10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

FORM 10-Q/A

þ	Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
	For the quarterly period ended June 30, 2012
o	Transition report under Section 13 or 15(d) of the Exchange Act of 1934.

Commission file number 1-32830

INDIA GLOBALIZATION CAPITAL, INC.

(Exact name of small business issuer in its charter)

Maryland (State or other jurisdiction of incorporation or organization) 20-2760393 (I.R.S. Employer Identification No.)

 4336 Montgomery Ave. Bethesda, Maryland 20814

(Address of principal executive offices)

(301) 983-0998

(Issuer’s telephone number)

Securities registered under Section 12(b) of the Exchange Act: 

Title of Each Class	Name of exchange on which registered
Units, each consisting of one share of Common Stock	NYSE MKT
and two Warrants
Common Stock	NYSE MKT
Common Stock Purchase Warrants	NYSE MKT

Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  þ Yes     o No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  þ Yes     o No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer  o	Accelerated Filer o
Non-Accelerated Filer   o (Do not check if a smaller reporting company)	Smaller reporting companyþ

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    o Yes     þ No

Indicate the number of shares outstanding for each of the issuer’s classes of common equity as of the latest practicable date.

Class	Shares Outstanding as of July 26, 2012
Common Stock, $.0001 Par Value	60,061,737

EXPLANATORY NOTE - AMENDMENT

The sole purpose of this Amendment No. 1 to the Quarterly Report on Form 10-Q/A for the quarterly period ended June 30, 2012 of India Globalization Capital, Inc. (the “Company”) filed with the Securities and Exchange Commission on August 20, 2012 (the “Form 10-Q”) is to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T.

No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.

ITEM 6. EXHIBITS

The following exhibits are filed as part of this report:

31.1	Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
31.2	Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
32.1	Certification of the Principal Executive Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*
32.2	Certification of the Principal Financial Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*
101.INS	XBRL Instance Document **
101.SCH	XBRL Taxonomy Extension Schema Document **
101.CAL	XBRL Taxonomy Extension Calculation Linkbase **
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document **
101.LAB	XBRL Taxonomy Extension Label Linkbase Document **
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document **

* These exhibits were previously included or incorporated by reference in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2012, filed with the Securities and Exchange Commission on August 20, 2012.

** Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, and otherwise are not subject to liability under those sections.

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	INDIA GLOBALIZATION CAPITAL, INC.
Date: August 21, 2012	By:	/s/ Ram Mukunda
		Ram Mukunda
		Chief Executive Officer and President (Principal Executive Officer)

Date: August 21, 2012	By:	/s/ John B. Selvaraj
		John B. Selvaraj
		Treasurer, Principal Financial and Accounting Officer

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NOTE 17 - INVESTMENTS-OTHERS (Tables)

3 Months Ended

Jun. 30, 2012

Investment [Table Text Block]

Investments – others for each of the periods ended June 30, 2012 and March 31, 2012 consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Investment in equity shares of an unlisted company	$	53,986	$	58,950
Investment in partnership		298,393		578,670
Investment in iron ore		-		-
Total	$	352,379	$	637,620

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NOTE 12 - PROPERTY, PLANT AND EQUIPMENT (Detail) (USD $)	9 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Depreciation	$ 83,594	$ 51,244

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NOTE 5 - SHORT-TERM BORROWINGS (Detail) - Schedule of Short-Term Debt (USD $)	Jun. 30, 2012	Mar. 31, 2012
Secured	$ 200,761	$ 210,010
Unsecured	0	0
Total	$ 200,761	$ 210,010

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NOTE 12 - PROPERTY, PLANT AND EQUIPMENT (Detail) - Property, Plant and Equipment (USD $)	3 Months Ended
	Jun. 30, 2012	Mar. 31, 2012
Period end and Year end	$ 14,372,911	$ 14,622,020
Less: Accumulated Depreciation	(6,002,757)	(6,130,224)
Net Assets	8,370,154	8,491,796
Land [Member]
Usefule Life (years)
Period end and Year end	121,591	11,226
Building and Building Improvements [Member]
Usefule Life (years)	25 years
Period end and Year end	321,601	309,585
Machinery and Equipment [Member]
Usefule Life (years)	20 years
Period end and Year end	9,168,096	9,371,150
Computer Equipment [Member]
Usefule Life (years)	3 years
Period end and Year end	217,509	219,110
Office Equipment [Member]
Usefule Life (years)	5 years
Period end and Year end	201,538	228,794
Furniture and Fixtures [Member]
Usefule Life (years)	5 years
Period end and Year end	87,635	88,804
Vehicles [Member]
Usefule Life (years)	5 years
Period end and Year end	461,710	474,622
Construction in Progress [Member]
Usefule Life (years)
Period end and Year end	$ 3,793,230	$ 3,918,729

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NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS (Detail) - Schedule of Other Non-Current Assets (USD $)	Jun. 30, 2012	Mar. 31, 2012
Sr. debtors - pending more than 1 year	$ 516,443	$ 557,758
Advance pending more than 1 year	477,572	441,058
Total	$ 994,015	$ 998,816

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NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS (Tables)

3 Months Ended

Jun. 30, 2012

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

Prepaid expenses and other current assets consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Prepaid / Preliminary expenses	$	2,935	$	82,120
Advance to suppliers & services		620,552		620,148
Security & other advances		87,945		125,503
Advances to employees		1,649,195		1,561,123
Prepaid / accrued interest		25,188		717
Deposit  and other current assets		186,440		196,903
Total	$	2,572,255	$	2,586,514

Schedule of Other Assets, Noncurrent [Table Text Block]

Other non-current assets consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Sr. debtors - pending more than 1 year	$	516,443	$	557,758
Land usage rights		-		-
Advance pending more than 1 year		477,572		441,058
Total	$	994,015	$	998,816

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NOTE 13 - STOCK-BASED COMPENSATION (Detail) - Schedule of Valuation of Stock Options	3 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2009
Expected life of options	5 years	5 years
Vested options	100.00%	100.00%
Risk free interest rate	4.10%	1.98%
Expected volatility	83.37%	35.35%
Expected dividend yield

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NOTE 18 - OTHER INCOME

3 Months Ended

Jun. 30, 2012

Other Income and Other Expense Disclosure [Text Block]

NOTE 18 – OTHER INCOME

Other income for the quarter ended June 30, 2012 contains certain foreign exchange gains/losses arising on account of re-measurement of certain intercompany receivables between the US holding company and the India subsidiaries. The total foreign exchange loss for the quarter ended June 30, 2012 amounted to USD 374,749.

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NOTE 6 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Detail) - Schedule of Other Non-current Liabilities (USD $)	3 Months Ended	12 Months Ended
	Jun. 30, 2012	Mar. 31, 2012
Creditors aged more than 1 year	$ 390,471	$ 643,495
Provision for expenses	3,592,034	3,590,483
Total	$ 3,982,505	$ 4,233,978

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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Detail)	3 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Subsidiary of Limited Liability Company or Limited Partnership, Ownership Interest	50.00%
Business Acquisition, Percentage of Voting Interests Acquired	20.00%
Percentage that the tax benefit will be realized	50% likely
Debt Instrument, Maturity Date, Description	three months or less
Employee Defined Benefit Retirement Plan, Contributions, Percent	12.00%
Linxi H&F Economic and Trade Co. ("PRC Ironman") [Member] | Customer Concentration Risk [Member]
Number of Significant Customers	5
Concentration Risk, Percentage	98.00%
Credit Concentration Risk [Member]
Number of Significant Customers	6	10
Concentration Risk, Percentage	95.00%	77.00%

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NOTE 12 - PROPERTY, PLANT AND EQUIPMENT (Tables)

3 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Table Text Block]

A summary of property and equipment is as follows:

Category	Useful Life (years)		Period ended June 30, 2012			Year ended March 31, 2012
Land		N/A	$	121,591		$	11,226
Building (Flat)		25		321,601			309,585
Plant and Machinery		20		9,168,096			9,371,150
Computer Equipment		3		217,509			219,110
Office Equipment		5		201,538			228,794
Furniture and Fixtures		5		87,635			88,804
Vehicles		5		461,710			474,622
Assets under construction		N/A		3,793,230			3,918,729
Total			$	14,372,911		$	14,622,020
Less: Accumulated Depreciation			$	(6,002,757	)	$	(6,130,224	)
Net Assets			$	8,370,154		$	8,491,796

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NOTE 9 - NOTES PAYABLE (Detail) (USD $)	3 Months Ended
	Jun. 30, 2012	Mar. 31, 2011 Bricoleur Note Payable [Member]
Stock Isssued During Period, for Extension of Terms		688,500
Debt Instrument, Face Amount (in Dollars)	$ 2,232,627.79
Stock Issued During Period in Lieu of Cash for Liability	4,426,304
Note Holder Claim to Entitled Number of Shares	5,000,000

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NOTE 19 - IMPAIRMENT (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Mar. 31, 2012	Mar. 31, 2010	Oct. 01, 2009	Sep. 30, 2009
Equity Method Investment, Ownership Percentage			22.00%	63.00%
Equity Method Investment, Other than Temporary Impairment (in Dollars)	$ 5.1	$ 1.2

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NOTE 4 - ACCOUNTS RECEIVABLES (Detail) (USD $)	Jun. 30, 2012	Mar. 31, 2012
Accounts Receivable, Net, Current	$ 1,451,433	$ 1,641,868

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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Jun. 30, 2012

Significant Accounting Policies [Text Block]

NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES

a)  Basis of preparation of financial statements

The Company has prepared the accompanying unaudited Condensed Consolidated Financial Statements (“Financial Statements”) in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information.  Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles (“GAAP”) for complete financial statements.  Therefore, the Financial Statements should be read in conjunction with the audited Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2012 filed with the SEC on July 16, 2012.  In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included in the Financial Statements.  The results for interim periods do not necessarily indicate the results that may be expected for any other interim period or for the full year. The significant accounting policies adopted by the Company, in respect of these consolidated financial statements, are set out below. The Company’s current fiscal year ends on March 31, 2013.

b)  Principles of consolidation

The consolidated financial statements include the accounts of the Company and all of its subsidiaries that are more than 50% owned and controlled. The financial statements of the parent company and its majority owned or controlled subsidiaries have been combined on a line by line basis by adding together the book values of all items of assets, liabilities, incomes and expenses after eliminating all inter-company balances and transactions and resulting unrealized gain or loss. Operating results of companies acquired are included from the dates of acquisition.

c)  Non-controlling interests

Non-controlling interests in the Company’s consolidated financial statements result from the accounting for non-controlling interests in its subsidiaries.  Non-controlling interests represent the subsidiaries’ earnings and components of other comprehensive income that are attributed to the non-controlling parties’ equity interests.  The Company consolidates the subsidiaries into its consolidated financial statements.  Transactions between the Company and its subsidiaries have been eliminated in the consolidated financial statements.

The Company accounts for investments by the equity method where its investment in the voting stock gives it the ability to exercise significant influence over the investee but not control. In situations, such as the Company’s ownership interest in Sricon Infrastructure Private Limited (“Sricon”), wherein the Company is not able to exercise significant influence in spite of having 20% or more of the voting stock, the Company has accounted for the investment based on the cost method. In addition, the Company consolidates any Variable Interest Entity (“VIE”) if it is determined to be the primary beneficiary. However, as of June 30, 2012, the Company does not have any interest in any VIE or equity method investment.

The non-controlling interest disclosed in the accompanying unaudited interim consolidated financial statements represents the non-controlling interest in Techni Bharathi Limited (“TBL”) and in Linxi H&F Economic and Trade Co. (PRC Ironman) through 100% owned subsidiary, H&F Ironman Limited (HK Ironman) and the profits or losses associated with the non-controlling interest in those operations.

The adoption of Accounting Standards Codification (ASC) 810-10-65 “Consolidation — Transition and Open Effective Date Information” (previously referred to as SFAS No. 160, “Non-controlling Interests in Consolidated Financial Statements, an amendment of ARB No. 51”), has resulted in the reclassification of amounts previously attributable to minority interest (now referred to as non-controlling interest) to a separate component of shareholders’ equity on the accompanying consolidated balance sheets and consolidated statements of shareholders’ equity and comprehensive income (loss). Additionally, net income attributable to non-controlling interest is shown separately from net income in the consolidated statements of income. This reclassification had no effect on our previously reported financial position or results of operations.

d)  Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Management believes that the estimates and assumptions used in the preparation of the consolidated financial statements are prudent and reasonable.  Significant estimates and assumptions are used for, but not limited to: allowance for uncollectible accounts receivable; future obligations under employee benefit plans; the useful lives of property, plant, equipment; intangible assets; the valuation of assets and liabilities acquired in a business combination; impairment of goodwill and investments; recoverability of advances; the valuation of options granted and warrants issued; and income tax and deferred tax valuation allowances.  Actual results could differ from those estimates.  Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates.  Critical accounting estimates could change from period to period and could have a material impact on IGC’s results, operations, financial position and cash flows.

Changes in estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the consolidated financial statements.

e)  Foreign currency translation

The functional currency is the currency in which the Company’s subsidiaries operate and it largely reflects the economic substance of the underlying events and circumstance of the Company’s subsidiaries.  The functional currencies of the Company's Indian and Chinese subsidiaries are the Indian rupee (INR) and the renminbi (RMB), respectively.  Our financial statements reporting currency is the United States dollar (USD or $).  Operating and capital expenditures of the Company's subsidiaries located in India and China are denominated in their local currencies, which are the currencies most compatible with their expected economic results. 

In accordance with ASC 830, “Foreign Currency Matters,” all transactions and account balances are recorded in the local Company’s subsidiaries’ currencies.  The Company translates the value of these local currencies denominated assets and liabilities into USD at the rates in effect at the balance sheet date.  Resulting translation adjustments are recorded in stockholders' equity as a component of accumulated other comprehensive income (loss).  The local currencies denominated statement of income amounts are translated into U.S. dollars using the average exchange rates in effect during the period.  Realized foreign currency transaction gains and losses are included in the consolidated statements of income.

The exchange rates used for translation purposes are as follows:

Period	Period End Average Rate (P&L rate)	Period End Rate (Balance sheet rate)
Three months ended June30, 2011	INR44.56 per USD	INR 44.59 per USD
Year ended March 31, 2012	INR47.715 per USD	INR 50.89 per USD
	RMB 6.29 per USD	RMB 6.30 per USD
Three months ended June 30, 2012	INR 53.23 per USD	INR 55.57 per USD
	RMB 6.31 per USD	RMB 6.31 per USD

f)  Revenue recognition

Revenue is recognized when persuasive evidence of an arrangement exists, the sales price is fixed or determinable and collectability is reasonably assured. In government contracting, the Company recognizes revenue when a government consultant verifies and certifies an invoice for payment.

The majority of the revenue recognized for the three months ended June 30, 2012 and 2011 was derived from the Company’s subsidiaries, which derive revenue from the following sources.

Revenue from sale of goods is recognized when substantial risks and rewards of ownership are transferred to the buyer under the terms of the contract.

For the sale of goods, the timing of the transfer of substantial risks and rewards of ownership is based on the contract terms negotiated with the buyer, e.g., FOB or CIF.  IGC considers the guidance provided under 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. These criteria are assessed by the Company 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 they are approved by both, the customer and the Company with respect to both the scope and invoicing and payment terms.

§   In the event of claims in our percentage of completion contracts, the additional contract revenue relating to claims is only accounted after the proper award of the claim by the competent authority.  The contract claims are considered in the percentage of completion only after the proper award of the claim by the competent authority. 

Full provision is made for any loss in the period in which it is foreseen.

Revenue from service related activities and miscellaneous other contracts are recognized when the service is rendered using the proportionate completion method or completed service contract method.

g)  Accounts receivable

Accounts receivable is recorded at the invoiced amount, taking into consideration any adjustments made by the Indian government consultants who verify and certify construction and material invoices.  Accounts receivable is also recorded when material, like iron ore, is physically delivered and accepted by the customer or is contractually deemed to have been delivered to the customer. 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.

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.

Long-term accounts receivables are typically for Build-Operate-Transfer (BOT) contracts.  It is money due to the Company by the private or public sector to finance, design, construct, and operate a facility stated in a concession contract over an extended period of time.

The Company did not recognize any bad debt expense for the three months ended June 30, 2012 and 2011.  Unbilled accounts receivable represent revenue on contracts to be billed, in subsequent periods, as per the terms of the related contracts.

h) Inventories

Inventories primarily comprise finished goods, raw materials, work in progress, stock at customer site, stock in transit, components and accessories, stores and spares, scrap and residue.  Inventory is valued at the lower of cost (weighted average) or estimated net realizable value and includes the cost of materials, labor and manufacturing overhead.  

The cost of various categories of inventories is determined on the following basis:

§   Raw material is valued at weighed average of landed cost (purchase price, freight inward and transit insurance charges).

§   Work in progress is valued as confirmed, valued and certified by the technicians and site engineers and finished goods at material cost plus appropriate share of labor cost and production overheads.

§   Components and accessories, stores erection, materials, spares and loose tools are valued on a first-in-first-out basis.

The Company periodically reviews inventory for evidence of slow-moving or obsolete parts, and the estimated reserve is based on management’s reviews of inventories on hand, compared to estimated future usage and sales and the likelihood of obsolescence.

i)  Investments

Investments are initially measured at cost, which is the fair value of the consideration given for them, including transaction costs.  The Company's equity in the earnings/(losses) of affiliates is included in the statement of income and the Company's share of net assets of affiliates is included in the balance sheet.  Where the Company’s ownership interest in spite of being in excess of 20% is not sufficient to exercise significant influence, the Company has accounted for the investment based on the cost method. 

j)  Property, Plant and Equipment (PP&E)

Property and equipment are recorded at cost net of accumulated depreciation and depreciated over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows:

Buildings	5-25 years
Plant and machinery	10-20 years
Computer equipment	3-5 years
Office equipment	3-5 years
Furniture and fixtures	5-10 years
Vehicles	5-10 years

Upon retirement or disposition, cost and related accumulated depreciation of the property and equipment are de-recognized from the books of accounts and the gain or loss is reflected in the results of operation.  Cost of additions and substantial improvements to property and equipment are capitalized in the books of accounts.  The cost of maintenance and repairs of the property and equipment are charged to operating expenses as incurred.

k)  Impairment of long – lived assets

The Company reviews its long-lived assets, with finite lives, for impairment whenever events or changes in business circumstances indicate that the carrying amount of assets may not be fully recoverable.  Such circumstances include, though are not limited to, significant or sustained declines in revenues or earnings, future anticipated cash flows, business plans and material adverse changes in the economic climate, such as changes in operating environment, competitive information, impact of change in government policies, etc.  For assets that the Company intends to hold for use, if the total of the expected future undiscounted cash flows produced by the assets or subsidiary company is less than the carrying amount of the assets, a loss is recognized for the difference between the fair value and carrying value of the assets.  For assets the Company intends to dispose of by sale, a loss is recognized for the amount by which the estimated fair value less cost to sell is less than the carrying value of the assets.  Fair value is determined based on quoted market prices, if available, or other valuation techniques including discounted future net cash flows.

l)  Earnings per common share

Basic earnings per share is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the additional dilution from all potentially dilutive securities such as stock warrants and options.

m)  Income taxes

 The Company accounts for income taxes under the asset and liability method, in accordance with ASC 740, Income Taxes, which requires an entity to recognize deferred tax liabilities and assets.  Deferred tax assets and liabilities are recognized for the future tax consequence attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their tax bases and operating loss and tax credit carry forwards.  Deferred tax assets and liabilities are measured using the enacted tax rate expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date.  A valuation allowance is established and recorded when management determines that some or all of the deferred tax assets are not likely to be realized and therefore, it is necessary to reduce deferred tax assets to the amount expected to be realized.

In evaluating a tax position for recognition, management evaluates whether it is more-likely-than-not that a position will be sustained upon examination, including resolution of related appeals or litigation processes, based on technical merits of the position.  If the tax position meets the more-likely-than-not recognition threshold, the tax position is measured and recognized in the Company’s financial statements as the largest amount of tax benefit that, in management’s judgment, is greater than 50% likely of being realized upon settlement.  As of June 30, 2012 and 2011, there was no significant liability for income tax associated with unrecognized tax benefits.

The issuance by IGC of its common stock to HK Ironman stockholders in exchange for HK Ironman stock, as contemplated by the stock purchase agreement (“Stock Purchase Agreement”) between the Company, HK Ironman, PRC Ironman and their stockholders, generally will not be a taxable transaction 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 because of the approval of the Share Issuance Proposal for U.S. federal income tax purposes.

n) Cash and cash equivalents

For financial statement purposes, the Company considers all highly liquid debt instruments with maturity of three months or less, to be cash equivalents.  The Company maintains its cash in bank accounts in the United States of America, Mauritius, India and China, which at times may exceed applicable insurance limits.  The Company has not experienced any losses in such accounts.  The Company believes it is not exposed to any significant credit risk on cash and cash equivalent.  The Company does not invest its cash in securities that have an exposure to U.S. mortgages.

o)  Restricted cash

Restricted cash consists of deposits pledged to various government authorities and deposits used as collateral with banks for guarantees and letters of credit, given by the Company to its customers or vendors.

p)  Fair value of financial instruments

As of June 30, 2012 and March 31, 2012, 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.

PRC Ironman’s customers include local traders and steel mills near the port of Tianjin.  A large portion of Ironman’s revenue is derived from five major customers.  Five of Ironman’s major customers accounted for 98% of its total revenue for the quarter ended June 30, 2012.

A significant portion of the Company’s sales in India is also to key customers.  Six such customers accounted for approximately 95% of gross accounts receivable as of June 30, 2012.  As of June 30, 2011, ten clients accounted for approximately 77% of gross accounts receivable.

Non-renewal or/and termination of such relationship may have a material adverse effect on the Company’s revenue.

r) Leased mineral rights

In China, costs to obtain leased mineral rights are capitalized and amortized to operations as depletion expense within the leased periods, using the straight-line method.  Depletion expenses are included in depreciation and amortization on the accompanying statement of operations.

s)  Business combinations

In accordance with ASC Topic 805, Business Combinations, the Company uses the purchase method of accounting for all business combinations consummated after June 30, 2001.  Intangible assets acquired in a business combination are recognized and reported apart from goodwill if they meet the criteria specified in ASC Topic 805.  Any purchase price allocated to an assembled workforce is not accounted separately.

t)  Employee benefits plan

In accordance with applicable Indian laws, the Company provides for gratuity, a defined benefit retirement plan (the “Gratuity Plan”) covering certain categories of employees.  The Gratuity Plan provides a lump sum payment to vested employees, at retirement or termination of employment, an amount based on the respective employee’s last drawn salary and the years of employment with the Company.  In addition, all employees receive benefits from a provident fund, a defined contribution plan.  The employee and employer each make monthly contributions to the plan equal to 12% of the covered employee’s salary.  The contribution is made to the Government’s provident fund.

At this time the Company doesn’t participate in a multi-employer defined contribution plan in China to provide employees with certain retirement, medical and other fringe benefits because most of our workers are contractors employed through agencies or other companies.

u)  Commitments and contingencies

Liabilities for loss contingencies arising from claims, assessments, litigations, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment and/or remediation can be reasonably estimated.

v)  Accounting for goodwill and related impairment

Goodwill represents the excess cost of an acquisition over the fair value of our share of net identifiable assets of the acquired subsidiary at the date of acquisition.  Goodwill on acquisition of subsidiaries is disclosed separately.  Goodwill is stated at cost less impairment losses incurred, if any.

The Company adopted the provisions of Accounting Standards Codification (“ASC”) 350, “Intangibles – Goodwill and Others” (previously referred to as SFAS No. 142, "Goodwill and Other Intangible Assets," which sets forth the accounting for goodwill and intangible assets subsequent to their acquisition.  ASC 350 requires that goodwill and indefinite-lived intangible assets be allocated to the reporting unit level, which the Company defines as each subsidiary.  ASC 350 also prohibits the amortization of goodwill and indefinite-lived intangible assets upon adoption, but requires that they be tested for impairment at least annually, or more frequently as warranted, at the reporting unit level.

As per ASC 350-20-35-4 through 35-19, the impairment testing of goodwill is a two-step process.  The first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of a reporting unit with its carrying amount, including goodwill.  If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired, thus the second step of the impairment test is unnecessary.  If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test shall be performed to measure the amount of impairment loss, if any.  The second step of the goodwill impairment test, used to measure the amount of impairment loss, compares the implied fair value of reporting unit goodwill with the carrying amount of that goodwill.  If the carrying amount of reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss shall be recognized in an amount equal to that excess.  The loss recognized cannot exceed the carrying amount of goodwill.  After a goodwill impairment loss is recognized, the adjusted carrying amount of goodwill shall be its new accounting basis.  Subsequent reversal of a previously recognized goodwill impairment loss is prohibited once the measurement of that loss is completed.

In ASC 350.20.20, a reporting unit is defined as an operating segment or one level below the operating segment.  A component of an operating segment is a reporting unit if the component constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that component.  The Company has determined that IGC operates in a single operating segment.  While the CEO reviews the consolidated financial information for the purposes of decisions relating to resource allocation, the CFO, on a need basis, looks at the financial statements of the individual legal entities in India and China for the limited purpose of consolidation.  Given the existence of discrete financial statements at an individual entity level in India and China, 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, TBL and PRC Ironman, which are legal entities, are also considered separate reporting units and therefore the Company believes that the assessment of goodwill impairment at the subsidiary level, which is also a reporting unit, is appropriate.

The analysis of fair value is based on the estimate of the recoverable value of the underlying assets.  For long-lived assets such as land, the Company obtains appraisals from independent professional appraisers to determine the recoverable value.  For other assets such as receivables, the recoverable value is determined based on an assessment of the collectability and any potential losses due to default by the counter parties.  Unlike goodwill, long-lived assets are assessed for impairment only where there are any specific indicators for impairment.

w)  Reclassifications

Certain prior period balances have been reclassified to the presentation of the current period.

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.

In January 2010, the FASB issued an amendment to the accounting standards related to the disclosures about an entity's use of fair value measurements.  Under these amendments, entities will be required to provide enhanced disclosures about transfers into and out of the Level 1 (fair value determined based on quoted prices in active markets for identical assets and liabilities) and Level 2 (fair value determined based on significant other observable inputs) classifications, provide separate disclosures about purchases, sales, issuances and settlements relating to the tabular reconciliation of beginning and ending balances of the Level 3 (fair value determined based on significant unobservable inputs) classification and provide greater disaggregation for each class of assets and liabilities that use fair value measurements.  Except for the detailed Level 3 roll-forward disclosures, the new standard was effective for the Company for interim and annual reporting periods beginning after December 31, 2009.  The adoption of this accounting standards amendment did not have a material impact on the Company's disclosure or consolidated financial results.  The requirement to provide detailed disclosures about the purchases, sales, issuances and settlements in the roll-forward activity for Level 3 fair value measurements is effective for the Company for interim and annual reporting periods beginning after December 31, 2010.  The adoption of this accounting standard did not have a material impact on the Company's disclosure or consolidated financial results.

In December 2010, the FASB issued a new accounting standard, which requires that Step 2 of the goodwill impairment test be performed for reporting units whose carrying value is zero or negative.  This guidance is effective for fiscal years beginning after December 15, 2010 and interim periods within those years.  Our adoption of this standard did not have a material impact on the Company's disclosure or consolidated financial results.

In December 2010, the FASB issued new guidance clarifying some of the disclosure requirements related to business combinations that are material on an individual or aggregate basis.  Specifically, the guidance states that, if comparative financial statements are presented, the entity should disclose revenue and earnings of the combined entity as though the business combination(s) that occurred during the current year occurred as of the beginning of the comparable prior annual reporting period only.  Additionally, the new standard expands the supplemental pro forma disclosure required by the authoritative guidance to include a description of the nature and amount of material, nonrecurring pro forma adjustments directly attributable to the business combination in the reported pro forma revenue and earnings.  This guidance became effective January 1, 2011.  Our adoption of this standard did not have a material impact on the Company's disclosure or consolidated financial results.  However, it may result in additional disclosures in the event that we enter into a business combination that is material on either an individual or a consolidated basis.

In May 2011, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2011-04, “Fair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS”.  This update defines fair value, clarifies a framework to measure fair value and requires specific disclosures of fair value measurements.  The guidance is effective for interim and annual reporting periods beginning after January 1, 2012 and is required to be applied retrospectively.  The Company does not expect adoption of this guidance to have a material impact on its financial condition or results of operations.

In June 2011, the FASB issued ASU 2011-05, which is now part of ASC 220: “Presentation of Comprehensive Income".  The new guidance will require companies to present the components of net income and other comprehensive income either as one continuous statement or as two consecutive statements.  It eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity.  The standard does not change the items, which must be reported in other comprehensive income.  These provisions are to be applied retrospectively and will be effective for us as of January 1, 2012.  Because this guidance impacts presentation only, it will have no effect on our financial condition, results of operations or cash flows. 

In September 2011, the FASB issued an Accounting Standards Update that permits companies to assess qualitative factors to determine if it is more-likely-than-not that goodwill is impaired before performing the two-step goodwill impairment test required under current accounting standards. The guidance is effective for us beginning in the first quarter of fiscal 2013, with early adoption permitted. The adoption of this standard will not impact our financial results.

 In December 2011, the FASB issued new accounting disclosure requirements about the nature and exposure of offsetting arrangements related to financial and derivative instruments. The requirements are effective for fiscal years beginning after January 1, 2013, which for us is the fiscal ending March 2014. The requirements will not impact our results of operations or financial position.

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NOTE 20 - RECONCILIATION OF EPS (Detail)	3 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Weighted Average Number of Shares Outstanding, Basic	39,059,336	20,359,602

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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Detail) - Schedule of Foreign Currency Exchange Rates	3 Months Ended		12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Mar. 31, 2012
Period End Average Rate (P&L Rate) [Member] | INR per USD [Member]
Conversion Rate	INR 53.23 per USD	INR44.56 per USD	INR47.715 per USD
Period End Average Rate (P&L Rate) [Member] | RMB per USD [Member]
Conversion Rate	RMB 6.31 per USD		RMB 6.29 per USD
Period End Rate (Balance Sheet Rate) [Member] | INR per USD [Member]
Conversion Rate	INR 55.57 per USD	INR 44.59 per USD	INR 50.89 per USD
Period End Rate (Balance Sheet Rate) [Member] | RMB per USD [Member]
Conversion Rate	RMB 6.31 per USD		RMB 6.30 per USD

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NOTE 22 - SUBSEQUENT EVENTS

3 Months Ended

Jun. 30, 2012

Subsequent Events [Text Block]

NOTE 22 – SUBSEQUENT EVENTS

Effective August 1, 2012, India Globalization Capital, Inc. amended its Amended and Restated Articles of Incorporation in order to give effect to a previously announced increase of its authorized common stock from 75,000,000 shares to 150,000,000 shares. This amendment was approved by the Company's board and its stockholders on a special meeting held on August 25, 2011.  A complete copy of the Company’s Amended and Restated Articles of Incorporation, as amended by the certificate of amendment filed with the State Department of Assessments and Taxation of Maryland on August 1, 2012, was filed as Exhibit 3.1 to Form 8-K filed with the SEC on August 6, 2012.

IGC’s FYE 2012 Shareholder Meeting has been scheduled for September 7, 2012.

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NOTE 21 - ACCOUNTS RECEIVABLES

3 Months Ended

Jun. 30, 2012

Certain Aged Receivables [Text Block]

NOTE 21 – ACCOUNTS RECEIVABLES

IGC has access to about INR 140 million ($2.5 million at an exchange rate of 55 INR to 1 USD) in funds held by the High Court in Delhi after its subsidiary TBL won an arbitration award. The amount deposited by the National Highway Authority of India (NHAI) pursuant to an order dated April 10, 2012 by the High Court, includes the award principal and the corresponding interest.  IGC has to provide the High Court with a letter of credit, as is customary in India, to have immediate access to the full $2.5 million.

From the conservative accounting perspective, the corresponding receivable from Delhi High Court has been accounted only to the extent of the principal amount. As of June 30, 2012, the accounts receivable includes $1.35 million relating to principal amount of this particular award of claim. The company is confident of receiving the entire amount (approx.$2.5 million) together with the accumulated interest within the current fiscal year.

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NOTE 13 - STOCK-BASED COMPENSATION (Detail) (USD $)	3 Months Ended		3 Months Ended	12 Months Ended	3 Months Ended
	Jun. 30, 2012	Mar. 28, 2013	Jun. 30, 2012 2009 Stock Options [Member]	Dec. 31, 2009 2009 Stock Options [Member]	Jun. 30, 2012 Q1 2011 Stock Options [Member]	Jun. 30, 2011 Q1 2011 Stock Options [Member]
Employee Share Based Compensation, Number of Shares Granted	78,820
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	2,783,450
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				1,413,000		1,370,450
Investment Options, Exercise Price (in Dollars per share)			$ 1.00		$ 0.56
Fair Value of Underlying Stock on Grant Date (in Dollars)		$ 39,410
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value (in Dollars)				$ 90,997		$ 235,267
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	2,783,450
EmployeeShareBasedCompensationNumberOfSharesAwarded	78,820
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	6,161,475

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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Detail) - Schedule of Estimated Useful Lives	3 Months Ended
	Jun. 30, 2012
Building [Member]
Estimated Useful Life (years)	5-25 years
Plant and Machinery [Member]
Estimated Useful Life (years)	10-20 years
Computer Equipment [Member]
Estimated Useful Life (years)	3-5 years
Office Equipment [Member]
Estimated Useful Life (years)	3-5 years
Furniture and Fixtures [Member]
Estimated Useful Life (years)	5-10 years
Vehicles [Member]
Estimated Useful Life (years)	5-10 years

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Accounting Policies, by Policy (Policies)	3 Months Ended
	Jun. 30, 2012
Basis of Accounting, Policy [Policy Text Block]	The Company has prepared the accompanying unaudited Condensed Consolidated Financial Statements ("Financial Statements") in accordance with the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial information.Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles ("GAAP") for complete financial statements.Therefore, the Financial Statements should be read in conjunction with the audited Consolidated Financial Statements contained in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2012 filed with the SEC on July 16, 2012.In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation have been included in the Financial Statements.The results for interim periods do not necessarily indicate the results that may be expected for any other interim period or for the full year. The significant accounting policies adopted by the Company, in respect of these consolidated financial statements, are set out below. The Company's current fiscal year ends on March 31, 2013.
Consolidation, Policy [Policy Text Block]	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 in the Company's consolidated financial statements result from the accounting for non-controlling interests in its subsidiaries.Non-controlling interests represent the subsidiaries' earnings and components of other comprehensive income that are attributed to the non-controlling parties' equity interests.The Company consolidates the subsidiaries into its consolidated financial statements. Transactions between the Company and its subsidiaries have been eliminated in the consolidated financial statements. The Company accounts for investments by the equity method where its investment in the voting stock gives it the ability to exercise significant influence over the investee but not control. In situations, such as the Company's ownership interest in Sricon Infrastructure Private Limited ("Sricon"), wherein the Company is not able to exercise significant influence in spite of having 20% or more of the voting stock, the Company has accounted for the investment based on the cost method. In addition, the Company consolidates any Variable Interest Entity ("VIE") if it is determined to be the primary beneficiary. However, as of June 30, 2012, the Company does not have any interest in any VIE or equity method investment. The non-controlling interest disclosed in the accompanying unaudited interim consolidated financial statements represents the non-controlling interest in Techni Bharathi Limited ("TBL") and in Linxi H&F Economic and Trade Co. (PRC Ironman) through 100% owned subsidiary, H&F Ironman Limited (HK Ironman) and the profits or losses associated with the non-controlling interest in those operations. The adoption of Accounting Standards Codification (ASC) 810-10-65 "Consolidation - Transition and Open Effective Date Information" (previously referred to as SFAS No. 160, "Non-controlling Interests in Consolidated Financial Statements, an amendment of ARB No. 51"), has resulted in the reclassification of amounts previously attributable to minority interest (now referred to as non-controlling interest) to a separate component of shareholders' equity on the accompanying consolidated balance sheets and consolidated statements of shareholders' equity and comprehensive income (loss). Additionally, net income attributable to non-controlling interest is shown separately from net income in the consolidated statements of income. This reclassification had no effect on our previously reported financial position or results of operations.
Use of Estimates, Policy [Policy Text Block]	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Management believes that the estimates and assumptions used in the preparation of the consolidated financial statements are prudent and reasonable.Significant estimates and assumptions are used for, but not limited to: allowance for uncollectible accounts receivable; future obligations under employee benefit plans; the useful lives of property, plant, equipment; intangible assets; the valuation of assets and liabilities acquired in a business combination; impairment of goodwill and investments; recoverability of advances; the valuation of options granted and warrants issued; and income tax and deferred tax valuation allowances.Actual results could differ from those estimates.Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates.Critical accounting estimates could change from period to period and could have a material impact on IGC's results, operations, financial position and cash flows. Changes in estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the consolidated financial statements.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	The functional currency is the currency in which the Company's subsidiaries operate and it largely reflects the economic substance of the underlying events and circumstance of the Company's subsidiaries. The functional currencies of the Company's Indian and Chinese subsidiaries are the Indian rupee (INR) and therenminbi (RMB), respectively.Our financial statements reporting currency is the United States dollar (USD or $).Operating and capital expenditures of the Company's subsidiaries located in India and China are denominated in their local currencies, which are the currencies most compatible with their expected economic results. In accordance with ASC 830, "Foreign Currency Matters," all transactions and account balances are recorded in the local Company's subsidiaries' currencies.The Company translates the value of these local currencies denominated assets and liabilities into USD at the rates in effect at the balance sheet date.Resulting translation adjustments are recorded in stockholders' equity as a component of accumulated other comprehensive income (loss).The local currencies denominated statement of income amounts are translated into U.S. dollars using the average exchange rates in effect during the period.Realized foreign currency transaction gains and losses are included in the consolidated statements of income. The exchange rates used for translation purposes are as follows: Period Period End Average Rate (P&L rate) Period End Rate (Balance sheet rate) Three months ended June30, 2011 INR44.56 per USD INR 44.59 per USD Year ended March 31, 2012 INR47.715 per USD INR 50.89 per USD RMB 6.29 per USD RMB 6.30 per USD Three months ended June 30, 2012 INR 53.23 per
Revenue Recognition, Policy [Policy Text Block]	Revenue is recognized when persuasive evidence of an arrangement exists, the sales price is fixed or determinable and collectability is reasonably assured. In government contracting, the Company recognizes revenue when a government consultant verifies and certifies an invoice for payment. The majority of the revenue recognized for the three months ended June 30, 2012 and 2011 was derived from the Company's subsidiaries, which derive revenue from the following sources. Revenue from sale of goods is recognized when substantial risks and rewards of ownership are transferred to the buyer under the terms of the contract. For the sale of goods, the timing of the transfer of substantial risks and rewards of ownership is based on the contract terms negotiated with the buyer, e.g., FOB or CIF.IGC considers the guidance provided under 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. These criteria are assessed by the Company 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 they are approved by both, the customer and the Company with respect to both the scope and invoicing and payment terms. In the event of claims in our percentage of completion contracts, the additional contract revenue relating to claims is only accounted after the proper award of the claim by the competent authority.The contract claims are considered in the percentage of completion only after the proper award of the claim by the competent authority. Full provision is made for any loss in the period in which it is foreseen. Revenue from service related activities and miscellaneous other contracts are recognized when the service is rendered using the proportionate completion method or completed service contract method.
Receivables, Policy [Policy Text Block]	Accounts receivable is recorded at the invoiced amount, taking into consideration any adjustments made by the Indian government consultants who verify and certify construction and material invoices.Accounts receivable is also recorded when material, like iron ore, is physically delivered and accepted by the customer or is contractually deemed to have been delivered to the customer. 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. 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. Long-term accounts receivables are typically for Build-Operate-Transfer (BOT) contracts.It is money due to the Company by the private or public sector to finance, design, construct, and operate a facility stated in a concession contract over an extended period of time. The Company did not recognize any bad debt expense for the three months ended June 30, 2012 and 2011.Unbilled accounts receivable represent revenue on contracts to be billed, in subsequent periods, as per the terms of the related contracts.
Inventory, Policy [Policy Text Block]	Inventories primarily comprise finished goods, raw materials, work in progress, stock at customer site, stock in transit, components and accessories, stores and spares, scrap and residue.Inventory is valued at the lower of cost (weighted average) or estimated net realizable value and includes the cost of materials, labor and manufacturing overhead. The cost of various categories of inventories is determined on the following basis: Raw material is valued at weighed average of landed cost (purchase price, freight inward and transit insurance charges). Work in progress is valued as confirmed, valued and certified by the technicians and site engineers and finished goods at material cost plus appropriate share of labor cost and production overheads. Components and accessories, stores erection, materials, spares and loose tools are valued on a first-in-first-out basis. The Company periodically reviews inventory for evidence of slow-moving or obsolete parts, and the estimated reserve is based on management's reviews of inventories on hand, compared to estimated future usage and sales and the likelihood of obsolescence.
Investment, Policy [Policy Text Block]	Investments are initially measured at cost, which is the fair value of the consideration given for them, including transaction costs.The Company's equity in the earnings/(losses) of affiliates is included in the statement of income and the Company's share of net assets of affiliates is included in the balance sheet.Where the Company's ownership interest in spite of being in excess of 20% is not sufficient to exercise significant influence, the Company has accounted for the investment based on the cost method.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and equipment are recorded at cost net of accumulated depreciation and depreciated over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: Buildings 5-25 years Plant and machinery 10-20 years Computer equipment 3-5 years Office equipment 3-5 years Furniture and fixtures 5-10 years Vehicles 5-10 years Upon retirement or disposition, cost and related accumulated depreciation of the property and equipment are de-recognized from the books of accounts and the gain or loss is reflected in the results of operation.Cost of additions and substantial improvements to property and equipment are capitalized in the books of accounts.The cost of maintenance and repairs of the property and equipment are charged to operating expenses as incurred.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	The Company reviews its long-lived assets, with finite lives, for impairment whenever events or changes in business circumstances indicate that the carrying amount of assets may not be fully recoverable.Such circumstances include, though are not limited to, significant or sustained declines in revenues or earnings, future anticipated cash flows, business plans and material adverse changes in the economic climate, such as changes in operating environment, competitive information, impact of change in government policies, etc.For assets that the Company intends to hold for use, if the total of the expected future undiscounted cash flows produced by the assets or subsidiary company is less than the carrying amount of the assets, a loss is recognized for the difference between the fair value and carrying value of the assets.For assets the Company intends to dispose of by sale, a loss is recognized for the amount by which the estimated fair value less cost to sell is less than the carrying value of the assets.Fair value is determined based on quoted market prices, if available, or other valuation techniques including discounted future net cash flows.
Earnings Per Share, Policy [Policy Text Block]	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]	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 June 30, 2012 and 2011, there was no significant liability for income tax associated with unrecognized tax benefits. The issuance by IGC of its common stock to HK Ironman stockholders in exchange for HK Ironman stock, as contemplated by the stock purchase agreement ("Stock Purchase Agreement") between the Company, HK Ironman, PRC Ironman and their stockholders, generally will not be a taxable transaction 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 because of the approval of the Share Issuance Proposal for U.S. federal income tax purposes.
Cash and Cash Equivalents, Policy [Policy Text Block]	For financial statement purposes, the Company considers all highly liquid debt instruments with maturity of three months or less, to be cash equivalents.The Company maintains its cash in bank accounts in the United States of America, Mauritius, India and China, which at times may exceed applicable insurance limits.The Company has not experienced any losses in such accounts.The Company believes it is not exposed to any significant credit risk on cash and cash equivalent.The Company does not invest its cash in securities that have an exposure to U.S. mortgages.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted cash consists of deposits pledged to various government authorities and deposits used as collateral with banks for guarantees and letters of credit, given by the Company to its customers or vendors.
Fair Value of Financial Instruments, Policy [Policy Text Block]	As of June 30, 2012 and March 31, 2012, 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]	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. PRC Ironman's customers include local traders and steel mills near the port of Tianjin.A large portion of Ironman's revenue is derived from five major customers.Five of Ironman's major customers accounted for 98% of its total revenue for the quarter ended June 30, 2012. A significant portion of the Company's sales in India is also to key customers.Six such customers accounted for approximately 95% of gross accounts receivable as of June 30, 2012.As of June 30, 2011, ten clients accounted for approximately 77% of gross accounts receivable. Non-renewal or/and termination of such relationship may have a material adverse effect on the Company's revenue.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	In China, costs to obtain leased mineral rights are capitalized and amortized to operations as depletion expense within the leased periods, using the straight-line method.Depletion expenses are included in depreciation and amortization on the accompanying statement of operations.
Business Combinations Policy [Policy Text Block]	In accordance with ASC Topic 805, Business Combinations, the Company uses the purchase method of accounting for all business combinations consummated after June 30, 2001.Intangible assets acquired in a business combination are recognized and reported apart from goodwill if they meet the criteria specified in ASC Topic 805.Any purchase price allocated to an assembled workforce is not accounted separately.
Employee Benefits, Policy [Policy Text Block]	In accordance with applicable Indian laws, the Company provides for gratuity, a defined benefit retirement plan (the "Gratuity Plan") covering certain categories of employees.The Gratuity Plan provides a lump sum payment to vested employees, at retirement or termination of employment, an amount based on the respective employee's last drawn salary and the years of employment with the Company.In addition, all employees receive benefits from a provident fund, a defined contribution plan.The employee and employer each make monthly contributions to the plan equal to 12% of the covered employee's salary.The contribution is made to the Government's provident fund. At this time the Company doesn't participate in a multi-employer defined contribution plan in China to provide employees with certain retirement, medical and other fringe benefits because most of our workers are contractors employed through agencies or other companies.
Commitments and Contingencies, Policy [Policy Text Block]	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]	Goodwill represents the excess cost of an acquisition over the fair value of our share of net identifiable assets of the acquired subsidiary at the date of acquisition.Goodwill on acquisition of subsidiaries is disclosed separately.Goodwill is stated at cost less impairment losses incurred, if any. The Company adopted the provisions of Accounting Standards Codification ("ASC") 350, "Intangibles - Goodwill and Others" (previously referred to as SFAS No. 142, "Goodwill and Other Intangible Assets," which sets forth the accounting for goodwill and intangible assets subsequent to their acquisition.ASC 350 requires that goodwill and indefinite-lived intangible assets be allocated to the reporting unit level, which the Company defines as each subsidiary.ASC 350 also prohibits the amortization of goodwill and indefinite-lived intangible assets upon adoption, but requires that they be tested for impairment at least annually, or more frequently as warranted, at the reporting unit level. As per ASC 350-20-35-4 through 35-19, the impairment testing of goodwill is a two-step process.The first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of a reporting unit with its carrying amount, including goodwill.If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired, thus the second step of the impairment test is unnecessary.If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test shall be performed to measure the amount of impairment loss, if any.The second step of the goodwill impairment test, used to measure the amount of impairment loss, compares the implied fair value of reporting unit goodwill with the carrying amount of that goodwill.If the carrying amount of reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss shall be recognized in an amount equal to that excess.The loss recognized cannot exceed the carrying amount of goodwill.After a goodwill impairment loss is recognized, the adjusted carrying amount of goodwill shall be its new accounting basis.Subsequent reversal of a previously recognized goodwill impairment loss is prohibited once the measurement of that loss is completed. In ASC 350.20.20, a reporting unit is defined as an operating segment or one level below the operating segment.A component of an operating segment is a reporting unit if the component constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that component.The Company has determined that IGC operates in a single operating segment.While the CEO reviews the consolidated financial information for the purposes of decisions relating to resource allocation, the CFO, on a need basis, looks at the financial statements of the individual legal entities in India and China for the limited purpose of consolidation.Given the existence of discrete financial statements at an individual entity level in India and China, 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, TBL and PRC Ironman, which are legal entities, are also considered separate reporting units and therefore the Company believes that the assessment of goodwill impairment at the subsidiary level, which is also a reporting unit, is appropriate. The analysis of fair value is based on the estimate of the recoverable value of the underlying assets.For long-lived assets such as land, the Company obtains appraisals from independent professional appraisers to determine the recoverable value.For other assets such as receivables, the recoverable value is determined based on an assessment of the collectability and any potential losses due to default by the counter parties.Unlike goodwill, long-lived assets are assessed for impairment only where there are any specific indicators for impairment.
Reclassification, Policy [Policy Text Block]	Certain prior period balances have been reclassified to the presentation of the current period.
New Accounting Pronouncements, Policy [Policy Text Block]	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. In January 2010, the FASB issued an amendment to the accounting standards related to the disclosures about an entity's use of fair value measurements.Under these amendments, entities will be required to provide enhanced disclosures about transfers into and out of the Level 1 (fair value determined based on quoted prices in active markets for identical assets and liabilities) and Level 2 (fair value determined based on significant other observable inputs) classifications, provide separate disclosures about purchases, sales, issuances and settlements relating to the tabular reconciliation of beginning and ending balances of the Level 3 (fair value determined based on significant unobservable inputs) classification and provide greater disaggregation for each class of assets and liabilities that use fair value measurements.Except for the detailed Level 3 roll-forward disclosures, the new standard was effective for the Company for interim and annual reporting periods beginning after December 31, 2009.The adoption of this accounting standards amendment did not have a material impact on the Company's disclosure or consolidated financial results.The requirement to provide detailed disclosures about the purchases, sales, issuances and settlements in the roll-forward activity for Level 3 fair value measurements is effective for the Company for interim and annual reporting periods beginning after December 31, 2010.The adoption of this accounting standard did not have a material impact on the Company's disclosure or consolidated financial results. In December 2010, the FASB issued a new accounting standard, which requires that Step 2 of the goodwill impairment test be performed for reporting units whose carrying value is zero or negative.This guidance is effective for fiscal years beginning after December 15, 2010 and interim periods within those years.Our adoption of this standard did not have a material impact on the Company's disclosure or consolidated financial results. In December 2010, the FASB issued new guidance clarifying some of the disclosure requirements related to business combinations that are material on an individual or aggregate basis.Specifically, the guidance states that, if comparative financial statements are presented, the entity should disclose revenue and earnings of the combined entity as though the business combination(s) that occurred during the current year occurred as of the beginning of the comparable prior annual reporting period only.Additionally, the new standard expands the supplemental pro forma disclosure required by the authoritative guidance to include a description of the nature and amount of material, nonrecurring pro forma adjustments directly attributable to the business combination in the reported pro forma revenue and earnings.This guidance became effective January 1, 2011.Our adoption of this standard did not have a material impact on the Company's disclosure or consolidated financial results.However, it may result in additional disclosures in the event that we enter into a business combination that is material on either an individual or a consolidated basis. In May 2011, the Financial Accounting Standards Board ("FASB") issued ASU No. 2011-04, "Fair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS".This update defines fair value, clarifies a framework to measure fair value and requires specific disclosures of fair value measurements.The guidance is effective for interim and annual reporting periods beginning after January 1, 2012 and is required to be applied retrospectively.The Company does not expect adoption of this guidance to have a material impact on its financial condition or results of operations. In June 2011, the FASB issued ASU 2011-05, which is now part of ASC 220: "Presentation of Comprehensive Income".The new guidance will require companies to present the components of net income and other comprehensive income either as one continuous statement or as two consecutive statements.It eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders' equity.The standard does not change the items, which must be reported in other comprehensive income.These provisions are to be applied retrospectively and will be effective for us as of January 1, 2012.Because this guidance impacts presentation only, it will have no effect on our financial condition, results of operations or cash flows. In September 2011, the FASB issued an Accounting Standards Update that permits companies to assess qualitative factors to determine if it is more-likely-than-not that goodwill is impaired before performing the two-step goodwill impairment test required under current accounting standards. The guidance is effective for us beginning in the first quarter of fiscal 2013, with early adoption permitted. The adoption of this standard will not impact our financial results. In December 2011, the FASB issued new accounting disclosure requirements about the nature and exposure of offsetting arrangements related to financial and derivative instruments. The requirements are effective for fiscal years beginning after January 1, 2013, which for us is the fiscal ending March 2014. The requirements will not impact our results of operations or financial position.

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NOTE 1 - OVERVIEW (Tables)

3 Months Ended

Jun. 30, 2012

Schedule Of Subsidiaries [Table Text Block]

The financial statements of the following subsidiaries have been considered for consolidation.

Subsidiaries	Immediate holding company	Country of Incorporation	Percentage of holding as of June 30, 2012		Percentage of holding as of March 31, 2012
IGC – Mauritius ("IGC-M")	IGC	Mauritius		100		100
IGC India Mining and Trading Private Limited ("IGC-IMT")	IGC-M	India		100		100
IGC Logistic Private Limited ("IGC-LPL")	IGC-M	India		100		100
IGC Materials Private Limited ("IGC-MPL")	IGC-M	India		100		100
H&F Ironman Limited (“HK Ironman”)	IGC	Hong Kong		100		100
Linxi H&F Economic and Trade Co. ("PRC Ironman")	HK Ironman	Peoples’ Republic of China		95		95
Techni Bharathi Limited (“TBL”)	IGC-M	India		77		77

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NOTE 1 - OVERVIEW

3 Months Ended

Jun. 30, 2012

Nature of Operations [Text Block]

NOTE 1 – OVERVIEW

a)  Description of the Company

IGC, a Maryland corporation, organized on April 29, 2005, as a blank check company formed for the purpose of acquiring one or more businesses with operations primarily in India through a merger, capital stock exchange, asset acquisition or other similar business combination or acquisition.  On March 8, 2006, we completed an initial public offering of our Common Stock.  On February 19, 2007, we incorporated India Globalization Capital, Mauritius, Limited (IGC-M), a wholly owned subsidiary, under the laws of Mauritius.  On March 7, 2008, we consummated the acquisition of interests in two companies in India, Sricon Infrastructure Private Limited (“Sricon”) and Techni Bharathi Limited (“TBL”).  Currently, IGC owns 77% of TBL and these shares are held by IGC-M. TBL is focused on the infrastructure industry.  On June 21, 2012, IGC entered into a Memorandum of Settlement (the “MoS”) with Sricon and related parties, pursuant to which the Company gave up the 22% minority interest in Sricon in exchange for approximately 5 acres of land in Nagpur. The settlement is expected to close by the end of this year.

On February 19, 2009, IGC-M beneficially purchased 100% of IGC Mining and Trading Private Limited (IGC-IMT) based in Chennai, India.  IGC-IMT was formed on December 16, 2008, as a privately held start-up company engaged in the business of mining and trading.  Its current activity is to operate shipping hubs and to export iron ore to China from India.  On July 4, 2009, IGC-M beneficially purchased 100% of IGC Materials, Private Limited (IGC-MPL based in Nagpur, India), which conducts IGC’s quarrying business, and 100% of IGC Logistics, Private Limited (IGC-LPL) based in Nagpur, India, which is involved in the transport and delivery of ore, cement, aggregate and other materials.  Each of IGC-IMT, IGC-MPL and IGC-LPL were formed by third parties at the behest of IGC-M to facilitate the creation of the subsidiaries.  The purchase price paid for each of IGC-IMT, IGC-MPL and IGC-LPL was equal to the expenses incurred in incorporating the respective entities with no premium paid.  India Globalization Capital, Inc. (”IGC,” the “Company,” or “we”) and its subsidiaries are engaged in the sale of materials, and in mining, quarrying, and construction.  

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."

IGC operates in India and China geographies specializing in the infrastructure sector.  Operating as a fully integrated infrastructure company, IGC, through its subsidiaries, has expertise in mining and quarrying, and road building.  The Company’s medium term plans are to expand the number of iron ore mines it has in China and continue to build its iron ore assets.  The business offerings of the Company include construction as well as a materials business.  The Company’s core businesses are in mining, materials and construction.

b)  List of subsidiaries with percentage holding

The operations of IGC are based in India and China. The financial statements of the following subsidiaries have been considered for consolidation.

Subsidiaries	Immediate holding company	Country of Incorporation	Percentage of holding as of June 30, 2012		Percentage of holding as of March 31, 2012
IGC – Mauritius ("IGC-M")	IGC	Mauritius		100		100
IGC India Mining and Trading Private Limited ("IGC-IMT")	IGC-M	India		100		100
IGC Logistic Private Limited ("IGC-LPL")	IGC-M	India		100		100
IGC Materials Private Limited ("IGC-MPL")	IGC-M	India		100		100
H&F Ironman Limited (“HK Ironman”)	IGC	Hong Kong		100		100
Linxi H&F Economic and Trade Co. ("PRC Ironman")	HK Ironman	Peoples’ Republic of China		95		95
Techni Bharathi Limited (“TBL”)	IGC-M	India		77		77

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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Jun. 30, 2012

Foreign Currency Exchange Rates [Table Text Block]

The exchange rates used for translation purposes are as follows:

Period	Period End Average Rate (P&L rate)	Period End Rate (Balance sheet rate)
Three months ended June30, 2011	INR44.56 per USD	INR 44.59 per USD
Year ended March 31, 2012	INR47.715 per USD	INR 50.89 per USD
	RMB 6.29 per USD	RMB 6.30 per USD
Three months ended June 30, 2012	INR 53.23 per USD	INR 55.57 per USD
	RMB 6.31 per USD	RMB 6.31 per USD

Estimated Useful Lives [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

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NOTE 1 - OVERVIEW (Detail)	3 Months Ended
	Jun. 30, 2012
Business Acquisition, Description of Acquired Entity	acquisition of interests in two companies in India
Memorandum of Settlement	Company gave up the 22% minority interest in Sricon in exchange for approximately 5 acres of land in Nagpur.

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NOTE 10 - RELATED PARTY TRANSACTIONS (Detail) (USD $)			3 Months Ended
	Jun. 30, 2012	Mar. 31, 2012	Jun. 30, 2012 Global network, LLC [Member]
Related Party Transaction, Amounts of Transaction			$ 4,000
Accounts Payable, Related Parties, Current			12,000
Due to Related Parties, Current	$ 306,558	$ 310,681

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CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2012	Mar. 31, 2012
Current assets:
Cash and cash equivalents	$ 719,437	$ 562,948
Accounts receivable, net of allowances	1,451,433	1,641,868
Inventories	429,706	387,481
Dues from related parties	0	0
Advance taxes	41,452	41,452
Prepaid expenses and other current assets	2,572,255	2,586,514
Total current assets	5,214,283	5,220,263
Goodwill	938,568	965,738
Intangible Assets	3,836,334	3,838,090
Property, plant and equipment, net	8,370,154	8,491,796
Investments in affiliates	5,109,058	5,109,058
Investments-others	352,379	637,620
Deferred Income taxes	0	(14,076)
Restricted cash	11,697	12,773
Other non-current assets	994,015	998,816
Total assets	24,826,488	25,260,078
Current liabilities:
Short-term borrowings	200,761	210,010
Trade payables	316,480	337,145
Accrued expenses	1,176,442	916,710
Notes payable	1,800,000	1,800,000
Dues to related parties	306,558	310,681
Deferred tax liabilities	135,980	135,980
Loans – others	222,389	222,389
Other current liabilities	585,925	563,105
Total current liabilities	4,744,535	4,496,020
Deferred Income taxes	713,897	713,897
Other non-current liabilities	3,982,505	4,233,978
Total liabilities	9,440,937	9,443,895
Stockholders' equity:
Common stock — $.0001 par value; 150,000,000 shares authorized; 60,061,737 issued and outstanding as of June 30, 2012 and 60,061,737 issued and outstanding as of March 31, 2012	6,007	6,007
Additional paid-in capital	54,821,952	54,821,952
Accumulated other comprehensive income	(2,395,437)	(2,542,453)
Retained earnings (Deficit)	(37,973,148)	(37,444,832)
Total equity attributable to Parent	14,459,374	14,840,674
Non-controlling interest	926,177	975,509
Total stockholders' equity	15,385,551	15,816,183
Total liabilities and stockholders' equity	$ 24,826,488	$ 25,260,078

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NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS (Detail) - Schedule of Prepaid Expenses and Other Current Assets (USD $)	Jun. 30, 2012	Mar. 31, 2012
Prepaid / Preliminary expenses	$ 2,935	$ 82,120
Advance to suppliers & services	620,552	620,148
Security & other advances	87,945	125,503
Advances to employees	1,649,195	1,561,123
Prepaid / accrued interest	25,188	717
Deposit and other current assets	186,440	196,903
Total	$ 2,572,255	$ 2,586,514

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CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY (unaudited) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]	Total
Balance at Mar. 31, 2011	$ 1,490	$ 38,860,319	$ (29,692,907)	$ (2,502,596)	$ 626,553	$ 7,292,859
Balance, shares (in Shares) at Mar. 31, 2011	14,890,181
Issuance of common stock	4,030	3,544,437				3,548,467
Issuance of common stock, shares (in Shares)	40,302,966
Reversal of recession rights	487	3,081,895				3,082,382
Reversal of recession rights (in Shares)	4,868,590
Stock option issue cost		9,335,301				9,335,301
Net income / (loss)			(7,751,925)			(7,751,925)
Net Income for non-controlling interest					(139,365)	(139,365)
Loss on Translation				(39,857)	(72,993)	(112,850)
NCI on acquisition of Ironman					561,314	561,314
Balance at Mar. 31, 2012	6,007	54,821,952	(37,444,832)	(2,542,453)	975,509	15,816,183
Balance, shares (in Shares) at Mar. 31, 2012	60,061,737					60,061,737
Net income / (loss)			(528,316)			(528,316)
Net Income for non-controlling interest					(12,438)	(12,438)
Loss on Translation				147,016	(36,894)	110,122
Balance at Jun. 30, 2012	$ 6,007	$ 54,821,952	$ (37,973,148)	$ (2,395,437)	$ 926,177	$ 15,385,551
Balance, shares (in Shares) at Jun. 30, 2012	60,061,737					60,061,737

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NOTE 15 - INCOME TAXES (Detail) (USD $)	3 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Effective Income Tax Rate, Continuing Operations	6.00%
Income Tax Expense (Benefit) (in Dollars)	$ (31,710)	$ 0

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NOTE 6 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Tables)

3 Months Ended

Jun. 30, 2012

Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]

Other current liabilities consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Statutory payables	$	4,696	$	11,951
Employees related liabilities		80,079		112,709
Other liabilities		501,150		438,445
Total	$	585,925	$	563,105

Schedule Of Other Noncurrent Liabilities [TableTextBlock]

Other non-current liabilities consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Creditors aged more than 1 year	$	390,471	$	643,495
Provision for expenses		3,592,034		3,590,483
Total	$	3,982,505	$	4,233,978

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NOTE 15 - INCOME TAXES

3 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Text Block]

NOTE 15 - INCOME TAXES

The Company adopted ASC 740, Accounting for Uncertainty in Income Taxes. In assessing the recoverability of its deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of the deferred tax assets is dependent on the generation of future taxable income during the periods in which those temporary differences become deductible. The management considers historical and projected future taxable income, and tax planning strategies in making this assessment.

The Company’s effective tax rate was 6% for the quarter ending June 30, 2012. Since the Company continued to sustain substantial losses during the current quarter ending June 30, 2012, no valuation allowance was released for the current period. Our assessment concludes that it is more likely that some portion or all of the deferred tax assets will not be realized based on current and historical operating results.

The Company recorded an income tax benefit of $31,710 resulting from operational results of its foreign entities for the three month period ending June 30, 2012.

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NOTE 8 - GOODWILL (Tables)

3 Months Ended

Jun. 30, 2012

Schedule of Goodwill [Table Text Block]

The movement in goodwill balance is given below:

	Period ended June 30, 2012			Year ended March 31, 2012
Balance at the beginning of the period	$	965,738		$	410,454
Acquisition related goodwill		-			643,117
Impairment loss		-			-
Effect of foreign exchange translation		(27,170	)		(87,833	)
Total	$	938,568		$	965,738

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NOTE 17 - INVESTMENTS-OTHERS

3 Months Ended

Jun. 30, 2012

Cost and Equity Method Investments Disclosure [Text Block]

NOTE 17 – INVESTMENTS – OTHERS

Investments – others for each of the periods ended June 30, 2012 and March 31, 2012 consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Investment in equity shares of an unlisted company	$	53,986	$	58,950
Investment in partnership		298,393		578,670
Investment in iron ore		-		-
Total	$	352,379	$	637,620

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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	3 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from operating activities:
Net income (loss)	$ (540,754)	$ (870,954)
Adjustment to reconcile net income (loss) to net cash:
Non-cash compensation expense	0	235,267
Deferred taxes	(3,538)	0
Depreciation	83,594	51,244
Non-cash financial expense (including amortization of debt discount)	0	307,514
Share in profits of joint venture	0	(36,219)
Unrealized exchange losses/(gains)	346,577	(24,163)
Changes in:
Accounts receivable	54,454	380,930
Inventories	(48,128)	(49,206)
Prepaid expenses and other assets	(47,530)	(683,382)
Trade payables	75,216	(601,646)
Other current liabilities	10,118	900,849
Other non – current liabilities	(207,571)	(418,218)
Non-current assets	(82,804)	459,280
Accrued Expenses	279,862	(76,635)
Net cash used in operating activities	(80,504)	(425,339)
Cash flow from investing activities:
Purchase of short term investment	244,223	(3,235)
Purchase of property and equipment	0	0
Proceeds from sale of property and equipment	4,277	0
Deposit towards acquisitions, net of cash acquired	0	0
Restricted cash	0	23,426
Net cash provided/(used) by investing activities	248,500	20,191
Cash flows from financing activities:
Net movement in other short-term borrowings	8,808	0
Proceeds from loans	0	0
Issuance of equity shares	0	0
Net cash provided/(used) by financing activities	8,808	0
Effects of exchange rate changes on cash and cash equivalents	(20,315)	(684)
Net increase/(decrease) in cash and cash equivalents	156,489	(405,832)
Cash and cash equivalent at the beginning of the period	562,948	1,583,284
Cash and cash equivalent at the end of the period	$ 719,437	$ 1,177,452

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CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Jun. 30, 2012	Mar. 31, 2012
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	150,000,000	150,000,000
Common stocks shares issued	60,061,737	60,061,737
Common stock, shares outstanding	60,061,737	60,061,737

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NOTE 10 - RELATED PARTY TRANSACTIONS

3 Months Ended

Jun. 30, 2012

Related Party Transactions Disclosure [Text Block]

NOTE 10 - RELATED PARTY TRANSACTIONS

The Company had agreed to pay Integrated Global Network, LLC (“IGN, LLC”), an affiliate of our Chief Executive Officer, Mr. Mukunda, an administrative fee of $4,000 per month for office space and general and administrative services.  For the three months ended June 30, 2012, a total of $12,000 was accrued as payable to IGN LLC.

When IGC acquired Ironman, the subsidiary company had a related party balance towards its Chairman.  As of June 30, 2012, the amount due to the Chairman was $306,558.

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Document And Entity Information	3 Months Ended
	Jun. 30, 2012	Jul. 26, 2012
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		60,061,737
Amendment Flag	false
Entity Central Index Key	0001326205
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2012
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1

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NOTE 11 - COMMITMENTS AND CONTINGENCY

3 Months Ended

Jun. 30, 2012

Commitments and Contingencies Disclosure [Text Block]

NOTE 11 -COMMITMENTS AND CONTINGENCY

No significant commitments and contingencies were made or incurred during the three months ended June 30, 2012.

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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)	3 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Revenues	$ 1,267,680	$ 1,060,247
Cost of revenues (excluding depreciation)	(937,444)	(974,309)
Selling, general and administrative expenses	(440,775)	(733,141)
Depreciation	(83,594)	(51,244)
Operating income (loss)	(194,133)	(698,447)
Interest expense	(10,557)	(300,768)
Interest income	837	67,348
Impairment loss	0	0
Equity in (gain)/loss of joint venture	0	36,219
Other income, net	(368,611)	24,694
Income before income taxes and minority interest attributable to non-controlling interest	(572,464)	(870,954)
Income taxes benefit/ (expense)	31,710	0
Net income/(loss)	(540,754)	(870,954)
Non-controlling interests in earnings of subsidiaries	12,438	1,751
Net income / (loss) attributable to common stockholders	$ (528,316)	$ (869,203)
Earnings/(loss) per share attributable to common stockholders:
Basic (in Dollars per share)	$ (0.01)	$ (0.04)
Diluted (in Dollars per share)	$ (0.01)	$ (0.04)
Weighted-average number of shares used in computing earnings per share amounts:
Basic (in Shares)	39,059,336	20,359,602
Diluted (in Shares)	39,059,336	20,359,602

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NOTE 5 - SHORT-TERM BORROWINGS

3 Months Ended

Jun. 30, 2012

Short-term Debt [Text Block]

NOTE 5 – SHORT-TERM BORROWINGS

There is no current portion of long-term debt that is classified as short-term borrowings. Short term borrowings consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Secured	$	200,761	$	210,010
Unsecured		-		-
Total	$	200,761	$	210,010

The above debt is secured by hypothecation of materials, stock of spares, work in progress, receivables and property and equipment, in addition to a personal guarantee of three India-based directors, and collaterally secured by mortgage of the relevant subsidiary’s land and other fixed properties of directors and their relatives.

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NOTE 4 - ACCOUNTS RECEIVABLES

3 Months Ended

Jun. 30, 2012

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 4 – ACCOUNTS RECEIVABLES

The accounts receivable, net of allowances, amounted to $1,451,433 and $1,641,868, as of June 30, 2012 and March 31, 2012, respectively.  The Company maintains an allowance for doubtful accounts based on present and prospective financial condition of the customer and the inherent credit risk.  Accounts receivable are not collateralized.

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NOTE 16 - SEGMENT INFORMATION

3 Months Ended

Jun. 30, 2012

Segment Reporting Disclosure [Text Block]

NOTE 16 - SEGMENT INFORMATION

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

As of now, the reports that are available to the CEO do not contain account information for the separate entities in India and China used for the purposes of consolidation.  After the Acquisition of Ironman, the Company is in the process of revising its CODM reports to capture details relating to the Acquisition separately.  Accordingly, the Company expects to review and ultimately revise the segments that would be reported in its future reports.

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NOTE 12 - PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Jun. 30, 2012

Property, Plant and Equipment Disclosure [Text Block]

NOTE 12 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

Category	Useful Life (years)		Period ended June 30, 2012			Year ended March 31, 2012
Land		N/A	$	121,591		$	11,226
Building (Flat)		25		321,601			309,585
Plant and Machinery		20		9,168,096			9,371,150
Computer Equipment		3		217,509			219,110
Office Equipment		5		201,538			228,794
Furniture and Fixtures		5		87,635			88,804
Vehicles		5		461,710			474,622
Assets under construction		N/A		3,793,230			3,918,729
Total			$	14,372,911		$	14,622,020
Less: Accumulated Depreciation			$	(6,002,757	)	$	(6,130,224	)
Net Assets			$	8,370,154		$	8,491,796

Depreciation and amortization expense for the three months ended June 30, 2012 and June 30, 2011 was $83,594 and $51,244 respectively.  Capital work-in-progress represents advances paid towards the acquisition of property and equipment and the cost of property and equipment not put to use before the balance sheet date.

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NOTE 8 - GOODWILL

3 Months Ended

Jun. 30, 2012

Goodwill Disclosure [Text Block]

NOTE 8 – GOODWILL

The movement in goodwill balance is given below.

	Period ended June 30, 2012			Year ended March 31, 2012
Balance at the beginning of the period	$	965,738		$	410,454
Acquisition related goodwill		-			643,117
Impairment loss		-			-
Effect of foreign exchange translation		(27,170	)		(87,833	)
Total	$	938,568		$	965,738

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NOTE 17 - INVESTMENTS-OTHERS (Detail) - Schedule of Investments (USD $)	Jun. 30, 2012	Mar. 31, 2012
Investment in equity shares of an unlisted company	$ 53,986	$ 58,950
Investment in partnership	298,393	578,670
Total	$ 352,379	$ 637,620

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NOTE 6 - OTHER CURRENT AND NON-CURRENT LIABILITIES

3 Months Ended

Jun. 30, 2012

Other Liabilities Disclosure [Text Block]

NOTE 6 – OTHER CURRENT AND NON-CURRENT LIABILITIES

Other current liabilities consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Statutory payables	$	4,696	$	11,951
Employees related liabilities		80,079		112,709
Other liabilities		501,150		438,445
Total	$	585,925	$	563,105

Other non-current liabilities consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Creditors aged more than 1 year	$	390,471	$	643,495
Provision for expenses		3,592,034		3,590,483
Total	$	3,982,505	$	4,233,978

Sundry creditors consist primarily of creditors to whom amounts are due for supplies and materials received in the normal course of business.

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NOTE 7 - FAIR VALUE OF FINANCIAL INSTRUMENTS

3 Months Ended

Jun. 30, 2012

Fair Value Disclosures [Text Block]

NOTE 7 – FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair value of the Company’s current assets and current liabilities approximate their carrying value because of their short-term nature.  Such financial instruments are classified as current and are expected to be liquidated within the next twelve months.

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NOTE 9 - NOTES PAYABLE

3 Months Ended

Jun. 30, 2012

Debt Disclosure [Text Block]

NOTE 9 – NOTES PAYABLE

In March 2011, the Company finalized an agreement with Bricoleur Partners, L.P. (“Bricoleur”) to exchange the promissory note issued to Bricoleur on October 16, 2009 (the “Bricoleur Note”) for a new promissory note with a later maturity date.

The Bricoleur Note was due on June 30, 2011 with no prior payments due and did not bear interest.  The Company issued additional 688,500 shares of its common stock to Bricoleur on February 25, 2011 in connection with the extension of the term regarding the Bricoleur note.  Currently, the Company is negotiating a further restructuring of the Bricoleur note.

As reported on a Current Report on Form 8-K filed by the Company on April 6, 2012, the Company retired a note in the amount of $2,232,627.79 on April 5, 2012.  The Company paid off the loan to the Steven M. Oliveira 1998 Charitable Remainder Unitrust (‘Oliveira’) with 4,426,304 shares of newly issued Common Stock.  The note holder has articulated that he is entitled to 5,000,000 shares, which claim we oppose vigorously.  There has been no legal action filed in connection with this claim

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NOTE 22 - SUBSEQUENT EVENTS (Detail)	Aug. 01, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011
Common Stock, Shares Authorized	150,000,000	150,000,000	150,000,000	75,000,000

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NOTE 21 - ACCOUNTS RECEIVABLES (Detail) In Millions, unless otherwise specified	Jun. 30, 2012 USD ($)	Jun. 30, 2012 INR
Other Receivables, Gross, Current	$ 2.5	140.0
Other Receivables, Net, Current	$ 1.35

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NOTE 5 - SHORT-TERM BORROWINGS (Tables)

3 Months Ended

Jun. 30, 2012

Schedule of Short-term Debt [Table Text Block]

There is no current portion of long-term debt that is classified as short-term borrowings. Short-term borrowings consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Secured	$	200,761	$	210,010
Unsecured		-		-
Total	$	200,761	$	210,010

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NOTE 8 - GOODWILL (Detail) - Schedule of Goodwill (USD $)	3 Months Ended	12 Months Ended
	Jun. 30, 2012	Mar. 31, 2012
Balance	$ 965,738	$ 410,454
Acquisition related goodwill		643,117
Effect of foreign exchange translation	(27,170)	(87,833)
Balance	$ 938,568	$ 965,738

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NOTE 14 - COMMON STOCK

3 Months Ended

Jun. 30, 2012

Stockholders' Equity Note Disclosure [Text Block]

NOTE 14 – COMMON STOCK

The Company has three securities listed on the NYSE MKT (NYSE Amex): (1) Common Stock, $.0001 par value (ticker symbol: IGC) (“Common Stock”), (2) redeemable warrants to purchase Common Stock (ticker symbol: IGC.WT), and (3) units consisting of one share of Common Stock and two redeemable warrants to purchase Common Stock (ticker symbol: IGC.U).  The units may be separated into Common Stock and warrants.  Each warrant entitles the holder to purchase one share of Common Stock at an exercise price of $5.00.  The warrants issued in our initial public offering that were to expire on March 3, 2011, are now to expire on March 8, 2013 since the Company exercised its right to extend the terms of those warrants.   

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.

During the twelve months ended March 31, 2011, the Company also issued 30,000 shares of Common Stock to American Capital Ventures and Maplehurst Investment Group for services rendered and 9,135 shares to Red Chip Companies valued at $8,039 for investor relations related services rendered.

The Company also issued a total of 400,000 shares of Common Stock, as consideration for the extension of the loans under the promissory notes described in Notes Payable during the twelve months ended March 31, 2011.

In February 2011, the Company consummated another transaction with Bricoleur to exchange the promissory note held by Bricoleur for a new note with an extended repayment term.  The Company issued 688,500 shares of Common Stock valued at approximately $419,985 as consideration for the exchange, as discussed in corresponding note.

In March 2011, the Company and Oliveira agreed to exchange the promissory note held by Oliveira for a new note with an extended repayment term and provisions permitting the Company at its discretion to repay the loan through the issuance of equity shares at a stated value over a specific term.  As of December 31, 2011, the Company has issued 1,570,001 shares of Common Stock valued at $798,176 to this debt holder, which constituted an element of repayment of principal as well as the interest in equated installments.

On December 31, 2011, the Company finalized the purchase of HK 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 HK Ironman, the Company’s shareholders approved the issuance of 31,500,000 equity shares to the owners of HK Ironman in exchange for 100% of the equity of HK Ironman; these shares have been considered as outstanding as of this date.  The acquisition of HK Ironman and the offering of the Common Stock pursuant thereto 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.  No underwriting discounts or commissions were paid with respect to such sale.  These securities were subsequently registered in a Form S-1 on March 5, 2012, which was declared effective on May 25, 2012.

Further, as of June 30, 2012, the Company had issued 2,783,450 stock options to some of its directors and employees pursuant to a stock option plan all of which are outstanding as of June 30, 2012; earmarked 3,150,000 retention shares of IGC Common Stock for key management of IGC and PRC Ironman in order to retain the individuals with the Company for at least a year following the acquisition; issued 4,426,304 shares as a settlement against the Oliveira loan payable; and issued 25,000 shares of Common Stock to Atlanta Capital Partners valued at approximately $6,250 for investor relations related services rendered.  As of June 30, 2012, IGC has 60,061,737 shares of Common Stock issued and outstanding.

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NOTE 19 - IMPAIRMENT

3 Months Ended

Jun. 30, 2012

Restructuring, Impairment, and Other Activities Disclosure [Text Block]

NOTE 19 - IMPAIRMENT

For the year ended March 31, 2012, the Company conducted an impairment test on its 22% investment in Sricon.  Effective October 1, 2009, the Company diluted its investment in Sricon from 63% to 22%.  Post dilution, the Company continued to account for the investment in Sricon based on the equity method of accounting. However, the Company entered into a management dispute with Sricon after the Company was not able to obtain the financial statements of Sricon after March 31, 2010.  The Company conducted the impairment test based on the information available with it and the recoverable value of assets that it could ascertain.  Based on a revaluation of the assets including the real estate owned by Sricon, the Company determined that a further impairment loss amounting to $1.2 million relating to the investment in Sricon was required.  The carrying value of the investment in Sricon was accordingly $5.1 million as of March 31, 2012.  The carrying value as of March 31, 2012 approximated the recoverable assessed value as determined as on that date.  There have been no further indicators for impairment in the current quarter and accordingly, the Company has not conducted an impairment test for the three months ended June 30, 2012.

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NOTE 6 - OTHER CURRENT AND NON-CURRENT LIABILITIES (Detail) - Schedule of Other Current Liabilities (USD $)	Jun. 30, 2012	Mar. 31, 2012
Statutory payables	$ 4,696	$ 11,951
Employees related liabilities	80,079	112,709
Other liabilities	501,150	438,445
Total	$ 585,925	$ 563,105

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NOTE 1 - OVERVIEW (Detail) - Schedule of Subsidiaries	3 Months Ended	12 Months Ended
	Jun. 30, 2012	Mar. 31, 2012
IGC - Mauritius (IGC-M) [Member]
Immediate Holding Company	IGC
Country of Incorportaion	Mauritius
Percent of Holding	100.00%	100.00%
IGC India Mining and Trading Private Limited ("IGC-IMT") [Member]
Immediate Holding Company	IGC-M
Country of Incorportaion	India
Percent of Holding	100.00%	100.00%
IGC Logistic Private Limited ("IGC-LPL") [Member]
Immediate Holding Company	IGC-M
Country of Incorportaion	India
Percent of Holding	100.00%	100.00%
IGC Materials Private Limited ("IGC-MPL") [Member]
Immediate Holding Company	IGC-M
Country of Incorportaion	India
Percent of Holding	100.00%	100.00%
H&F Ironman Limited ("HK Ironman") [Member]
Immediate Holding Company	IGC
Country of Incorportaion	Hong Kong
Percent of Holding	100.00%	100.00%
Linxi H&F Economic and Trade Co. ("PRC Ironman") [Member]
Immediate Holding Company	HK Ironman
Country of Incorportaion	Peoples' Republic of China
Percent of Holding	95.00%	95.00%
Techni Bharathi Limited ("TBL") [Member]
Immediate Holding Company	IGC-M
Country of Incorportaion	India
Percent of Holding	77.00%	77.00%

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) (USD $)	3 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Parent [Member]
Net income / (loss)	$ (528,315)	$ (869,203)
Foreign currency translation adjustments	147,016	10,693
Comprehensive income (loss)	(381,299)	(858,510)
Noncontrolling Interest [Member]
Net income / (loss)	(12,438)	(1,751)
Foreign currency translation adjustments	(36,894)	(707)
Comprehensive income (loss)	(49,332)	(2,458)
Comprehensive Income [Member]
Net income / (loss)	(540,753)	(870,954)
Foreign currency translation adjustments	110,122	9,986
Comprehensive income (loss)	$ (430,631)	$ (860,968)

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NOTE 3 - OTHER CURRENT AND NON-CURRENT ASSETS

3 Months Ended

Jun. 30, 2012

Other Assets Disclosure [Text Block]

NOTE 3 – OTHER CURRENT AND NON-CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Prepaid / Preliminary expenses	$	2,935	$	82,120
Advance to suppliers & services		620,552		620,148
Security & other advances		87,945		125,503
Advances to employees		1,649,195		1,561,123
Prepaid / accrued interest		25,188		717
Deposit  and other current assets		186,440		196,903
Total	$	2,572,255	$	2,586,514

Advances to employees represent the following:  In December 31, 2011 IGC acquired Ironman. These advances were made by Ironman to some of its employees prior to being acquired by IGC. These advances were inherited from Ironman by IGC.  IGC expects to collect these amounts over due course.

Other non-current assets consist of the following:

	Period ended June 30, 2012		Year ended March 31, 2012
Sr. debtors - pending more than 1 year	$	516,443	$	557,758
Land usage rights		-		-
Advance pending more than 1 year		477,572		441,058
Total	$	994,015	$	998,816

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NOTE 14 - COMMON STOCK (Detail) (USD $)	3 Months Ended	12 Months Ended
	Jun. 30, 2012	Mar. 31, 2011	Mar. 31, 2012
Number of Securities Listed	3
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item)	5.00
Investment Warrants Expiration Date	Mar. 08, 2013
Warrant Redemption 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.
Stock Issued During Period, Value, Issued for Services (in Dollars)		$ 8,039
Stock Issued During the Period, Penalties on Notes Payble		400,000
Retention Shares Earmarked for Key Management of IGC	3,150,000
Stock Issued During Period in Lieu of Cash for Liability	4,426,304
Common Stock, Shares, Issued	60,061,737		60,061,737
Common Stock, Shares, Outstanding	60,061,737		60,061,737
Ticker Symbol: IGC [Member]
Listed Securities Description	Common Stock, $.0001 par value (ticker symbol: IGC) ("Common Stock")
Ticker Symbol: IGC.WT [Member]
Listed Securities Description	redeemable warrants to purchase Common Stock (ticker symbol: IGC.WT)
Ticker Symbol: IGC.U [Member]
Listed Securities Description	units consisting of one share of Common Stock and two redeemable warrants to purchase Common Stock (ticker symbol: IGC.U)
American Capital Venture and Maplehurst Investment Group [Member]
Stock Issued During Period, Shares, Issued for Services		30,000
Red Chip Companies [Member]
Stock Issued During Period, Shares, Issued for Services		9,135
Bricoleur Note Payable [Member]
Stock issued during the period, shares, consideration for note payable		688,500
Stock issued during period, value, consideration for note payable (in Dollars)		419,985
Oliveira Note Payable [Member]
Stock issued for payment of debt		1,570,001
Stock issued for payment of debt, value (in Dollars)		798,176
H&F Ironman Limited ("HK Ironman") [Member]
Stock Issued During Period, Shares, Acquisitions	31,500,000
Atlanta Capital Partners [Member]
Stock Issued During Period, Shares, Issued for Services	25,000
Stock Issued During Period, Value, Issued for Services (in Dollars)	$ 6,250

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NOTE 20 - RECONCILIATION OF EPS

3 Months Ended

Jun. 30, 2012

Earnings Per Share [Text Block]

NOTE 20 – RECONCILIATION OF EPS

For the three months ended June 30, 2012 and 2011, 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 employees, directors and vendors, and shares issued in connection to the acquisition of Ironman: (i) to HK Ironman shareholders (the “Exchange Shares”) and (ii) to Ironman and IGC employees (the “Compensation Shares”).  The fully diluted shares include the basic shares plus warrants issued as part of the units sold in the private placement and IPO, warrants sold as part of the units sold in the registered direct, and employee options.  The historical weighted average per share for our shares through June 30, 2012, was applied using the treasury method of calculating the fully diluted shares.  The weighted average number of shares outstanding as of June 30, 2012 used for the computation of basic EPS is 39,059,336. Due to the loss incurred during the year ended June 30, 2012, all of the potential equity shares are anti-dilutive and accordingly, the diluted EPS is equal to the basic EPS.

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NOTE 13 - STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2012

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of stock option awards is estimated on the date of grant using a Black-Scholes Pricing Model with the following assumptions for options awarded as of December 31, 2011:

	Granted in 2009	Granted in June 2011 Quarter
Expected life of options	5 years	5 years
Vested options	100%	100%
Risk free interest rate	1.98%	4.10%
Expected volatility	35.35%	83.37%
Expected dividend yield	Nil	Nil

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NOTE 13 - STOCK-BASED COMPENSATION

3 Months Ended

Jun. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 13 – STOCK-BASED COMPENSATION

On April 1, 2009 the Company adopted ASC 718, “Compensation-Stock Compensation” (previously referred to as SFAS No. 123 (revised 2004), Share Based Payment).  ASC 718 requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. As of June 30, 2012, the Company granted 78,820 shares of common stock and a total of 2,783,450 stock options (1,413,000 granted in 2009 and 1,370,450 stock options granted during the three months ended June 30, 2011, the “2012 Options”) to its directors and employees.  All of the options vested fully on the date of the grant.  The exercise price of each of the options is $1.00 and $0.56 per share, respectively, and each of the options will expire on May 13, 2014 and June 27, 2016, respectively.  The aggregate fair value of the underlying stock on the grant date was $39,410 and the fair value of the stock options on the grant dates was $90,997 and $235,267, respectively. As of June 30, 2012, under the 2008 Omnibus Plan, 2,783,450 stock options and 78,820 shares of common stock have been awarded and an aggregate of 6,161,475 shares of Common Stock remain available for future grants of options or stock awards.

The fair value of stock option awards is estimated on the date of grant using a Black-Scholes Pricing Model with the following assumptions for options awarded as of June 30, 2012:

	Granted in 2009	Granted in June 2011 Quarter
Expected life of options	5 years	5 years
Vested options	100%	100%
Risk free interest rate	1.98%	4.10%
Expected volatility	35.35%	83.37%
Expected dividend yield	Nil	Nil

The volatility estimate was derived using historical data for the IGC stock.