Media shy business tycoon, who hardly gave any interview, but never abstained himself in recording many laurels in his name, hailing from Rajam, a small village in Andhra Pradesh, Mechanical Engineer, Mr. Grandhi Mallikarjuna Rao(GMR) started his business empire with a Jute mill, followed by a foray into banking sector and now owns 28 subsidiaries as a Chairman. His efforts and robust utilization of opportunities in the
development of Indian infrastructure made him a veteran infrastructure entrepreneur.
GMR was successful in creating, developing and operating all his ventures. His ventures included construction of airports, national highways, Special Economic Zones (SEZ) and generation of power. His team was successful in constructing different departments in airports of New Delhi, Hyderabad, Istanbul and Maldives before the stipulated time. All his ambition, energy and persistence were tested, as he invested Rs.100crore and 4 long years to be called as a successful bidder for the Terminal 3 at New Delhi airport. With four airports, GMR group is the fifth largest private airport developer in the world. His brilliance and notable success was also observed as his group has a current installed capacity of 823 MW of power projects in India, Nepal and Dutch, with nearly 8000 MW under various processes including implementation and development. He also has two large SEZ, each exceeding 2000 acres and is located at Krishnagiri District of Tamil Nadu and the other at Kakinada in coastal Andhra Pradesh. And the latest being granted by the government at Hyderabad. Another feather to his cap comes from construction of national highways; GMR group was also successful in constructing 424Km of national highways connecting different cities in India. GMR group is also called a successful franchisor, as they possess a dynamic cricket team named Delhi Dare Devils.
Though GMR group was successful in all their ventures, they were still facing serious losses in the recent quarters. With Rs.2000crore of cash reserves, sure the group isn’t in any kind of a financial problem. Let’s wait for further more forays especially into nuclear power, only if the government allows! He would still add more laurels, as his organizations’ motive states, we promise to deliver and we deliver that promise.
