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Sponsor & The Project Manager

The sponsor of the Trust is IRB Infrastructure Developers Limited, which is India’s first multi-national infrastructure player in highways sector and one of the largest, leading and most valued Companies, committed to create the World Class Roads & Highways infrastructure with high Safety Standards for developing India.

The Company has been listed on the Stock Exchanges since 2008.

The Sponsor is the largest private infrastructure developer in India, in terms of net-worth in the roads & highways sector. As on 31st March 2022 it has the largest project portfolio of 22 projects with approx. 12,000 Lane Kilometres in operation or under development, including the O & M Contracts for IRB InvIT having enterprise value of more than Rs. 60,000 Crores.
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Investment Manager

MMK Tollway Pvt. Ltd., has been designated as an Investment Manager of the Trust, and is responsible for making investment decisions with respect to the underlying assets or projects of the Trust, including any further investment or divestment of its assets, in accordance with the InvIT Regulations and the Investment Management Agreement.

The Investment Manager has experience in operating a road BOT basis for a period of more than 15 years and in developing, operating and maintaining toll plazas in the infrastructure sector.

MMK is jointly owned by the Sponsor (51%) and GIC Affiliates (49%).

Board of Directors

Mr. Virendra D. Mhaiskar – Chairman
Mr. Kunnasagaran Chinniah
Mr. K. G. Krishnamurthy
Mrs. Ranjana Paranjape

Management Team

Mr. Dhananjay Joshi – Chief Executive Officer
Ms. Shilpa Todankar – Chief Finance Officer
Mr. Kaustubh Shevade – Company Secretary & Compliance Officer


The Sponsor, in accordance with the provisions of the InvIT Regulations, has appointed IDBI Trusteeship Services Limited as the Trustee.

The Trustee is professionally managed Trusteeship Company duly registered with SEBI and jointly promoted by IDBI Bank Limited, Life Insurance Corporation and General Insurance Corporation for providing corporate and other trusteeship services.

The Trustee has vast experience in providing trusteeship services to a wide range of corporates and institutions from different business sectors.

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