This document provides biographical information about Grandhi Mallikarjuna Rao, the founder of GMR Group. It details that he started as a mechanical engineer for the Andhra Pradesh government and entered commodity trading, eventually acquiring failing businesses. He grew GMR Group into one of India's largest infrastructure developers, present in 7 countries across energy, highways, and airports. The document notes Rao's philanthropic efforts through his CSR arm, which serves underprivileged communities, and that he has pledged significant donations to charitable causes, taking inspiration from Warren Buffett's philosophy of giving back to society.

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Date: 23rd
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Grandhi Mallikarjuna Rao
Founder Chairman of GMR Group
Grandhi Mallikarjuna Rao is a mechanical engineer, billionaire industrialist,
and 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.
Early life
G M 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 the
Andhra Pradesh Government as a junior engineer.
He soon entered the trading of commodities as his entrepreneurial nature made it difficult for him to stay
content with a mere day job. After developing good relations with suppliers and customers in the business of
commodities trading, he acquired a failing jute mill for at a bargain, this venture proved to be lucrative and
allowed GM Rao is use 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 this business and decided to enter the business of energy and infrastructure
with the proceeds from the sale. The entry into the power business allowed Rao to build what would become
India leading infrastructure asset developer, as GMR's closest competitor, GVK, is 6 times smaller by market
capitalization, making Rao the leader of India as an infrastructure asset developer by revenues, asset size, and
market capitalization.
It is also widely accepted in top brass of the state of Andhra Pradesh that Rao's closeness with Chandra Babu
Naidu allowed Rao to become the asset developer and owner for Hyderabad's International Airport Rajiv
Gandhi International Airport.
Life and career records
As per Forbes magazine, G M Rao is the richest Telugu man by sheer quantifiable wealth. He is known for his
down to earth nature and simplicity despite his enormous fortune. According to media reports, GMR Group is
one of India's most trusted and respect brands. GM Rao received the Economic Times Entrepreneur of the
year Award in 2007.
Charity
Its CSR arm, GMR Varalakshmi Foundation, currently serves the underserved sections of society in 22
locations. He donated Rs.1540 crores in 2012 for charitable purposes. He mentioned in an interview that
Warren Buffett is an inspiration for him to pledge is money in support of 'Giving back to society'.
By donating Rs. 740 Crores in the year 2013, G M Rao was the third generous donor of corporate India for the
year as per the China's Harun Report Inc.