Grandhi Mallikarjuna Rao
Encyclopedia
Grandhi Mallikarjuna Rao is the founder and chairman of GMR Group
, a leading infrastructure developer in India
. He was ranked 198th in the world's richest list by Forbes
, and his wealth was valued at $2.6 billion. He is 18th on the list of Indians by net worth, as published by Forbes magazine.
Rao was born in Rajam, Srikakulam district
in Andhra pradesh
.
s and went on to found the GMR group. He expanded the GMR group into the energy and infrastructure sectors. In 2007, the GMR group won a bid to privatize India's third busiest airport, Indira Gandhi International Airport
. Rao spent $1 million on his bid and made a deal with Fraport AG to support his bid. GMR group has also completed a $200 million Hyderabad airport project, which was bid on in May 2000.
In April 2009 he was linked with a £500 million takeover of English Premier League side Liverpool F.C.
. He owns the Indian Premier League Twenty20 cricket
team Delhi Daredevils
.
GMR Group
GMR Group is a major infrastructure company in India which is headquartered in Bangalore. The company was founded in 1978 by Grandhi Mallikarjuna Rao The core business areas of the company include airports, energy and highways; apart from having presence in the agriculture and aviation sectors...
, a leading infrastructure developer in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. He was ranked 198th in the world's richest list by Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
, and his wealth was valued at $2.6 billion. He is 18th on the list of Indians by net worth, as published by Forbes magazine.
Rao was born in Rajam, Srikakulam district
Srikakulam district
Srikakulam District , formerly known as Chicacole, is the extreme northeastern District of Andhra Pradesh, situated within the geographic co-ordinates of 18°-20’ and 19°-10’ N and 83°-50’ and 84°-50’ E...
in Andhra pradesh
Andhra Pradesh
Andhra Pradesh , is one of the 28 states of India, situated on the southeastern coast of India. It is India's fourth largest state by area and fifth largest by population. Its capital and largest city by population is Hyderabad.The total GDP of Andhra Pradesh is $100 billion and is ranked third...
.
Career and history
Rao started in jute millJute mill
Originally, a jute mill was a factory for processing jute. The first jute mill was established in Dundee, Scotland. The world's largest jute mill was the Adamjee Jute Mills at Narayanganj in Bangladesh. It closed all operations during 2002....
s and went on to found the GMR group. He expanded the GMR group into the energy and infrastructure sectors. In 2007, the GMR group won a bid to privatize India's third busiest airport, Indira Gandhi International Airport
Indira Gandhi International Airport
Indira Gandhi International Airport is the primary international airport of the National Capital Region of Delhi, India, situated in West Delhi, 16 km southwest of New Delhi city centre. Named after Indira Gandhi, the former Prime Minister of India, it is the busiest airport in India in...
. Rao spent $1 million on his bid and made a deal with Fraport AG to support his bid. GMR group has also completed a $200 million Hyderabad airport project, which was bid on in May 2000.
In April 2009 he was linked with a £500 million takeover of English Premier League side Liverpool F.C.
Liverpool F.C.
Liverpool Football Club is an English Premier League football club based in Liverpool, Merseyside. Liverpool has won eighteen League titles, second most in English football, seven FA Cups and a record seven League Cups...
. He owns the Indian Premier League Twenty20 cricket
Twenty20
Twenty20 is a form of cricket, originally introduced in England for professional inter-county competition by the England and Wales Cricket Board , in 2003. A Twenty20 game involves two teams, each has a single innings, batting for a maximum of 20 overs. Twenty20 cricket is also known as T20 cricket...
team Delhi Daredevils
Delhi Daredevils
Delhi Daredevils is the Delhi franchise for the Indian Premier League in cricket. The franchise is owned by the GMR Group.-Franchise history:...
.