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Virendra D Mhaiskar, IRB Infrastructure - The Man Behind The Success

Discussion in 'Say Anything' started by Kunish, Jun 18, 2019.

  1. Kunish New Member

    About IRB Infrastructure Owner, Virendra Mhaiskar
    Virendra Mhaiskar is the owner of IRB infrastructure Developers Ltd,a leading highway construction company with its headquarters in Mumbai. The organization has to its credit the successful completion of India’s first build-operate-transfer (BOT) road project. It is also one of the largest operators of such ventures.

    According to Forbes, the owner of IRB Infrastructure, Virendra Mhaiskar was ranked 96th among India’s richest in 2012, and 937th amongst the billionaires in 2010.

    Early life and career of IRB Infrastructure Owner Virendra Mhaiskar

    Virendra Mhaiskar joined his family’s road building businessin 1990, at the age of 19. A civil engineer from the University of Bombay, he took over in 1998, expanded the business and created IRB Infrastructure Developers Ltd. A leading toll operator in western India, where it operates on the Mumbai–Pune Expressway, the company went public in 2008.

    The 41-year-old has taken the company to apex verticals. With the guidance of Virendra Mhaiskar IRB Infrastructure has expanded its reach into real estate, and has been selected to build an airport in Maharashtra.

    With an experience of more than 17 years in construction and infrastructure, he is the mastermind behind the company’s road constructions, new business ventures, and the success of BOT projects in India.

    Awards and Achievements of IRB Infrastructure Owner, Virendra Mhaiskar

    Virendra Mhaiskar, IRB Infrastructure has played a pivotal role in delivering the company’s projects on time and has driven the company to new heights. The company has been the recipient of multiple awards that define the quality of their work.

    The organization achieved financial closure in FY 2009-2010 for their newly awarded projects, viz., Pathankot-Amritsar BOT Project, Jaipur-Deoli Project ,Talegaon-Amravati BOT Project and Panji-Goa BOT Project. IRB Infrastructure tied up a debt of Rs 2,599 crore for these projects with a consortium of banks, with IDFC being the lead institution. Canara Bank, Union Bank of India, and Bank of Baroda are the other three members.

    The highway construction company has also emerged as the preferred bidder for the “Six laning of Ahmedabad to Vadodara section of NH-8 from km. 6.400 to km. 108.700 (Length 102.300 km) and improvement of existing Ahmedabad Vadodara Expressway from km. 0.000 to km 93.302 in the State of Gujarat (Length 93.302 km.) under Phase V on Design Build Finance Operate Transfer (DBFOT) Toll basis (“the Project”)”.

    Owing to his outstanding achievements with IRB Infrastructure, he was named as the “Young Turk of the Year” at the 6th Edition of CNBCTV18 India Business Leader Awards. The award was presented by then Honourable Finance Minister, Pranab Mukherjee in Mumbai on December 11, 2010.

    The organization also won the CNBC TV 18 Essar Steel Infrastructure Excellence Award for the second time. The award was presented to IRB Infrastructure owner Virendra Mhaiskar by Kamal Nath, Minister of Road Transport and Highways. The award recognizes the high-quality work done by the company on the Bharuch to Surat section of NH-8.

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