EX-21.1 3 ex21-1.htm EX-21.1
Exhibit 21.1
List of Subsidiaries

Subsidiaries |  | Immediate holding company |  | Country of Incorporation |  | Percentage of holding as of March 31, 2014 |  |  | Percentage of holding as of March 31, 2013 |
H&F Ironman Limited (“HK Ironman”) (1) |  | IGC |  | Hong Kong |  |  | 100 |  |  |  | 100 |
Linxi H&F Economic and Trade Co. ("PRC Ironman") (3) |  | HK Ironman |  | Peoples’ Republic of China |  |  | 95 |  |  |  | 95 |
IGC – Mauritius ("IGC-M") (1) |  | IGC |  | Mauritius |  |  | 100 |  |  |  | 100 |
Techni Bharathi Private Limited (“TBL”) (2) |  | IGC-M |  | India |  |  | 100 |  |  |  | 100 |
India Mining and Trading Private Limited ("IGC-IMT") (2) |  | IGC-M |  | India |  |  | 100 |  |  |  | 100 |
IGC Materials Private Limited ("IGC-MPL") |  | IGC-M |  | India |  |  | 100 |  |  |  | 100 |
IGC Logistic Private Limited ("IGC-LPL") (2) |  | IGC-M |  | India |  |  | 100 |  |  |  | 100 |
IGC HK Mining and Trading Limited (“IGC-HK”) (2) |  | IGC-M |  | Hong Kong |  |  | 100 |  |  |  | 100 |

(1) Wholly-owned by India Globalization Capital, Inc.
(2) Wholly-owned by India Globalization Capital, Mauritius, Limited.
(3) 95% owned by HK Ironman, which is India Globalization Capital, Inc.’s wholly-owned subsidiary.