Sponsor & The Project Manager
The Sponsor and Project Manager of the Trust IRB Infrastructure Developers Ltd (IRB), listed on the Stock Exchanges since 2008, is India’s first Integrated Multi-National Transport Infrastructure Developer in the Roads and Highways segment. The Company has acquired ISO Certification in Quality (ISO 9001); Environment Management (ISO 14001), Occupational Health and Safety (ISO 45001) and IT Security (ISO 27001) from the ISOQAR, United Kingdom.
As the largest integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of approx. Rs.80,000 Crs. in 12 States across the parent company and two InvITs.
The Company has strong track record of constructing, tolling, operating, and maintaining around 18,500 lane Kms pan India in its existence of more than 25 years in India; of which 15,500 Lane Kms are under operations at present. The group commands a market share of around 38% in the TOT space. It also comprises 12% share in India’s North South highway connectivity.
After successfully completing 13 Concessions and handing over them to the nodal agencies, at present, IRB Group’s project portfolio (including Private and Public InvIT) has now 26 road projects that include 18 BOT, 4 TOT, and 4 HAM projects.
For more information, please visit www.irb.co.in
Investment Manager
MMK Toll Road 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 (49%).
GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. GIC takes a long term, disciplined approach to investing, and is uniquely positioned across a wide range of asset classes and active strategies globally with investments in over 40 countries.
Board of Directors
Mr. Virendra D. Mhaiskar – Chairman
Mr. Boon Chin Hau
Mr. Aryan Mhaiskar
Mr. K. G. Krishnamurthy – Independent Director
Mrs. Ranjana Paranjape – Independent Director
Mr. Nagendraa Parakh – Independent Director
Management Team
Mr. Dhananjay Joshi – Chief Executive Officer
Ms. Shilpa Todankar – Chief Finance Officer
Mr. Kaustubh Shevade – Company Secretary & Compliance Officer
Trustee
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.
For more information about the Trustee, please log on to www.idbitrustee.com