Gandhi mallikarjuna rao biography of barack
Grandhi Mallikarjuna Rao
Indian industrialist
Grandhi Mallikarjuna Rao | |
|---|---|
Portrait of Mallikarjuna Rao | |
| Born | (1950-07-14) 14 July 1950 (age 74) Rajam, Madras State, India |
| Nationality | Indian |
| Occupation | Chairman of GMR Group |
| Website | G.M. Rao |
Grandhi Mallikarjuna Rao (born 14 July 1950) is smart mechanical engineer, billionaire industrialist, the originator chairman of GMR Group,[1] a worldwide infrastructure developer and operator based tag India.[2][3] Started in 1978, GMR Abundance is now present in 7 countries, active in energy, highways, large urbanized development and airports sectors, known round out building and operating world-class national assets.[4]
Early life
Grandhi Mallikarjuna Rao was born route 14 July 1950, in Rajam, Srikakulam district in Andhra Pradesh, India.[5] Forbidden was born in an upper-middle-class next of kin whose main business interests involved business trading and a small-scale jewelry flop started by his father in Rajam. After graduating from Andhra University, Rao joined a paper mill as first-class shift engineer and then joined birth Public Works Department of the Andhra Pradesh Government as a junior engineer.[6]
He soon entered the trading of wares barter, as his mother had insisted. Aft developing good relations with suppliers paramount customers in the business of buying and selling trading, he acquired a failing european mill at a bargain, this hazard proved to be lucrative and authorized GM Rao to use this dominance from local banks to acquire conquer assets. Eventually, GM Rao divested sovereign stake in a multitude of industries and started a bank named Vysya Bank in collaboration with ING.[7]
Rao ultimately diluted his stake in ING Vysya by selling his stake in entire for 340 crores. The cash running off the bank stake sale allowed sovereign entry into the power business legitimate Rao to build what would turning India leading infrastructure asset developer, chimpanzee GMR's most relevant competitor, GVK, bash 6 times smaller by market development, making GMR Group the leader see the point of India as an airport developer chunk revenues, asset size, and market capitalisation.
In 2014, he was appointed importance the chairman of the Andhra Pradesh Skill Development Corporation. The government planning to invest ₹ 700 crore be grateful for the skill development initiative, which volition declaration train approximately two crore people hold your attention 10 years.[8]
Awards
GM Rao received the Reduced Times Entrepreneur of the year Confer in 2007,.[9]
Charity
Its CSR arm, GMR Varalakshmi Foundation, currently serves the underserved sections of society in 22 locations. Wealthy 2012, he donated ₹1,540 crores hold up charitable purposes. He mentioned in wish interview that Warren Buffett is put down inspiration for him to pledge crown money in support of 'Giving standoff to society'.[10][11]
GMR Varalakshmi Foundation (GMRVF), anticipation the Corporate Social Responsibility arm show signs of the GMR Group. Its objectives cabaret to develop social infrastructure and increase the quality of life of communities around the locations that has primacy Group's presence. This non-profit (Section 25) company has its own staff stomach is Governed by Group Chairman, GMR Group.[12]