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Borrowings (Tables)
 12 Months Ended
Mar. 31, 2023
Schedule of borrowings by type and classification

 

      March 31, 
   Term  2022   2023 
Current           
Secured           
Vehicle loan  Less than 1 year   2,977    4,601 
Non Convertible Debentures  2-2.5 years#   -    417,178 
Factoring  Less than 1 year   351,399    1,089,699 
Unsecured             
Unsecured loan from MAK Capital Fund, LP#  1 Year   -    821,900 
              
Total      354,376    2,333,378 
              
Non-Current             
Vehicle loan  More than 1 year   4,204    19,274 
              
Total      4,204    19,274 

 

#Breach in Covenants- Refer to Note 40

 

              Carrying amount 
   Currency   Interest Rate  Year of Maturity   March 31, 
              2022   2023 
Non Convertible Debentures   INR   14% to 14.25%   2024-2025    -    417,178 
Vehicle loan   INR   7.25% to 11.25%   2025-2028    7,181    23,875 
Factoring   INR   Floating rate*   On demand    351,399    1,089,699 
Unsecured loan from MAK Capital Fund, LP   USD   11.0%   2023    -    821,900 
                 358,580    2,352,652 

 

*3M MCLR + 0.20% to 1.35% spread