India Globalization Capital (IGC) 10-Q 17 Nov 17 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Sep. 30, 2017	Nov. 13, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	India Globalization Capital, Inc.
Document Type	10-Q
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding		28,065,272
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	Sep. 30, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Current assets:
Cash and cash equivalents	$ 597,026	$ 538,029
Accounts receivable, net of allowances	1,033,608	752,926
Prepaid expenses and other current assets	393,579	410,408
Short-term investments	0	1,880,000
Total current assets	2,024,213	3,581,363
Goodwill	198,169	198,169
Intangible assets	111,691	0
Property, plant and equipment, net	953,257	953,936
Investments in affiliates	773,111	773,111
Investments-others	5,240,166	5,238,003
Other non-current assets	691,745	539,720
Total long-term assets	7,968,139	7,702,939
Total assets	9,992,352	11,284,302
Current liabilities:
Trade payables	613,131	416,532
Accrued expenses	197,716	181,465
Other current liabilities	409,597	691,714
Total current liabilities	1,220,444	1,289,711
Long-term borrowings	350,794	452,080
Loans - others	399,726	392,226
Notes payable	1,800,000	1,800,000
Total non-current liabilities	2,550,520	2,644,306
Total liabilities	3,770,964	3,934,017
Stockholders’ equity:
Common stock — $.0001 par value; 150,000,000 shares authorized; 28,272,667 issued and outstanding as of March 31, 2017 and 28,005,272 issued and outstanding as of September 30, 2017.	2,801	2,827
Additional paid-in capital	60,974,013	61,413,533
Accumulated other comprehensive income	(2,058,702)	(2,047,780)
Retained earnings/(Deficit)	(52,687,870)	(52,009,459)
Total equity attributable to Parent	6,230,242	7,359,121
Non-controlling interest	(8,854)	(8,836)
Total stockholders’ equity	6,221,388	7,350,285
Total liabilities and stockholders’ equity	$ 9,992,352	$ 11,284,302

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Sep. 30, 2017	Mar. 31, 2017
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	28,005,272	28,272,667
Common stock, shares outstanding	28,005,272	28,272,667

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues	$ 235,648	$ 162,163	$ 288,573	$ 237,563
Cost of revenues (excluding depreciation)	(163,170)	(90,534)	(170,051)	(154,589)
Selling, general and administrative expenses	(331,146)	(339,585)	(709,960)	(636,802)
Depreciation	(4,344)	(97,842)	(10,309)	(195,514)
Loss on investments/associates /joint ventures	0	(183,835)	0	(183,835)
Operating income (loss)	(263,012)	(549,633)	(601,747)	(933,177)
Interest expense	(40,832)	(51,410)	(85,378)	(89,956)
Interest income	100	114	101	114
Other income, net/(loss)	(144)	11,985	8,210	13,740
Income before income taxes and minority interest attributable to non-controlling interest	(303,888)	(588,944)	(678,814)	(1,009,279)
Income taxes benefit/(expense)	0	0	0	0
Net income/(loss)	(303,888)	(588,944)	(678,814)	(1,009,279)
Non-controlling interests in earnings of subsidiaries	(84)	(5,073)	(403)	(11,239)
Net income/(loss) attributable to common stockholders	$ (303,804)	$ (583,871)	$ (678,411)	$ (998,040)
Earnings/(loss) per share attributable to common stockholders:
Basic (in Dollars per share)	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.04)
Diluted (in Dollars per share)	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.04)
Weighted-average number of shares used in computing earnings per share amounts:
Basic (in Shares)	27,355,826	23,636,403	27,355,826	23,636,403
Diluted (in Shares)	29,051,771	23,636,403	29,051,771	23,636,403

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net income / (loss)	$ (303,804)	$ (583,871)	$ (678,411)	$ (998,040)
Parent [Member]
Net income / (loss)	(303,804)	(583,871)	(678,411)	(998,040)
Foreign currency translation adjustments	(12,679)	8,775	(10,922)	38,412
Comprehensive income/(loss)	(316,483)	(575,096)	(689,333)	(959,628)
Noncontrolling Interest [Member]
Net income / (loss)	(84)	(5,073)	(403)	(11,239)
Foreign currency translation adjustments	0	0	0	0
Comprehensive income/(loss)	(84)	(5,073)	(403)	(11,239)
Comprehensive Income [Member]
Net income / (loss)	(303,888)	(588,944)	(678,814)	(1,009,279)
Foreign currency translation adjustments	(12,679)	8,775	(10,922)	38,412
Comprehensive income/(loss)	$ (316,567)	$ (580,169)	$ (689,736)	$ (970,867)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income (loss)	$ (678,814)	$ (1,009,279)
Adjustment to reconcile net income/(loss) to net cash:
Depreciation	10,309	195,514
Bad debts written off/Creditors restated	24	0
Loss from Investments /joint venture /associates	0	183,835
Non-cash interest expenses	67,500	71,315
ESOP shares	306,798	0
Changes in:
Accounts receivable	(280,893)	(2,462)
Prepaid expenses and other assets	16,828	(4,836)
Trade payables	196,602	200,688
Other current liabilities	(282,118)	(33,414)
Other non-current liabilities	0	(36,191)
Non-current assets	0	723
Accrued Expenses	16,251	(242,621)
Net cash provided/(used) in operating activities	(627,513)	(676,728)
Cash flow from investing activities:
Proceeds from non-current investment	(2,342)	(55,000)
Purchase of property and equipment	(927)	(4,504)
Capital work in progress	(8,563)	(95,843)
Non-current assets	(136,280)	0
Net cash provided/(used) by investing activities	(148,112)	(155,347)
Cash flows from financing activities:
Issuance of equity stock	1,015,628	242,562
Proceeds /(repayment) from long-term borrowing	(101,286)	140,933
Proceeds from loans	7,500	(64,250)
Expense related to stock	(76,911)
Net cash provided/(used) by financing activities	844,931	319,245
Effects of exchange rate changes on cash and cash equivalents	(10,309)	(38,578)
Net increase/(decrease) in cash and cash equivalents	58,997	(551,408)
Cash and cash equivalent at the beginning of the period	538,029	1,490,693
Cash and cash equivalent at the end of the period	597,026	939,285
Supplementary information:
Cash paid for interest	17,878	18,641
Non-cash items:
Common stock issued for interest payment on notes payable	67,500	71,315
Common stock issued including ESOP, Consultancy and Other	$ 348,798	$ 0

NOTE 1 - OVERVIEW OF INDIA GLOB

NOTE 1 - OVERVIEW OF INDIA GLOBALIZATION CAPITAL, INC. (“IGC”)	6 Months Ended
	Sep. 30, 2017
Disclosure Text Block [Abstract]
Nature of Operations [Text Block]	NOTE 1 – OVERVIEW OF INDIA GLOBALIZATION CAPITAL, INC. (“IGC”) 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. In March 2006, we completed an initial public offering of our common stock. Our registered office in the U.S. is located in Bethesda, Maryland. We have a facility in Washington State, where we conduct our R&D. Our back office is located in Kochi, Kerala India. In addition, many of our staff and advisors work from their home offices.

NOTE 2 - SUMMARY OF SIGNIFICANT

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a) Basis of preparation of financial statements The Company has prepared the accompanying unaudited Condensed Consolidated Financial Statements (“Financial Statements”) in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles (“GAAP”) for complete financial statements and management used estimates and assumptions that could affect the amounts reported in these condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. The results for interim periods do not necessarily indicate the results that may be expected for any other interim period or for the full year. The significant accounting policies adopted by the Company, in respect of these consolidated financial statements, are set out in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2017. Therefore, the Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and respective notes contained in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2017 filed with the SEC on July 14, 2017. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included in the Financial Statements. The consolidated financial statements include the accounts of the Company and all its subsidiaries that are more than 50% owned and controlled. 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. In the quarter ended September 30, 2017, in addition to the US, IGC operates in India and Malaysia and a substantial portion of the Company’s sales are denominated in INR and RM. 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 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 Company’s current fiscal year ends on March 31, 2018. Unless the context requires otherwise, all references in this report to “IGC,” “we,” “our” and “us” refer to India Globalization Capital, Inc., together with its subsidiaries, as listed and described in its Annual Report on Form 10-K filed with the SEC on July 14, 2017. We exclude our investments and minority non-controlling interests, and any information provided by them is not incorporated by reference in this report, and you should not consider it a part of this report. Our filings are available on www.sec.gov. The information contained on our website, www.igcinc.us, is not incorporated by reference in this report, and you should not consider it a part of this report.

NOTE 3 - ACCOUNTS RECEIVABLE

NOTE 3 - ACCOUNTS RECEIVABLE	6 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 3 – ACCOUNTS RECEIVABLE Accounts receivable, net of allowances, amounted to $1,033,608 and $752,926 as of September 30, 2017 and March 31, 2017, respectively. The accounts receivable net of reserves for the quarter ended September 30, 2017 come primarily from construction management and rental of heavy construction equipment.

NOTE 4 - OTHER CURRENT AND NON-

NOTE 4 - OTHER CURRENT AND NON-CURRENT ASSETS	6 Months Ended
	Sep. 30, 2017
Disclosure Text Block Supplement [Abstract]
Other Assets Disclosure [Text Block]	NOTE 4 – OTHER CURRENT AND NON-CURRENT ASSETS Prepaid expenses and other current assets consist of the following: As of September 30, 2017 As of March 31, 2017 Prepaid /preliminary expenses $ 6,750 $ 6,750 Advance to suppliers, others & services 364,049 352,850 Security/statutory advances 16,420 14,216 Prepaid and accrued interest 1,427 1,436 Deposit and other current assets 4,933 35,156 Total $ 393,579 $ 410,408 Other non-current assets consist of the following: As of September 30, 2017 As of March 31, 2017 Statutory/Other advances $ 510,164 $ 539,720 Product Formulation 181,581 - Total $ 691,745 $ 539,720 On May 21, 2012, TBL entered into an agreement with Weave & Weave for the purchase of land. TBL gave Weave and Wave an advance of $375,191. 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. Product Formulation is the capitalized part of expenses related to developing product formulations.

NOTE 5 - INTANGIBLE ASSETS AND

NOTE 5 - INTANGIBLE ASSETS AND GOODWILL	6 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 5 – INTANGIBLE ASSETS AND GOODWILL The movement in intangible assets and goodwill is given below. As of September 30, 2017 As of March 31, 2017 Intangible assets at the beginning of the period $ - $ 113,321 Amortization - (113,321 ) Patent filings and rights 111,691 - Total Intangible assets $ 111,691 $ - Goodwill of Cabaran Ultima Sdn Bhd 198,169 198,169 Total Goodwill $ 198,169 198,169 The value of goodwill for the two periods shown is $198,169 and is associated with the acquisition of Cabaran Ultima. The capitalized patent expenses are direct expenses, legal, filing fees etc, associated with filing patents in North America, Europe and Canada.

NOTE 6 - PROPERTY, PLANT AND EQ

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 6 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consist of the following: Category Useful Life (years) As of September 30, 2017 As of March 31, 2017 Building (flat) 25 $ 239,519 $ 241,181 Plant and machinery 20 1,698,270 1,710,055 Computer equipment 3 154,396 157,349 Office equipment 5 118,733 119,528 Furniture and fixtures 5 68,228 70,368 Vehicles 5 253,847 292,764 Assets under construction N/A 965,790 957,880 Total $ 3,498,783 $ 3,549,125 Less: Accumulated depreciation $ (2,545,526 ) $ (2,595,189 ) Net Assets $ 953,257 $ 953,936 Depreciation expense for the six months ended September 30, 2017 and 2016 was $10,309 and $195,514 respectively. Capital work-in-progress represents the cost of property and equipment not put to use before the balance sheet date.

NOTE 7 - INVESTMENTS - OTHERS

NOTE 7 - INVESTMENTS - OTHERS	6 Months Ended
	Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	NOTE 7 – INVESTMENTS – OTHERS Investments – others for each of the periods ended September 30, 2017 and March 31, 2017 consisted of the following: As of September 30, 2017 As of March 31, 2017 Investment in equity shares of unlisted company & associates $ 65,555 $ 63,392 Investment in land 5,174,611 5,174,611 Total $ 5,240,166 $ 5,238,003

NOTE 9 - OTHER CURRENT AND NON-

NOTE 9 - OTHER CURRENT AND NON-CURRENT LIABILITIES	6 Months Ended
	Sep. 30, 2017
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Other Liabilities Disclosure [Text Block]	NOTE 9 – OTHER CURRENT AND NON-CURRENT LIABILITIES Other current liabilities consist of the following: As of September 30, 2017 As of March 31, 2017 Statutory payables $ 14,454 $ 15,203 Employee related liabilities 395,143 676,511 Total $ 409,597 $ 691,714 For the quarter ended September 30, 2017, there were no other non-current liabilities.

NOTE 10 - RELATED PARTY TRANSAC

NOTE 10 - RELATED PARTY TRANSACTIONS	6 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 10 – RELATED PARTY TRANSACTIONS As of September 30, 2017, the Company has (i) a balance of $81,834 due and payable to our CEO inclusive of certain unpaid salaries from previous years and (ii) a long-term loan of $350,794 due by Cabaran to a Director of Cabaran (RM 1,480,000), for a loan made to Cabaran. 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 the quarter ended September 30, 2017, the total rent paid to the affiliates were $13,500 for the office space (and services) in Maryland, and $18,300 for the facilities in Washington State is payable. All compensation, cash and non-cash (stock) paid to the CFO is paid to his wholly owned limited liability company (LLC). There are no other payments made directly to the CFO. Loans by Related Parties: We have a working capital loan that has a loan balance of $112,500 as of September 30, 2017 and $97,500 as of March 31, 2017 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. 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 of September 30, 2017.

NOTE 11 - NOTES PAYABLE AND LOA

NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS	6 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 11 – NOTES PAYABLE AND LOANS – OTHERS The Company has an unsecured Note Payable to Bricoleur Partners, L.P. in the amount of $1,800,000 (“2012 Security”), which was extended to July 31, 2016, subject to the same terms of the 2012 Agreement. Up to July 2014, the Company was making monthly interest payments of 17,100 shares of common stock. Starting on August 2014 and as per Amendment No. 2 to the 2012 Security, the Company started making a monthly interest payment of 23,489 shares of common stock. Contractually, there is no cash interest paid to Bricoleur on the Note. Instead, the parties have agreed that the Company will make a payment (booked under interest payment) of 30,000 shares of common stock for each month the loan remains unpaid, regardless of the trading price of the stock. The arrangement allows the Company and Bricoleur to pursue permanent conversion of the principal to common stock, or repayment of the principal using common stock. During the quarter ended September 30, 2017, the Company issued a total of 90,000 shares valued at $30,900 to this debt holder, which constitutes non-tax-deductible interest payments for the Company. As of September 30, 2017, the Company has five loans categorized as Loans Others totaling $399,726 at an average annual interest rate of 10%, as follows: 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 $77,500 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 September 30, 2017 of $112,500 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.

NOTE 12 - COMMITMENTS AND CONTI

NOTE 12 - COMMITMENTS AND CONTINGENCY	6 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 12 – COMMITMENTS AND CONTINGENCY No significant contingencies or commitments were made or existed during the three months ended September 30, 2017.

NOTE 13 - COMMON STOCK

NOTE 13 - COMMON STOCK	6 Months Ended
	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 13 – COMMON STOCK Our common stock trades on the NYSE AMERICAN under the symbol “IGC” with CUSIP number 45408X308, $0.0001 par value (“Common Stock”). This security is also available for trading on the Borse Frankfurt, Stuttgart, and Berlin Exchanges (ticker symbol: IGS1). The Common stock of the Company is also available for trading on the Borse Frankfurt, Borse Berlin, and Borse Stuttgart (XETRA2) exchanges in Germany. The Warrants and Units now trade on the OTC Markets. We have redeemable Warrants (CUSIP number 45408X118 expiring on March 6, 2019) to purchase Common Stock (ticker symbol: IGC.WT) and 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. During the quarter ended September 30, 2017, the Company issued 90,000 shares valued at $30,900 to Bricoleur Partners, L.P. for the outstanding $1,800,000 promissory note (“2012 Security”), which constituted an element of repayment of interest. On May 20, 2016, IGC entered into a new At-The-Market Agency Agreement (“ATM Agreement”) with IFS Securities, Inc. (dba Brinson Patrick, a division of IFS Securities, Inc.), as sales agent (“Brinson Patrick” or the “Agent”). IGC intends to use the net proceeds from the sale of securities offered for working capital needs, repayment of indebtedness and other general corporate purposes. During the quarter ended September 30, 2017, the Company issued 1,012,252 shares of Common Stock valuated at $367,931 under this agreement. Under 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. Pending downward adjustments, subject to certain balance sheet items of MTP, a total of 500,000 shares of IGC common stock have been held back. Pending the resolution of these balance sheet items, the shares that have been held back may be cancelled. The agreement had a deadline of June 30, 2015, for Apogee and Midtown Partners to obtain the requisite approvals from FINRA. Apogee did not file for approval on time, and consequently pursuant to the terms of the Agreement, there are several penalties that will apply, including the cancellation of 700,000 shares of IGC stock and a penalty of $125,000 owed by Apogee to us. We are not seeking to consummate the acquisition of the remaining interest in Midtown Partners at this time. The Company has granted (1) its Advisors options to purchase a total of 440,000 shares of common stock at exercise prices ranging from $0.10 to $0.30, all of which are outstanding and exercisable as of September 30, 2017 and (2) 100,000 shares to acquire the exclusive right to the license of the U.S. patent filing entitled “THC as a Potential Therapeutic Agent for Alzheimer’s Disease” by the University of South Florida. Further, pursuant to IGC’s employee stock option plan and during the quarter ended September 30, 2017, IGC granted no shares to its directors or its employees. As of September 30, 2017, IGC has 28,005,272 shares of Common Stock issued and outstanding.

NOTE 14 - STOCK-BASED COMPENSAT

NOTE 14 - STOCK-BASED COMPENSATION	6 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 14 – 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)

NOTE 15 - SELLING, GENERAL AND

NOTE 15 - SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	6 Months Ended
	Sep. 30, 2017
Disclosure Text Block [Abstract]
Other Operating Income and Expense [Text Block]	NOTE 15 – SELLING, GENERAL AND ADMINISTRATIVE EXPENSES Selling, general and administrative expenses were $709,960 for the six months ended September 30, 2017 as compared to $636,802 for the six months ended September 30, 2016. Selling, general and administrative expenses include compensation expenses to management, legal and professional expenses, investor-relations expenses, acquisition related expenses and travel expenses.

NOTE 16 - IMPAIRMENT

NOTE 16 - IMPAIRMENT	6 Months Ended
	Sep. 30, 2017
Disclosure Text Block Supplement [Abstract]
Asset Impairment Charges [Text Block]	NOTE 16 – IMPAIRMENT None during fiscal quarter ended September 30, 2017.

NOTE 17 - OTHER INCOME

NOTE 17 - OTHER INCOME	6 Months Ended
	Sep. 30, 2017
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	NOTE 17 – OTHER INCOME Other income for the three-month periods ended September 30, 2017 and 2016 amounted to $(144) and $11,985, respectively, and included income received from the supply of skilled operators for the heavy equipment rental business and from the rent of the apartment belonging to TBL, which is in Kochi, India.

NOTE 18 - RECONCILIATION OF EPS

NOTE 18 - RECONCILIATION OF EPS	6 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 18 – RECONCILIATION OF EPS The historical weighted average per share for our shares through September 30, 2017, was applied using the treasury method of calculating the fully diluted shares. The weighted average number of shares outstanding as of September 30, 2017 and 2016 used for the computation of basic earnings per share (“EPS”) is 27,355,826 and 23,636,403, respectively. Due to the loss incurred during the three-month period ended September 30, 2017, all the potential equity shares are anti-dilutive and accordingly, the fully diluted EPS is equal to the basic EPS.

NOTE 19 - INCOME TAXES

NOTE 19 - INCOME TAXES	6 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 19 – INCOME TAXES The Company adopted ASC 740, Accounting for Uncertainty in Income Taxes. In assessing the recoverability of its deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets is dependent on the generation of future taxable income during the periods in which those temporary differences become deductible. The management considers historical and projected future taxable income, and tax planning strategies in making this assessment. The Company’s effective tax rate was 0% for both the quarters ended September 30, 2017 and 2016. The Company has US deferred tax assets, which have been offset by valuation allowance because of historical and expected losses. As the Company reverses its losses and becomes profitable, we will reassess the likelihood of recovering a portion or all of the deferred tax assets. The Company recorded an income tax gain/expense of $0 resulting from operational results of its foreign entities for both three-month periods ended September 30, 2017 and 2016. As of September 30, 2017, and 2016, there was no significant liability for income tax associated with unrecognized tax benefits. As of September 30, 2017, IGC could not use its net operating losses.

NOTE 20 - SEGMENT INFORMATION

NOTE 20 - SEGMENT INFORMATION	6 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 20 – 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 components 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 % on total revenues Rental / Trading/Real estate $ 288,573 100 % TOTAL $ 288,573 100 % 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 % on total revenues India $ 233,271 81 % Malaysia 55,302 19 % TOTAL $ 288,573 100 % 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 Goodwill $ - $ 198,169 $ 198,169 Intangible assets 111,691 - 111,691 Property, Plant and Equipment, net 896,283 56,974 953,257 Investments in Affiliates 773,111 - 773,111 Investments-Others 5,174,611 65,555 5,240,166 Other Non-Current Assets 181,581 510,164 691,745 Total Long-Term Assets $ 7,137,277 $ 830,862 $ 7,968,139

NOTE 21 - CERTAIN AGED RECEIVAB

NOTE 21 - CERTAIN AGED RECEIVABLES	6 Months Ended
	Sep. 30, 2017
Disclosure Text Block Supplement [Abstract]
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block]	NOTE 21 – CERTAIN AGED RECEIVABLES The receivable and other assets as of September 30, 2017 and March 31, 2017, include certain aged receivables in the amount of $427,721. 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 September 30, 2017. These receivables are included in accounts receivable and have been classified as current because the arbitration process has concluded and ruling was given in our favor. 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 this organization will become insolvent and unable to make payment.

NOTE 22 - FAIR VALUE OF FINANCI

NOTE 22 - FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTE 22 – FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value of the Company’s current assets and current liabilities approximate their carrying value because of their short-term nature. Such financial instruments are classified as current and are expected to be liquidated within the next twelve months.

NOTE 24 - INVESTMENT IN AFFILIA

NOTE 24 - INVESTMENT IN AFFILIATES	6 Months Ended
	Sep. 30, 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.

NOTE 4 - OTHER CURRENT AND NO29

NOTE 4 - OTHER CURRENT AND NON-CURRENT ASSETS (Tables)	6 Months Ended
	Sep. 30, 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 September 30, 2017 As of March 31, 2017 Prepaid /preliminary expenses $ 6,750 $ 6,750 Advance to suppliers, others & services 364,049 352,850 Security/statutory advances 16,420 14,216 Prepaid and accrued interest 1,427 1,436 Deposit and other current assets 4,933 35,156 Total $ 393,579 $ 410,408
Schedule of Other Assets, Noncurrent [Table Text Block]	Other non-current assets consist of the following: As of September 30, 2017 As of March 31, 2017 Statutory/Other advances $ 510,164 $ 539,720 Product Formulation 181,581 - Total $ 691,745 $ 539,720

NOTE 5 - INTANGIBLE ASSETS AN30

NOTE 5 - INTANGIBLE ASSETS AND GOODWILL (Tables)	6 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	The movement in intangible assets and goodwill is given below. As of September 30, 2017 As of March 31, 2017 Intangible assets at the beginning of the period $ - $ 113,321 Amortization - (113,321 ) Patent filings and rights 111,691 - Total Intangible assets $ 111,691 $ - Goodwill of Cabaran Ultima Sdn Bhd 198,169 198,169 Total Goodwill $ 198,169 198,169

NOTE 6 - PROPERTY, PLANT AND 31

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Sep. 30, 2017
Property Plant and Equipment Table [Member]
NOTE 6 - 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 September 30, 2017 As of March 31, 2017 Building (flat) 25 $ 239,519 $ 241,181 Plant and machinery 20 1,698,270 1,710,055 Computer equipment 3 154,396 157,349 Office equipment 5 118,733 119,528 Furniture and fixtures 5 68,228 70,368 Vehicles 5 253,847 292,764 Assets under construction N/A 965,790 957,880 Total $ 3,498,783 $ 3,549,125 Less: Accumulated depreciation $ (2,545,526 ) $ (2,595,189 ) Net Assets $ 953,257 $ 953,936

NOTE 7 - INVESTMENTS - OTHERS (

NOTE 7 - INVESTMENTS - OTHERS (Tables)	6 Months Ended
	Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Table Text Block]	Investments – others for each of the periods ended September 30, 2017 and March 31, 2017 consisted of the following: As of September 30, 2017 As of March 31, 2017 Investment in equity shares of unlisted company & associates $ 65,555 $ 63,392 Investment in land 5,174,611 5,174,611 Total $ 5,240,166 $ 5,238,003

NOTE 9 - OTHER CURRENT AND NO33

NOTE 9 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Tables)	6 Months Ended
	Sep. 30, 2017
Other Current Liabilities [Member]
NOTE 9 - 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 September 30, 2017 As of March 31, 2017 Statutory payables $ 14,454 $ 15,203 Employee related liabilities 395,143 676,511 Total $ 409,597 $ 691,714

NOTE 20 - SEGMENT INFORMATION (

NOTE 20 - SEGMENT INFORMATION (Tables)	6 Months Ended
	Sep. 30, 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 % on total revenues Rental / Trading/Real estate $ 288,573 100 % TOTAL $ 288,573 100 %
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 % on total revenues India $ 233,271 81 % Malaysia 55,302 19 % TOTAL $ 288,573 100 %
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 Goodwill $ - $ 198,169 $ 198,169 Intangible assets 111,691 - 111,691 Property, Plant and Equipment, net 896,283 56,974 953,257 Investments in Affiliates 773,111 - 773,111 Investments-Others 5,174,611 65,555 5,240,166 Other Non-Current Assets 181,581 510,164 691,745 Total Long-Term Assets $ 7,137,277 $ 830,862 $ 7,968,139

NOTE 3 - ACCOUNTS RECEIVABLE (D

NOTE 3 - ACCOUNTS RECEIVABLE (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Receivables [Abstract]
Accounts Receivable, Net, Current	$ 1,033,608	$ 752,926

NOTE 4 - OTHER CURRENT AND NO36

NOTE 4 - OTHER CURRENT AND NON-CURRENT ASSETS (Details)	May 21, 2012USD ($)
Land [Member]
NOTE 4 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) [Line Items]
Payments to Acquire Land	$ 375,191

NOTE 4 - OTHER CURRENT AND NO37

NOTE 4 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) - Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid /preliminary expenses	$ 6,750	$ 6,750
Advance to suppliers, others & services	364,049	352,850
Security/statutory advances	16,420	14,216
Prepaid and accrued interest	1,427	1,436
Deposit and other current assets	4,933	35,156
Total	$ 393,579	$ 410,408

NOTE 4 - OTHER CURRENT AND NO38

NOTE 4 - OTHER CURRENT AND NON-CURRENT ASSETS (Details) - Schedule of Other Assets, Noncurrent - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Schedule of Other Assets, Noncurrent [Abstract]
Statutory/Other advances	$ 510,164	$ 539,720
Product Formulation	181,581	0
Total	$ 691,745	$ 539,720

NOTE 5 - INTANGIBLE ASSETS AN39

NOTE 5 - INTANGIBLE ASSETS AND GOODWILL (Details)	Sep. 30, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net (Including Goodwill)	$ 198,169

NOTE 5 - INTANGIBLE ASSETS AN40

NOTE 5 - INTANGIBLE ASSETS AND GOODWILL (Details) - Schedule of Intangible Assets And Goodwill - USD ($)	6 Months Ended	12 Months Ended
	Sep. 30, 2017	Mar. 31, 2017
NOTE 5 - INTANGIBLE ASSETS AND GOODWILL (Details) - Schedule of Intangible Assets And Goodwill [Line Items]
Intangible assets at the beginning of the period	$ 0	$ 113,321
Amortization	0	(113,321)
Patent filings and rights	111,691	0
Total Intangible assets	111,691	0
Total Goodwill	198,169	198,169
Cabaran Ultima Sdn. Bhd. ("Ultima") [Member]
NOTE 5 - INTANGIBLE ASSETS AND GOODWILL (Details) - Schedule of Intangible Assets And Goodwill [Line Items]
Goodwill of Cabaran Ultima Sdn Bhd	$ 198,169	$ 198,169

NOTE 6 - PROPERTY, PLANT AND 41

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Depreciation, Depletion and Amortization	$ 4,344	$ 97,842	$ 10,309	$ 195,514	$ 195,514

NOTE 6 - PROPERTY, PLANT AND 42

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT (Details) - Property, Plant and Equipment - USD ($)	6 Months Ended
	Sep. 30, 2017	Mar. 31, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,498,783	$ 3,549,125
Less: Accumulated depreciation	(2,545,526)	(2,595,189)
Net Assets	$ 953,257	953,936
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	25 years
Property, plant and equipment, gross	$ 239,519	241,181
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Property, plant and equipment, gross	$ 1,698,270	1,710,055
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Property, plant and equipment, gross	$ 154,396	157,349
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Property, plant and equipment, gross	$ 118,733	119,528
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Property, plant and equipment, gross	$ 68,228	70,368
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Property, plant and equipment, gross	$ 253,847	292,764
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life
Property, plant and equipment, gross	$ 965,790	$ 957,880

NOTE 7 - INVESTMENTS - OTHERS43

NOTE 7 - INVESTMENTS - OTHERS (Details) - Schedule of Investments - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Schedule of Equity Method Investments [Line Items]
Investment in land	$ 5,174,611	$ 5,174,611
Total	5,240,166	5,238,003
Midtown Partners & Co. LLC, ("Midtown Partners") [Member]
Schedule of Equity Method Investments [Line Items]
Investment in equity shares of unlisted company & associates	$ 65,555	$ 63,392

NOTE 9 - OTHER CURRENT AND NO44

NOTE 9 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Details) - Schedule of Other Current Liabilities - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Schedule of Other Current Liabilities [Abstract]
Statutory payables	$ 14,454	$ 15,203
Employee related liabilities	395,143	676,511
Total	$ 409,597	$ 691,714

NOTE 10 - RELATED PARTY TRANS45

NOTE 10 - RELATED PARTY TRANSACTIONS (Details)	6 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)	Mar. 31, 2016USD ($)	Sep. 30, 2017MYR	Mar. 31, 2017USD ($)
Chief Executive Officer [Member]
NOTE 10 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Due to Related Parties	$ 81,834
Affiliated Entity [Member] | Monthly Payment for Office Space and Certain General and Administrative Services [Member]
NOTE 10 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	4,500
Operating Leases, Rent Expense	13,500
Affiliated Entity [Member] | Monthly Payment for Office and Facilities [Member]
NOTE 10 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	6,100
Operating Leases, Rent Expense	18,300
Apogee Financial Services [Member]
NOTE 10 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Payments to Acquire Notes Receivable		$ 70,000
Medium-term Notes [Member] | Director [Member]
NOTE 10 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Due to Related Parties	350,794		MYR 1,480,000
Loans Payable [Member]
NOTE 10 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Debt Instrument, Face Amount	$ 399,726
Debt Instrument, Interest Rate, Stated Percentage	10.00%		10.00%
Loans Payable [Member] | Note Payable 5 [Member]
NOTE 10 - RELATED PARTY TRANSACTIONS (Details) [Line Items]
Debt Instrument, Face Amount	$ 112,500			$ 97,500
Debt Instrument, Interest Rate, Stated Percentage	0.00%		0.00%	0.00%
Debt Instrument, Maturity Date	Feb. 23, 2022

NOTE 11 - NOTES PAYABLE AND L46

NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS (Details)	3 Months Ended	6 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)shares	Sep. 30, 2017USD ($)shares	Mar. 31, 2017USD ($)shares
Notes Payable, Other Payables [Member] | Bricoleur Note [Member]
NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS (Details) [Line Items]
Debt Instrument, Face Amount	$ 1,800,000	$ 1,800,000
Stock Issued During Period, Shares, Other (in Shares) | shares	90,000
Stock Issued During Period, Value, Other	$ 30,900
Notes Payable, Other Payables [Member] | Bricoleur Note [Member] | Monthly Non-Cash Interest Payments Up to July 2014 [Member]
NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares) | shares			17,100
Notes Payable, Other Payables [Member] | Bricoleur Note [Member] | Monthly Non-Cash Interest Payments Starting on August 2014 [Member]
NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares) | shares		30,000	23,489
Notes Payable, Other Payables [Member] | Bricoleur Note [Member] | Monthly Non-Cash Interest Payments [Member]
NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares) | shares		90,000
Stock Issued During Period, Value, Other		$ 30,900
Loans Payable [Member]
NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS (Details) [Line Items]
Debt Instrument, Face Amount	$ 399,726	$ 399,726
Number of Other Loans	5	5
Debt Instrument, Interest Rate, Stated Percentage	10.00%	10.00%
Loans Payable [Member] | Note Payable 1 [Member]
NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS (Details) [Line Items]
Debt Instrument, Face Amount	$ 59,726	$ 59,726
Debt Instrument, Interest Rate, Stated Percentage	10.00%	10.00%
Debt Instrument, Maturity Date		Apr. 25, 2018
Loans Payable [Member] | Note Payable 2 [Member]
NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS (Details) [Line Items]
Debt Instrument, Face Amount	$ 100,000	$ 100,000
Debt Instrument, Interest Rate, Stated Percentage	24.00%	24.00%
Debt Instrument, Maturity Date		Feb. 23, 2022
Loans Payable [Member] | Note Payable 3 [Member]
NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS (Details) [Line Items]
Debt Instrument, Face Amount	$ 50,000	$ 50,000
Debt Instrument, Interest Rate, Stated Percentage	15.00%	15.00%
Debt Instrument, Maturity Date		Feb. 23, 2022
Loans Payable [Member] | Note Payable 4 [Member]
NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS (Details) [Line Items]
Debt Instrument, Face Amount	$ 77,500	$ 77,500
Debt Instrument, Interest Rate, Stated Percentage	15.00%	15.00%
Debt Instrument, Maturity Date		Feb. 23, 2022
Loans Payable [Member] | Note Payable 5 [Member]
NOTE 11 - NOTES PAYABLE AND LOANS – OTHERS (Details) [Line Items]
Debt Instrument, Face Amount	$ 112,500	$ 112,500	$ 97,500
Debt Instrument, Interest Rate, Stated Percentage	0.00%	0.00%	0.00%
Debt Instrument, Maturity Date		Feb. 23, 2022

NOTE 13 - COMMON STOCK (Details

NOTE 13 - COMMON STOCK (Details) - USD ($)	Dec. 18, 2014	Sep. 30, 2017	Sep. 30, 2017	Mar. 31, 2015	Mar. 31, 2017
NOTE 13 - COMMON STOCK (Details) [Line Items]
Common Stock, Par or Stated Value Per Share (in Dollars per share)		$ 0.0001	$ 0.0001		$ 0.0001
Unit Description			We have redeemable Warrants (CUSIP number 45408X118 expiring on March 6, 2019) to purchase Common Stock (ticker symbol: IGC.WT) and Units consisting of one share of Common Stock and two redeemable warrants to purchase Common Stock that are not listed.
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			440,000
Common Stock, Shares, Issued		28,005,272	28,005,272		28,272,667
Common Stock, Shares, Outstanding		28,005,272	28,005,272		28,272,667
ATM Agreement [Member]
NOTE 13 - COMMON STOCK (Details) [Line Items]
Stock Issued During Period, Shares, Other			1,012,252
Stock Issued During Period, Value, Other (in Dollars)			$ 367,931
Patents [Member]
NOTE 13 - COMMON STOCK (Details) [Line Items]
Stock Issued During Period, Shares, Acquisitions			100,000
Minimum [Member]
NOTE 13 - COMMON STOCK (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)			$ 0.10
Maximum [Member]
NOTE 13 - COMMON STOCK (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)			$ 0.30
Notes Payable, Other Payables [Member] | Bricoleur Note [Member]
NOTE 13 - COMMON STOCK (Details) [Line Items]
Stock Issued During Period, Shares, Other		90,000
Stock Issued During Period, Value, Other (in Dollars)		$ 30,900
Debt Instrument, Face Amount (in Dollars)		$ 1,800,000	$ 1,800,000
Midtown Partners & Co. LLC, ("Midtown Partners") [Member]
NOTE 13 - COMMON STOCK (Details) [Line Items]
Stock Issued During Period, Shares, Acquisitions	1,200,000
Stock Issued During Period, Value, Acquisitions (in Dollars)	$ 888,000
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions	24.90%
Business Acquisition, Shares Held Back	500,000
Investment, Additional Information				The agreement had a deadline of June 30, 2015, for Apogee and Midtown Partners to obtain the requisite approvals from FINRA. Apogee did not file for approval on time, and consequently pursuant to the terms of the Agreement, there are several penalties that will apply, including the cancellation of 700,000 shares of IGC stock and a penalty of $125,000 owed by Apogee to us. We are not seeking to consummate the acquisition of the remaining interest in Midtown Partners at this time.

NOTE 14 - STOCK-BASED COMPENS48

NOTE 14 - STOCK-BASED COMPENSATION (Details)	6 Months Ended
	Sep. 30, 2017shares
NOTE 14 - STOCK-BASED COMPENSATION (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	440,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	440,000
ESOP 2008 Omnibus Plan [Member]
NOTE 14 - STOCK-BASED COMPENSATION (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	4,374,899
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	0

NOTE 15 - SELLING, GENERAL AN49

NOTE 15 - SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Disclosure Text Block [Abstract]
Selling, General and Administrative Expense	$ 331,146	$ 339,585	$ 709,960	$ 636,802

NOTE 17 - OTHER INCOME (Details

NOTE 17 - OTHER INCOME (Details) - USD ($)	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Other Income and Expenses [Abstract]
Other Income	$ (144)	$ 11,985

NOTE 18 - RECONCILIATION OF E51

NOTE 18 - RECONCILIATION OF EPS (Details) - shares	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Weighted Average Number of Shares Outstanding, Basic	27,355,826	23,636,403	27,355,826	23,636,403

NOTE 19 - INCOME TAXES (Details

NOTE 19 - INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
NOTE 19 - INCOME TAXES (Details) [Line Items]
Effective Income Tax Rate Reconciliation, Percent			0.00%	0.00%
Income Tax Expense (Benefit)	$ 0	$ 0	$ 0	$ 0
Foreign Operations [Member]
NOTE 19 - INCOME TAXES (Details) [Line Items]
Unrecognized Tax Benefits	$ 0	$ 0	$ 0	$ 0

NOTE 20 - SEGMENT INFORMATION53

NOTE 20 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers by Products and Services - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue from External Customer [Line Items]
Revenue	$ 235,648	$ 162,163	$ 288,573	$ 237,563
% of Total Revenue			100.00%
Rental / Trading / Real Estate [Member]
Revenue from External Customer [Line Items]
Revenue			$ 288,573
% of Total Revenue			100.00%

NOTE 20 - SEGMENT INFORMATION54

NOTE 20 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers by Geographic Areas - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
NOTE 20 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers by Geographic Areas [Line Items]
Revenue	$ 235,648	$ 162,163	$ 288,573	$ 237,563
% of Total Revenue			100.00%
INDIA
NOTE 20 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers by Geographic Areas [Line Items]
Revenue			$ 233,271
% of Total Revenue			81.00%
MALAYSIA
NOTE 20 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers by Geographic Areas [Line Items]
Revenue			$ 55,302
% of Total Revenue			19.00%

NOTE 20 - SEGMENT INFORMATION55

NOTE 20 - SEGMENT INFORMATION (Details) - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas - USD ($)	Sep. 30, 2017	Mar. 31, 2017	Mar. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Goodwill	$ 198,169	$ 198,169
Intangible assets	111,691	0	$ 113,321
Property, Plant and Equipment, net	953,257	953,936
Investments in Affiliates	773,111	773,111
Investments-Others	5,240,166	5,238,003
Other Non-Current Assets	691,745	$ 539,720
Total Long-Term Assets	7,968,139
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Goodwill	0
Intangible assets	111,691
Property, Plant and Equipment, net	896,283
Investments in Affiliates	773,111
Investments-Others	5,174,611
Other Non-Current Assets	181,581
Total Long-Term Assets	7,137,277
Foreign Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Goodwill	198,169
Intangible assets	0
Property, Plant and Equipment, net	56,974
Investments in Affiliates	0
Investments-Others	65,555
Other Non-Current Assets	510,164
Total Long-Term Assets	$ 830,862

NOTE 21 - CERTAIN AGED RECEIV56

NOTE 21 - CERTAIN AGED RECEIVABLES (Details) - USD ($)	Sep. 30, 2017	Mar. 31, 2017
Disclosure Text Block Supplement [Abstract]
Other Receivables, Net, Current	$ 427,721	$ 427,721

NOTE 24 - INVESTMENT IN AFFIL57

NOTE 24 - INVESTMENT IN AFFILIATES (Details) - Midtown Partners & Co. LLC, ("Midtown Partners") [Member]	Dec. 18, 2014USD ($)shares
NOTE 24 - INVESTMENT IN AFFILIATES (Details) [Line Items]
Stock Issued During Period, Shares, Acquisitions | shares	1,200,000
Stock Issued During Period, Value, Acquisitions | $	$ 888,000
Equity Method Investment, Ownership Percentage	24.90%