Latest news with #GMRao
India.com
06-07-2025
- Business
- India.com
Meet man who built India's largest airport, owns 50% stake in IPL team Delhi Capitals, his name is...,net worth is...
GM Rao- File image 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.
India.com
06-07-2025
- Business
- India.com
Meet Man Who Built India's Largest Airport: Owns Majority Stake In IPLs Delhi Capitals And Built Rs 73,575-Crore Firm—His Net Worth Is...
photoDetails english 2927457 GM Rao Success Story: Once a boy from a small town in Andhra Pradesh, GM Rao dreamt big during India's economic liberalisation. With determination and grit, he transformed his vision into reality, emerging as one of India's foremost infrastructure pioneers. Today, GM Rao leads the GMR Group, a global infrastructure giant with ventures in energy, transport, and airports. A mechanical engineer by education, he is now a billionaire industrialist and the Founder Chairman of the group. GMR is among India's top two private airport operators alongside the Adani Group. With projects spanning India, the Philippines, and Greece, GM Rao's story isn't just one of business success—it's a testament to the power of vision, resilience, and building a legacy that touches lives across continents. Updated:Jul 06, 2025, 02:38 PM IST GM Rao Humble Beginnings to Serial Entrepreneurship 1 / 8 GM Rao hails from a small town in Andhra Pradesh and started his business journey in 1978 with a single jute mill. Over the years, he explored 28 different ventures before India's liberalisation. India's 'Airport Tycoon' Built the Country's Largest Airport 2 / 8 GM Rao controls GMR Airports Infrastructure, a listed company with a market cap of Rs 73,575 crore. The group operates airports such as Indira Gandhi International Airport in Delhi, Rajiv Gandhi International Airport in Hyderabad, and Manohar International Airport in Goa. Notably, Rajiv Gandhi International Airport in Hyderabad is India's largest airport by area, spanning 5,500 acres. GMR School Of Aviation 3 / 8 In January 2024, GMR Group launched the GMR School of Aviation in Hyderabad in collaboration with Airbus, aiming to build skilled aviation professionals in India. IPL Stakeholder 4 / 8 Citing Forbes, Rao owns a 50% stake in Delhi Capitals, the IPL franchise, showcasing his deep interests beyond infrastructure. GM Rao Net Worth 5 / 8 In 2024, GM Rao returned to the Forbes India Rich List with a net worth of $3.99 billion (Rs 33,346.5 crore), securing the 78th spot among India's richest. GMR Group's Portfolio 6 / 8 GMR Group's portfolio includes GMR Airports, GMR Energy, GMR Infrastructure, and GMR Enterprises, generating Rs 8,364 crore in annual revenue. GMR Group: Massive Expansion Plans 7 / 8 The group is developing a 2,101-acre Special Investment Region (SIR) in Krishnagiri, Tamil Nadu, and setting up 50 EV charging facilities. GMR Group: Backed by Global Investors 8 / 8 In October 2023, GMR secured Rs 6,300 crore in debt funding from Abu Dhabi Investment Authority (ADIA), reinforcing global investor confidence in Rao's vision.
Economic Times
26-05-2025
- Business
- Economic Times
Jolt to Çelebi could turn a big gain for this Indian firm that once had deep Turkish ties
There's a photo from 2008 that few at GMR would forget: Turkish Prime Minister Recep Tayyip Erdogan and GMR Group chairman GM Rao standing on a dais in Istanbul, shaking hands as Rao nods along while Erdogan speaks. At the time, GMR — now the operator of Delhi, Hyderabad, and Goa airports at home, with global presence including in Greece, Indonesia, and the Philippines — had just struck a joint venture with a Turkish firm to develop Sabiha
