1 General Information
 
 Ingersoll Rand (India) Limited (the ''Company'') is a public limited
 company incorporated in 1921 under provisions of Companies Act, 1913
 and existing under the provisions of Companies Act, 1956. The Company
 has a manufacturing plant in Naroda, Gujarat and is primarily engaged
 in the business of manufacturing and sales of Industrial air
 compressors of various capacities. The Company also manufactures Air
 Conditioners package for buses under contract manufacturing arrangement
 for its fellow subsidiary in India. The Company sells air compressors
 primarily in India and also exports to other SAARC countries and United
 States. The Company has commenced construction of a new manufacturing
 plant at Chennai, Tamil Nadu for manufacture of Heating, Ventilation &
 Air Conditioning (HVAC) equipment and Transport Refrigeration products
 in Phase 1. The equity shares of the Company are listed on the Bombay
 Stock Exchange (BSE), National Stock Exchange (NSE) and Ahmedabad Stock
 Exchange.
 
                                                As at 
                                       March 31, 2012    March 31, 2011
 
 2 Contingent Liabilities
 
 Claims against the Company not 
 acknowledged as debts                    44.10                   39.71
 
 Sales tax/ excise matters in dispute    162.88                   41.39
 
 Bank guarantees/ corporate guarantees   487.81                  354.45
 
 Income Tax matters in dispute           107.60                  110.07
 
 Out of the disputed amount Rs. 31.66 (March 31, 2011: Rs. Nil) has been
 paid during the year and included under Advance Income Tax in note
 number 14.
 
 (c) Employee Share-based Payments
 
 (i) Incentive Stock Option Plan of 1998 (1998 plan)
 
 The stock options vest ratably over a period of three years and expire
 at the end of ten years, subject to conditions related to termination
 of employment.
 
 (ii) Stock Appreciation Rights Plan of 1998 (SAR 1998) SARs generally
 vest ratably over a three-year period from the date of grant and expire
 at the end of ten years. All exercised SARs are settled with the
 holding company’s Class A common shares.  
 
 (iii) Incentive Stock Option Plan of 2007 (2007 plan) On June 6, 2007,
 the shareholders of the holding company approved the Incentive Stock
 Plan of 2007, which authorises the holding company to issue stock
 options and other share-based incentives. The plan replaces the 1998
 plan which terminated in May 2007. The stock options vest ratably over
 a period of three years and expire at the end of ten years, subject to
 conditions related to termination of employment.
 
 (iv) Restricted Stock Unit (RSU)
 
 Restricted Stock Unit (RSU) are share equivalents that are awarded to
 an employee with a promise to issue actual shares to holders of the RSU
 award at vesting. The RSU will vest in one-third installments over
 three years. Once they vest, each unit is converted into a share of
 stock at current value.
 
 These Plans are assessed, managed and administered by the holding
 Company.
 
 The number and weighted average exercise prices of stock options for
 each of the above plans are given in US $ currency as Rupee values are
 not available.
 
 3 Segment Reporting:
 
 The Company has considered the business segment as the primary
 reporting segment on the basis that the risk and returns of the Company
 is primarily determined by the nature of products and services.
 Consequently, the geographical segment has been considered as a
 secondary segment.
 
 The business segment have been identified on the basis of the nature of
 products and services, the risks and returns, internal organisation and
 management structure and the internal performance reporting systems and
 amounts allocated on a reasonable basis.
 
 The business segment comprise of the following:
 
 Air Solutions (AS) - comprising of reciprocating compressors,
 centrifugal compressors and system components Others - arising on
 account of contract manufacturing for fellow subsidiary.
 
 The expenses, assets and liabilities relating to Chennai Plant has been
 grouped under Other unallocable head.
 
 Geographical segment is considered based on sales within India and
 outside India.
 
 4 Previous Year Figures
 
 The financial statements for the year ended March 31, 2011 had been
 prepared as per the then applicable, Schedule VI to the Companies Act,
 1956. Consequent to the notification of Revised Schedule VI under the
 Companies Act, 1956, the financial statements for the year ended March
 31, 2012 are prepared as per Revised Schedule VI. Accordingly, the
 previous year figures have also been reclassified to conform to this
 year’s classification. The adoption of Revised Schedule VI for previous
 year figures does not impact recognition and measurement principles
 followed for preparation of financial statements.