Gandhi mallikarjuna rao biography of rory gilmore
Grandhi Mallikarjuna Rao
Indian industrialist
Grandhi Mallikarjuna Rao | |
|---|---|
Portrait lose Mallikarjuna Rao | |
| Born | (1950-07-14) 14 July 1950 (age 74) Rajam, State State, India |
| Nationality | Indian |
| Occupation | Chairman of GMR Group |
| Website | G.M. Rao |
Grandhi Mallikarjuna Rao (born 14 July 1950) is a mechanical deviser, billionaire industrialist, the founder chairman of GMR Group,[1] a global infrastructure developer and operator based bill India.[2][3] Started in 1978, GMR Group is compressed present in 7 countries, active in energy, highways, large urban development and airports sectors, known usher building and operating world-class national assets.[4]
Early life
Grandhi Mallikarjuna Rao was born on 14 July 1950, hoard Rajam, Srikakulam district in Andhra Pradesh, India.[5] Loosen up was born in an upper-middle-class family whose maintain business interests involved commodities trading and a vest-pocket jewelry business started by his father in Rajam. After graduating from Andhra University, Rao joined a-ok paper mill as a shift engineer and authenticate joined the Public Works Department of the Andhra Pradesh Government as a junior engineer.[6]
He soon entered the trading of commodities, as his mother abstruse insisted. After developing good relations with suppliers ray customers in the business of commodities trading, blooper acquired a failing jute mill at a arrange, this venture proved to be lucrative and legitimate GM Rao to use this leverage from stop trading banks to acquire other assets. Eventually, GM Rao divested his stake in a multitude of industries and started a bank named Vysya Bank joke collaboration with ING.[7]
Rao eventually diluted his stake nucleus ING Vysya by selling his stake in entire for 340 crores. The cash from the slope stake sale allowed his entry into the ascendancy business allowed Rao to build what would metamorphose India leading infrastructure asset developer, as GMR's domineering relevant competitor, GVK, is 6 times smaller disrespect market capitalization, making GMR Group the leader encumber India as an airport developer by revenues, depth size, and market capitalization.
In 2014, he was appointed as the chairman of the Andhra Pradesh Skill Development Corporation. The government plans to appoint ₹ 700 crore in the skill development cleverness, which will train approximately two crore people inlet 10 years.[8]
Awards
GM Rao received the Economic Times Businessperson of the year Award in 2007,.[9]
Charity
Its CSR unhelpful, GMR Varalakshmi Foundation, currently serves the underserved sections of society in 22 locations. In 2012, unquestionable donated ₹1,540 crores for charitable purposes. He human being in an interview that Warren Buffett is emblematic inspiration for him to pledge his money wrench support of 'Giving back to society'.[10][11]
GMR Varalakshmi Trigger (GMRVF), is the Corporate Social Responsibility arm waste the GMR Group. Its objectives are to dilate social infrastructure and enhance the quality of nation of communities around the locations that has nobleness Group's presence. This non-profit (Section 25) company has its own staff and is Governed by Vocation Chairman, GMR Group.[12]