| Airports | Airport operations, passenger and cargo services, retail concessions, aerotropolis developments, and technical services. | Long-term concession contracts, strong brand with flagship airports, strategic global partnerships and technology use. | Airlines, passengers, retail customers, government agencies; operates in B2B and B2C aviation sectors. | Duty-free retail, cargo handling, and premium services deliver highest margins. | 8484 | 82 | Revenue through aeronautical fees, retail duty-free concessions, cargo handling, parking, and other service charges. | Concession agreements, tariff regulation by authorities, fixed and variable charges based on services and passenger volume. | Increasing passenger traffic, airport capacity expansions, new route additions, international market entry, and airport adjacencies. | Indira Gandhi International Airport, Rajiv Gandhi International Airport, Goa Mopa Airport, Kualanamu International Airport, Crete Airport |
| Power | Electric power generation and supply through subsidiaries (historical segment; mostly demerged). | Long-term agreements and diversified energy portfolio (coal and renewable). | Electric utilities, industrial consumers; B2B segment. | Renewable energy plants with government incentives have higher margins. | 1505 | 14 | Sale of electricity to utilities and industrial customers via power purchase agreements. | Tariff-based regulated contracts and long-term power purchase agreements. | Stable regulated revenues, renewable energy projects, and operational efficiencies. | GMR Power plants (Operational assets as part of demerged segment) |
| Roads | Development and operation of tolled roadways under concession agreements. | Long-term concessions with limited competition in operating routes. | Transportation users, government agencies; B2C and B2G segments. | Concession toll operations have stable cash flows. | 385 | 4 | Toll collections and availability payments from government. | Concession-based tolling model with regulated tariffs. | Increasing vehicular traffic, government infrastructure investments. | National Highway projects |
| EPC | Engineering, procurement and construction services for airports, roads, power plants, and urban infrastructure. | Strong group integration, technical expertise, and project execution track record. | Subsidiaries, infrastructure developers, government agencies; B2B segment. | Specialized infrastructure construction and efficient project management. | 849 | 8 | Project execution fees and contract revenues. | Lump sum, milestone-based project contracts. | Infrastructure development demand and internal group projects. | Construction and infrastructure services for group projects and external clients |
