G. M. Rao Net Worth is1,420 $Million
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Birth Date: 1950/07/14
Birth Place: Andhra Pradesh, India
Occupation: Chairman of GMR Group
Residence: Bangalore, India
Networth: {{profit}} $2.6 billion USD (2011)[http://www.forbes.com/profile/g-m-rao/ G. M. Rao profile] at Forbes
Website: [http://www.gmrgroup.co.in/corporate/gmrao.html G.M. Rao]
Grandhi Mallikarjuna Rao (Telugu: a??a??a??a??a??a?? a?(R)a??a??a??a??a??a? 3/4 a??a??a??a??a?? a??a? 3/4 a?ua??) is the Founder Chairman of GMR Group, a global infrastructure developer and operator based in India. Started in 1978, GMR Group is now present in 7 countries, active in Energy, Highways, Large Urban Development and Airports sectors, known for building and operating world class national assets.
G M Rao was born on 14th July 1950, in Rajam, Srikakulam district in Andhra pradesh, South india.
Rao started in jute mills and went on to found the GMR group. He expanded the GMR group into the energy and infrastructure sectors. In 2007, the GMR group won a bid to privatize India's third busiest airport, Indira Gandhi International Airport. Rao spent $1 million on his bid and made a deal with Fraport AG to support his bid. GMR group has also completed a $200 million Hyderabad airport project, which was bid on in May 2000.
Mr Rao is also a Director in the Central Board of Reserve Bank of India.
Its CSR arm, GMR Varalakshmi Foundation, currently serves the underserved sections of society in 22 locations. He donated 1540 cores in 2012 for charitable purposes.
Interview in ABN channel (Telugu): http://www.youtube.com/watch?v=eRUYE7U7ryY

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G. M. Rao Latest News

Indian Billionaire G.M.Rao To Sell Istanbul Airport Stake For $350 Million In Run Up To IPO

GMR Infrastructure, controlled by billionaire G.M.Rao has reportedly signed an agreement to sell its 40% stake in Istanbul’s Sabiha Gokcen Airport to TAV Airports, Turkey’s leading airport operator, for $350 million. The proposed deal has yet to get ...
Posted: December 12, 2013, 4:00 pm

GM Rao pledges Rs 1,540 crore for philanthropy

Mumbai: G.M. Rao, chairman of GMR Group, has pledged his entire stake in the infrastructure-to-airports business to create a Rs 1,540 crore endowment that will fund activities of the charitable foundation run by his firm. The endowment is equivalent to the ...
Posted: March 22, 2011, 11:30 am

Mothi Rama Rao passes away

Many leaders, including Shamanur Shivashankarappa, Davangere MLA; S.A. Ravindranath, Minister for Horticulture; G.M. Siddeshwar, MP; and S.S. Mallikarjun, former Minister, have mourned the death of Mr. Rao.
Posted: December 21, 2012, 5:59 pm
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