Grandhi Mallikarjuna Rao (born 14 July 1950) is a mechanical engineer, billionaire industrialist, the founder chairman of GMR Group,[1] a global infrastructure developer and operator based in India.
[2][3] Started in 1978, GMR Group is now present in 7 countries, active in energy, highways, large urban development and airports sectors, known for building and operating world-class national assets.
[4] Grandhi Mallikarjuna Rao was born on 14 July 1950, in Rajam, Srikakulam district in Andhra Pradesh, India.
The cash from the bank stake sale allowed his entry into the power business allowed Rao to build what would become India leading infrastructure asset developer, as GMR's most relevant competitor, GVK, is 6 times smaller by market capitalization, making GMR Group the leader in India as an airport developer by revenues, asset size, and market capitalization.
Its objectives are to develop social infrastructure and enhance the quality of life of communities around the locations that has the Group's presence.