Virendra Mhaiskar: Putting IRB on the highway to growth

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Virendra Mhaiskar: Putting IRB on the highway to growth

Mhaiskar who is at number 51 on the Forbes India rich list of 2009, spoke about his company, and India's sunrise sector - infrastructure.

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IRB Infrastructure Developers , a Rs 1900 crore company, is one of India's largest toll road operators, which is constructed and maintained over 1200 kilometers of roads. Paving the way for the company is its Chairman and Managing Director Virendra Mhaiskar.

Calling himself the child of Indian reforms, Virendra - a civil engineer by training - joined his father in the business in 1990 at the age of 19 to construct roads for municipalities.

But in 1995, avenues opened up for IRB with public-private partnerships (PPPs) being allowed through road development. IRB's current portfolio includes 11 out of 12 operational build-operate-transfer (BOT) projects including one of the largest in India - the Mumbai-Pune expressway - and the National Highway 4.