He is one of India's new low profile billionaires incidentally ranking higher than the flamboyant Vijay Mallya.
In an exclusive interview on CNBC-TV18, Mhaiskar who is at number 51 on the Forbes India rich list of 2009, spoke about his company, and India's sunrise sector - infrastructure.
Here is a verbatim transcript of the interview. Also watch the accompanying video.
Q: I called it an old industry yet sunrise because its only now that it has been opened up to the private sector, your company is only 11 years old yet they speak about toll roads you come in the same breath as a GMR or L&T but what we have also seen is that in the last couple of years the entry of a number of smaller players into the business, how many people can actually live in this business?
A: I think we have seen this industry as you rightly said, this is an old industry but it really got its shine after the reforms and this is truly an industry born out of the reforms, so with the private investment that was allowed to be there in the road development that is where we can say the new sunrise of the road industry happened and infact IRB was one of the few first companies to get into this business and now we have developed a portfolio of about 1,000 km.
