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Document And Entity Information (USD $) | 12 Months Ended |  |
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Mar. 31, 2013 | Jun. 25, 2013 | Sep. 30, 2012
Document and Entity Information [Abstract] |  |  |
Entity Registrant Name | India Globalization Capital, Inc. |  |
Document Type | 10-K |  |
Current Fiscal Year End Date | --03-31 |  |
Entity Common Stock, Shares Outstanding |  | 6,980,098 |
Entity Public Float |  |  | $ 10,304,952
Amendment Flag | true |  |
Amendment Description | This Amendment No. 1 on Form 10-K/A (the "Amendment") amends the Form 10-K of India Globalization Capital, Inc. (the "Company") for the fiscal year ended March 31, 2013, as filed with the Securities and Exchange Commission on July 14, 2013 (the "Original Filing"). This Amendment is being filedto supplement the following sections of the Form 10-K for the purpose of providing additional disclosure in response to comments received from the Staff of the SEC in connection with a review of our Form 10-K:General To comply with the guidance provided by Industry Guide 7 we revised our disclosures and: (a)deleted references to "reserves,""estimated reserves"and those estimated values associated with mineral reserves;(b)changed all references to"production" and "mining" to "beneficiation;" (c) made specific reference to "iron ore" as opposed to simply "ore;" (d) clarified and specifically disclosed that currently we do not have exploration activities or exploration plans. Overview, Background and Effects of Restatement In this amendment to the Annual Report on Form 10-K, India Globalization Capital, Inc. has made the following changes a) For fiscal year ended March 31, 2012: 1. Restated its consolidated balance sheets and consolidated statement of cash flows; 2. Improved the disclosures on the notes to consolidated financial statements. b) For fiscal year ended March 31, 2013: 1. Restated its consolidated balance sheets and consolidated statement of cash flows; 2. Amended its management discussion and analysis as it relates to the year ended March 31, 2013. 3. Improved the disclosures on the notes to consolidated financial statements. The restatements reflect adjustments to correct errors identified by the SEC through its original and follow up comment letters dated January 28, 2014, April 2, 2014 and May 27, 2014. The restatement adjustments reflect a reclassification in the consolidated balance sheets and consolidated statement of cash flows. The changes described above are non-cash items and do not impact the Company's operations. Reclassification in the Company's Consolidated Balance Sheets The goodwill and intangible assets for both fiscal years ended March 31, 2012 and 2013 were disclosed as combined amounts under a single line item. The mentioned consolidated balance sheets have now been restated to disclose goodwill and intangible assets as separate line items. Reclassification in the Company's Consolidated Statement of Cash Flows For fiscal year ended March 31, 2012, the cash paid for interest under the supplementary information as well as the common stock issued for exchange of notes payable were mistakenly reported as NIL. Also, the line called "common stock issued for exchange of notes payable" did not accurately described the amounts shown. This line has been edited to read "Common stock issued for to pay interest and penalty/exchange of Notes Payable." These two line items are now been reported as $239,451 cash paid for interest and $2,543,775 for common stock issued to pay interest and penalty/exchange of Notes Payable. For fiscal year ended March 31, 2013, the non-cash interest expense, under cash flows from operating activities, and the cash paid for interest, under the supplementary information, were mistakenly reported as $114,654 and NIL, respectively. These two line items are now been reported as $501,300 non-cash interest expense and $32,582 cash paid for interest. Also, the change to the amount disclosed under non-cash interest expense caused the following adjustments: i) net cash used in operating activities from $178,199 to $564,845; ii) Proceeds from loans from $610,951 to $224,305; iii) Net cash provided/(used) by financing activities from $414,337 to $27,691. Improvement to the disclosures on the notes to consolidated financial statements The improvements to the disclosures reflect comments by the SEC Staff through its original and follow up comment letters dated January 28, 2014, April 2, 2014 and May 27, 2014. Item 1A. Risk factors, page 8We added 3 risk factors related to our securities.Item 2. Properties, page 11We included a statement disclosing that we currently have no exploration plans and clarified our intention to define mineral reserves pursuant to the Industry Guide 7 definitions. We also improved our disclosure to: (i) include a table that provides a brief overview of our trading operations in China; and (ii) a table that summarizes the nature of activity, type of license required and held and encumbrances in obtaining permit for each location where the company operates through its subsidiaries. We also clarified that in China we do not own or operate iron ore mines, but own and operate iron ore beneficiation plants, and added a description of our beneficiation facilities, including the capacity and utilization, pursuant to Item 2 of Regulation S-K. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, page 13Critical Accounting Policies and Estimates, page 16We removed item l) Accounts -Long Term from future filings as there is none to report or disclose during the periods covered by this report. We also revised the disclosure on Revenue Recognition and Accounts receivable. The heading Overview, Background and Effects of Restatement was added to explain the corrections made to the consolidated balance sheets and consolidated statements of cash flows for both fiscal year ended March 31, 2012 and 2013. Result of Operations, page 18Fiscal year ended March 31, 2013 compared to fiscal year ended March 31, 2012, page 18Revenue, page 18We revised our discussion of revenue to include revenue generated from our construction business and to provide additional analysis to explain the increase of our revenue. Cost of Revenue, page 18We revised our disclosure to describe the cost components included in our cost of revenues for the periods reported and discussed any events that caused the material change in the relationship between costs and revenue. Balance sheet explanations, page 19We revised this item and added a description of our accounts receivable and a discussion the primary drivers that are responsible for the decrease in accounts receivable since we had a material increase of revenue between years. Liquidity and Capital Resources, page 19We amended this item to state that we intend to repatriate a portion of cash and cash equivalents held by our foreign subsidiaries, andwhatwe need to do regarding permissions and taxes when the foreign balances are repatriated. Item 8. Financial Statements and Supplementary Data, page 21Report of Independent Registered Public Accounting Firm, page F-1We added the missing audit report of our previous auditor Yoganandh& Ram covering the financial statements as of and for the year ended March 31, 2012, amended to include the acknowledgment of the restatements explain in Note 4 made to the consolidated balance sheets and consolidated statements of cash flows for fiscal year ended March 31, 2012, to comply with the requirement to provide two years of audited financial statements.We also included the amended audit report of our auditor AJSH and Co. covering the financial statements as of and for the year ended March 31, 2013, which acknowledges the restatements explain in Note 4 made to the consolidated balance sheets and consolidated statements of cash flows for fiscal year ended March 31, 2013. Consolidated Balance Sheets, page F-2We revised our consolidated balance sheets and the movement in goodwill and intangible asset in Note 11 on page F-19 to present a separate line item for goodwill and a separate line for intangible assets. Consolidated Statements of Cash Flows, page F-6We added a clarification to the disclosure we presented in Note 7, to reconcile "Non-cash interest expense" for $501,300 and $491,147 for the years ended March 31, 2013 and 2012, respectively. We further improved the description of the line items $501,300 for the years ended March 31, 2013 and $2,232,628 for the year ended March 31, 2012.Note 2 - Significant Accounting Policies, page F-10e) Revenue Recognition, page F-11We revised our revenue recognition and accounts receivable policies notes to state specifically how we recognize revenue from trading iron ore and also described our collection policies for these receivables. r) Leased Mineral Rights, page F-14We revised our disclosure to this item to clarify that as of March 31, 2013 we had no lease mineral rights. Note 4 - Restatement of Previously Issued Financial StatementsWe used Note 4, which was left intentionally blank before, to explain the restatements made to the consolidated balance sheets and consolidated statements of cash flows for both fiscal years ended March 31, 2013 and 2012. Note 19 - Segment Information, page F-23We added disclosures about our products and services, geographic areas and major customers. Note 23 - Certain Aged Receivables, page F-25We revised the disclosure to (a) clarify where the "certain aged receivables" are classified in the balance sheet; (b) provide the date that TBL won the arbitration award against the Cochin International Airport (CIA) parties; (c) to explain why the balance of the aged receivables decreased from $2.03 million to $0.5 million in 2013; and to (d) state that wedid not incur a probable loss. Item 9A. Controls and ProceduresWe revised our disclosure to conclude, that despite of the detailed review of disclosure controls and procedures and internal control over financial reporting and in light of the Staff's comments, management now believes that the disclosure controls and procedures pursuant to Item 307 of Regulation S-K were not effective for fiscal 2013. Exhibits 23.1 and 23.2We added revised consents by our previous and current auditors addressing the incorporation by reference to the Form S-3 of the audit reports covering the 2012 and 2013 financial statements included in the 2013 Form 10-K. Effects of RestatementThe restated items are re-classifications that do not impact the Company's operations. Except as stated herein, this Form 10-K/A does not change our previously reported financial statements or the other financial disclosures contained in the Form 10-K. Except as stated herein, this Form 10-K/A does not reflect events occurring after the filing of the Form 10-K and no attempt has been made in this Form 10-K/A to modify or update other disclosures as presented in the Form 10-K. Accordingly, this Form 10-K/A should be read in conjunction with our filings made with the SEC subsequent to the filing of the Form 10-K. |  |
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 | Mar. 31, 2013 |  |
Document Fiscal Year Focus | 2013 |  |
Document Fiscal Period Focus | FY |  |

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