded and ruling was given in our favor.  Our policy is to recognize disputed receivables once we win an arbitration award. The costs associated with the revenue are recognized in the period that they are incurred. Between the arbitration award and collection of the receivable we follow up with the customer in an effort to enforce the arbitration award.  Specifically, in the case of the Cochin International Airport the customer is partially owned by the State Government with very little risk of default.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	9 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	a)  Basis of preparation of financial statements
	The Company has prepared the accompanying unaudited Condensed Consolidated Financial Statements (“Financial Statements”) in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information.  Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles (“GAAP”) for complete financial statements.  Therefore, the Financial Statements should be read in conjunction with the audited Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013 filed with the SEC on July 16, 2013.  In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included in the Financial Statements.  The results for interim periods do not necessarily indicate the results that may be expected for any other interim period or for the full year. The significant accounting policies adopted by the Company, in respect of these consolidated financial statements, are set out below. The Company’s current fiscal year ends on March 31, 2014.
Consolidation, Policy [Policy Text Block]	'
	b)  Principles of consolidation
	The consolidated financial statements include the accounts of the Company and all of its subsidiaries that are more than 50% owned and controlled. The financial statements of the parent company and its majority owned or controlled subsidiaries have been combined on a line by line basis by adding together the book values of all items of assets, liabilities, incomes and expenses after eliminating all inter-company balances and transactions and resulting unrealized gain or loss. Operating results of companies acquired are included from the dates of acquisition.
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]	'
	c)  Non-controlling interests
	Non-controlling interests in the Company’s consolidated financial statements result from the accounting for non-controlling interests in its subsidiaries.  Non-controlling interests represent the subsidiaries’ earnings and components of other comprehensive income that are attributed to the non-controlling parties’ equity interests.  The Company consolidates the subsidiaries into its consolidated financial statements.  Transactions between the Company and its subsidiaries have been eliminated in the consolidated financial statements.
	The Company accounts for investments by the equity method where its investment in the voting stock gives it the ability to exercise significant influence over the investee but not control.  In situations, such as the Company’s ownership interest in Sricon Infrastructure Private Limited (“Sricon”), wherein the Company is not able to exercise significant influence in spite of having 20% or more of the voting stock, the Company has accounted for the investment based on the cost method.  In addition, the Company consolidates any Variable Interest Entity (“VIE”) if it is determined to be the primary beneficiary.  However, as of December 31, 2013, the Company does not have any interest in any VIE or equity method investment.
	The non-controlling interest disclosed in the accompanying unaudited interim consolidated financial statements represents the non-controlling interest in Ironman and the profits or losses associated with the non-controlling interest in those operations.
	The adoption of Accounting Standards Codification (ASC) 810-10-65 "Consolidation — Transition and Open Effective Date Information" (previously referred to as SFAS No. 160, "Non-controlling Interests in Consolidated Financial Statements, an amendment of ARB No. 51"), has resulted in the reclassification of amounts previously attributable to minority interest (now referred to as non-controlling interest) to a separate component of shareholders’ equity on the accompanying consolidated balance sheets and consolidated statements of shareholders’ equity and comprehensive income (loss).  Additionally, net income attributable to non-controlling interest is shown separately from net income in the consolidated statements of income.  This reclassification had no effect on our previously reported financial position or results of operations.
Use of Estimates, Policy [Policy Text Block]	'
	d)  Use of estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Management believes that the estimates and assumptions used in the preparation of the consolidated financial statements are prudent and reasonable.  Significant estimates and assumptions are used for, but not limited to: allowance for uncollectible accounts receivable; future obligations under employee benefit plans; the useful lives of property, plant, equipment; intangible assets; the valuation of assets and liabilities acquired in a business combination; impairment of goodwill and investments; recoverability of advances; the valuation of options granted and warrants issued; and income tax and deferred tax valuation allowances.  Actual results could differ from those estimates.  Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates.  Critical accounting estimates could change from period to period and could have a material impact on IGC’s results, operations, financial position and cash flows.
	Changes in estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the consolidated financial statements.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	'
	e)  Foreign currency translation
	IGC mainly operates in India and China and a substantial portion of the Company’s sales are denominated in INR and RMB. As a result, changes in the relative values of the U.S. dollar and INR or the RMB affect revenues and profits as the results are translated into U.S. dollars in the consolidated and pro forma financial statements.
	The accompanying financial statements are reported in U.S. dollars. The INR and the RMB are the functional currencies for the Company. The translation of the functional currencies into U.S. dollars is performed for assets and liabilities using the exchange rates in effect at the balance sheet date and for revenues, costs and expenses using average exchange rates prevailing during the reporting periods. Adjustments resulting from the translation of functional currency financial statements to reporting currency are accumulated and reported as other comprehensive income/(loss), a separate component of shareholders’ equity.
Revenue Recognition, Policy [Policy Text Block]	'
	f)  Revenue recognition
	The majority of the revenue recognized for the three month period ended December 31, 2013 and 2012 was derived from the Company’s subsidiaries, when all of the following criteria have been satisfied:
	Revenue is recognized when persuasive evidence of an arrangement exists, the sales price is fixed or determinable and collectability is reasonably assured.  In government contracting, the Company recognizes revenue when a government consultant verifies and certifies an invoice for payment.
	Revenue from sale of goods is recognized when substantial risks and rewards of ownership are transferred to the buyer under the terms of the contract.
	For the sale of goods, the timing of the transfer of substantial risks and rewards of ownership is based on the contract terms negotiated with the buyer, e.g., FOB or CIF.  IGC considers the guidance provided under Staff Accounting Bulletin (“SAB”) 104 in determining revenue from sales of goods.  Considerations have been given to all four conditions for revenue recognition under that guidance.  The four conditions are:
		· Contract – Persuasive evidence of our arrangement with the customers;
		· Delivery – Based on the terms of the contracts, the Company assesses whether the underlying goods have been delivered and therefore the risks and rewards of ownership are completely transferred;
		· Fixed or determinable price – The Company enters into contracts where the price for the goods being sold is fixed and not contingent upon other factors.
		· Collection is deemed probable – At the time of recognition of revenue, the Company makes an assessment of its ability to collect the receivable arising on the sale of the goods and determines that collection is probable.
	Revenue for any sale is recognized only if all of the four conditions set forth above are met.  The Company assesses these criteria at the time of each sale.  In the absence of meeting any of the criteria set out above, the Company defers revenue recognition until all of the four conditions are met.
	Specifically, our beneficiation plants in Inner Mongolia have two processes for refining iron ore.  The first, a dry process, takes low-grade iron ore and magnetically separates it into a higher-grade iron ore.  This is then fed into a wet process that further refines the iron ore into high-grade iron ore (finished product) that is sold to steel factories. Typically, revenue is recognized when the finished product is sold and meets the criteria set out above.  Our customers, typically, buy the finished product on a spot basis with a deposit and a 60-day payment term, or in some cases for cash on delivery.   In cases where iron ore is shipped from India to a customer in China, as an example, a typical CIF contract pays 95% at the time that the ship leaves port and the remaining 5% when the iron ore passes inspection in China. Therefore 95% of the revenue is recognized first and the remaining 5% is recognized later, and can take up to 90 days. CIF contracts are guaranteed by letters of credit from the customer.
	Revenue from construction/project related activity and contracts for supply/commissioning of complex plant and equipment is recognized as follows:
		a)	Cost plus contracts: Contract revenue is determined by adding the aggregate cost plus proportionate margin as agreed with the customer and expected to be realized.
		b)	Fixed price contracts: Contract revenue is recognized using the percentage completion method and the percentage of completion is determined as a proportion of cost incurred-to-date to the total estimated contract cost.  Changes in estimates for revenues, costs to complete, and profit margins are recognized in the period in which they are reasonably determinable.
	§	In many of the fixed price contracts entered into by the Company, significant expenses are incurred in the mobilization stage in the early stages of the contract.  The expenses include those that are incurred in the transportation of machinery, erection of heavy machinery, clearing of the campsite, workshop ground cost, overheads, etc.  All such costs are booked to deferred expenses and written off over the period in proportion to revenues earned.
	§	Where the modifications of the original contract are such that they effectively add to the existing scope of the contract, the same are treated as a change orders.  On the other hand, where the modifications are such that they change or add an altogether new scope, these are accounted for as a separate new contract.  The Company adjusts contract revenue and costs in connection with change orders only when both, the customer and the Company with respect to both the scope and invoicing and payment terms, approve them.
	§	In the event of claims in our percentage of completion contracts, the additional contract revenue relating to claims is only accounted after the proper award of the claim by the competent authority.  The contract claims are considered in the percentage of completion only after the proper award of the claim by the competent authority.
	Full provision is made for any loss in the period in which it is foreseen.
	Revenue from service related activities and miscellaneous other contracts are recognized when the service is rendered using the proportionate completion method or completed service contract method.
Receivables, Policy [Policy Text Block]	'
	g)  Accounts receivable
	We make estimates of the collectability of our accounts receivable by analyzing historical payment patterns, customer concentrations, customer credit-worthiness, and current economic trends.  If the financial condition of a customer deteriorates, additional allowances may be required.
Inventory, Policy [Policy Text Block]	'
	h) Inventories
	We provide for inventory obsolescence, excess inventory and inventories with carrying values in excess of market values based on our assessment of the future demands, market conditions and our specific inventory management procedures.  If market conditions and actual demands are less favorable than our estimates, additional inventory write-downs may be required.  In all cases inventory is carried at the lower of historical cost or market value.
Investment, Policy [Policy Text Block]	'
	i)  Investments
	Investments are initially measured at cost, which is the fair value of the consideration given for them, including transaction costs.  The Company's equity in the earnings/(losses) of affiliates is included in the statement of income and the Company's share of net assets of affiliates is included in the balance sheet.  Where the Company’s ownership interest in spite of being in excess of 20% is not sufficient to exercise significant influence, the Company has accounted for the investment based on the cost method.
Property, Plant and Equipment, Policy [Policy Text Block]	'
	j)  Property, Plant and Equipment (PP&E)
	Property and equipment are recorded at cost net of accumulated depreciation and depreciated over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows:
	Buildings	5-25 years
	Plant and machinery	10-20 years
	Computer equipment	3-5 years
	Office equipment	3-5 years
	Furniture and fixtures	5-10 years
	Vehicles	5-10 years
	Upon retirement or disposition, cost and related accumulated depreciation of the property and equipment are de-recognized from the books of accounts and the gain or loss is reflected in the results of operation.  Cost of additions and substantial improvements to property and equipment are capitalized in the books of accounts.  The cost of maintenance and repairs of the property and equipment are charged to operating expenses as incurred.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	'
	k)  Impairment of long – lived assets
	The Company reviews its long-lived assets, with finite lives, for impairment whenever events or changes in business circumstances indicate that the carrying amount of assets may not be fully recoverable.  Such circumstances include, though are not limited to, significant or sustained declines in revenues or earnings, future anticipated cash flows, business plans and material adverse changes in the economic climate, such as changes in operating environment, competitive information, impact of change in government policies, etc.  For assets that the Company intends to hold for use, if the total of the expected future undiscounted cash flows produced by the assets or subsidiary company is less than the carrying amount of the assets, a loss is recognized for the difference between the fair value and carrying value of the assets.  For assets the Company intends to dispose of by sale, a loss is recognized for the amount by which the estimated fair value less cost to sell is less than the carrying value of the assets.  Fair value is determined based on quoted market prices, if available, or other valuation techniques including discounted future net cash flows.
Earnings Per Share, Policy [Policy Text Block]	'
	l)  Earnings per common share
	Basic earnings per share is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the additional dilution from all potentially dilutive securities such as stock warrants and options.
Income Tax, Policy [Policy Text Block]	'
	m)  Income taxes
	The Company accounts for income taxes under the asset and liability method, in accordance with ASC 740, Income Taxes, which requires an entity to recognize deferred tax liabilities and assets.  Deferred tax assets and liabilities are recognized for the future tax consequence attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their tax bases and operating loss and tax credit carry forwards.  Deferred tax assets and liabilities are measured using the enacted tax rate expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date.  A valuation allowance is established and recorded when management determines that some or all of the deferred tax assets are not likely to be realized and therefore, it is necessary to reduce deferred tax assets to the amount expected to be realized.
	In evaluating a tax position for recognition, management evaluates whether it is more-likely-than-not that a position will be sustained upon examination, including resolution of related appeals or litigation processes, based on technical merits of the position.  If the tax position meets the more-likely-than-not recognition threshold, the tax position is measured and recognized in the Company’s financial statements as the largest amount of tax benefit that, in management’s judgment, is greater than 50% likely of being realized upon settlement.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	n) Cash and cash equivalents
	For financial statement purposes, the Company considers all highly liquid debt instruments with maturity of three months or less, to be cash equivalents.  The Company maintains its cash in bank accounts in the United States of America, Mauritius, India and China, which at times may exceed applicable insurance limits.  The Company has not experienced any losses in such accounts.  The Company believes it is not exposed to any significant credit risk on cash and cash equivalent.  The Company does not invest its cash in securities that have an exposure to U.S. mortgages.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	'
	o)  Restricted cash
	Restricted cash consists of deposits pledged to various government authorities and deposits used as collateral with banks for guarantees and letters of credit, given by the Company to its customers or vendors.
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	p)  Fair value of financial instruments
	As of December 31, 2013 and March 31, 2013, the carrying amounts of the Company's financial instruments, which included cash and cash equivalents, accounts receivable, unbilled accounts receivable, restricted cash, accounts payable, accrued employee compensation and benefits and other accrued expenses, approximate their fair values due to the nature of the items.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	'
	q)  Concentration of credit risk and significant customers
	Financial instruments, which potentially expose the Company to concentrations of credit risk, are primarily comprised of cash and cash equivalents, investments, derivatives, accounts receivable and unbilled accounts receivable.  The Company places its cash, investments and derivatives in highly rated financial institutions.  The Company adheres to a formal investment policy with the primary objective of preservation of principal, which contains credit rating minimums and diversification requirements.  Management believes its credit policies reflect normal industry terms and business risk.  The Company does not anticipate non-performance by the counterparties and, accordingly, does not require collateral.
	A significant portion of the Company’s sales in China is to key customers.  Five of such customers accounted for approximately 90% of gross accounts receivable as of December 31, 2013.
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	'
	r) Leased mineral rights
	In China, costs to obtain leased mineral rights are capitalized and amortized to operations as depletion expense within the leased periods, using the straight-line method.  Depletion expenses are included in depreciation and amortization on the accompanying statement of operations.
Business Combinations Policy [Policy Text Block]	'
	s)  Business combination
	In accordance with ASC Topic 805, Business Combinations, the Company uses the purchase method of accounting for all business combinations consummated after June 30, 2001.  Intangible assets acquired in a business combination are recognized and reported apart from goodwill if they meet the criteria specified in ASC Topic 805.  Any purchase price allocated to an assembled workforce is not accounted separately.
Postemployment Benefit Plans, Policy [Policy Text Block]	'
	t)  Employee benefits plan
	In accordance with applicable Indian laws, the Company provides for gratuity, a defined benefit retirement plan (Gratuity Plan) covering certain categories of employees.  The Gratuity Plan provides a lump sum payment to vested employees, at retirement or termination of employment, an amount based on the respective employee’s last drawn salary and the years of employment with the Company.  In addition, all employees receive benefits from a provident fund, a defined contribution plan.  The employee and employer each make monthly contributions to the plan equal to 12% of the covered employee’s salary.  The contribution is made to the Government’s provident fund.
	At this time the Company doesn’t participate in a multi-employer defined contribution plan in China to provide employees with certain retirement, medical and other fringe benefits because most of our workers are contractors employed through agencies or other companies.
Commitments and Contingencies, Policy [Policy Text Block]	'
	u)  Commitments and contingencies
	Liabilities for loss contingencies arising from claims, assessments, litigations, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment and/or remediation can be reasonably estimated.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	'
	v)  Accounting for goodwill and related impairment
	Goodwill represents the excess cost of an acquisition over the fair value of our share of net identifiable assets of the acquired subsidiary at the date of acquisition.  Goodwill on acquisition of subsidiaries is disclosed separately.  Goodwill is stated at cost less impairment losses incurred, if any.
	The Company adopted the provisions of Accounting Standards Codification (“ASC”) 350, “Intangibles – Goodwill and Others” (previously referred to as SFAS No. 142, "Goodwill and Other Intangible Assets," which sets forth the accounting for goodwill and intangible assets subsequent to their acquisition.  ASC 350 requires that goodwill and indefinite-lived intangible assets be allocated to the reporting unit level, which the Company defines as each subsidiary.  ASC 350 also prohibits the amortization of goodwill and indefinite-lived intangible assets upon adoption, but requires that they be tested for impairment at least annually, or more frequently as warranted, at the reporting unit level.
	As per ASC 350-20-35-4 through 35-19, the impairment testing of goodwill is a two-step process.  The first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of a reporting unit with its carrying amount, including goodwill.  If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired, thus the second step of the impairment test is unnecessary.  If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test shall be performed to measure the amount of impairment loss, if any.  The second step of the goodwill impairment test, used to measure the amount of impairment loss, compares the implied fair value of reporting unit goodwill with the carrying amount of that goodwill.  If the carrying amount of reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss shall be recognized in an amount equal to that excess.  The loss recognized cannot exceed the carrying amount of goodwill.  After a goodwill impairment loss is recognized, the adjusted carrying amount of goodwill shall be its new accounting basis.  Subsequent reversal of a previously recognized goodwill impairment loss is prohibited once the measurement of that loss is completed.
	In ASC 350.20.20, a reporting unit is defined as an operating segment or one level below the operating segment.  A component of an operating segment is a reporting unit if the component constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that component.  The Company has determined that IGC operates in a single operating segment.  While the CEO reviews the consolidated financial information for the purposes of decisions relating to resource allocation, the CFO, on a need basis, looks at the financial statements of the individual legal entities in India for the limited purpose of consolidation.  Given the existence of discrete financial statements at an individual entity level in India, the Company believes that each of these entities constitute a separate reporting unit under a single operating segment.
	In FYE 2013, the Company acquired 23% ownership of its Indian Subsidiary –Techni Bharathi Pvt. Ltd. from the promoters and combined with its previous purchase holds 100% ownership in Techni Bharathi Pvt. Ltd. Therefore, the first step in the impairment testing for goodwill is the identification of reporting units and the allocation of goodwill to these reporting units.  Accordingly, TBL, which is one of the legal entities, is also considered a separate reporting unit and therefore the Company believes that the assessment of goodwill impairment at the subsidiary level, which is also a reporting unit, is appropriate.
	The analysis of fair value is based on the estimate of the recoverable value of the underlying assets.  For long-lived assets such as land, the Company obtains appraisals from independent professional appraisers to determine the recoverable value.  For other assets such as receivables, the recoverable value is determined based on an assessment of the collectability and any potential losses due to default by the counter parties.  Unlike goodwill, long-lived assets are assessed for impairment only where there are any specific indicators for impairment.
Reclassification, Policy [Policy Text Block]	'
	w)  Reclassifications
	None.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	x)  Recently issued and adopted accounting pronouncements
	Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates ("ASUs”) to the FASB's Accounting Standards Codification.  The Company considers the applicability and impact of all ASUs.  Newly issued ASUs not listed below are expected to have no impact on the Company’s consolidated financial position and results of operations, because either the ASU is not applicable or the impact is expected to be immaterial.
	Effective January 1, 2012, Company adopted amendments from the FASB to Fair Value Accounting. The amendments clarify the application of the highest and best use, and valuation premise concepts, preclude the application of "blockage factors" in the valuation of all financial instruments and include criteria for applying the fair value measurement principles to portfolios of financial instruments. The amendments also prescribe additional disclosures for Level 3 fair value measurements and financial instruments not carried at fair value. The adoption of this guidance did not have a material impact on Company's consolidated financial position or results of operations.
	In December 2011, the FASB issued new accounting disclosure requirements about the nature and exposure of offsetting arrangements related to financial and derivative instruments. The requirements are effective for fiscal years beginning after January 1, 2013, which for us is the fiscal year ending March 2014. The adoption of this guidance will not have a material impact on Company's consolidated financial position or results of operations.
	In September 2011, the FASB issued an Accounting Standards Update that permits companies to assess qualitative factors to determine if it is more-likely-than-not that goodwill is impaired before performing the two-step goodwill impairment test required under current accounting standards. The guidance is effective for us beginning in the first quarter of fiscal 2013, with early adoption permitted. The adoption of this standard will not impact our financial results.
	In June 2011, the FASB issued ASU 2011-05, which is now part of ASC 220: “Presentation of Comprehensive Income".  The new guidance will require companies to present the components of net income and other comprehensive income either as one continuous statement or as two consecutive statements.  It eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity.  The standard does not change the items, which must be reported in other comprehensive income.  These provisions are to be applied retrospectively and will be effective for us as of January 1, 2012.  Because this guidance impacts presentation only, it has no effect on our financial condition, results of operations or cash flows.
	In May 2011, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2011-04, “Fair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS”.  This update defines fair value, clarifies a framework to measure fair value and requires specific disclosures of fair value measurements.  The guidance is effective for interim and annual reporting periods beginning after January 1, 2012 and is required to be applied retrospectively.  The adoption of this guidance did not have a material impact on Company’s consolidated financial position or results of operations.
	In April 2011, the Financial Accounting Standards Board (the "FASB") issued new accounting guidance that addresses effective control in repurchase agreements and eliminated the requirement for entities to consider whether the transferor/seller has the ability to repurchase the financial assets in a repurchase agreement. This new accounting guidance was effective, on a prospective basis, for new transactions or modifications to existing transactions, on January 1, 2012. The adoption of this guidance did not have a material impact on Company's consolidated financial position or results of operations.

NOTE_1_OVERVIEW_Tables

NOTE 1 - OVERVIEW (Tables)	9 Months Ended
	Dec. 31, 2013
Disclosure Text Block [Abstract]	'
Schedule Of Subsidiaries [Table Text Block]	'The financial statements of the following subsidiaries have been considered for consolidation.
	Subsidiaries	Immediate	Country of	Percentage of holding		Percentage of holding
		holding company	Incorporation	as of Dec 31, 2013		as of March 31, 2013
	IGC – Mauritius	IGC	Mauritius		100		100
	("IGC-M")
	IGC HK Mining and Trading Limited	IGC-M	Hong Kong		100		100
	(“IGC-HK”)
	India Mining and Trading Private Limited	IGC-M	India		100		100
	("IGC-IMT")
	IGC Linxi Industrial and Trading Limited	IGC-HK	China		95		0
	(“IGC- Linxi”)
	IGC Logistic Private  Limited	IGC-M	India		100		100
	("IGC-LPL")
	IGC Materials Private Limited	IGC-M	India		100		100
	("IGC-MPL")
	H&F Ironman Limited	IGC	Hong Kong		100		100
	(“HK Ironman”)
	Linxi H&F Economic and Trade Co.	HK Ironman	Peoples’ Republic of China		95		95
	("PRC Ironman")
	Techni Bharathi  Private  Limited	IGC-M	India		100		100
	(“TBL”)

NOTE_2_SIGNIFICANT_ACCOUNTING_1

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Dec. 31, 2013
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Tables) [Line Items]	'
Foreign Currency Exchange Rates [Table Text Block]	'The exchange rates used for translation purposes are as follows:
	Period		Period End Average Rate	Period End Rate
			(P&L rate)	(Balance sheet rate)
	Three months ended December 31, 2012		INR 52.88 per USD	INR 54.86 per USD
			RMB 6.29 per USD	RMB 6.29 per USD
	Year ended March 31, 2013		INR 54.36 per USD	INR 54.52 per USD
			RMB 6.28 per USD	RMB 6.21 per USD
			HKD 7.77 per USD	HKD 7.76 per USD
	Three months ended December 31, 2013		INR 58.22 per USD	INR61.92 per USD
			RMB 6.13 per USD	RMB 6.05 per USD
			HKD7.75 per USD	HKD 7.75 per USD
Property, plant and equipment, estimated useful lives [Member]	'
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Tables) [Line Items]	'
Property, Plant and Equipment [Table Text Block]	'The estimated useful lives of assets are as follows:
	Buildings	5-25 years
	Plant and machinery	10-20 years
	Computer equipment	3-5 years
	Office equipment	3-5 years
	Furniture and fixtures	5-10 years
	Vehicles	5-10 years

NOTE_3_OTHER_CURRENT_AND_NONCU1

NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS (Tables)	9 Months Ended
	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]	'
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	'Prepaid expenses and other current assets consist of the following:
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Prepaid /preliminary expenses	$	718	$	3,053
	Advance to suppliers & services		563,113		737,199
	Security/statutory  advances		48,394		65,369
	Advances to employees		1,016,299		905,219
	Prepaid /accrued interest		662		2,825
	Deposit and other current assets		152,405		16,849
	Total	$	1,781,591	$	1,730,514
	* Advances to Employees represent advances made to employees of Ironman by Ironman, prior to its acquisition by IGC.
Schedule of Other Assets, Noncurrent [Table Text Block]	'Other non-current assets consist of the following:
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Sundry Debtors  - old	$	0	$	11,318
	Other Advance - old		400,339		454,787
	Total	$	400,339	$	466,105

NOTE_6_OTHER_CURRENT_AND_NONCU1

NOTE 6 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Tables)	9 Months Ended
	Dec. 31, 2013
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]	'
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	'Other current liabilities consist of the following:
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Statutory payables	$	4,017	$	18,139
	Employee related liabilities		45,591		49,751
	Other liabilities /expenses payable		179,335		242,729
	Total	$	228,943	$	310,619
Schedule Of Other Noncurrent Liabilities [TableTextBlock]	'Other non-current liabilities consist of the following:
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Creditors  - old	$	38,792	$	51,864
	Special reserve		617,499		601,524
	Total	$	656,291	$	653,388

NOTE_8_INTANGIBLE_ASSETS_AND_G1

NOTE 8 - INTANGIBLE ASSETS AND GOODWILL (Tables)	9 Months Ended
	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Intangible Assets and Goodwill [Table Text Block]	'The movement in intangible assets and goodwill is given below.
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Balance at the beginning of the period	$	592,274	$	4,803,828
	Adjustment form Ironman acquisition		-		(3,849,877	)
	Impairment of goodwill		-		(301,141	)
	Effect of foreign exchange translation		-		(60,536	)
	Total	$	592,274	$	592,274

NOTE_12_PROPERTY_PLANT_AND_EQU1

NOTE 12 - PROPERTY, PLANT AND EQUIPMENT (Tables) (Property, Plant and Equipment [Member])	9 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Member]	'
NOTE 12 - PROPERTY, PLANT AND EQUIPMENT (Tables) [Line Items]	'
Property, Plant and Equipment [Table Text Block]	'Property, plant and equipment consist of the following:
	Category	Useful Life (years)	Period Ended December 31, 2013			Year Ended March 31, 2013
	Land	N/A	$	12,069		$	12,069
	Building (flat)	25		1,295,224			1,328,413
	Plant and machinery	20		9,316,018			9,396,659
	Computer equipment	3		216,747			217,659
	Office equipment	5		165,342			166,924
	Furniture and fixtures	5		120,395			121,943
	Vehicles	5		566,956			569,352
	Assets under construction	N/A		4,275,024			4,288,469
	Total		$	15,967,775		$	16,101,488
	Less: Accumulated depreciation		$	(8,236,147	)	$	(7,917,258	)
	Net Assets		$	7,731,628		$	8,184,230

NOTE_17_INVESTMENTS_OTHERS_Tab

NOTE 17 - INVESTMENTS - OTHERS (Tables)	9 Months Ended
	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]	'
Investment [Table Text Block]	'Investments – others for each of the periods ended December 31, 2013 and March 31, 2013 consist of the following:
		Period Ended		Year Ended
		31-Dec-13		March 31, 2013
	Investment in equity shares of an unlisted company	$	48,450	$	55,026
	Investment in partnership				28,463
	Total	$	48,450	$	83,489

NOTE_1_OVERVIEW_Details

NOTE 1 - OVERVIEW (Details)	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
	Sricon Infrastructure Private Limited (Sricon) [Member]	Techni Bharathi Limited ("TBL") [Member]	Techni Bharathi Limited ("TBL") [Member]	IGC Linxi Industrial and Trading Limited ("IGC-Linxi") [Member]	IGC Linxi Industrial and Trading Limited ("IGC-Linxi") [Member]	Land in Nagpur [Member]
		Remaining Interest Acquired [Member]		USD ($)	CNY	acre
NOTE 1 - OVERVIEW (Details) [Line Items]	'	'	'	'	'	'
Equity Method Investment, Ownership Percentage	22.00%	23.10%	100.00%	'	'	'
Area of Land (in Acres)	'	'	'	'	'	5
Payments to Acquire Businesses and Interest in Affiliates (in Dollars)	'	'	'	$267.56	1,650	'
Payments to Acquire Businesses and Interest in Affiliates (in Yuan Renminbi)	'	'	'	$267.56	1,650	'

NOTE_1_OVERVIEW_Details_Schedu

NOTE 1 - OVERVIEW (Details) - Schedule of Subsidiaries	9 Months Ended
	Dec. 31, 2013	Mar. 31, 2013
IGC-Mauritius ("IGC-M") [Member]	'	'
NOTE 1 - OVERVIEW (Details) - Schedule of Subsidiaries [Line Items]	'	'
Immediate holding company	'IGC	'
Country of Incorporation	'Mauritius	'
Percentage of holding	100.00%	100.00%
IGC HK Mining and Trading Limited ("IGC-HK") [Member]	'	'
NOTE 1 - OVERVIEW (Details) - Schedule of Subsidiaries [Line Items]	'	'
Immediate holding company	'IGC-M	'
Country of Incorporation	'Hong Kong	'
Percentage of holding	100.00%	100.00%
IGC India Mining and Trading Private Limited ("IGC-IMT") [Member]	'	'
NOTE 1 - OVERVIEW (Details) - Schedule of Subsidiaries [Line Items]	'	'
Immediate holding company	'IGC-M	'
Country of Incorporation	'India	'
Percentage of holding	100.00%	100.00%
IGC Linxi Industrial and Trading Limited ("IGC-Linxi") [Member]	'	'
NOTE 1 - OVERVIEW (Details) - Schedule of Subsidiaries [Line Items]	'	'
Immediate holding company	'IGC-HK	'
Country of Incorporation	'China	'
Percentage of holding	95.00%	0.00%
IGC Logistic Private Limited ("IGC-LPL") [Member]	'	'
NOTE 1 - OVERVIEW (Details) - Schedule of Subsidiaries [Line Items]	'	'
Immediate holding company	'IGC-M	'
Country of Incorporation	'India	'
Percentage of holding	100.00%	100.00%
IGC Materials Private Limited ("IGC-MPL") [Member]	'	'
NOTE 1 - OVERVIEW (Details) - Schedule of Subsidiaries [Line Items]	'	'
Immediate holding company	'IGC-M	'
Country of Incorporation	'India	'
Percentage of holding	100.00%	100.00%
H&F Ironman Limited ("HK Ironman") [Member]	'	'
NOTE 1 - OVERVIEW (Details) - Schedule of Subsidiaries [Line Items]	'	'
Immediate holding company	'IGC	'
Country of Incorporation	'Hong Kong	'
Percentage of holding	100.00%	100.00%
Linxi H&F Economic and Trade Co. ("PRC Ironman") [Member]	'	'
NOTE 1 - OVERVIEW (Details) - Schedule of Subsidiaries [Line Items]	'	'
Immediate holding company	'HK Ironman	'
Country of Incorporation	'Peoples' Republic of China	'
Percentage of holding	95.00%	95.00%
Techni Bharathi Limited ("TBL") [Member]	'	'
NOTE 1 - OVERVIEW (Details) - Schedule of Subsidiaries [Line Items]	'	'
Immediate holding company	'IGC-M	'
Country of Incorporation	'India	'
Percentage of holding	100.00%	100.00%

NOTE_2_SIGNIFICANT_ACCOUNTING_2

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Dec. 31, 2013
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]	'
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	12.00%
Credit Concentration Risk [Member]	'
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]	'
Concentration Risk, Customer	'Five of such customers
Concentration Risk, Percentage	90.00%

NOTE_2_SIGNIFICANT_ACCOUNTING_3

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates	9 Months Ended		12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2013
Period End Average Rate (P&L Rate) [Member] | INR per USD [Member]	'	'	'
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]	'	'	'
Period End Average Rage (P&L Rate)	'INR 58.22 per USD	'INR 52.88 per USD	'INR 54.36 per USD
Period End Average Rate (P&L Rate) [Member] | RMB per USD [Member]	'	'	'
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]	'	'	'
Period End Average Rage (P&L Rate)	'RMB 6.13 per USD	'RMB 6.29 per USD	'RMB 6.28 per USD
Period End Average Rate (P&L Rate) [Member] | HKD per USD [Member]	'	'	'
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]	'	'	'
Period End Average Rage (P&L Rate)	'HKD7.75 per USD	'	'HKD 7.77 per USD
Period End Rate (Balance Sheet Rate) [Member] | INR per USD [Member]	'	'	'
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]	'	'	'
Period End Rate (Balance Sheet Rate)	'INR61.92 per USD	'INR 54.86 per USD	'INR 54.52 per USD
Period End Rate (Balance Sheet Rate) [Member] | RMB per USD [Member]	'	'	'
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]	'	'	'
Period End Rate (Balance Sheet Rate)	'RMB 6.05 per USD	'RMB 6.29 per USD	'RMB 6.21 per USD
Period End Rate (Balance Sheet Rate) [Member] | HKD per USD [Member]	'	'	'
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]	'	'	'
Period End Rate (Balance Sheet Rate)	'HKD 7.75 per USD	'	'HKD 7.76 per USD

NOTE_2_SIGNIFICANT_ACCOUNTING_4

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Estimated Useful Lives	9 Months Ended
	Dec. 31, 2013
Building [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated Useful Life (years)	'5-25 years
Plant and Machinery [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated Useful Life (years)	'10-20 years
Computer Equipment [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated Useful Life (years)	'3-5 years
Office Equipment [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated Useful Life (years)	'3-5 years
Furniture and Fixtures [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated Useful Life (years)	'5-10 years
Vehicles [Member]	'
Property, Plant and Equipment [Line Items]	'
Estimated Useful Life (years)	'5-10 years

NOTE_3_OTHER_CURRENT_AND_NONCU2

NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) (USD $)	Dec. 31, 2013	Mar. 31, 2013
NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) [Line Items]	'	'
Equity Method Investments (in Dollars)	$48,450	$55,026
Sricon Infrastructure Private Limited (Sricon) [Member]	'	'
NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) [Line Items]	'	'
Equity Method Investments (in Dollars)	$5,109,057	'
Equity Method Investment, Ownership Percentage	22.00%	'
Land in Nagpur [Member]	'	'
NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) [Line Items]	'	'
Area of Land (in Acres)	5	'

NOTE_3_OTHER_CURRENT_AND_NONCU3

NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) - Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure (USD $)	Dec. 31, 2013		Mar. 31, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'		'
Prepaid /preliminary expenses	$718		$3,053
Advance to suppliers & services	563,113		737,199
Security/statutory advances	48,394		65,369
Advances to employees	1,016,299	[1]	905,219	[1]
Prepaid /accrued interest	662		2,825
Deposit and other current assets	152,405		16,849
Total	$1,781,591		$1,730,514
[1]	Advances to Employees represent advances made to employees of Ironman by Ironman, prior to its acquisition by IGC.

NOTE_3_OTHER_CURRENT_AND_NONCU4

NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) - Schedule of Other Assets, Noncurrent (USD $)	Dec. 31, 2013	Mar. 31, 2013
Schedule of Other Assets, Noncurrent [Abstract]	'	'
Sundry Debtors - old	$0	$11,318
Other Advance - old	400,339	454,787
Total	$400,339	$466,105

NOTE_4_ACCOUNTS_RECEIVABLES_De

NOTE 4 - ACCOUNTS RECEIVABLES (Details) (USD $)	Dec. 31, 2013	Mar. 31, 2013
Receivables [Abstract]	'	'
Accounts Receivable, Net, Current	$890,134	$1,066,650

NOTE_6_OTHER_CURRENT_AND_NONCU2

NOTE 6 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Details) - Schedule of Other Current Liabilities (USD $)	Dec. 31, 2013	Mar. 31, 2013
Schedule of Other Current Liabilities [Abstract]	'	'
Statutory payables	$4,017	$18,139
Employee related liabilities	45,591	49,751
Other liabilities /expenses payable	179,335	242,729
Total	$228,943	$310,619

NOTE_6_OTHER_CURRENT_AND_NONCU3

NOTE 6 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Details) - Schedule of Other Non-current Liabilities (USD $)	Dec. 31, 2013	Mar. 31, 2013
Schedule of Other Non-current Liabilities [Abstract]	'	'
Creditors - old	$38,792	$51,864
Special reserve	617,499	601,524
Total	$656,291	$653,388

NOTE_8_INTANGIBLE_ASSETS_AND_G2

NOTE 8 - INTANGIBLE ASSETS AND GOODWILL (Details) - Schedule of Goodwill (USD $)	9 Months Ended	12 Months Ended
	Dec. 31, 2013	Mar. 31, 2013
Schedule of Goodwill [Abstract]	'	'
Balance at the beginning of the period	$592,274	$4,803,828
Adjustment form Ironman acquisition	0	-3,849,877
Impairment of goodwill	0	-301,141
Effect of foreign exchange translation	0	-60,536
Total	$592,274	$592,274

NOTE_9_NOTES_PAYABLE_AND_LOANS1

NOTE 9 - NOTES PAYABLE AND LOANS - OTHERS (Details) (USD $)	9 Months Ended
	Dec. 31, 2013	Mar. 31, 2013
Bricoleur Note Payable [Member]	'	'
NOTE 9 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]	'	'
Debt Instrument, Face Amount (in Dollars)	$1,800,000	$1,800,000
Debt Instrument, Maturity Date	31-Jul-14	'
Debt Instrument, Payment Terms	'Contractually the Company makes a penalty payment (booked under interest payment) of 17,100 shares of common stock for each month the loan remains unpaid.No other "interest" payment is made on the loan	'
Previous Director [Member]	'	'
NOTE 9 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]	'	'
Debt Instrument, Face Amount (in Dollars)	40,000	'
Debt Instrument, Maturity Date	25-Apr-14	'
Debt Instrument, Interest Rate, Stated Percentage	10.00%	'
Commercial Bank Loan [Member]	'	'
NOTE 9 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]	'	'
Number of Bank Loans	2	'
Bank Loan #1 [Member]	'	'
NOTE 9 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]	'	'
Debt Instrument, Face Amount (in Dollars)	100,000	'
Debt Instrument, Interest Rate, Stated Percentage	3.75%	'
Debt Instrument, Interest Rate Terms	'revolving interest	'
Guarantor Obligations, Term	'guaranteed by our CEO	'
Bank Loan #2 [Member]	'	'
NOTE 9 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]	'	'
Debt Instrument, Face Amount (in Dollars)	$150,000	'
Debt Instrument, Interest Rate, Stated Percentage	3.25%	'
Debt Instrument, Interest Rate Terms	'revolving interest	'
Guarantor Obligations, Term	'guaranteed by our CEO	'

NOTE_12_PROPERTY_PLANT_AND_EQU2

NOTE 12 - PROPERTY, PLANT AND EQUIPMENT (Details) (USD $)	9 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Abstract]	'	'
Depreciation	$444,852	$463,503

NOTE_12_PROPERTY_PLANT_AND_EQU3

NOTE 12 - PROPERTY, PLANT AND EQUIPMENT (Details) - Property, Plant and Equipment (USD $)	9 Months Ended
	Dec. 31, 2013	Mar. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Property, plant and equipment	$15,967,775	$16,101,488
Less: Accumulated depreciation	-8,236,147	-7,917,258
Net Assets	7,731,628	8,184,230
Land [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Useful Life	'	'
Property, plant and equipment	12,069	12,069
Building and Building Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Useful Life	'25 years	'
Property, plant and equipment	1,295,224	1,328,413
Machinery and Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Useful Life	'20 years	'
Property, plant and equipment	9,316,018	9,396,659
Computer Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Useful Life	'3 years	'
Property, plant and equipment	216,747	217,659
Office Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Useful Life	'5 years	'
Property, plant and equipment	165,342	166,924
Furniture and Fixtures [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Useful Life	'5 years	'
Property, plant and equipment	120,395	121,943
Vehicles [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Useful Life	'5 years	'
Property, plant and equipment	566,956	569,352
Asset under Construction [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Useful Life	'	'
Property, plant and equipment	$4,275,024	$4,288,469

NOTE_13_STOCKBASED_COMPENSATIO1

NOTE 13 - STOCK-BASED COMPENSATION (Details)	9 Months Ended	12 Months Ended
	Dec. 31, 2013	Mar. 31, 2013
NOTE 13 - STOCK-BASED COMPENSATION (Details) [Line Items]	'	'
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures	'	625,148
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	269,345	'
Stock Issued During Period, Shares, Share-based Compensation, Gross	146,073	'
Stockholders' Equity, Reverse Stock Split	'10:1	'
ESOP 2008 Omnibus Plan [Member]	'	'
NOTE 13 - STOCK-BASED COMPENSATION (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	269,345	'
Stock Issued During Period, Shares, Share-based Compensation, Gross	779,103	'

NOTE_14_COMMON_STOCK_Details

NOTE 14 - COMMON STOCK (Details) (USD $)	3 Months Ended	9 Months Ended		3 Months Ended		12 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Mar. 31, 2013
				At The Market ("ATM") Agency Agreement [Member]	Bricoleur Note Payable [Member]	Bricoleur Note Payable [Member]
NOTE 14 - COMMON STOCK (Details) [Line Items]	'	'	'	'	'	'
Number of Securities Listed on the NYSE Market	'	2	'	'	'	'
Warrant, Description of Warrant	'	'Each warrant entitles the holder to purchase one share of Common Stock	'	'	'	'
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item)	5	5	'	'	'	'
Warrant, Expiration Date	'	6-Mar-15	'	'	'	'
Debt Instrument, Face Amount (in Dollars)	'	'	'	'	$1,800,000	$1,800,000
Debt Instrument, Maturity Date, Description	'	'	'	'	'	'extend the maturity date of the 2012 Security from December 31, 2012 to July 31, 2014
Stock Issued During Period, Shares, Payment of Debt	'	'	'	'	51,300	'
Stock Issued During Period, Value, Payment of Debt (in Dollars)	'	219,735	'	'	47,880	'
Stock Issued During Period, Shares, Issued for Services	30,000	'	'	'	'	'
Stock Issued During Period, Value, Issued for Services (in Dollars)	31,200	'	'	'	'	'
Contract, Description of Terms	'	'Under the ATM Agency Agreement, IGC may offer and sell shares of our common stock having an aggregate offering price of up to $4 million from time to time. Sales of the shares, if any, will be made by means of ordinary brokers' transactions on the NYSE MKT at market prices, or as otherwise agreed with Enclave. The Company estimates that the net proceeds from the sale of the shares of common stock that are being offered will be approximately $3.6 million	'	'	'	'
Stock Issued During Period, Shares, New Issues	'	'	'	418,193	'	'
Stock Issued During Period, Value, New Issues (in Dollars)	'	$638,912	'	$404,869	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	'	269,345	'	'	'	'
Share-based Compensation Arrangement by Share-based Award, Options, Exercise Price (in Dollars per share)	'	$7.80	'	'	'	'
Stock Issued During Period, Shares, Share-based Compensation, Gross	'	146,073	'	'	'	'
Common Stock, Shares, Issued	7,980,919	7,980,919	6,980,098	'	'	'
Common Stock, Shares, Outstanding	7,980,919	7,980,919	6,980,098	'	'	'
Stockholders' Equity, Reverse Stock Split	'	'10:1	'	'	'	'

NOTE_15_INCOME_TAXES_Details

NOTE 15 - INCOME TAXES (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]	'	'
Effective Income Tax Rate Reconciliation, Percent	0.00%	0.00%
Foreign Income Tax Expense (Benefit), Continuing Operations (in Dollars)	$1,885	($453)

NOTE_17_INVESTMENTS_OTHERS_Det

NOTE 17 - INVESTMENTS - OTHERS (Details) - Schedule of Investments (USD $)	Dec. 31, 2013	Mar. 31, 2013
Schedule of Investments [Abstract]	'	'
Investment in equity shares of an unlisted company	$48,450	$55,026
Investment in partnership	0	28,463
Total	$48,450	$83,489

NOTE_18_OTHER_INCOME_Details

NOTE 18 - OTHER INCOME (Details) (USD $)	3 Months Ended	9 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Other Income and Expenses [Abstract]	'	'	'
Foreign Currency Transaction Gain (Loss), Unrealized	($33,078)	($322,682)	($313,200)

NOTE_19_IMPAIRMENT_Details

NOTE 19 - IMPAIRMENT (Details) (USD $)	3 Months Ended
	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]	'
Other than Temporary Impairment Losses, Investments	$0

NOTE_20_RECONCILIATION_OF_EPS_

NOTE 20 - RECONCILIATION OF EPS (Details)	3 Months Ended		9 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]	'	'	'	'
Weighted Average Number of Shares Outstanding, Basic	7,734,444	6,006,174	7,734,444	6,006,174

NOTE_21_CERTAIN_AGED_RECEIVABL1

NOTE 21 - CERTAIN AGED RECEIVABLES (Details) (USD $)	Dec. 31, 2013	Mar. 31, 2013
In Millions, unless otherwise specified
Disclosure Text Block Supplement [Abstract]	'	'
Other Receivables, Gross, Current	$0.50	$0.50