IRB Infrastructure owner Virendra Mhaiskar plans on expanding company’s operations

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A Rs 1,900-crore company, IRB Infrastructure Developers, is one of India’s biggest toll road operators. The highway developer has maintained and built more than 1,200 kilometers of roads. Virendra Mhaiskar, the Managing Director and Chairman of IRB, is the driving force behind the group who has been delivering consecutive success. The IRB Infrastructure-owner, a civil engineer, joined his father’s business in 1990.

virendra mhaiskar

Gates to new horizons opened for IRB Infrastructure in 1995, when public-private partnerships (PPPs) were allowed via road development. The current portfolio of IRB includes 11 out of 12 operational build-operate-transfer (BOT) projects. The list includes two of the largest BOT projects in India – the Mumbai-Pune expressway and the National Highway 4 (NH-4).

It’s hard for experts to believe in the success story of IRB, and Virendra Mhaiskar. The sector they’re involved in, is highly regulated and fraught with uncertainties.

Even the IRB Infrastructure owner admits this, “It is definitely a regulated sector and it was surely tough. But the way we developed it has really helped as we were already into construction. We were doing tolling as agents for the government. So when this sector opened up in 1995, it was really a very welcome move for us to get into it. The early entry really helped us to build that portfolio.”

There’s a reason why IRB Infrastructure is given so much attention and praise. Every project that this company has finished today has been completed either ahead of schedule or on time. Also, all the BOT projects have been delivered on the date for beginning the toll.

Construction companies are known to miss deadlines, especially in India. Perhaps that’s why the Indian government was forced to hire foreign developers.

But time has changed now. India has domestic giants and responsible individuals – like the IRB Infrastructure owner – who can implement great ideas and the latest technology to give Indian road network its deserved facelift.

 

Comment List

  • Pulkit Pathak 29 / 03 / 2018 Reply

    People like him can end the suffering of the nation. All the people have been benefited from the work done by IRB Infrastructure.

     
  • janvi arora 13 / 02 / 2018 Reply

    We have high hopes from such pioneers and we congratulate Virendra Mhaiskar for coming up with innovative ideas. All the best for the future.

     
  • Naveen 17 / 01 / 2018 Reply

    all the best boss

     
  • Cheshta Aggarwal 26 / 09 / 2017 Reply

    I wish he expands it to all the corners of India so that we can have wonderful roads all over the country. Best of luck Mr. Mhaiskar.

     
  • Laxmi Jain 01 / 09 / 2017 Reply

    IRB Infrastructures have developed a sense of trust for themselves in the eyes of Indians. They keep connecting one place with another without any issues. Keep it up!

     
  • Aarti Pahwa 28 / 08 / 2017 Reply

    All the best to Virendra Mhaiskar and the entire IRB group. Shape the country better. High hopes from you.

     
  • Sareena Roy 21 / 02 / 2017 Reply

    best enterpeneur

     
  • Neha Gupta 21 / 02 / 2017 Reply

    keep up the good work.

     
  • Ishan Gupta 30 / 12 / 2016 Reply

    Virendra Mhaiskar is indeed a successful man! He inspired me..

     
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