India Globalization Capital (IGC) 10-K 14 Jul 17 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2017	Jun. 25, 2017	Sep. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	India Globalization Capital, Inc.
Document Type	10-K
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		30,571,948
Entity Public Float			$ 8,785,960
Amendment Flag	false
Entity Central Index Key	1,326,205
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	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS (Au

CONSOLIDATED BALANCE SHEETS (Audited) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Current assets:
Cash and cash equivalents	$ 538,029	$ 1,490,693
Accounts receivable, net of allowances	752,926	962,658
Inventories	0	162,091
Prepaid expenses and other current assets	410,408	1,226,507
Short-term investments	1,880,000	0
Total current assets	3,581,363	3,841,949
Goodwill	198,169	1,180,951
Intangible Assets	0	113,321
Property, plant and equipment, net	953,936	7,074,437
Investments in affiliates	773,111	609,148
Investments-others	5,238,003	5,175,392
Deferred Income taxes	0	356,684
Other non-current assets	539,720	507,300
Total long-term assets	7,702,939	15,017,233
Total assets	11,284,302	18,859,182
Current liabilities:
Short -term borrowings	0	27,762
Trade payables	416,532	330,631
Accrued expenses	181,465	300,111
Loans - others	0	189,680
Notes payable	0	1,800,000
Other current liabilities	691,714	550,877
Total current liabilities	1,289,711	3,199,061
Long -term borrowings	452,080	801,467
Loans - others	392,226	0
Notes payable	1,800,000	0
Other non-current liabilities	0	910,583
Total long-term liabilities	2,644,306	1,712,050
Total liabilities	3,934,017	4,911,111
Stockholders' equity:
Common stock — $.0001 par value; 150,000,000 shares authorized; 23,265,531 issued and outstanding as of March 31, 2016 and 28,272,667 issued and outstanding as of March 31, 2017.	2,827	2,327
Additional paid-in capital	61,413,533	65,885,243
Accumulated other comprehensive income	(2,047,780)	(2,269,357)
Retained earnings (Deficit)	(52,009,459)	(50,142,199)
Total equity attributable to Parent	7,359,121	13,476,014
Non-controlling interest	(8,836)	472,057
Total stockholders' equity	7,350,285	13,948,071
Total liabilities and stockholders' equity	$ 11,284,302	$ 18,859,182

CONSOLIDATED BALANCE SHEETS (A3

CONSOLIDATED BALANCE SHEETS (Audited) (Parentheticals) - $ / shares	Mar. 31, 2017	Mar. 31, 2016
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	28,272,667	23,265,531
Common stock, shares outstanding	28,272,667	23,265,531

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Audited) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues	$ 580,372	$ 6,366,550
Cost of revenues (excluding depreciation)	(362,135)	(5,523,256)
Selling, general and administrative expenses	(1,875,344)	(2,702,753)
Depreciation	(396,346)	(728,741)
Loss on investments / associates /joint ventures	(932)	(317,510)
Operating income (loss)	(2,054,385)	(2,905,710)
Interest expense	(223,464)	(213,928)
Interest income	1,744	2,085
Profit on investments/associates and Joint Ventures	317,742	0
Other income, net	119,933	284,186
Income before income taxes and minority interest attributable to non-controlling interest	(1,838,430)	(2,833,367)
Income taxes benefit/ (expense)	(14,431)	(579)
Net income/(loss)	(1,852,861)	(2,833,946)
Non-controlling interests in earnings of subsidiaries	14,399	(25,702)
Net income / (loss) attributable to common stockholders	$ (1,867,260)	$ (2,808,244)
Earnings/(loss) per share attributable to common stockholders:
Basic (in Dollars per share)	$ (0.07)	$ (0.17)
Diluted (in Dollars per share)	$ (0.07)	$ (0.17)
Weighted-average number of shares used in computing earnings per share amounts:
Basic (in Shares)	25,658,544	16,387,290
Diluted (in Shares)	25,658,544	16,387,290

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Audited) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net income / (loss)	$ (1,867,260)	$ (2,808,244)
Parent [Member]
Net income / (loss)	(1,867,260)	(2,808,244)
Foreign currency translation adjustments	221,577	(355,772)
Comprehensive income (loss)	(1,645,683)	(3,164,016)
Noncontrolling Interest [Member]
Net income / (loss)	14,399	(25,702)
Foreign currency translation adjustments	0	0
Comprehensive income (loss)	14,399	(25,702)
Comprehensive Income [Member]
Net income / (loss)	(1,852,861)	(2,833,946)
Foreign currency translation adjustments	221,577	(355,772)
Comprehensive income (loss)	$ (1,631,284)	$ (3,189,718)

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Audited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Mar. 31, 2015	$ 1,477	$ 63,479,918	$ (47,333,955)	$ (1,913,585)	$ 515,927	$ 14,749,782
Balance (in Shares) at Mar. 31, 2015	14,766,333
Bricoleur loan interest payments	$ 30	94,213				$ 94,243
Bricoleur loan interest payments (in Shares)	305,357					2,214,950
ESOP	$ 583	1,809,537				$ 1,810,120
ESOP (in Shares)	5,836,501
ATM Sale	$ 137	331,917				332,054
ATM Sale (in Shares)	1,358,769
Stock issued for acquisition	$ 100	169,658			(18,168)	151,590
Stock issued for acquisition (in Shares)	998,571
Loss on Translation				(355,772)		(355,772)
Net income for non-controlling interest					(25,702)	(25,702)
Net income / (loss)			(2,808,244)		(25,702)	(2,808,244)
Balance at Mar. 31, 2016	$ 2,327	65,885,243	(50,142,199)	(2,269,357)	472,057	$ 13,948,071
Balance (in Shares) at Mar. 31, 2016	23,265,531					23,265,531
ESOP, IR, Consultancy	$ 34	63,366				$ 63,400
ESOP, IR, Consultancy (in Shares)	340,000
H&F Ironman & IGC International	$ (263)	(7,342,850)			(496,637)	(7,839,750)
H&F Ironman & IGC International (in Shares)	(2,633,841)
Bricoleur loan interest payments	$ 33	129,783				$ 129,816
Bricoleur loan interest payments (in Shares)	333,956					3,491,278
ESOP	$ 127	203,073				$ 203,200
ESOP (in Shares)	1,270,000
ATM Sale	$ 169	641,995				$ 642,164
ATM Sale (in Shares)	1,697,021					1,697,021
Stock issued for acquisition	$ 400	1,832,923				$ 1,833,323
Stock issued for acquisition (in Shares)	4,000,000
Loss on Translation				221,577	1,345	222,922
Net income for non-controlling interest					14,399	14,399
Net income / (loss)			(1,867,260)		14,399	(1,867,260)
Balance at Mar. 31, 2017	$ 2,827	$ 61,413,533	$ (52,009,459)	$ (2,047,780)	$ (8,836)	$ 7,350,285
Balance (in Shares) at Mar. 31, 2017	28,272,667					28,272,667

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Audited) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income (loss)	$ (1,852,861)	$ (2,833,946)
Adjustment to reconcile net income (loss) to net cash:
Deferred taxes	18,968	579
Depreciation	396,346	728,741
Write back of liability (non-cash)	(34,367)	(13,495)
Bad debts written off /Creditors restated	6,980	80,434
Loss from Investments /Joint Venture /associates	932	317,510
Profit from Investments /Associates /Joint Venture	(317,742)	0
Non-cash interest expenses	129,816	94,243
ESOP and other stock related expenses	203,200	214,254
Other stock related expenses	47,400	184,004
Changes in:
Accounts receivable	(144,711)	80,461
Inventories	0	545,293
Prepaid expenses and other assets	(62,513)	504,005
Trade payables	191,044	(28,531)
Other current liabilities	140,813	90,888
Other non – current liabilities	(746)	0
Non-current assets	(20,775)	0
Accrued Expenses	(92,861)	(122,142)
Net cash provided/(used) in operating activities	(1,391,077)	(157,702)
Cash flow from investing activities:
Proceeds from short term investment	(95,677)	0
Proceeds from non-current investment	0	(76,290)
Purchase of property and equipment	(145,677)	(122,185)
Deposits towards acquisition (net of cash acquired)	0	16,405
Non-current assets	0	(1,352)
Net cash provided/(used) by investing activities	(241,354)	(183,422)
Cash flows from financing activities:
Issuance of equity stock	642,164	1,743,967
Net movement in short-term borrowings	0	(1,252,594)
Proceeds /(repayment) from long-term borrowing	(476,190)	398,660
Exit from Subsidiaries	(137,292)	0
Proceeds from loans	678,882	121,194
Net cash provided/(used) by financing activities	707,564	1,011,227
Effects of exchange rate changes on cash and cash equivalents	(27,797)	(3,902)
Net increase/(decrease) in cash and cash equivalents	(952,664)	666,201
Cash and cash equivalent at the beginning of the period	1,490,693	824,492
Cash and cash equivalent at the end of the period	538,029	1,490,693
Supplementary information:
Cash paid for interest	93,648	119,687
Cash paid for taxes	14,431	0
Non-cash items:
Common stock issued for interest payment on notes payable	129,816	94,243
Common stock issued including ESOP, Consultancy & IR	266,600	398,258
Cabaran Ultima SDN BHD [Member]
Supplementary information for non-cash financing activities
Non-cash Consideration for Acquisition		$ 169,758
Brilliant Hallmark [Member]
Supplementary information for non-cash financing activities
Non-cash Consideration for Acquisition	$ 1,833,323

NOTE 1 - NATURE OF OPERATIONS A

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION	12 Months Ended
	Mar. 31, 2017
Disclosure Text Block [Abstract]
Nature of Operations [Text Block]	NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION IGC develops cannabis-based combination therapies to treat Alzheimer’s, pain, nausea, eating disorders, several end points of Parkinson’s, and epilepsy in humans, dogs and cats. In support of this effort, IGC has assembled a portfolio of patent filings and four lead product candidates addressing these conditions. In India, the Company is engaged in heavy equipment rental, and in Malaysia, real-estate management. The Company is a Maryland Corporation formed in April 2005. a) Business Organization and Corporate Update IGC is a Maryland corporation formed in April 2005 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. In March 2006, IGC completed an initial public offering of its common stock. Our principal office in the U.S. is located in Bethesda, Maryland, in addition we have a facility in Washington State. Our back office is in Kochi, Kerala India. In addition, many of our staff and advisors work from their home offices. The table below lists our subsidiaries. Subsidiaries Immediate holding company Country of Incorporation Percentage of holding as of March 31, 2017 Percentage of holding as of March 31, 2016 H&F Ironman Limited (“HK Ironman”) IGC Hong Kong 0 100 Linxi H&F Economic and Trade Co. (“PRC Ironman”) HK Ironman Peoples’ Republic of China 0 95 IGC – Mauritius (“IGC-M”) IGC Mauritius 100 100 Techni Bharathi Private Limited (“TBL”) IGC-M India 100 100 India Mining and Trading Private Limited (“IGC-IMT”) IGC-M India 100 100 IGC Materials Private Limited (“IGC-MPL”) IGC-M India 100 100 IGC Logistic Private Limited (“IGC-LPL”) IGC-M India 100 100 IGC Cleantech Limited (“IGC-CT”) (1) IGC-M Hong Kong 100 100 IGC International Limited (“IGC-INT”) (2) IGC Hong Kong 0 51 Cabaran Ultima Sdn. Bhd., (“Ultima”) IGC Malaysia 100 100 RGF Cabaran Sdn. Bhd. (“RGF”) Ultima Malaysia 51 51 RGF Construction Sdn. Bhd. RGF Malaysia 75 75 (1) Formerly known as IGC HK Mining and Trading Limited. (2) Formerly known as Golden Gate Electronics Limited. As at April 1, 2016 our operational subsidiaries were in China, Hong Kong, India and Malaysia. As at March 31, 2017 our operational subsidiaries are in India and Malaysia. In October 2014, pursuant to a Memorandum of Settlement with Sricon, one of our Indian subsidiaries, and related parties and in exchange for the 22% minority interest we had in Sricon, we received approximately five acres of prime land in Nagpur, India. The land is located a few miles from MIHAN, which is the largest development zone in terms of investment in India. The Company beneficially registered the land in its name on March 4, 2016. On December 30, 2011, IGC acquired a 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.” PRC Ironman is engaged in the processing of iron ore at its beneficiation plant on 2.2 square kilometers of hills in southwest Linxi in the autonomous region of eastern Inner Mongolia, under the administration of Chifeng City, Inner Mongolia, which is located 250 miles from Beijing, 185 miles from Tianjin Port and 125 miles from Jinzhou Port and well connected by roads, planes and railroad. On February 2, 2015, IGC filed a lawsuit in the circuit court of Maryland, against 24 defendants related to the acquisition of Ironman, seeking to have the court order rescission of the underlying Acquisition Agreement and to void any past or future transfer of IGC shares to the defendants. As of March 31, 2017, IGC has redeemed and subsequently retired, as required by Maryland State law, part of the 3,150,000 shares of common stock issued in connection with its purchase of Ironman, as a treasury stock transaction, thus reducing IGC’s investment in Ironman to zero while still pursuing any and all legal avenues to recover as many of the originally issued shares as possible. In January 2013, we incorporated IGC HK Mining and Trading Limited (“IGC-HK”), whose name we later changed to IGC Cleantech Ltd (“IGC-CT”). Please see Note 25 Subsequent Events for an update. On May 31, 2014, we completed the acquisition of 51% of the issued and outstanding share capital of Golden Gate Electronics Limited, a corporation organized and existing under the laws of Hong Kong and now known as IGC International (“IGC-INT”). IGC-INT, headquartered in Hong Kong, operates an e-commerce platform for trading of commodities and electronic components. The purchase price of the acquisition consisted of up to 1,209,765 shares of our common stock, valued at approximately $1,052,496 on the closing date of the acquisition. As previously announced we curtailed activity in IGC-INT and since the quarter ended June 30, 2016 we have no revenue. We also impaired the goodwill associated with the acquisition. As of March 31, 2017, we exited the business. We retired 205,661 shares of common stock, and returned control of IGC International to the original owners. We also impaired the goodwill associated with the acquisition. We have no disputes with the initial principals of Golden Gate. On June 27, 2014, we entered into an agreement with TerraSphere Systems, LLC to develop multiple facilities to produce organic leafy green vegetables utilizing TerraSphere’s advanced pesticide-free organic indoor farming technology. Under the agreement, we will own 51% of each venture once production is operational, and will have a right of first refusal to participate in all future build-outs. In fiscal 2018, we expect to convert this investment into shares of a public Canadian company where assets including this project is being merged. On December 18, 2014, we acquired 24.9% of the outstanding membership interests in Midtown Partners, a Florida limited liability company registered as a broker-dealer under the Securities Exchange Act of 1934, from Apogee Financial Investments, Inc. The Purchase Agreement expired on June 30, 2015, and the Company is pursuing its rights under the terms of the Purchase Agreement to recover certain damages. In February 2016, we completed the acquisition of 100% of the outstanding share capital of Cabaran Ultima Sdn. Bhd., a corporation organized and existing under the laws of Malaysia (“Ultima”), from RGF Land Sdn. Bhd. (“Land”), the sole shareholder of Ultima, pursuant to the terms of a Share Purchase Agreement among the parties. Ultima holds 51% of RGF Cabaran Sdn. Bhd., which holds 75% of RGF Construction Sdn. Bhd. The purchase price of the acquisition consists of up to 998,571 shares of our common stock, valued at $169,757 on the closing date of the Share Purchase Agreement. Ultima and its management’s expertise include the following: (i) building agro-infrastructure for growing medicinal plants and botanical extraction, and (ii) construction of high-end luxury complexes such as service apartments, luxury condominiums and hotels. In August 2016, we subscribed to 10% of Brilliant Hallmark, Sdn. Bhd. a corporation organized and existing under the laws of Malaysia (“Brilliant”). We paid 4,000,000 shares of common stock with a Fair Market Value of $1.88 million for the 10% stake in Brilliant that holds the exclusive rights to build a hotel and develop the property in Genting Malaysia. IGC had recourse to the land assets in the event of non-performance through a separate Tag Along Agreement dated August 1, 2016 between IGC on the one hand and RGF Land Sdn. Bhd., the shareholders of RGF Land Sdn. Bhd., and Brilliant on the other hand. Pursuant to the terms of the Share Subscription Agreement, Brilliant assigned, sold, and transferred to IGC 11 shares of Brilliant, which shares constituted 10% of the issued and outstanding shares of Brilliant. Likewise, as a consideration for the transaction, IGC issued to Brilliant the 4 million shares of its common stock. Please see Note 25 Subsequent Events for further information. b) Merger and Accounting Treatment Most of the shares of Sricon and TBL when acquired were purchased directly from the companies. The shares of Ironman, Golden Gate, and Cabaran Ultima were acquired from the shareholders of each company. Unless the context requires otherwise, all references in this report to the “Company”, “IGC”, “IGC Inc.”, “we”, “our”, and “us” refer to India Globalization Capital, Inc., together with its wholly owned subsidiaries as described in Note 1 Business Organization and Corporate History. As of March 31, 2017, IGC and its subsidiaries derived all of its revenue from one segment, its construction management and heavy equipment rental business and we exited the electronics business. The corporate structure of our company’s direct and indirect consolidated operating subsidiaries is as follows: c) Our Securities We have one security listed on the NYSE MKT: Common Stock, $.0001 par value (ticker symbol: IGC) (“Common Stock”). This security is also available for trading on the Borse Frankfurt, Stuttgart, and Berlin Exchanges (ticker symbol: IGS1) We have Units Unit Units On April 19, 2013, the Company implemented a 10:1 reverse split of the common stock and all disclosures in this report reflects the reverse split. The registration statement for the initial public offering was declared effective on March 2, 2006. The Company’s outstanding warrants are exercisable and may be exercised by contacting IGC or the transfer agent, Continental Stock Transfer & Trust Company. The Company has a right to call the warrants, provided the Common Stock has traded at a closing price of at least $8.50 per share for any 20 trading days within a 30-trading day period ending on the third business day prior to the date on which notice of redemption is given. If the Company calls the warrants, either the holder will have to exercise the warrants by purchasing the Common Stock from the Company for $5.00 or the warrants will expire. In accordance with the terms of the outstanding warrant agreements between the Company and its warrant holders, the Company in its sole discretion may lower the price of its warrants at any time prior to their expiration date. For a description of the Bricoleur Partners, L.P. loan and no-tax deductible interest payments made using our common stock please see Note 7 Notes Payable and Loans-Others. On December 30, 2011, the Company finalized the purchase of Ironman pursuant to a stock purchase agreement (the “Stock Purchase Agreement”) that was approved by the shareholders of the Company on that date. Related to the acquisition of Ironman, the Company’s shareholders approved the issuance of 3,150,000 equity shares to the owners of Ironman in exchange for 100% of the equity of Ironman (refer to Note 3). The acquisition of Ironman and the offering of the Common Stock pursuant there to was exempt from registration under the Securities Act pursuant to Regulation S of the Securities Act, which exempts private issuances of securities in which the securities are not offered or advertised to the general public and such offering occurs outside of the United States to non-U.S. persons. These securities were subsequently registered in a Form S-1. As of March 31, 2017, IGC has redeemed and subsequently retired, as required by Maryland State law, part of the 3,150,000 shares of common stock issued in connection with its purchase of Ironman, as a treasury stock transaction, thus reducing IGC’s investment in Ironman to zero, while still pursuing any and all legal avenues to recover as many of the originally issued shares as possible. In fiscal 2016, we issued 20,000 shares valued at $8,000 to Marketing Group (MMGI) and others, in January 2017 we agreed to deliver 90,000 shares, valued at $23,400, to MMGI for investor communications related services rendered during calendar year 2017. In fiscal 2016, the Company issued 40,000 shares of Common Stock to Axiom Financial Inc. valued at $16,000 for financial and marketing consulting services. In fiscal 2016, we issued 250,000 shares to International Pharma Trials valued at $100,000, for research and development services related to drug development. In fiscal 2016, we issued 100,000 shares valued at $40,000 to Acorn Management Partners for investor relations services. 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 estimated that the net proceeds from the sale of the shares of common stock that were being offered were going to be approximately $3.6 million. On June 8, 2014, IGC entered into a new At The Market (“the June ATM”) Agency Agreement with Enclave Capital LLC. Under the June ATM Agency Agreement, IGC may offer and sell shares of our common stock having an aggregate offering price of up to $1.5 million, for a total of $5.5 million of gross proceeds from the combined ATM agreements. During the year fiscal year ended March 31, 2014, 2015 and 2016, the Company issued a total of 1,256,005 shares of common stock valued at $1,251,896; 2,001,815 shares valued at $2,961,022; and a total of 1,358,769 shares valued at $332,054, under this agreement, respectively. On May 20, 2016, IGC entered into an At The Market (“ATM”) Agency Agreement with IFS Securities, Inc. (dba Brinson Patrick, a division of IFS Securities, Inc.). Under the ATM Agency Agreement, IGC may offer and sell shares of our common stock having an aggregate offering price of up to $10 million from time to time through Brinson Patrick. During fiscal year 2017, the Company issued a total of 1,697,021 shares of common stock valued at $642,164. On September 12, 2014, IGC shareholders approved 1,500,000 shares of common stock as a special grant valued at $615,000 to IGC’s CEO and the directors of the board subject to vesting. Through fiscal year end 2017 all shares have been granted and vested. Under the December 18, 2014 Purchase Agreement with Apogee, we issued 1,200,000 common shares of IGC in the name of Apogee, valued at $888,000 for the purchase of 24.9% ownership interest in Midtown Partners & Co., LLC. The Purchase Agreement expired on June 30, 2015, and the Company is pursuing its rights under the terms of the Purchase Agreement to recover certain damages. Under the February 11, 2016 Purchase Agreement with Cabaran Ultima, we issued 998,571 common shares of IGC valued at $169,757 for the purchase of 100% ownership interest in Ultima. Between February 24, 2016 and March 23, 2016, we issued a total of 4,253,246 unregistered shares of common stock, to foreign investors, for an aggregate amount of $1.5 million. In August 2016, we subscribed to 10% of Brilliant Hallmark, Sdn. Bhd. a corporation organized and existing under the laws of Malaysia (“Brilliant”) by issuing 4,000,000 shares of common stock with a Fair Market Value of $1.880 million. Please see Note 25, Subsequent Events for further information. In fiscal 2016 we issued 50,000 shares of our common stock to Cherin Group, LLC., for consulting services, and in fiscal 2017, we issued a total of 250,000 shares, vesting over two years, for services as our Chief Financial Officer. In fiscal 2017, we issued 160,000 options to some of our Advisors, at an exercise price of $0.10, expiring on October 31, 2023. The fair value of options was valued at $22,300 using a Black-Scholes Pricing Model with the following assumptions: Granted in Fiscal 2017 Expected life of options 7 years Vested options 100 % Risk free interest rate 0.70 % Expected volatility 119.5 % Expected dividend yield Nil Pursuant to IGC’s employee stock option plan, as of March 31, 2017 there are no stock options outstanding and exercisable. The Company as of March 31, 2017 has issued a total of 3,491,278 shares to its directors and some of its employees. As of March 31, 2017, the Company has 99,227 UNITS and 28,272,667 shares of Common Stock issued and outstanding. In addition, the Company has 11,656,668 outstanding public warrants, that trade on the OTC, expiring on March 6, 2019, to purchase 1,165,667 shares of common stock at $50.00 a share and we have 831,768 private warrants to buy 83,176 shares of common stock at an exercise price of $9.0, expiring on December 8, 2017.

NOTE 2 - SIGNIFICANT ACCOUNTING

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES a) 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. b) 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 non-controlling interest disclosed in the accompanying financial statements for fiscal year 2017 represent the non-controlling interest in Cabaran Ultima’s subsidiaries 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. c) Reclassifications We are reclassifying $2,192,226 loans from current liability to non-current liability, as management does not expect to pay these loans back within 12 months. 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) Revenue Recognition The majority of the revenue recognized for the years ended March 31, 2017 and 2016 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. 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. We consider 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. 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. f) 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. g) 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. As of March 31, 2017 and 2016, there was no significant liability for income tax associated with unrecognized tax benefits. The issuance by IGC of its common stock to (1) Ironman stockholders in exchange for Ironman stock; to (2) Golden Gate Electronics Ltd (“GG”) in exchange for GG stock; to (3) Apogee Financial in exchange for a membership interest in Midtown Partners, LLC; to (4) Cabaran Ultima (“Ultima”) in exchange for Ultima’s stock, and to (5) Brilliant Hallmark, as contemplated by the respective stock purchase agreements between the Company and Ironman and their stockholders; between the Company and Golden Gate Electronics Ltd and its stockholders; between the Company and Apogee Financial and their stockholders; and between the Company and Cabaran Ultima and its stockholders, generally will not be taxable transactions to U.S. holders for U.S. federal income tax purposes. It is expected that IGC and its stockholders will not recognize any gain or loss from these transactions for U.S. federal income tax purposes. h) 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 it s i) Left intentionally blank j) Foreign currency transactions IGC operates in India and Malaysia and a substantial portion of the Company’s sales are denominated in INR, and RM, as of those respective operations. As a result, changes in the relative values of the U.S. dollar and INR or the RM 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, HKD, RMB and the RM 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 End Average Rate Period End Rate Period (P&L rate) (Balance sheet rate) Year ended March 31, 2017 INR 67.01 per USD INR 64.85 per USD RMB 6.69 per USD RMB 6.95 per USD HKD 7.76 per USD HKD 7.77 per USD RM 4.20 per USD RM 4.42 per USD Year ended March 31, 2016 INR 65.39 per USD INR 66.25 per USD RMB 6.32 per USD RMB 6.44 per USD HKD 7.76 per USD HKD 7.76 per USD RM 4.11 per USD RM 3.90 per USD k) Accounts receivable Accounts receivable from customers in the electronics business were recorded at the invoiced amount, taking into consideration any adjustments made for returns. Also, the Company evaluates the collectability of selected accounts receivable on a case-by-case basis and makes adjustments to the bad debt reserve for expected losses. For all other accounts, the Company estimates reserves for bad debts based on general aging, experience and past-due status of the accounts. When applicable, the Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of clients to make required payments. The allowance for doubtful accounts is determined by evaluating the relative credit worthiness of each client, historical collections experience and other information, including the aging of the receivables. If circumstances related to customers change, estimates of recoverability would be further adjusted. Regarding our collection policy on electronics trading receivables, there were three types of trades: (1) payment guaranteed through letters of credit, (2) deposit or spot payment on delivery or (3) delivery on credit. With the first type of trade: our policy for collection is to ask the customer to open a letter of credit with a bank. The typical terms of the letter of credit are that 100% of the payment is made when the material is shipped. With the second type of trade, customers pay on delivery. On the third type of trade, our policy is to allow the customer to have a payment credit term of 90 days. l) Left intentionally blank m) Left intentionally blank n) 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 is in excess of 20% the Company has accounted for the investment based on the equity method, as in the case of Midtown Partners & Co., LLC (“MTP”). o) 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. p) Fair Value of Financial Instruments As of March 31, 2017 and 2016, 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. During this fiscal year, sales were spread across many customers in Hong Kong, China, India and Malaysia, and the credit concentration risk is low. r) Left intentionally blank s) Left intentionally blank 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 does not participate in a multi-employer defined contribution plan in China to provide employees with certain retirement, medical and other fringe benefits because the Company has exited the business in China. In the United States, we provide health insurance, life insurance, and 401-K benefits. 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 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. Pursuant to 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 it operates in a single operating segment. While the Company’s Chief Executive Officer reviews the consolidated financial information for the purposes of decisions relating to resource allocation, the Company’s Chief Financial Officer, on an as-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. 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, Cabaran Ultima, which is the legal entities in Malaysia, is also considered separate reporting units and therefore the Company believes that the assessment of goodwill impairment at the subsidiaries level, which are also a reporting unit each, 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) 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 and impact of changes in government policies. 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. 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. Recognition and Measurement of Financial Assets and Financial Liabilities: Revenue from Contracts with Customers

NOTE 3 - ACQUISITIONS

NOTE 3 - ACQUISITIONS	12 Months Ended
	Mar. 31, 2017
Disclosure Text Block Supplement [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	NOTE 3 – ACQUISITIONS Cabaran Ultima Sdn. Bhd. On February 11, 2016, we completed the acquisition of 100% of the outstanding share capital of Cabaran Ultima Sdn. Bhd., a corporation organized and existing under the laws of Malaysia (“Ultima”), from RGF Land Sdn. Bhd (“Land”), the sole shareholder of Ultima, pursuant to the terms of a Share Purchase Agreement among the parties. Ultima is a real estate development and international project management company incorporated in Kuala Lumpur, Malaysia. The purchase price of the acquisition consists of up to 998,571 shares of our common stock, valued at approximately $169,757 on the closing date of the Share Purchase Agreement. Ultima is an international real estate project management company with expertise in (i) building agro-infrastructure for growing medicinal plants and botanical extraction, (ii) construction of high-end luxury complexes such as service apartments, luxury condominiums and hotels, and (iii) design management of other large-scale infrastructure. Purchase price of the acquisition consisted of up to 998,571 shares of our common stock, valued at approximately $169,757on the closing date of the acquisition and the same will be discharged as follows: All amounts in USD Particulars Fair Value IGC Stock Consideration $ 169,757 Total Purchase Consideration $ 169,757 The purchase has been preliminarily allocated to the acquired assets and liabilities, as follows: All amounts in USD Particulars Fair Value Property, Plant and Equipment $ 1,421 Trade and other receivables 12,385 Reimbursement Account 63,564 Cash and bank balances 16,438 Deposit & Prepayment 6,205 Trade and other payables (133,804 ) Other payables (12,789 ) Non-Controlling interest 18,168 Goodwill 198,169 Total Purchase Consideration $ 169,757 The above purchase price allocation includes provisional amounts for certain assets and liabilities. The purchase price allocation will continue to be refined primarily in the areas of goodwill and other identifiable intangibles, if any. During the measurement period, the Company expects to receive additional detailed information to refine the provisional allocation above. Non-controlling interests are valued based on the proportional interest in the fair value of the net assets of the acquired entity. Ultima is subject to legal and regulatory requirements, including but not limited to those related to taxation matters, in the jurisdiction in which it operates. The Company has conducted a preliminary assessment of liabilities arising out of these matters and has recognized provisional amounts in its initial accounting for the Acquisition for all identified liabilities in accordance with the requirements of ASC Topic 805. However, the Company is continuing its review of these matters during the measurement period, and if new information obtained about facts and circumstances that existed at the Acquisition date identifies adjustments to the liabilities initially recognized, as well as any additional liabilities that existed at the Acquisition date, the acquisition accounting will be revised to reflect the resulting adjustments to the provisional amounts initially recognized. The following unaudited pro-forma results of the operations of the Company for the fiscal year ended March 31, 2017 and 2016 assume that the Ultima acquisition occurred during the beginning of the comparable period. Particulars 2017 2016 Pro forma revenue $ 580,372 $ 6,727,396 Pro forma other income $ 547,105 $ 284,186 Pro forma net income attributable to IGC Stockholders $ (1,867,260 ) $ (2,525,174 ) Pro forma Earnings per share Basic (0.07 ) (0.15 ) Diluted (0.07 ) (0.15 ) Golden Gate Electronics Ltd. and Ironman for FYE 2017 The following unaudited pro-forma results of the operations of the Company for the fiscal year ended March 31, 2017 assume that the IGC-INT and Ironman acquisitions occurred during the beginning of the comparable period. Year ended March 31, 2017 Particulars With IGC-INT and Ironman Without IGC-INT and Ironman Pro forma revenue $ 580,372 $ 367,279 Pro forma other income 547,105 283,886 Pro forma net income attributable to IGC Stockholders $ (1,867,260 ) $ (1,801,139 ) Pro forma Earnings per share Basic (0.07 ) (0.07 ) Diluted (0.07 ) (0.07 ) Golden Gate Electronics Ltd. and Ironman for FYE 2016 The following unaudited pro-forma results of the operations of the Company for the fiscal year ended March 31, 2016 assume that the IGC-INT and Ironman acquisitions occurred during the beginning of the comparable period. Year ended March 31, 2016 Particulars With IGC-INT and Ironman Without IGC-INT and Ironman Pro forma net revenue $ 6,366,550 $ 114,748 Pro forma other income net 284,186 274,537 Pro forma net income attributable to IGC Stockholders $ (2,808,244 ) $ (2,137,352 ) Pro forma Earnings per share Basic (0.17 ) (0.13 ) Diluted (0.17 ) (0.13 )

NOTE 5 - OTHER CURRENT AND NON-

NOTE 5 - OTHER CURRENT AND NON-CURRENT ASSETS	12 Months Ended
	Mar. 31, 2017
Disclosure Text Block Supplement [Abstract]
Other Assets Disclosure [Text Block]	NOTE 5 – OTHER CURRENT AND NON-CURRENT ASSETS Prepaid expenses and other current assets consist of the following: As of March 31, 2017 As of March 31, 2016 Prepaid /preliminary expenses $ 6,750 $ - Advance to suppliers & services 240,968 315,659 Security/statutory advances 14,216 14,399 Advances to employees 111,882 878,042 Prepaid and accrued interest 1,436 1,239 Deposit and other current assets 35,156 17,168 Total $ 410,408 $ 1,226,507 * Advances to Employees shown in fiscal 2016 represent advances made to employees of Ironman by Ironman, prior to its acquisition by IGC. In fiscal 2017 no advances to Ironman employees are shown. Other Non-current assets consist of the following: As of March 31, 2017 As of March 31, 2016 Statutory/Other advances $ 539,720 $ 507,300 Total $ 539,720 $ 507,300 On May 21, 2012, TBL entered into an agreement with Weave & Weave for the purchase of land value $616,806. TBL gave Weave and Wave and advance of $377,795. As of the date of this filing, the parties are in the process of negotiating a settlement that includes the purchase and sale of land as well as the refund of the advance given by TBL.

NOTE 6 - SHORT-TERM BORROWINGS

NOTE 6 - SHORT-TERM BORROWINGS	12 Months Ended
	Mar. 31, 2017
Disclosure Text Block [Abstract]
Short-term Debt [Text Block]	NOTE 6 – SHORT-TERM BORROWINGS For fiscal year 2017 and fiscal year 2016, the Company had a total of zero and $27,762, respectively, in short-term borrowings.

NOTE 7 - NOTES PAYABLE AND LOAN

NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS	12 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 7 – NOTES PAYABLE AND LOANS - OTHERS The Company’s total interest expense was $223,464 for the year ended March 31, 2017 and $213,928 for the year ended March 31, 2016, respectively. No interest was capitalized for the years ended March 31, 2017 and March 31, 2016. As on March 31, 2017 the Company has five loans categorized as Loans Others totaling $392,226 at an average annual interest rate of 10%: Loan 1: We have a loan for $59,726, due on April 25, 2018 bearing 10% annual interest rate. This loan is from one of our Advisors and former director. Loan 2: We have a loan from an individual for $100,000, at an annual interest rate of 24%, due February 23, 2022. There is no prepayment penalty. The assets of the Company secure the loan. Loan 3: We have a loan from an individual for $50,000, at an annual interest rate of 15%, due February 23, 2022. There is no prepayment penalty. The assets of the Company secure the loan. Loan 4: We have a loan of $85,000 from an affiliate of our CEO, at an annual interest rate of 15%, due February 23, 2022. There is no prepayment penalty. The assets of the Company secure the loan. Loan 5: We have a working capital loan that has a loan balance as of March 31, 2017 of $97,500 from an affiliate of our CEO, at an annual interest rate of zero percent, due February 23, 2022. There is no prepayment penalty. The assets of the Company secure the loan. Please see Note 12 Related Party Transactions for more details on Other Loans.

NOTE 8 - OTHER CURRENT AND NON-

NOTE 8 - OTHER CURRENT AND NON-CURRENT LIABILITIES	12 Months Ended
	Mar. 31, 2017
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Other Liabilities Disclosure [Text Block]	NOTE 8 – OTHER CURRENT AND NON-CURRENT LIABILITIES Other current liabilities consist of the following: As of March 31, 2017 As of March 31, 2016 Statutory payables $ 15,203 $ 31,756 Employee related liabilities 676,511 518,587 Other liabilities /expenses payable - 534 Total $ 691,714 $ 550,877 Other non-current liabilities consist of the following: As of March 31, 2017 As of March 31, 2016 Creditors $ - $ 37,012 Acquisition related liabilities - 873,571 Total $ - $ 910,583 Sundry creditors consist primarily of creditors to whom amounts are due for supplies and materials received in the normal course of business.

NOTE 9 - OTHER INCOME & INVESTM

NOTE 9 - OTHER INCOME & INVESTMENTS / ASSOCIATES / JOINT VENTURES	12 Months Ended
	Mar. 31, 2017
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	NOTE 9 – OTHER INCOME & INVESTMENTS / ASSOCIATES / JOINT VENTURES The total other income for the fiscal year 2017 is $119,933, which includes $78,886 from our Indian subsidiaries. In fiscal year 2017, IGC, under the heading Investments / Associates / Joint Ventures, booked $227,472 from its disposition of Ironman and $199,700 from its 24.9% ownership of Midtown Partner LLC.

NOTE 10 - FAIR VALUE OF FINANCI

NOTE 10 - FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTE 10 – 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 maturity. Such financial instruments are classified as current and are expected to be liquidated within the next twelve months.

NOTE 11 - INTANGIBLE ASSETS & G

NOTE 11 - INTANGIBLE ASSETS & GOODWILL	12 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 11 – INTANGIBLE ASSETS & GOODWILL The movement in goodwill and intangible assets is given below: As of As of March 31, 2017 March 31, 2016 Intangible assets at the beginning of the period $ 113,321 $ 306,131 Amortization (113,321 ) (158,780 ) Effect of foreign exchange translation - (34,030 ) Total Intangible assets $ - $ 113,321 Goodwill of IGC International Ltd - 982,782 Goodwill of Cabaran Ultima SDN BHD 198,169 198,169 Total Goodwill $ 198,169 $ 1,180,951 The value of intangible assets as of March 31, 2017 amounted to zero as compared to $113,321 as of March 31, 2016. Decrease in goodwill is due to impairment of IGC International goodwill in books of IGC

NOTE 12 - RELATED PARTY TRANSAC

NOTE 12 - RELATED PARTY TRANSACTIONS	12 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 12 – RELATED PARTY TRANSACTIONS We pay an affiliate of our CEO $4,500 per month for office space and certain general and administrative services rendered in Maryland. In addition, we pay another affiliate of our CEO $6,100 per month for office and facilities in Washington State. We believe, based on rents and fees for similar services in the Washington, D.C. metropolitan area, and Washington State that the fee charged by the affiliates are at least as favorable as we could have obtained from an unaffiliated third party and these payments are not considered, or meant to be compensation to our CEO. The rental agreement for the Maryland location is on a month-to-month basis and may be terminated by our Board of Directors of the Company at any time without notice. The rental agreement for Washington State facilities expires on December 31, 2017, unless renewed by mutual consent. During fiscal year ended March 31, 2017, the total rent paid to the affiliates were $54,000 for the office space (and services) in Maryland, and $73,200 for the facilities in Washington State. We expect that these expenses will remain at approximately this level during the fiscal year ending March 31, 2018. All compensation paid to our CFO, including the 300,000 stock grants, and monthly compensation, are paid to an affiliate of our CFO, specifically a limited liability company (LLC) wholly owned by our CFO. There are no payments, other than what is mentioned in this filing, that have been made to the CFO directly or to his LLC. The Company treats payments and issuances of stock made to the LLC as if they are made directly to our CFO. Loans by Related Parties: During fiscal 2015 and part of fiscal 2016, the Company had working capital loans with a U.S. commercial bank for $250,000 at a variable interest rate ranging from 3.25% to 3.75%. These loans are interest only loans that are personally guaranteed and securitized by our CEO. As of March 31, 2017, these loans have been repaid. During fiscal 2016, the Company had Hong Kong based banking facilities for $1,038,961 whose principal, interest, and other charges were guaranteed by our CEO and Sunny Tsang, the Managing Director and Founder of IGC International. As of fiscal year end 2017, IGC and our CEO no longer guarantee these loans because IGC no longer owns IGC International. As of March 31, 2017, the Company has a net unpaid balance of $97,105 in compensation to our CEO. We have a loan of $97,500 from an affiliate of our CEO, at an annual interest rate of zero percent, due February 23, 2022. There is no prepayment penalty. This loan is shown Loan 5 in Note 7. Loans to Related Parties On April 30, 2015, FYE 2016, we loaned Apogee Financial Services $70,000 as working capital for Midtown partners. The loan is outstanding as on March 31, 2017. In FYE 2016 and FYE 2017 we funded our subsidiary TBL for $42,162 and $43,000 respectively for working capital.

NOTE 13 - COMMITMENTS AND CONTI

NOTE 13 - COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 13 – COMMITMENTS AND CONTINGENCIES No significant comments and contingencies were made or existed during fiscal year 2016 and fiscal year 2017.

NOTE 14 - PROPERTY, PLANT AND E

NOTE 14 - PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 14 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consist of the following: Category Useful Life (years) As of March 31, 2017 As of March 31, 2016 Building (flat) 25 $ 241,181 $ 1,238,569 Plant and machinery 20 1,710,055 6,666,402 Computer equipment 3 157,349 218,124 Office equipment 5 119,528 114,508 Furniture and fixtures 5 70,368 118,753 Vehicles 5 292,764 345,830 Assets under construction N/A 957,880 4,885,844 Total $ 3,549,125 $ 13,588,030 Less: Accumulated depreciation $ (2,595,189 ) $ (6,513,593 ) Net Assets $ 953,936 $ 7,074,437 Depreciation and amortization expense for the fiscal years ended March 31, 2017 and March 31, 2016 was $ 396,346

NOTE 15 - SELLING, GENERAL AND

NOTE 15 - SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
	Mar. 31, 2017
Disclosure Text Block [Abstract]
Other Operating Income and Expense [Text Block]	NOTE 15 – SELLING, GENERAL AND ADMINISTRATIVE EXPENSES During fiscal year 2017 and 2016, the Company recorded selling, general and administrative expenses of $1,875,344 and $2,702,753, respectively.

NOTE 16 - STOCK-BASED COMPENSAT

NOTE 16 - STOCK-BASED COMPENSATION	12 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 16 – 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) As of March 31, 2016, 130,045 stock options were awarded that expired on June 27, 2016, and 2,214,950 shares of common stock have been awarded. As of March 31, 2017, a total of 3,491,278 shares of common stock have been awarded and there are no options outstanding and exercisable. As of March 31, 2017, there are no shares of common stock available for future grants of options or stock awards.

NOTE 17 - EMPLOYEE BENEFITS

NOTE 17 - EMPLOYEE BENEFITS	12 Months Ended
	Mar. 31, 2017
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 17 – EMPLOYEE BENEFITS Gratuity 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. As of March 31 2017 2016 Projected Benefit Obligation (PBO) at the beginning of the year $ 11,877 $ 12,403 Service cost 696 698 interest cost 971 933 Benefits paid (1,018 ) (1,244 ) Actuarial (gain)/loss (67 ) (913 ) PBO at the end of the year $ 12,459 $ 11,877 Funded status $ 12,852 $ 12,581 Net gratuity cost for the years ended March 31, 2017 and 2016 included: Year ended March 31 2017 2016 Service cost $ 696 $ 698 Interest cost 971 933 Expected return on plan assets (1,045 ) (1,024 ) Actuarial (gain)/loss (67 ) (913 ) Net gratuity cost $ 555 $ (306 ) The weighted average actuarial assumptions used to determine benefit obligations and net periodic gratuity cost are: Year ended March 31 2017 2016 Discount rate 8 % 8 % Rate of increase in compensation levels 7 % 7 % The Company assesses these assumptions with its projected long-term plans of growth and prevalent industry standards. The expected payout of the accumulated benefit obligation as of March 31 is as follows. As of March 31 2017 2016 Expected contribution during the year ending Year 1 $ 4,642 $ 4,544 Expected benefit payments for the years ending March 31: Year 2 $ 1,464 $ 1,433 Year 3 478 468 Year 4 4,303 4,212 Year 5 324 317 Thereafter 5,428 5,313 Provident fund.

NOTE 18 - INCOME TAXES

NOTE 18 - INCOME TAXES	12 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 18 – INCOME TAXES Income tax expense (benefit) for each of the years ended March 31 consists of the following: March 31, 2017 2016 Current: Federal $ - $ - Foreign 14,431 38,715 State - - Net Current $ 14,431 38,715 Deferred: Federal - - Foreign - (38,136 ) State - - Net Deferred - (38,136 ) Total tax provision $ 14,431 $ 579 The significant components of deferred income tax expense (benefit) from operations before non-controlling interest for each of the years ended March 31 consist of the following: March 31, 2017 2016 Deferred tax expense (benefit) $ - $ (38,136 ) Net operating loss carry forward 652,283 1,291,744 Foreign Tax Credits - - Less: Valuation Allowance 652,283 1,291,744 Net deferred tax expense $ - $ (38,136 ) The table below sets forth income tax expense (benefit) for 2017 and 2016 computed by applying the applicable United States federal income tax rate and is reconciled to the tax expense (benefit) computed at the effective income tax rate: March 31, 2017 2016 Computed expected income tax (benefit) $ 652,283 $ (1,172,590 ) State tax benefit net of federal tax - - Change in valuation allowance 652,283 1,100,645 Deferred expenses from foreign acquisition - - Impairment loss on goodwill - - Impairment loss on investments 410 18,244 Capitalized interest costs - 72,759 Deferred Tax Assets from foreign subsidiaries - - Other - - Effective income tax rate (0.0 %) (0.0 %) The deferred tax assets and liabilities as of March 31 consist of the following tax effects relating to temporary differences and carry forwards: March 31, 2017 2016 Current deferred tax liabilities (assets): Deferred Acquisition Costs – Foreign taxes $ - $ - Valuation allowance - - Net current deferred tax liabilities (assets) $ - $ - Noncurrent deferred tax (assets) liabilities: Deferred Acquisition Costs- Foreign taxes $ - $ (356,684 ) Net Operating Losses 652,283 1,291,744 Valuation allowance (652,283 ) (1,291,744 ) Non-Current net deferred tax (assets) liabilities $ - $ (356,684 ) The company has a book and tax carry forward of approximately $26 million. The company provides a full allowance against any tax benefit which may be realized in the future, if ever. Therefore, the financial statements do not reflect any current or deferred provisions for income taxes.

NOTE 19 - SEGMENT INFORMATION

NOTE 19 - SEGMENT INFORMATION	12 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 19 – 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. The following provides information required by ASC 280-10-50-38 Entity-Wide Information: 1) The table below shows revenue reported by product and service: Product & Service Amount Percent of total revenues Real estate/rental $ 367,279 63 % Trading, electronic component 213,093 37 % TOTAL $ 580,372 100 % 2(a) The table below shows the revenue attributed to the country of domicile (USA) and foreign countries. Revenue is attributed to an individual country if the invoice made to the customer originates in that country. The basis for originating an invoice is the underlining agreement. Geographic Location Amount Percent of total revenues India $ 124,871 22 % Hong Kong 213,093 37 % Malaysia 242,408 41 % TOTAL $ 580,372 100 % 2(b) The table below shows the long-term assets other than financial instruments held in the country of domicile and foreign countries. Nature of Assets USA (Country of Domicile) Foreign Countries (India and Malaysia) Total Intangible Assets $ - $ 198,169 $ 198,169 Property, Plant and Equipment, Net 894,026 59,910 953,936 Investments in Affiliates 773,111 - 773,111 Investments Others 5,174,611 63,392 5,238,003 Deferred Tax Assets - - - Other Non-Current Assets - 539,720 539,720 Total Long-Term Assets $ 6,841,748 $ 861,191 $ 7,702,939

NOTE 20 - RECONCILIATION OF EPS

NOTE 20 - RECONCILIATION OF EPS	12 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 20 – RECONCILIATION OF EPS For the Fiscal Year Ended March 31, 2017 and 2016, the basic shares include founders shares, shares sold in the market, shares sold in a private placement, shares sold in the IPO, shares sold in the registered direct, shares arising from the exercise of warrants issued in the placement of debt, shares issued in connection with debt, shares issued to Ironman shareholders, Golden Gate Electronics Ltd, Apogee Financial, Cabaran Ultima, Brilliant Hallmark and shares issued to employees, directors and vendors. The fully diluted shares include the basic shares plus public warrants, private warrants, UNITS and options. Under the treasury method the weighted average shares for March 31, 2017, is 25,658,544. These are used to calculate basic EPS. The weighted average number of shares outstanding as of March 31, 2016 used for the computation of basic EPS is 16,387,290. Due to the loss incurred during the year ended March 31, 2017, all of the potential equity shares are anti-dilutive and accordingly, the diluted EPS is equal to the basic EPS.

NOTE 21 - INVESTMENTS - OTHERS

NOTE 21 - INVESTMENTS - OTHERS	12 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	NOTE 21 – INVESTMENTS – OTHERS Investments – others for each of the years ended March 31, 2017 and 2016 consists of the following: As of March 31, 2017 As of March 31, 2016 Investment in equity shares of unlisted company & associates $ 63,392 $ 25,781 Investment in Land 5,174,611 5,149,611 Total $ 5,238,003 $ 5,175,392

NOTE 23 - CERTAIN AGED RECEIVAB

NOTE 23 - CERTAIN AGED RECEIVABLES	12 Months Ended
	Mar. 31, 2017
Disclosure Text Block Supplement [Abstract]
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block]	NOTE 23 – CERTAIN AGED RECEIVABLES The receivable and other assets as of March 31, 2017 and March 31, 2016 include certain aged receivables in the amount of $430,689. The aged receivables 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 March 31, 2017. These receivables are included in Accounts Receivable and have been classified as current for the following reasons: The Company’s subsidiary in India, TBL, worked on the building of an airport runway at the Cochin International Airport. During the execution of these projects the clients of the Company requested several changes to the engineering drawings. The claims of the Company against each of the clients involve reimbursement of expenses associated with the change orders and variances as well as compensation for delays caused by the client. The delay part of the claim involves equipment that is idle on the job, including interest or lease charges for the equipment while it is idle, and workers that are idle, among others. The expense reimbursement involves cost of new material including any escalation in the cost of materials, usage of equipment, personnel and other charges that were incurred as a result of the delays caused by the change orders. These invoices were disputed by the clients and referred to arbitration. The process of arbitration involves each party choosing an arbitrator and the arbitrators appointing a third chief arbitrator. Each party then presents its case over several months and the arbitrator makes an award. The receivables occurred and became due when TBL won the arbitration award against Cochin International Airport on July 22, 2009. The arbitration awards stipulate that interest be accrued for the period of non-payment. However, the receivables do not have an interest component as the Company will try and use the accrued interest as negotiating leverage for an earlier payment. Although the receivables are contractually due, and hence its classification as current, it may take the Company anywhere from the next 30 days to 6 months to actually realize the funds, depending on final verdict to happen in few months. The Company continues to carry the full value of the receivables without interest and without any impairment, because the Company believes that there is minimal risk that these organizations will become insolvent and unable to make payment.

NOTE 24 - INVESTMENT IN AFFILIA

NOTE 24 - INVESTMENT IN AFFILIATES	12 Months Ended
	Mar. 31, 2017
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Investments in and Advances to Affiliates, Schedule of Investments [Text Block]	NOTE 24 – INVESTMENT IN AFFILIATES Pursuant to the December 18, 2014 Purchase Agreement with Apogee, we issued 1,200,000 common shares of IGC valued at $888,000 for the purchase of 24.9% ownership interest in Midtown Partners & Co., LLC. The Purchase Agreement expired on June 30, 2015, and the Company is pursuing its rights under the terms of the Purchase Agreement to recover certain damages. Using the equity method the Company has increased the value of its investment in Midtown Partners. Please see Note 9- Other Income and Note 12-Related Party Transactions.

NOTE 25 - SUBSEQUENT EVENTS

NOTE 25 - SUBSEQUENT EVENTS	12 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 25 – SUBSEQUENT EVENTS We acquired a 10% stake in a 1,000-room luxury hotel development project encompassing 6+ acres in Genting Highlands, Malaysia by subscribing to 10% stake in Brilliant Hallmark Sdn. Bhd. (“Brilliant”) free and clear of all encumbrances in exchange for 4,000,000 shares of our common stock. On April 3, 2017, IGC sold back its ten percent holding in Brilliant Hallmark for a consideration of 4 million shares of IGC’s Common Stock that will be returned and retired, thereby reducing the outstanding IGC shares. The Brilliant Hallmark investment will, once the IGC shares are retired, be removed from the IGC balance sheet, with an associated reduction of approximately $1,880,000. The Company does not expect to record a gain or loss from this transaction. In April 2017, we closed a non-operational Hong Kong based subsidiary that we incorporated in January 2013 named IGC HK Mining and Trading Limited (“IGC-HK”), whose name we later changed to IGC Cleantech Ltd (“IGC-CT”). As reported on Current Report on Form 8-K filed on June 2017, IGC acquired exclusive rights to a patent filing, made by the University of South Florida entitled “THC as a Potential Therapeutic Agent for Alzheimer’s Disease.”

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	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]	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 non-controlling interest disclosed in the accompanying financial statements for fiscal year 2017 represent the non-controlling interest in Cabaran Ultima’s subsidiaries 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.
Reclassification, Policy [Policy Text Block]	Reclassifications We are reclassifying $2,192,226 loans from current liability to non-current liability, as management does not expect to pay these loans back within 12 months.
Use of Estimates, Policy [Policy Text Block]	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.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The majority of the revenue recognized for the years ended March 31, 2017 and 2016 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. 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. We consider 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. 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.
Earnings Per Share, Policy [Policy Text Block]	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]	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. As of March 31, 2017 and 2016, there was no significant liability for income tax associated with unrecognized tax benefits. The issuance by IGC of its common stock to (1) Ironman stockholders in exchange for Ironman stock; to (2) Golden Gate Electronics Ltd (“GG”) in exchange for GG stock; to (3) Apogee Financial in exchange for a membership interest in Midtown Partners, LLC; to (4) Cabaran Ultima (“Ultima”) in exchange for Ultima’s stock, and to (5) Brilliant Hallmark, as contemplated by the respective stock purchase agreements between the Company and Ironman and their stockholders; between the Company and Golden Gate Electronics Ltd and its stockholders; between the Company and Apogee Financial and their stockholders; and between the Company and Cabaran Ultima and its stockholders, generally will not be taxable transactions to U.S. holders for U.S. federal income tax purposes. It is expected that IGC and its stockholders will not recognize any gain or loss from these transactions for U.S. federal income tax purposes.
Cash and Cash Equivalents, Policy [Policy Text Block]	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 it s
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign currency transactions IGC operates in India and Malaysia and a substantial portion of the Company’s sales are denominated in INR, and RM, as of those respective operations. As a result, changes in the relative values of the U.S. dollar and INR or the RM 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, HKD, RMB and the RM 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 End Average Rate Period End Rate Period (P&L rate) (Balance sheet rate) Year ended March 31, 2017 INR 67.01 per USD INR 64.85 per USD RMB 6.69 per USD RMB 6.95 per USD HKD 7.76 per USD HKD 7.77 per USD RM 4.20 per USD RM 4.42 per USD Year ended March 31, 2016 INR 65.39 per USD INR 66.25 per USD RMB 6.32 per USD RMB 6.44 per USD HKD 7.76 per USD HKD 7.76 per USD RM 4.11 per USD RM 3.90 per USD
Receivables, Policy [Policy Text Block]	Accounts receivable Accounts receivable from customers in the electronics business were recorded at the invoiced amount, taking into consideration any adjustments made for returns. Also, the Company evaluates the collectability of selected accounts receivable on a case-by-case basis and makes adjustments to the bad debt reserve for expected losses. For all other accounts, the Company estimates reserves for bad debts based on general aging, experience and past-due status of the accounts. When applicable, the Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of clients to make required payments. The allowance for doubtful accounts is determined by evaluating the relative credit worthiness of each client, historical collections experience and other information, including the aging of the receivables. If circumstances related to customers change, estimates of recoverability would be further adjusted. Regarding our collection policy on electronics trading receivables, there were three types of trades: (1) payment guaranteed through letters of credit, (2) deposit or spot payment on delivery or (3) delivery on credit. With the first type of trade: our policy for collection is to ask the customer to open a letter of credit with a bank. The typical terms of the letter of credit are that 100% of the payment is made when the material is shipped. With the second type of trade, customers pay on delivery. On the third type of trade, our policy is to allow the customer to have a payment credit term of 90 days.
Investment, Policy [Policy Text Block]	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 is in excess of 20% the Company has accounted for the investment based on the equity method, as in the case of Midtown Partners & Co., LLC (“MTP”)
Property, Plant and Equipment, Policy [Policy Text Block]	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
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments As of March 31, 2017 and 2016, 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]	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. During this fiscal year, sales were spread across many customers in Hong Kong, China, India and Malaysia, and the credit concentration risk is low.
Postemployment Benefit Plans, Policy [Policy Text Block]	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 does not participate in a multi-employer defined contribution plan in China to provide employees with certain retirement, medical and other fringe benefits because the Company has exited the business in China. In the United States, we provide health insurance, life insurance, and 401-K benefits.
Commitments and Contingencies, Policy [Policy Text Block]	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]	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 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. Pursuant to 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 it operates in a single operating segment. While the Company’s Chief Executive Officer reviews the consolidated financial information for the purposes of decisions relating to resource allocation, the Company’s Chief Financial Officer, on an as-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. 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, Cabaran Ultima, which is the legal entities in Malaysia, is also considered separate reporting units and therefore the Company believes that the assessment of goodwill impairment at the subsidiaries level, which are also a reporting unit each, 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.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	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 and impact of changes in government policies. 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.
New Accounting Pronouncements, Policy [Policy Text Block]	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. Recognition and Measurement of Financial Assets and Financial Liabilities: Revenue from Contracts with Customers

NOTE 1 - NATURE OF OPERATIONS32

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Tables)	12 Months Ended
	Mar. 31, 2017
Disclosure Text Block [Abstract]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]	The table below lists our subsidiaries. Subsidiaries Immediate holding company Country of Incorporation Percentage of holding as of March 31, 2017 Percentage of holding as of March 31, 2016 H&F Ironman Limited (“HK Ironman”) IGC Hong Kong 0 100 Linxi H&F Economic and Trade Co. (“PRC Ironman”) HK Ironman Peoples’ Republic of China 0 95 IGC – Mauritius (“IGC-M”) IGC Mauritius 100 100 Techni Bharathi Private Limited (“TBL”) IGC-M India 100 100 India Mining and Trading Private Limited (“IGC-IMT”) IGC-M India 100 100 IGC Materials Private Limited (“IGC-MPL”) IGC-M India 100 100 IGC Logistic Private Limited (“IGC-LPL”) IGC-M India 100 100 IGC Cleantech Limited (“IGC-CT”) (1) IGC-M Hong Kong 100 100 IGC International Limited (“IGC-INT”) (2) IGC Hong Kong 0 51 Cabaran Ultima Sdn. Bhd., (“Ultima”) IGC Malaysia 100 100 RGF Cabaran Sdn. Bhd. (“RGF”) Ultima Malaysia 51 51 RGF Construction Sdn. Bhd. RGF Malaysia 75 75
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The fair value of options was valued at $22,300 using a Black-Scholes Pricing Model with the following assumptions: Granted in Fiscal 2017 Expected life of options 7 years Vested options 100 % Risk free interest rate 0.70 % Expected volatility 119.5 % Expected dividend yield Nil

NOTE 2 - SIGNIFICANT ACCOUNTI33

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Mar. 31, 2017
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 End Average Rate Period End Rate Period (P&L rate) (Balance sheet rate) Year ended March 31, 2017 INR 67.01 per USD INR 64.85 per USD RMB 6.69 per USD RMB 6.95 per USD HKD 7.76 per USD HKD 7.77 per USD RM 4.20 per USD RM 4.42 per USD Year ended March 31, 2016 INR 65.39 per USD INR 66.25 per USD RMB 6.32 per USD RMB 6.44 per USD HKD 7.76 per USD HKD 7.76 per USD RM 4.11 per USD RM 3.90 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]	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

NOTE 3 - ACQUISITIONS (Tables)

NOTE 3 - ACQUISITIONS (Tables) - Cabaran Ultima SDN BHD [Member]	12 Months Ended
	Mar. 31, 2017
NOTE 3 - ACQUISITIONS (Tables) [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Purchase price of the acquisition consisted of up to 998,571 shares of our common stock, valued at approximately $169,757on the closing date of the acquisition and the same will be discharged as follows: All amounts in USD Particulars Fair Value IGC Stock Consideration $ 169,757 Total Purchase Consideration $ 169,757
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The purchase has been preliminarily allocated to the acquired assets and liabilities, as follows: All amounts in USD Particulars Fair Value Property, Plant and Equipment $ 1,421 Trade and other receivables 12,385 Reimbursement Account 63,564 Cash and bank balances 16,438 Deposit & Prepayment 6,205 Trade and other payables (133,804 ) Other payables (12,789 ) Non-Controlling interest 18,168 Goodwill 198,169 Total Purchase Consideration $ 169,757
Business Acquisition, Pro Forma Information [Table Text Block]	Particulars 2017 2016 Pro forma revenue $ 580,372 $ 6,727,396 Pro forma other income $ 547,105 $ 284,186 Pro forma net income attributable to IGC Stockholders $ (1,867,260 ) $ (2,525,174 ) Pro forma Earnings per share Basic (0.07 ) (0.15 ) Diluted (0.07 ) (0.15 ) Year ended March 31, 2017 Particulars With IGC-INT and Ironman Without IGC-INT and Ironman Pro forma revenue $ 580,372 $ 367,279 Pro forma other income 547,105 283,886 Pro forma net income attributable to IGC Stockholders $ (1,867,260 ) $ (1,801,139 ) Pro forma Earnings per share Basic (0.07 ) (0.07 ) Diluted (0.07 ) (0.07 ) Year ended March 31, 2016 Particulars With IGC-INT and Ironman Without IGC-INT and Ironman Pro forma net revenue $ 6,366,550 $ 114,748 Pro forma other income net 284,186 274,537 Pro forma net income attributable to IGC Stockholders $ (2,808,244 ) $ (2,137,352 ) Pro forma Earnings per share Basic (0.17 ) (0.13 ) Diluted (0.17 ) (0.13 )

NOTE 5 - OTHER CURRENT AND NO35

NOTE 5 - OTHER CURRENT AND NON-CURRENT ASSETS (Tables)	12 Months Ended
	Mar. 31, 2017
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: As of March 31, 2017 As of March 31, 2016 Prepaid /preliminary expenses $ 6,750 $ - Advance to suppliers & services 240,968 315,659 Security/statutory advances 14,216 14,399 Advances to employees 111,882 878,042 Prepaid and accrued interest 1,436 1,239 Deposit and other current assets 35,156 17,168 Total $ 410,408 $ 1,226,507 * Advances to Employees shown in fiscal 2016 represent advances made to employees of Ironman by Ironman, prior to its acquisition by IGC. In fiscal 2017 no advances to Ironman employees are shown.
Schedule of Other Assets, Noncurrent [Table Text Block]	Other non-current assets consist of the following: As of March 31, 2017 As of March 31, 2016 Statutory/Other advances $ 539,720 $ 507,300 Total $ 539,720 $ 507,300

NOTE 8 - OTHER CURRENT AND NO36

NOTE 8 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Tables)	12 Months Ended
	Mar. 31, 2017
Other Current Liabilities [Member]
NOTE 8 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Tables) [Line Items]
Schedule of Other Assets and Other Liabilities [Table Text Block]	Other current liabilities consist of the following: As of March 31, 2017 As of March 31, 2016 Statutory payables $ 15,203 $ 31,756 Employee related liabilities 676,511 518,587 Other liabilities /expenses payable - 534 Total $ 691,714 $ 550,877
Other Noncurrent Liabilities [Member]
NOTE 8 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Tables) [Line Items]
Schedule of Other Assets and Other Liabilities [Table Text Block]	Other non-current liabilities consist of the following: As of March 31, 2017 As of March 31, 2016 Creditors $ - $ 37,012 Acquisition related liabilities - 873,571 Total $ - $ 910,583

NOTE 11 - INTANGIBLE ASSETS &37

NOTE 11 - INTANGIBLE ASSETS & GOODWILL (Tables)	12 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	The movement in goodwill and intangible assets is given below: As of As of March 31, 2017 March 31, 2016 Intangible assets at the beginning of the period $ 113,321 $ 306,131 Amortization (113,321 ) (158,780 ) Effect of foreign exchange translation - (34,030 ) Total Intangible assets $ - $ 113,321 Goodwill of IGC International Ltd - 982,782 Goodwill of Cabaran Ultima SDN BHD 198,169 198,169 Total Goodwill $ 198,169 $ 1,180,951

NOTE 14 - PROPERTY, PLANT AND38

NOTE 14 - PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Mar. 31, 2017
Property Plant and Equipment Table [Member]
NOTE 14 - 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) As of March 31, 2017 As of March 31, 2016 Building (flat) 25 $ 241,181 $ 1,238,569 Plant and machinery 20 1,710,055 6,666,402 Computer equipment 3 157,349 218,124 Office equipment 5 119,528 114,508 Furniture and fixtures 5 70,368 118,753 Vehicles 5 292,764 345,830 Assets under construction N/A 957,880 4,885,844 Total $ 3,549,125 $ 13,588,030 Less: Accumulated depreciation $ (2,595,189 ) $ (6,513,593 ) Net Assets $ 953,936 $ 7,074,437

NOTE 17 - EMPLOYEE BENEFITS (Ta

NOTE 17 - EMPLOYEE BENEFITS (Tables)	12 Months Ended
	Mar. 31, 2017
Retirement Benefits [Abstract]
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block]	Gratuity 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. As of March 31 2017 2016 Projected Benefit Obligation (PBO) at the beginning of the year $ 11,877 $ 12,403 Service cost 696 698 interest cost 971 933 Benefits paid (1,018 ) (1,244 ) Actuarial (gain)/loss (67 ) (913 ) PBO at the end of the year $ 12,459 $ 11,877 Funded status $ 12,852 $ 12,581
Schedule of Net Benefit Costs [Table Text Block]	Net gratuity cost for the years ended March 31, 2017 and 2016 included: Year ended March 31 2017 2016 Service cost $ 696 $ 698 Interest cost 971 933 Expected return on plan assets (1,045 ) (1,024 ) Actuarial (gain)/loss (67 ) (913 ) Net gratuity cost $ 555 $ (306 )
Schedule of Assumptions Used [Table Text Block]	The weighted average actuarial assumptions used to determine benefit obligations and net periodic gratuity cost are: Year ended March 31 2017 2016 Discount rate 8 % 8 % Rate of increase in compensation levels 7 % 7 %
Schedule of Expected Benefit Payments [Table Text Block]	The expected payout of the accumulated benefit obligation as of March 31 is as follows. As of March 31 2017 2016 Expected contribution during the year ending Year 1 $ 4,642 $ 4,544 Expected benefit payments for the years ending March 31: Year 2 $ 1,464 $ 1,433 Year 3 478 468 Year 4 4,303 4,212 Year 5 324 317 Thereafter 5,428 5,313

NOTE 18 - INCOME TAXES (Tables)

NOTE 18 - INCOME TAXES (Tables)	12 Months Ended
	Mar. 31, 2017
NOTE 18 - INCOME TAXES (Tables) [Line Items]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Income tax expense (benefit) for each of the years ended March 31 consists of the following: March 31, 2017 2016 Current: Federal $ - $ - Foreign 14,431 38,715 State - - Net Current $ 14,431 38,715 Deferred: Federal - - Foreign - (38,136 ) State - - Net Deferred - (38,136 ) Total tax provision $ 14,431 $ 579
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The table below sets forth income tax expense (benefit) for 2017 and 2016 computed by applying the applicable United States federal income tax rate and is reconciled to the tax expense (benefit) computed at the effective income tax rate: March 31, 2017 2016 Computed expected income tax (benefit) $ 652,283 $ (1,172,590 ) State tax benefit net of federal tax - - Change in valuation allowance 652,283 1,100,645 Deferred expenses from foreign acquisition - - Impairment loss on goodwill - - Impairment loss on investments 410 18,244 Capitalized interest costs - 72,759 Deferred Tax Assets from foreign subsidiaries - - Other - - Effective income tax rate (0.0 %) (0.0 %)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The deferred tax assets and liabilities as of March 31 consist of the following tax effects relating to temporary differences and carry forwards: March 31, 2017 2016 Current deferred tax liabilities (assets): Deferred Acquisition Costs – Foreign taxes $ - $ - Valuation allowance - - Net current deferred tax liabilities (assets) $ - $ - Noncurrent deferred tax (assets) liabilities: Deferred Acquisition Costs- Foreign taxes $ - $ (356,684 ) Net Operating Losses 652,283 1,291,744 Valuation allowance (652,283 ) (1,291,744 ) Non-Current net deferred tax (assets) liabilities $ - $ (356,684 )
Parent Company [Member]
NOTE 18 - INCOME TAXES (Tables) [Line Items]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The significant components of deferred income tax expense (benefit) from operations before non-controlling interest for each of the years ended March 31 consist of the following: March 31, 2017 2016 Deferred tax expense (benefit) $ - $ (38,136 ) Net operating loss carry forward 652,283 1,291,744 Foreign Tax Credits - - Less: Valuation Allowance 652,283 1,291,744 Net deferred tax expense $ - $ (38,136 )

NOTE 19 - SEGMENT INFORMATION (

NOTE 19 - SEGMENT INFORMATION (Tables)	12 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Revenue from External Customers by Products and Services [Table Text Block]	The table below shows revenue reported by product and service: Product & Service Amount Percent of total revenues Real estate/rental $ 367,279 63 % Trading, electronic component 213,093 37 % TOTAL $ 580,372 100 %
Revenue from External Customers by Geographic Areas [Table Text Block]	The table below shows the revenue attributed to the country of domicile (USA) and foreign countries. Revenue is attributed to an individual country if the invoice made to the customer originates in that country. The basis for originating an invoice is the underlining agreement. Geographic Location Amount Percent of total revenues India $ 124,871 22 % Hong Kong 213,093 37 % Malaysia 242,408 41 % TOTAL $ 580,372 100 %
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	The table below shows the long-term assets other than financial instruments held in the country of domicile and foreign countries. Nature of Assets USA (Country of Domicile) Foreign Countries (India and Malaysia) Total Intangible Assets $ - $ 198,169 $ 198,169 Property, Plant and Equipment, Net 894,026 59,910 953,936 Investments in Affiliates 773,111 - 773,111 Investments Others 5,174,611 63,392 5,238,003 Deferred Tax Assets - - - Other Non-Current Assets - 539,720 539,720 Total Long-Term Assets $ 6,841,748 $ 861,191 $ 7,702,939

NOTE 21 - INVESTMENTS - OTHERS

NOTE 21 - INVESTMENTS - OTHERS (Tables)	12 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Table Text Block]	Investments – others for each of the years ended March 31, 2017 and 2016 consists of the following: As of March 31, 2017 As of March 31, 2016 Investment in equity shares of unlisted company & associates $ 63,392 $ 25,781 Investment in Land 5,174,611 5,149,611 Total $ 5,238,003 $ 5,175,392

NOTE 1 - NATURE OF OPERATIONS43

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details)

Feb. 11, 2016USD ($)shares

Feb. 02, 2015

Dec. 18, 2014USD ($)shares

Jun. 27, 2014

Jun. 08, 2014USD ($)

May 31, 2014USD ($)shares

Aug. 22, 2013USD ($)

Apr. 19, 2013

Dec. 30, 2011shares

Jan. 31, 2017USD ($)shares

Aug. 31, 2016USD ($)shares

Mar. 23, 2016USD ($)shares

Feb. 29, 2016USD ($)shares

Mar. 31, 2017USD ($)$ / sharesshares

Mar. 31, 2016USD ($)shares

Mar. 31, 2015USD ($)shares

Mar. 31, 2014USD ($)shares

Oct. 31, 2014a

Sep. 12, 2014USD ($)shares

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Loss Contingency, Number of Defendants

24

Business Combination, Consideration Transferred (in Dollars) | $

$ 169,757

Business Combination, Consideration Transferred, Equity Interests Issued and Issuable (in Dollars) | $

$ 169,757

Stock Issued During Period, Value, Acquisitions (in Dollars) | $

$ 1,833,323

$ 151,590

Number of Operating Segments

1

Trading Securities, Description

We have one security listed on the NYSE MKT: Common Stock, $.0001 par value (ticker symbol: IGC) (“Common Stock”). This security is also available for trading on the Borse Frankfurt, Stuttgart, and Berlin Exchanges (ticker symbol: IGS1). We have redeemable warrants (CUSIP number 45408X118 expiring on March 6, 2019) to purchase Common Stock (ticker symbol: IGC.WT) listed on the OTC markets.We have Units consisting of one share of Common Stock and two redeemable warrants to purchase Common Stock that are not listed. The Unit holders are requested to contact the Company to get their existing Units separated into Common Stock and Warrants.

Stockholders' Equity, Reverse Stock Split

10:1

Warrants Call, Warrant Description

The Company has a right to call the warrants, provided the Common Stock has traded at a closing price of at least $8.50 per share for any 20 trading days within a 30-trading day period ending on the third business day prior to the date on which notice of redemption is given. If the Company calls the warrants, either the holder will have to exercise the warrants by purchasing the Common Stock from the Company for $5.00 or the warrants will expire. In accordance with the terms of the outstanding warrant agreements between the Company and its warrant holders, the Company in its sole discretion may lower the price of its warrants at any time prior to their expiration date.

Stock Issued During Period, Shares, Issued for Services

50,000

At the Market Agreement, Maximum Offering Price (in Dollars) | $

$ 1,500,000

$ 4,000,000

Estimated Net Proceeds from At the Market Agreement (in Dollars) | $

$ 5,500,000

$ 3,600,000

Stock Issued During Period, Shares, New Issues

4,253,246

1,697,021

Stock Issued During Period, Value, New Issues (in Dollars) | $

$ 1,500,000

$ 642,164

$ 332,054

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures

3,491,278

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

160,000

130,045

Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share) | $ / shares

$ 0.10

Share-based Compensation Arrangement by Share-based Payment Award, Options, Fair Value Grants in Period (in Dollars) | $

$ 22,300

Number of Units

99,227

Common Stock, Shares, Issued

28,272,667

23,265,531

Common Stock, Shares, Outstanding

28,272,667

23,265,531

Public Warrants [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Class of Warrant or Right, Outstanding

11,656,668

Warrant Expirations Date

Mar. 6, 2019

Class of Warrant or Right, Number of Securities Called by Warrants or Rights

1,165,667

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares

$ 50

Private Warrants [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Class of Warrant or Right, Outstanding

831,768

Warrant Expirations Date

Dec. 8, 2017

Class of Warrant or Right, Number of Securities Called by Warrants or Rights

83,176

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares

$ 9

Marketing Group (MMGI) [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Stock Issued During Period, Shares, Issued for Services

90,000

20,000

Stock Issued During Period, Value, Issued for Services (in Dollars) | $

$ 23,400

$ 8,000

Axiom Financial Inc. [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Stock Issued During Period, Shares, Issued for Services

40,000

Stock Issued During Period, Value, Issued for Services (in Dollars) | $

$ 16,000

International Pharma Trials [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Stock Issued During Period, Shares, Issued for Services

250,000

Stock Issued During Period, Value, Issued for Services (in Dollars) | $

$ 100,000

Acorn Management Partners [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Stock Issued During Period, Shares, Issued for Services

100,000

Stock Issued During Period, Value, Issued for Services (in Dollars) | $

$ 40,000

At The Market (ATM) Agreement [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

At the Market Agreement, Maximum Offering Price (in Dollars) | $

$ 10,000,000

Stock Issued During Period, Shares, New Issues

1,358,769

2,001,815

1,256,005

Stock Issued During Period, Value, New Issues (in Dollars) | $

$ 332,054

$ 2,961,022

$ 1,251,896

CEO and Directors [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

1,500,000

Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity, Fair Value Authorized (in Dollars) | $

$ 615,000

Chief Financial Officer [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures

250,000

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

2 years

Golden Gate Electronics Limited ("Golden Gate") [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Stock Repurchased and Retired During Period, Shares

205,661

Equity Method Investment, Ownership Percentage

51.00%

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares

1,209,765

Business Combination, Consideration Transferred (in Dollars) | $

$ 1,052,496

TerraSphere Systems, LLC [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Sale of Stock, Percentage of Ownership after Transaction

51.00%

Midtown Partners. LLC [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Sale of Stock, Percentage of Ownership after Transaction

24.90%

Equity Method Investment, Ownership Percentage

24.90%

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares

1,200,000

Business Combination, Consideration Transferred, Equity Interests Issued and Issuable (in Dollars) | $

$ 888,000

Cabaran Ultima SDN BHD [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Equity Method Investment, Ownership Percentage

100.00%

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares

998,571

998,571

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

100.00%

Business Combination, Consideration Transferred, Equity Interests Issued and Issuable (in Dollars) | $

$ 169,757

$ 169,758

Stock Issued During Period, Shares, Acquisitions

998,571

Stock Issued During Period, Value, Acquisitions (in Dollars) | $

$ 169,757

H&F Ironman Limited ("HK Ironman") [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares

3,150,000

Business Acquisition, Percentage of Voting Interests Acquired

100.00%

Minority Interest Exchanged for Land [Member] | Sricon Infrastructure Private Limited (Sricon) [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Noncontrolling Interest, Ownership Percentage by Parent

22.00%

Minority Interest Exchanged for Land [Member] | Land [Member] | INDIA

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Area of Land (in Acres) | a

5

H&F Ironman Limited ("HK Ironman") [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Sale of Stock, Percentage of Ownership after Transaction

100.00%

Stock Repurchased and Retired During Period, Shares

3,150,000

Subsidiary or Equity Method Investee, Cumulative Number of Shares Issued for All Transactions

0

Equity Method Investment, Ownership Percentage

0.00%

100.00%

H&F Ironman Limited ("HK Ironman") [Member] | Linxi H&F Economic and Trade Co. ("PRC Ironman") [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Sale of Stock, Percentage of Ownership after Transaction

95.00%

RGF Cabaran Sdn Bhd [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Equity Method Investment, Ownership Percentage

51.00%

51.00%

RGF Cabaran Sdn Bhd [Member] | Cabaran Ultima SDN BHD [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Equity Method Investment, Ownership Percentage

51.00%

RGF Construction Sdn. Bhd. [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Equity Method Investment, Ownership Percentage

75.00%

75.00%

RGF Construction Sdn. Bhd. [Member] | Cabaran Ultima SDN BHD [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Equity Method Investment, Ownership Percentage

75.00%

Brilliant Hallmark [Member]

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) [Line Items]

Equity Method Investment, Ownership Percentage

10.00%

Stock Issued During Period, Shares, Acquisitions

4,000,000

Stock Issued During Period, Value, Acquisitions (in Dollars) | $

$ 1,880,000

NOTE 1 - NATURE OF OPERATIONS44

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) - Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net		12 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
H&F Ironman Limited ("HK Ironman") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Immediate holding company		IGC
Country of Incorporation		Hong Kong
Percentage of holding		0.00%	100.00%
Linxi H&F Economic and Trade Co. ("PRC Ironman") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Immediate holding company		HK Ironman
Country of Incorporation		Peoples' Republic of China
Percentage of holding		0.00%	95.00%
IGC - Mauritius (IGC-M) [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Immediate holding company		IGC
Country of Incorporation		Mauritius
Percentage of holding		100.00%	100.00%
Techni Bharathi Limited ("TBL") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Immediate holding company		IGC-M
Country of Incorporation		India
Percentage of holding		100.00%	100.00%
IGC India Mining and Trading Private Limited ("IGC-IMT") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [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]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Immediate holding company		IGC-M
Country of Incorporation		India
Percentage of holding		100.00%	100.00%
IGC Logistic Private Limited ("IGC-LPL") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Immediate holding company		IGC-M
Country of Incorporation		India
Percentage of holding		100.00%	100.00%
IGC Cleantech Limited ("IGC-CT") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Immediate holding company	[1]	IGC-M
Country of Incorporation	[1]	Hong Kong
Percentage of holding	[1]	100.00%	100.00%
IGC International Limited ("IGC-INT") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Immediate holding company	[2]	IGC
Country of Incorporation	[2]	Hong Kong
Percentage of holding	[2]	0.00%	51.00%
Cabaran Ultima SDN BHD [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Immediate holding company		IGC
Country of Incorporation		Malaysia
Percentage of holding		100.00%	100.00%
RGF Cabaran Sdn Bhd [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Immediate holding company		Ultima
Country of Incorporation		Malaysia
Percentage of holding		51.00%	51.00%
RGF Construction Sdn. Bhd. [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Immediate holding company		RGF
Country of Incorporation		Malaysia
Percentage of holding		75.00%	75.00%
[1]	Formerly known as IGC HK Mining and Trading Limited.
[2]	Formerly known as Golden Gate Electronics Limited.

NOTE 1 - NATURE OF OPERATIONS45

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details) - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	12 Months Ended
	Mar. 31, 2017
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Abstract]
Expected life of options	7 years
Vested options	100.00%
Risk free interest rate	0.70%
Expected volatility	119.50%
Expected dividend yield	0.00%

NOTE 2 - SIGNIFICANT ACCOUNTI46

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Mar. 31, 2017USD ($)
Accounting Policies [Abstract]
Prior Period Reclassification Adjustment	$ 2,192,226
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	12.00%

NOTE 2 - SIGNIFICANT ACCOUNTI47

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates	Mar. 31, 2017	Mar. 31, 2016
India, Rupees
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]
Exchange Rate, Period End Rate (Balance sheet rate)	64.85	66.25
India, Rupees | Weighted Average [Member]
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]
Exchange Rate, Period End Average Rate (P&L rate)	67.01	65.39
China, Yuan Renminbi
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]
Exchange Rate, Period End Rate (Balance sheet rate)	6.95	6.44
China, Yuan Renminbi | Weighted Average [Member]
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]
Exchange Rate, Period End Average Rate (P&L rate)	6.69	6.32
Hong Kong, Dollars
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]
Exchange Rate, Period End Rate (Balance sheet rate)	7.77	7.76
Hong Kong, Dollars | Weighted Average [Member]
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]
Exchange Rate, Period End Average Rate (P&L rate)	7.76	7.76
Malaysia, Ringgits
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]
Exchange Rate, Period End Rate (Balance sheet rate)	4.42	3.90
Malaysia, Ringgits | Weighted Average [Member]
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Foreign Currency Exchange Rates [Line Items]
Exchange Rate, Period End Average Rate (P&L rate)	4.20	4.11

NOTE 2 - SIGNIFICANT ACCOUNTI48

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Estimated Useful Lives	12 Months Ended
	Mar. 31, 2017
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	25 years
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	20 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	20 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Computer Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Computer Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Vehicles [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Vehicles [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years

NOTE 3 - ACQUISITIONS (Details)

NOTE 3 - ACQUISITIONS (Details) - Cabaran Ultima SDN BHD [Member] - USD ($)	Feb. 11, 2016	Feb. 29, 2016
NOTE 3 - ACQUISITIONS (Details) [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%	100.00%
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	998,571	998,571
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 169,757

NOTE 3 - ACQUISITIONS (Details

NOTE 3 - ACQUISITIONS (Details) - Schedule of Business Acquisitions, by Acquisition	Feb. 11, 2016USD ($)
Schedule of Business Acquisitions, by Acquisition [Abstract]
IGC Stock Consideration	$ 169,757
Total Purchase Consideration	$ 169,757

NOTE 3 - ACQUISITIONS (Detai51

NOTE 3 - ACQUISITIONS (Details) - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed - USD ($)	Mar. 31, 2017	Mar. 31, 2016	Feb. 11, 2016
NOTE 3 - ACQUISITIONS (Details) - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Line Items]
Goodwill	$ 198,169	$ 1,180,951
Cabaran Ultima SDN BHD [Member]
NOTE 3 - ACQUISITIONS (Details) - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Line Items]
Property, Plant and Equipment			$ 1,421
Trade and other receivables			12,385
Reimbursement Account			63,564
Cash and bank balances			16,438
Deposit & Prepayment			6,205
Trade and other payables			(133,804)
Other payables			(12,789)
Non-Controlling interest			18,168
Goodwill			198,169
Total Purchase Consideration			$ 169,757

NOTE 3 - ACQUISITIONS (Detai52

NOTE 3 - ACQUISITIONS (Details) - Business Acquisition, Pro Forma Information - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cabaran Ultima SDN BHD [Member]
NOTE 3 - ACQUISITIONS (Details) - Business Acquisition, Pro Forma Information [Line Items]
Pro forma revenue	$ 580,372	$ 6,727,396
Pro forma other income	547,105	284,186
Pro forma net income attributable to IGC Stockholders	$ (1,867,260)	$ (2,525,174)
Basic (in Dollars per share)	$ (0.07)	$ (0.15)
Diluted (in Dollars per share)	$ (0.07)	$ (0.15)
IGC INT and Ironman [Member]
NOTE 3 - ACQUISITIONS (Details) - Business Acquisition, Pro Forma Information [Line Items]
Pro forma revenue	$ 580,372	$ 6,366,550
Pro forma other income	547,105	284,186
Pro forma net income attributable to IGC Stockholders	$ (1,867,260)	$ (2,808,244)
Basic (in Dollars per share)	$ (0.07)	$ (0.17)
Diluted (in Dollars per share)	$ (0.07)	$ (0.17)
Without IGC and Ironman [Member]
NOTE 3 - ACQUISITIONS (Details) - Business Acquisition, Pro Forma Information [Line Items]
Pro forma revenue	$ 367,279	$ 114,748
Pro forma other income	283,886	274,537
Pro forma net income attributable to IGC Stockholders	$ (1,801,139)	$ (2,137,352)
Basic (in Dollars per share)	$ (0.07)	$ (0.13)
Diluted (in Dollars per share)	$ (0.07)	$ (0.13)

NOTE 5 - OTHER CURRENT AND NO53

NOTE 5 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) - Land [Member]	May 21, 2012USD ($)
NOTE 5 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) [Line Items]
Land	$ 616,806
Payments to Acquire Land	$ 377,795

NOTE 5 - OTHER CURRENT AND NO54

NOTE 5 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) - Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid /preliminary expenses	$ 6,750	$ 0
Advance to suppliers & services	240,968	315,659
Security/statutory advances	14,216	14,399
Advances to employees	111,882	878,042
Prepaid and accrued interest	1,436	1,239
Deposit and other current assets	35,156	17,168
Total	$ 410,408	$ 1,226,507

NOTE 5 - OTHER CURRENT AND NO55

NOTE 5 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) - Schedule of Other Assets, Noncurrent - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Schedule of Other Assets, Noncurrent [Abstract]
Statutory/Other advances	$ 539,720	$ 507,300
Total	$ 539,720	$ 507,300

NOTE 6 - SHORT-TERM BORROWINGS

NOTE 6 - SHORT-TERM BORROWINGS (Details) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Disclosure Text Block [Abstract]
Short-term Debt	$ 0	$ 27,762

NOTE 7 - NOTES PAYABLE AND LO57

NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS (Details)	Mar. 31, 2013USD ($)shares	Oct. 09, 2012shares	Oct. 16, 2009USD ($)shares	Mar. 31, 2011shares	Mar. 31, 2017USD ($)shares	Mar. 31, 2016USD ($)shares	Mar. 31, 2015USD ($)shares	Mar. 31, 2014USD ($)shares
NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]
Stock Issued During Period, Value, Other					$ (7,839,750)
Interest Expense					223,464	$ 213,928
Interest Costs Capitalized					$ 0
Interest Paid, Capitalized						0
Number of Notes					5
Other Loans Payable, Long-term, Noncurrent					$ 392,226	$ 0
Debt Instrument, Interest Rate, Stated Percentage					10.00%
Note Payable 1 [Member]
NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]
Debt Instrument, Face Amount					$ 59,726
Debt Instrument, Interest Rate, Stated Percentage					10.00%
Debt Instrument, Maturity Date					Apr. 25, 2018
Note Payable 2 [Member]
NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]
Debt Instrument, Face Amount					$ 100,000
Debt Instrument, Interest Rate, Stated Percentage					24.00%
Debt Instrument, Maturity Date					Feb. 23, 2022
Note Payable 3 [Member]
NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]
Debt Instrument, Face Amount					$ 50,000
Debt Instrument, Interest Rate, Stated Percentage					15.00%
Debt Instrument, Maturity Date					Feb. 23, 2022
Note Payable 4 [Member]
NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]
Debt Instrument, Face Amount					$ 85,000
Debt Instrument, Interest Rate, Stated Percentage					15.00%
Debt Instrument, Maturity Date					Feb. 23, 2022
Note Payable 5 [Member]
NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]
Debt Instrument, Face Amount					$ 97,500
Debt Instrument, Interest Rate, Stated Percentage					0.00%
Debt Instrument, Maturity Date					Feb. 23, 2022
Notes Payable to Banks [Member] | Bricoleur Note [Member]
NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]
Debt Instrument, Face Amount			$ 2,000,000
Stock Issued During Period, Shares, Other (in Shares) | shares			53,000
Notes Payable, Other Payables [Member] | Bricoleur Note [Member]
NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares) | shares		30,000		68,850
Notes Payable	$ 1,800,000
Notes Payable, Other Payables [Member] | Bricoleur Note [Member] | Non-Cash Interest Payments [Member]
NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares) | shares		34,200			333,956	305,357	232,823	205,200
Stock Issued During Period, Value, Other					$ 129,816	$ 114,678	$ 204,031	$ 270,522
Notes Payable, Other Payables [Member] | Bricoleur Note [Member] | Monthly Booked Non-Cash Interest Payments [Member]
NOTE 7 - NOTES PAYABLE AND LOANS - OTHERS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares) | shares	30,000

NOTE 8 - OTHER CURRENT AND NO58

NOTE 8 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Details) - Schedule of Other Current Liabilities - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Schedule of Other Current Liabilities [Abstract]
Statutory payables	$ 15,203	$ 31,756
Employee related liabilities	676,511	518,587
Other liabilities /expenses payable	0	534
Total	$ 691,714	$ 550,877

NOTE 8 - OTHER CURRENT AND NO59

NOTE 8 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Details) - Schedule of Other Non-current Liabilities - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Schedule of Other Non-current Liabilities [Abstract]
Creditors	$ 0	$ 37,012
Acquisition related liabilities	0	873,571
Total	$ 0	$ 910,583

NOTE 9 - OTHER INCOME & INVES60

NOTE 9 - OTHER INCOME & INVESTMENTS / ASSOCIATES / JOINT VENTURES (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
NOTE 9 - OTHER INCOME & INVESTMENTS / ASSOCIATES / JOINT VENTURES (Details) [Line Items]
Other Nonoperating Income	$ 119,933
Gain (Loss) on Disposition of Business	137,292	$ 0
INDIA
NOTE 9 - OTHER INCOME & INVESTMENTS / ASSOCIATES / JOINT VENTURES (Details) [Line Items]
Other Nonoperating Income	78,886
H&F Ironman Limited ("HK Ironman") [Member]
NOTE 9 - OTHER INCOME & INVESTMENTS / ASSOCIATES / JOINT VENTURES (Details) [Line Items]
Gain (Loss) on Disposition of Business	227,472
Midtown Partners. LLC [Member]
NOTE 9 - OTHER INCOME & INVESTMENTS / ASSOCIATES / JOINT VENTURES (Details) [Line Items]
Other Nonoperating Income	$ 199,700
Equity Method Investment, Ownership Percentage	24.90%

NOTE 11 - INTANGIBLE ASSETS &61

NOTE 11 - INTANGIBLE ASSETS & GOODWILL (Details) - USD ($)	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net (Excluding Goodwill)	$ 0	$ 113,321	$ 306,131

NOTE 11 - INTANGIBLE ASSETS &62

NOTE 11 - INTANGIBLE ASSETS & GOODWILL (Details) - Schedule of Intangible Assets And Goodwill - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
NOTE 11 - INTANGIBLE ASSETS & GOODWILL (Details) - Schedule of Intangible Assets And Goodwill [Line Items]
Intangible assets at the beginning of the period	$ 113,321	$ 306,131
Amortization	(113,321)	(158,780)
Effect of foreign exchange translation	0	(34,030)
Total Intangible assets	0	113,321
Total Goodwill	198,169	1,180,951
IGC International Limited ("IGC-INT") [Member]
NOTE 11 - INTANGIBLE ASSETS & GOODWILL (Details) - Schedule of Intangible Assets And Goodwill [Line Items]
Goodwill	0	982,782
Cabaran Ultima SDN BHD [Member]
NOTE 11 - INTANGIBLE ASSETS & GOODWILL (Details) - Schedule of Intangible Assets And Goodwill [Line Items]
Goodwill	$ 198,169	$ 198,169

NOTE 12 - RELATED PARTY TRANS63

NOTE 12 - RELATED PARTY TRANSACTIONS (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Note Payable 5 [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Debt Instrument, Face Amount	$ 97,500
Debt Instrument, Interest Rate, Stated Percentage	0.00%
Debt Instrument, Maturity Date	Feb. 23, 2022
Foreign Line of Credit [Member] | HONG KONG
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 1,038,961
Notes Payable to Banks [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Debt Instrument, Face Amount		$ 250,000
Notes Payable to Banks [Member] | Minimum [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		3.25%
Notes Payable to Banks [Member] | Maximum [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		3.75%
Affiliated Entity [Member] | Maryland [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	$ 54,000
Affiliated Entity [Member] | Washington [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	73,200
Affiliated Entity [Member] | Building [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	6,100
Chief Financial Officer [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Stock Granted, Value, Share-based Compensation, Net of Forfeitures	300,000
Chief Executive Officer [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Due to Related Parties	97,105
Monthly Payment for Office Space and Certain General and Administrative Services [Member] | Affiliated Entity [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	4,500
Apogee Financial Investments, Inc. ("Apogee") [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Payments to Acquire Notes Receivable		$ 70,000
Techni Bharathi Limited ("TBL") [Member]
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Payments to Acquire Notes Receivable	$ 43,000	$ 42,162

NOTE 14 - PROPERTY, PLANT AND64

NOTE 14 - PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Depreciation, Depletion and Amortization	$ 396,346	$ 728,741

NOTE 14 - PROPERTY, PLANT AND65

NOTE 14 - PROPERTY, PLANT AND EQUIPMENT (Details) - Property, Plant and Equipment - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,549,125	$ 13,588,030
Less: Accumulated depreciation	(2,595,189)	(6,513,593)
Net Assets	$ 953,936	7,074,437
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	25 years
Property, plant and equipment, gross	$ 241,181	1,238,569
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Property, plant and equipment, gross	$ 1,710,055	6,666,402
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Property, plant and equipment, gross	$ 157,349	218,124
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Property, plant and equipment, gross	$ 119,528	114,508
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Property, plant and equipment, gross	$ 70,368	118,753
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Property, plant and equipment, gross	$ 292,764	345,830
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life
Property, plant and equipment, gross	$ 957,880	$ 4,885,844

NOTE 15 - SELLING, GENERAL AN66

NOTE 15 - SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Disclosure Text Block [Abstract]
Selling, General and Administrative Expense	$ 1,875,344	$ 2,702,753

NOTE 16 - STOCK-BASED COMPENS67

NOTE 16 - STOCK-BASED COMPENSATION (Details) - shares	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	160,000	130,045
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date		Jun. 27, 2016
Stock Issued During Period, Shares, Conversion of Convertible Securities	3,491,278	2,214,950

NOTE 17 - EMPLOYEE BENEFITS (De

NOTE 17 - EMPLOYEE BENEFITS (Details)	12 Months Ended
	Mar. 31, 2017
Provident Fund [Member]
NOTE 17 - EMPLOYEE BENEFITS (Details) [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	12.00%

NOTE 17 - EMPLOYEE BENEFITS (D

NOTE 17 - EMPLOYEE BENEFITS (Details) - Schedule of Changes in Accumulated Postemployment Benefit Obligations - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Abstract]
Projected Benefit Obligation (PBO) at the beginning of the year	$ 11,877	$ 12,403
Service cost	696	698
interest cost	971	933
Benefits paid	(1,018)	(1,244)
Actuarial (gain)/loss	(67)	(913)
PBO at the end of the year	12,459	11,877
Funded status	$ 12,852	$ 12,581

NOTE 17 - EMPLOYEE BENEFITS 70

NOTE 17 - EMPLOYEE BENEFITS (Details) - Schedule of Net Benefit Costs - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Net Benefit Costs [Abstract]
Service cost	$ 696	$ 698
Interest cost	971	933
Expected return on plan assets	(1,045)	(1,024)
Actuarial (gain)/loss	(67)	(913)
Net gratuity cost	$ 555	$ (306)

NOTE 17 - EMPLOYEE BENEFITS 71

NOTE 17 - EMPLOYEE BENEFITS (Details) - Schedule of Assumptions Used	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Assumptions Used [Abstract]
Discount rate	8.00%	8.00%
Rate of increase in compensation levels	7.00%	7.00%

NOTE 17 - EMPLOYEE BENEFITS 72

NOTE 17 - EMPLOYEE BENEFITS (Details) - Schedule of Expected Benefit Payments - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Schedule of Expected Benefit Payments [Abstract]
Expected contribution during the year ending Year 1	$ 4,642	$ 4,544
Expected benefit payments for the years ending March 31:
Year 2	1,464	1,433
Year 3	478	468
Year 4	4,303	4,212
Year 5	324	317
Thereafter	$ 5,428	$ 5,313

NOTE 18 - INCOME TAXES (Details

NOTE 18 - INCOME TAXES (Details) - Schedule of Components of Income Tax Expense (Benefit) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Current:
Federal	$ 0	$ 0
Foreign	14,431	38,715
State	0	0
Net Current	14,431	38,715
Deferred:
Federal	0	0
Foreign	0	(38,136)
State	0	0
Net Deferred	0	(38,136)
Total tax provision	$ 14,431	$ 579

NOTE 18 - INCOME TAXES (Detai74

NOTE 18 - INCOME TAXES (Details) - Schedule of Components of Income Tax Expense (Benefit) Before Non-Controlling Interest - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Components of Income Tax Expense (Benefit) Before Non-Controlling Interest [Abstract]
Deferred tax expense (benefit)	$ 0	$ (38,136)
Net operating loss carry forward	652,283	1,291,744
Foreign Tax Credits	0	0
Less: Valuation Allowance	652,283	1,291,744
Net deferred tax expense	$ 0	$ (38,136)

NOTE 18 - INCOME TAXES (Detai75

NOTE 18 - INCOME TAXES (Details) - Schedule of Effective Income Tax Rate Reconciliation - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Effective Income Tax Rate Reconciliation [Abstract]
Computed expected income tax (benefit)	$ 652,283	$ (1,172,590)
State tax benefit net of federal tax	0	0
Change in valuation allowance	652,283	1,100,645
Deferred expenses from foreign acquisition	0	0
Impairment loss on goodwill	0	0
Impairment loss on investments	410	18,244
Capitalized interest costs	0	72,759
Deferred Tax Assets from foreign subsidiaries	0	0
Other	$ 0	$ 0
Effective income tax rate	0.00%	0.00%

NOTE 18 - INCOME TAXES (Detai76

NOTE 18 - INCOME TAXES (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Current deferred tax liabilities (assets):
Deferred Acquisition Costs – Foreign taxes	$ 0	$ 0
Valuation allowance	0	0
Net current deferred tax liabilities (assets)	0	0
Noncurrent deferred tax (assets) liabilities:
Deferred Acquisition Costs- Foreign taxes	0	(356,684)
Net Operating Losses	652,283	1,291,744
Valuation allowance	(652,283)	(1,291,744)
Non-Current net deferred tax (assets) liabilities	$ 0	$ (356,684)

NOTE 19 - SEGMENT INFORMATION77

NOTE 19 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers by Products and Services - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenue from External Customer [Line Items]
Revenue	$ 580,372	$ 6,366,550
% of Total Revenue	100.00%
Rental/Lease [Member]
Revenue from External Customer [Line Items]
Revenue	$ 367,279
% of Total Revenue	63.00%
Trading, electronic component [Member]
Revenue from External Customer [Line Items]
Revenue	$ 213,093
% of Total Revenue	37.00%

NOTE 19 - SEGMENT INFORMATION78

NOTE 19 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers by Geographic Areas - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
NOTE 19 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers by Geographic Areas [Line Items]
Revenue	$ 580,372	$ 6,366,550
% of Total Revenue	100.00%
INDIA
NOTE 19 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers by Geographic Areas [Line Items]
Revenue	$ 124,871
% of Total Revenue	22.00%
HONG KONG
NOTE 19 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers by Geographic Areas [Line Items]
Revenue	$ 213,093
% of Total Revenue	37.00%
MALAYSIA
NOTE 19 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers by Geographic Areas [Line Items]
Revenue	$ 242,408
% of Total Revenue	41.00%

NOTE 19 - SEGMENT INFORMATION79

NOTE 19 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Intangible Assets	$ 198,169	$ 1,180,951
Property, Plant and Equipment, Net	953,936	7,074,437
Investments in Affiliates	773,111	609,148
Investments Others	5,238,003	5,175,392
Deferred Tax Assets	0	356,684
Other Non-Current Assets	539,720	$ 507,300
Total Long-Term Assets	7,702,939
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Intangible Assets	0
Property, Plant and Equipment, Net	894,026
Investments in Affiliates	773,111
Investments Others	5,174,611
Deferred Tax Assets	0
Other Non-Current Assets	0
Total Long-Term Assets	6,841,748
Foreign Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Intangible Assets	198,169
Property, Plant and Equipment, Net	59,910
Investments in Affiliates	0
Investments Others	63,392
Deferred Tax Assets	0
Other Non-Current Assets	539,720
Total Long-Term Assets	$ 861,191

NOTE 20 - RECONCILIATION OF E80

NOTE 20 - RECONCILIATION OF EPS (Details) - shares	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
Weighted Average Number of Shares Outstanding, Basic	25,658,544	16,387,290

NOTE 21 - INVESTMENTS - OTHER81

NOTE 21 - INVESTMENTS - OTHERS (Details) - Schedule of Investments - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Schedule of Equity Method Investments [Line Items]
Total	$ 5,238,003	$ 5,175,392
Middle Town Partners & Co. [Member]
Schedule of Equity Method Investments [Line Items]
Investment in equity shares of unlisted company & associates	63,392	25,781
Sricon Infrastructure Private Limited (Sricon) [Member]
Schedule of Equity Method Investments [Line Items]
Investment in Land	$ 5,174,611	$ 5,149,611

NOTE 23 - CERTAIN AGED RECEIV82

NOTE 23 - CERTAIN AGED RECEIVABLES (Details) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Disclosure Text Block Supplement [Abstract]
Other Receivables, Net, Current	$ 430,689	$ 430,689

NOTE 24 - INVESTMENT IN AFFIL83

NOTE 24 - INVESTMENT IN AFFILIATES (Details) - USD ($)	Dec. 18, 2014	Mar. 31, 2017	Mar. 31, 2016
NOTE 24 - INVESTMENT IN AFFILIATES (Details) [Line Items]
Stock Issued During Period, Value, Acquisitions		$ 1,833,323	$ 151,590
Middle Town Partners & Co. [Member]
NOTE 24 - INVESTMENT IN AFFILIATES (Details) [Line Items]
Stock Issued During Period, Shares, Acquisitions	1,200,000
Stock Issued During Period, Value, Acquisitions	$ 888,000
Equity Method Investment, Ownership Percentage	24.90%

NOTE 25 - SUBSEQUENT EVENTS (De

NOTE 25 - SUBSEQUENT EVENTS (Details) - Brilliant Hallmark [Member]	Apr. 03, 2017shares	Apr. 01, 2017ashares	Aug. 31, 2016shares
NOTE 25 - SUBSEQUENT EVENTS (Details) [Line Items]
Equity Method Investment, Ownership Percentage			10.00%
Stock Issued During Period, Shares, Acquisitions (in Shares)			4,000,000
Subsequent Event [Member]
NOTE 25 - SUBSEQUENT EVENTS (Details) [Line Items]
Equity Method Investment, Ownership Percentage	(10.00%)	10.00%
Number of Units in Real Estate Property		1,000
Area of Land (in Acres) | a		6
Stock Issued During Period, Shares, Acquisitions (in Shares)	4,000,000	4,000,000