Some 30 years ago, Grandhi Mallikarjuna Rao used to cycle 25-30km a day in rural Andhra Pradesh collecting money for the rice, spices, jute or grains he had supplied. Rao was a mechanical engineer, the first graduate in his family living in a village not far from Vizag. Today, Rao oversees assets worth Rs15,000 crore in power, roads, and airports. Though Rao is extremely low profile, when you think of private initiative in Indian infrastructure, you have to think of GMR. Rao ente" /> Some 30 years ago, Grandhi Mallikarjuna Rao used to cycle 25-30km a day in rural Andhra Pradesh collecting money for the rice, spices, jute or grains he had supplied. Rao was a mechanical engineer, the first graduate in his family living in a village not far from Vizag. Today, Rao oversees assets worth Rs15,000 crore in power, roads, and airports. Though Rao is extremely low profile, when you think of private initiative in Indian infrastructure, you have to think of GMR. Rao ente" /> Some 30 years ago, Grandhi Mallikarjuna Rao used to cycle 25-30km a day in rural Andhra Pradesh collecting money for the rice, spices, jute or grains he had supplied. Rao was a mechanical engineer, the first graduate in his family living in a village not far from Vizag. Today, Rao oversees assets worth Rs15,000 crore in power, roads, and airports. Though Rao is extremely low profile, when you think of private initiative in Indian infrastructure, you have to think of GMR. Rao ente">

 

 

We have grown in assets but compared to other large groups, we are only beginning. I don’t want to be the biggest; I want to set up a good organization
ML: Could you tell us something about your family and your childhood.
GMR:My family came from a small village called Rajam, 100km from Vishakapatnam (Vizag). We were in a trading family buying jute and grain from the farmers and selling it to the mills. We are four brothers and three sisters and nobody was really educated. I was the third son. I had failed in my SSLC (secondary...
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What? Me, Worry?

Inflation and interest rate worries have again gripped the world. India is better off on that count

In the last issue, I had mentioned that stocks are ready to make a short correction anytime. The correction came immediately thereafter. Now even global worries have surfaced. On Wednesday 13th June, the yield on 10-year US Treasury Notes shot up to 5.3%, the level it last hit in 2002. A sharp...

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It’s Different!

In a sea of me-too funds looking for something truly different and interesting? Wait for Reliance Natural Resources Fund to come. It may even invest in a mining company in Alberta, Canada (pictured here)

Reliance Mutual Fund is among the few fund houses with a track record of consistently beating its benchmarks and emerging among the top five fund houses in virtually all the parameters that...

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