Parties to Trust

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Sponsor & The Project Manager

IRB Infrastructure Developers Limited

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 India’s leading and the largest private transport infrastructure developer in terms of net-worth in the roads and highways sector. It has the largest project portfolio of 26 highway projects with approx. 18,500 Lane Kilometers constructed, in operation or under development, including the O & M Contracts for IRB InvIT having enterprise value of more than Rs. 77,000 Crores.

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Investment Manager

MMK Toll Road Pvt. Ltd

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


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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