Group Holding Board



Group Chairman, GMR Group

GM Rao, a Mechanical Engineer, is the Founder Chairman of the GMR Group, the global infrastructure developer.

Born in Rajam in the Srikakulam district of Andhra Pradesh in India, GM Rao ventured into business starting with a single jute mill in 1978. Since then, till before India’s economic liberalization, circumstances compelled him for opportunity driven business building.

He entered 28 businesses as a serial entrepreneur and exited most of them with the opportunities thrown up by the opening up of the Indian economy in the early 1990s. As a part of the post-liberalization generation of entrepreneurs, his moves became entirely strategy driven and focused on long term objectives. Eventually, his single-minded focus on the core infrastructure sector resulted in GMR Group exiting some of the highly attractive businesses of banking, insurance, software, breweries, jute and sugar.

In his long journey, GM Rao evolved from a student leader, to a trader, to a manufacturer, to a banker, to an infrastructure developer.

Over the last 4 decades he has successfully established GMR Group, as one of the most recognized brands in the country, creating national infrastructure assets of global scale and world-class quality, creating new benchmarks. The Group is now well diversified and professionally managed infrastructure developer with focus on Airports, Energy, Transportation and Urban Infrastructure including SEZs.

While business grew rapidly, GM Rao laid special emphasis on long term prosperity by focusing on institution building as well. The GMR Group Vision states “GMR Group will be an institution in perpetuity that will build entrepreneurial organizations making a difference to society through creation of value.” A set of seven core Values & Beliefs was arrived at, to define the GMR Group’s distinct organization culture. This was further strengthened by a Code of Conduct for all employees, emphasizing on ethical and professional behaviour.

Rao believes that “Family must be run like Business and Business must be run like Family”. He made the pioneering effort in formulating a Family Constitution taking expert opinion from world renowned consultants. This is now formalized into a legal document, with all immediate family members including spouses as signatories.

He says “Strong family governance ensures strong corporate governance”. He believes that this will ensure a smooth transition of business from generation to generation, and at the same time, enable professionals to discharge their rightful roles in the growth and development of the Group.

GM Rao’s vision in 3 dimensions of business building, institution building and family governance had a 4th dimension built into it, that of giving back to society. This, he started very early on, in his career. Eventually, he set up an independent, professionally run, company, GMR Varalakshmi Foundation, to channelize funds for social causes for the benefit of the under-served in society. Today, the Foundation is active in 18 locations in India and 2 locations in Nepal and its 4 areas of activity are education, healthcare, livelihood and community development and it has received wide national recognition for its impact in the sections of society it serves.

To ensure that his legacy lives on beyond his lifetime, he made an endowment of the entire portion of his personal wealth to the GMR Varalakshmi Foundation in March 2011.

He was conferred with the honorary Doctor of Laws by York University, Toronto, Canada in 2011, the honorary Doctor of Letters by the Andhra University, India in 2010 and honorary Doctor of Letters by the Jawaharlal Nehru Technological University, Hyderabad, India in 2005. He received the award for the ‘First Generation Entrepreneur of the Year’ from CNBC TV18 in 2009. In the same year, he received the Infrastructure Person of the Year award at the Infrastructure Journal Award Ceremony held in London. He was also chosen as the ‘Entrepreneur of the year’ at the Economic Times Awards for Corporate Excellence 2006 – 07, apart from numerous other awards and public recognition throughout his career. He has served on the very prestigious Central Board of Directors of Reserve Bank of India (RBI) from year 2011 to 2015.

For his considerable achievements, he insistsAll the credit goes to my GMR colleagues and my family for their understanding, shared vision, hard work and dedication”.

Srinivas Bommidala

Chairman, Energy & International Airports

Srinivas Bommidala hails from a business family with over seven decades of experience in tobacco exports. After graduating, he joined the family business in 1982 and diversified into aerated water bottling plants, while growing the tobacco business further.

In 1995, as a founder Director of GMR Group, he established India’s first PPP power project in Chennai. Together with the founder Chairman G M Rao, Srinivas Bommidala spearheaded the GMR group’s energy business.

When the GMR group expanded its infrastructure play, as the first Managing Director of Delhi Airport in 2006, he led the transition of Delhi Airport from a public owned entity to a public private partnership enterprise. Under his leadership, the concept of Aerotropolis was conceived and took shape in Delhi and Hyderabad Aerocities. Since then, these have become a global destination for business, commerce and leisure.

In 2007 he took over as the Chairman of Urban Infra & Highways sector consisting of Highways, Construction, SEZ and Airport Property Development Businesses. During this period, GMR Highways emerged as one of the largest National Highway Developer in the country. He led the Group’s maiden sports foray by building the Delhi franchise of IPL from inception. Delhi Daredevils today is one of the most valuable sports properties in India.

From 2012 to 2017, Srinivas Bommidala served as the Chairman of Airports business. During this period, GMR has emerged as amongst the top five airport developers in the world and expanded its portfolio comprising of Delhi, Hyderabad, Goa, Cebu (Philippines) & Crete (Greece).

In early 2018, Srinivas Bommidala has taken charge of GMR Group’s Energy portfolio along with GMR’s international airports in Philippines and Greece. In addition, he heads the Information Technology & Digital Transformation across the GMR Group.

G B S Raju

Chairman, Airports

G B S Raju joined the family business, the GMR Group, in 1996 at the age of 22, and is presently the Chairman of the Airport Sector, and the Vice Chairman of GMR Airports Limited [GAL]. In addition to the Airports portfolio, he leads GMR Varalakshmi Foundation, the CSR wing of GMR Group and spearheads Information Technology & Digitalization across the Group.

He was the Chairman of the Energy Sector for over the last six years. During his stint in the Energy Sector, multiple power generation plants including transmission projects were implemented/at various development phases, with an aggregate capacity of about 7500 MW. The sector has a diversified portfolio of coal, gas, hydro, solar and wind based power projects. Raju had held multiple positions in key areas of business, such as energy, airports and highways that are vital for India to fulfil its tremendous potential and economic development. He has been instrumental in establishing GMR as a key Infrastructure player with footprints in Indian and International markets.

He is also one of the Group Directors of GMR Infrastructure Ltd, and a member of the Group Holding Board, the apex decision-making body of the Group. His proactive and personalised approach to the business combined with competitive spirit has helped towards the growth of the Group and its various businesses.

Initially, he played a crucial role in shaping the overall strategy and positioning of the organisation. He then took on the development and implementation of various projects of the Group. He pioneered the development of Power projects by setting up India’s first and the World’s largest floating barge mounted power plant – GMR Energy Ltd. He effectively steered the Group’s foray into the Roads Business by revolutionising the road development projects. Today, GMR has a balanced Highways portfolio across the length and breadth of the country and is now one of the leading road developers in the country. He, as Group CFO, also successfully led the Group through GMR Infrastructure’s maiden IPO in 2006 and certain largest QIPs & Private Equity in the years 2007, 2010 & 2011 amounting to approx USD 3 billion in the Energy and Airport sectors of the Group.

With his far sightedness and entrepreneurial skills, Raju was a key player in leading GMR’s foray into the Airport Sector and in developing the Hyderabad, Delhi and Istanbul Airports and in winning the Cebu Airport (Philippines), Mopa Greenfield Airport, Goa and most recently the Bhogapuram Greenfield Airport, Bhogapuram. The Group was guided by his strategic vision in developing international business and building projects like, Sabiha Gokcen International Airport, Istanbul and a power project in Jurong Island in Singapore.

Kiran Kumar Grandhi

Corporate Chairman

Kiran Kumar Grandhi is the Corporate Chairman of GMR Group overseeing Group Finance and Corporate Strategy, Planning & Development and Central Procurement. He is a Member of the Group Holding Board, GMR Group. He also oversees GMR Sports and GMR League Games.

After completion of his studies, Kiran Kumar Grandhi joined the family business in 1996 as Management Trainee in Agri-Business and has subsequently held several leadership positions.

In 1998, Kiran Kumar Grandhi became Director of the Infrastructure Business overseeing Corporate Finance, New Business Development and Organization Development. In this role, he spearheaded financial restructuring and fund raising for new projects like Tanir Bhavi Power Project – which was the world’s first floating power plant at that time. He played key role in Group’s decision to divest in non-core business like Information Technology, Brewery and Banking (Vysya bank) to focus on Infrastructure development.

In early 2000, Kiran Kumar Grandhi initiated an organization restructuring programme and anchored the change management effort. As part of the process, he set-up the Shared Service Centers in Project Finance, Corporate Finance, Legal, HR, Business Development, Corporate Communication, Finance & Accounts Departments to provide expertise and services to various business of the Group.

Kiran Kumar Grandhi was instrumental in winning several successful infrastructure bids for the Group under Public Private Partnership route with the Central and State Governments in sectors like airport, highways, etc.

From 2003 to 2011, Kiran Kumar Grandhi geared his focus towards GMR’s Airport Business and under his leadership GMR Airports has become world’s fourth largest private company in the sector.

He led the GMR Group’s successful bid for Hyderabad International Airport in the year 2000. Having led the bid effort successfully, in 2003 he took over the onerous task of heading the Design and Development of the Greenfield Airport project from concept to commissioning in March 2008.

In 2006, Kiran Kumar Grandhi also led the successful bid to modernize Indira Gandhi International Airport, New Delhi.

Prior to his current role, Kiran Kumar Grandhi led the Urban Infrastructure & Highways business– where he managed a portfolio of approximately 1,200 kms of Highways across 10 projects.

An exceptional people leader, Kiran Kumar Grandhi spends substantial amount of time planning and reviewing development of the next generation of leaders for the Organization. He also takes active part in GMR Varalakshmi Foundation (GMRVF) - the Corporate Social Responsibility arm of the Group.

His vision for the Group is to create an entrepreneurial culture in the organization fostering innovation at all levels while adhering to the highest standards of corporate governance and ethics.

Kiran Kumar Grandhi is a Member of Young Global Leader Class of 2015 of World Economic Forum and Young Presidents Organization. In early 2017, Kiran Kumar Grandhi was appointed as the Vice President of ASSOCHAM.

B V N Rao

Chairman, Transportation & Urban Infrastructure

B V N Rao is currently serving as the Business Chairman – Transportation & Urban Infrastructure. He is responsible for the Group’s Businesses - Transportation, EPC, Special Investment Region and In addition, he also oversees Corporate Relations and Legal.

A Graduate Engineer, B V N Rao has nearly 40 years of rich experience, of which 12 years have been in the banking sector with specific experience in Industrial Finance and Foreign Exchange.

He is one of the founder Directors of the Group since 1988, associated with all the businesses promoted by the group like Ferro Alloys, Sugar, Brewery, Power, Transportation and Airport businesses and currently, he is the Group Director on the Board of Directors of the Company (GIL).

Prior to his current role, B V N Rao served as chairman of Energy and Corporate sector of the Group.

“Our journey as a Company has been synchronous with building national assets and also building an institution that gives back to the society. My personal belief is that every day is a journey of learning and caring about all those who help in realizing the larger dream.”