Starts entrepreneurship journey, sets up a Jute Mill in Vasavi, Andhra Pradesh.
Entry into Infrastructure with 200 MW IPP in Chennai.
Recognizes the huge business potential in the infrastructure space. Enters into Power Sector with a power plant in Chennai.
Forays into Roads.
Wins bids for Tambaram - Tindivanam and Tuni - Anakapalli.
Divests IT and BPO businesses. Enters Airport Business by winning bid for Hyderabad Airport.
Wins bid for Delhi Airport.
GMR Infrastructure Limited IPO is oversubscribed. Listed on BSE on 21st Aug, 2006.
Global coal price peaks again at 120 USD / tonne.
Acquires 30% stake in Indonesian coal mine PT Golden Energy for 550 m USD.
Wins bid for Mactan-Cebu airport.
Wins first leg of arbitration of Male airport for 1.4 b USD claim.
Sells 74% stake in Ulundurpet Expressway
Wins bid for Goa airport.
Tenega acquired 30% equity stake in Energy – 300 m USD.
Emerges as the successful bidder to develop, operate and manage the new international airport at Greece.
GMR Varalakshmi Foundation (GMRVF), achieves a landmark by completing 25 years of service to the society through several sustainable developmental initiatives.
Tata Trusts Chairman, Shri. Ratan N Tata, the doyen of the Indian industry, noted entrepreneur and an eminent philanthropist, participated in a valedictory function to commemorate the silver jubilee of GMR Varalakshmi Foundation.
"Our Journey as a company has been synchronous with building national assets and also building an institution that gives back to 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."
B V N Rao
Chairman, Transportation & Urban Infrastructure
Celebration of a 25 Year Journey!
GMR Group will be an institution in perpetuity that will build entrepreneurial
organizations making a difference to the society through creation of value.
4th largest private airport developer in the world
Indira Gandhi International Airport, Delhi
Rajiv Gandhi International
Mactan Cebu International Airport, Phillippines
A major contributor to the Indian Power Sector with the
presence across the entire value chain making it one of India's few
fully integrated powerhouses
Significant scale-up in the Highways Business with a mixed portfolio
of Annuity and Toll projects
Developing a multi-product Special Investment Region at Krishnagiri,
Tamilnadu and a Port based multi-product Special Investment Region
at Kakinada, Andhra Pradesh
In line with our commitment to promoting sports, our vision is to promote and nurture sporting talent the world over
GMR Varalakshmi Foundation (GMRVF) is the
Corporate Social Responsibility arm of GMR Group
health, hygiene & sanitation
empowerment & livelihoods
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