Exhibit 21.1

The table below lists our subsidiaries. 

Subsidiaries	Immediate holding company	Jurisdiction of Incorporation	Percentage of holding as of March 31, 2020		Percentage of holding as of March 31, 2019
IGC – Mauritius (IGC-M) (2)	IGC	Mauritius		100		100
IGCare, LLC	IGC	Maryland, USA		100		100
IGC Pharma, LLC	IGC	Maryland, USA		100		100
Holi Hemp, LLC	IGC	Maryland, USA		100		100
Sunday Seltzer, LLC	IGC	Maryland, USA		100		0
SAN Holdings, LLC	IGC	Maryland, USA		100		0
Hamsa Biochem SAS (1)	IGC	Colombia		100		0
Techni Bharathi Private Limited (TBL)	IGC	India		100		100
India Mining and Trading Private Limited (IGC-IMT) (2)	IGC-M	India		100		100
IGC Materials Private Limited (IGC-MPL) (2)	IGC-M	India		100		100
IGC Logistic Private Limited (IGC-LPL) (2)	IGC-M	India		100		100
IGC Enterprises Limited (IGC-ENT) (3)	TBL	Hong Kong		100		100

(1) Beneficially owned by IGC

(2) IGC-M, IGC-IMT, IGC-LPL, IGC-MPL are non-operating subsidiaries that we are in the process of closing and did not have a material impact on the balance sheet or statement of operations. 

(3) Beneficially owned by Techni Bharathi Private Limited (TBL)