Meet man who built India's largest airport, owns 50% stake in IPL team Delhi Capitals, his name is...,net worth is...
You hear about the business leaders like Mukesh Ambani, Anil Ambani and Gautam Adani on a regular basis in India but one big name that has a significant contributions to Indian infrastructure and sports development, but is often not covered in news is that of GM Rao, the founder and chairman of GMR Group. For those unversed, the GMR Group is a leading Indian infrastructure conglomerate with a diversified presence across Airports, Energy, Transportation, Urban Infrastructure, and Sports. Here are all the details you need to know about GM Rao, the founder and chairman of GMR Group. Who is GM Rao?
GM Rao is a visionary businessman who is behind the development of India's largest airport—Delhi's Indira Gandhi International Airport. Notably, the GMR group also operates major airports of India like Indira Gandhi International Airport in Delhi, Rajiv Gandhi International Airport in Hyderabad, and Manohar International Airport in Goa.
Also, readers must note that the GMR Airports is among India's top two private airport operators alongside the Gautam Adani's Adani Group. GMR group's role in Indian Premier League
GM Rao's GMR group owns stake in Indian Premier League's Delhi Capitals Franchise. Moreover, the GMR Sports also co-organized the Rugby Premier League (RPL) alongside Rugby India. Talking about his background, GM Rao hails from a small town in Andhra Pradesh. He started his business journey in 1978 with a single jute mill. About GMR Airports Infrastructure
GMR Airports Infrastructure, the flagship company of GMR group is valued at around Rs 73,575 crore, with operations spanning across multiple Indian airports and international ventures as well. Talking about his personal wealth, the net worth of GM Rao is estimated to be around Rs 25,000–26,000 crore (approximately $3 billion). GMR group co-organises Rugby Premier League
The Rugby Premier League was recently organised by the GMR group. The league had six teams, Bengaluru Bravehearts, Chennai Bulls, Delhi Redz, Hyderabad Heroes, Kalinga Black Tigers, and Mumbai Dreamers fighting for glory, which was ultimately won by the Chennai Bulls. Each team comprised five foreign players, five domestic players, and three from bridge nations — countries in the second and third tiers in the world rugby hierarchy.
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