What we do IRB Infrastructure Developers Limited is a leading Indian infrastructure company specializing in developing and managing roadways and highways through BOT, TOT, and HAM models. |
Founded in 1,998 |
Market share India's largest road BOT operator holding 33% of total TOT market share and 12% in North South Highway connectivity; 10% share in toll revenue. |
Problem solved Solve infrastructure gaps by developing and maintaining highways, enhancing connectivity, reducing travel time and boosting economic growth. |
Top clients or who we serve Serve Indian government bodies like NHAI, state road authorities, businesses, and commuters (B2G and B2C focus). |
Key management Chairman & Managing Director Virendra D. Mhaiskar; leadership emphasizes excellence and strategic growth. |
Our journey and innovations Pioneered road BOT business in India; expanded to InvITs, Hybrid Annuity Model, and developed India's first Infrastructure Investment Trust. |
Where we operate Operations primarily in India, with projects across Maharashtra, Gujarat, Uttar Pradesh, Rajasthan, Kerala, Telangana, Karnataka, and other states. |
Top products or what we offer Build-Operate-Transfer (BOT) highways, Toll-Operate-Transfer (TOT) assets, Hybrid Annuity Model (HAM) projects, highway construction and maintenance. |
Top brands Mumbai-Pune Expressway (largest TOT), multiple Toll Roads under IRB brand, prominent InvIT assets, Ganga Expressway project. |
Raw materials needed Construction materials including asphalt, cement, steel, aggregates, and engineering equipment primarily procured locally. |
Raw materials supplier Various local and regional suppliers for construction materials; partnerships for quality-assured inputs. |
Recurring vs cyclical contribution Revenue mix includes recurring toll collections and cyclical construction contracts; consistent toll revenue growth. |
Our industry position Leading integrated highway developer in India; strong project execution, financial strength, and asset management capabilities. |
Financial highlights FY 2024-25 consolidated revenue ₹8,031 crore; net profit ₹648 crore; strong EBITDA and exceptional gains bolstering profitability. |
Geographical revenue split Revenue derived from across multiple Indian states with key contributions from Maharashtra, Gujarat, Uttar Pradesh and Rajasthan. |
Order book Robust order book with ongoing BOT, HAM, and TOT projects including Ganga Expressway and Outer Ring Road projects. |
Whats driving growth Growth driven by government infrastructure investments, expanding toll operations, strategic InvIT monetization, and project execution excellence. |
Our future plans Focus on new HAM and BOT projects, Ganga Expressway, airport development at Sindhudurg, InvIT portfolio expansion and asset transfers. |
Our green promise Committed to sustainable construction practices, community development, health and safety, and reducing environmental impact across projects. |
Our people and values Employee-centric culture emphasizing diversity, continuous learning, health and safety, engagement, and inclusive teamwork. |
Key challenges ahead Addressing cyclical construction demand, regulatory changes, timely project execution, and managing financial leverage and risks. |
Interesting facts First Indian company to launch infrastructure investment trust (InvIT); operates India’s largest BOT road and high-value TOT portfolio. |
Risks and strategy Risk mitigation through diversified projects, prudent financial management, strategic asset monetization, and strong governance. |
