Age, Biography and Wiki
Grandhi Mallikarjuna Rao was born on 14 July, 1950 in Rajam, Andhra Pradesh, India, is an Indian industrialist. Discover Grandhi Mallikarjuna Rao's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 73 years old?
| Popular As |
N/A |
| Occupation |
Chairman of GMR Group |
| Age |
73 years old |
| Zodiac Sign |
Cancer |
| Born |
14 July, 1950 |
| Birthday |
14 July |
| Birthplace |
Rajam, Andhra Pradesh, India |
| Nationality |
India
|
We recommend you to check the complete list of Famous People born on 14 July.
He is a member of famous Chairman with the age 73 years old group. He one of the Richest Chairman who was born in India.
Grandhi Mallikarjuna Rao Height, Weight & Measurements
At 73 years old, Grandhi Mallikarjuna Rao height not available right now. We will update Grandhi Mallikarjuna Rao's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family |
| Parents |
Not Available |
| Wife |
Not Available |
| Sibling |
Not Available |
| Children |
Kiran Kumar Grandhi, G.B.S. Raju |
Grandhi Mallikarjuna Rao Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Grandhi Mallikarjuna Rao worth at the age of 73 years old? Grandhi Mallikarjuna Rao’s income source is mostly from being a successful Chairman. He is from India. We have estimated Grandhi Mallikarjuna Rao's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$2.6 billion USD (2019) |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
Chairman |
Grandhi Mallikarjuna Rao Social Network
Timeline
Grandhi Mallikarjuna Rao (born 14 July 1950) is a mechanical engineer, billionaire industrialist, the founder chairman of GMR Group, a global infrastructure developer and operator based in India.
Grandhi Mallikarjuna Rao was born on 14 July 1950, in Rajam, Srikakulam district in Andhra Pradesh, India.
He was born in an upper-middle-class family whose main business interests involved commodities trading and a small scale jewelry business started by his father in Rajam.
After graduating from Andhra University, Rao joined a paper mill as a shift engineer and then joined the Public Works Department of Andhra Pradesh Government as a junior engineer.
He soon entered the trading of commodities, as his mother had insisted.
After developing good relations with suppliers and customers in the business of commodities trading, he acquired a failing jute mill at a bargain, this venture proved to be lucrative and allowed GM Rao to use this leverage from local banks to acquire other assets.
Eventually GM Rao divested his stake in a multitude of industries and started a bank named Vysya Bank in collaboration with ING.
Rao eventually diluted his stake in ING Vysya by selling his stake in whole for 340 crores.
The cash from the bank stake sale allowed his entry into the power business allowed Rao to build what would become India leading infrastructure asset developer, as GMR's most relevant competitor, GVK, is 6 times smaller by market capitalization, making GMR Group the leader in India as an airport developer by revenues, asset size, and market capitalization.
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.
GM Rao received the Economic Times Entrepreneur of the year Award in 2007,.
Its CSR arm, GMR Varalakshmi Foundation, currently serves the underserved sections of society in 22 locations.
In 2012, he donated ₹1,540 crores for charitable purposes.
He mentioned in an interview that Warren Buffett is an inspiration for him to pledge his money in support of 'Giving back to society'.
GMR Varalakshmi Foundation (GMRVF), is the Corporate Social Responsibility arm of the GMR Group.
Its objectives are to develop social infrastructure and enhance the quality of life of communities around the locations that has the Group's presence.
This non-profit (Section 25) company has its own staff and is Governed by Group Chairman, GMR Group.
In 2014, he was appointed as the chairman of the Andhra Pradesh Skill Development Corporation.
The government plans to invest ₹ 700 crore in the skill development initiative, which will train approximately two crore people in 10 years.
