G. M. Rao

G. M. Rao
G. M. Rao
At a Glance
  • Age
  • Earnings
    $1020 Million
  • Source of earnings
  • Marital Status
  • Children
  • Residence

Forbes India Lists

#63 India Rich List 2013


In January G. M. Rao's GMR Infrastructure terminated what was the country's biggest highways contract worth over $1 billion, citing delays in getting approvals. In a bid to reduce its $6.7 billion debt, it sold its stake in 2 highway projects recently. Reportedly, some investors, including Singapore's Temasek, have agreed to swap their preference shares of GMR for equity. The firm, which already runs 2 airports in Delhi and Hyderabad, plans to bid for the upcoming privatization of 6 airports. In July, he gave charge of listed company to youngest son Kiran Kumar Grandhi.

India Rich List 2013

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