IRB Infrastructure Developers Ltd.Corporate OverviewAbout Us
IRB Infrastructure Developers Ltd. was incorporated to fund the capital requirements of the IRB Group initiatives in the infrastructure sector. The company undertakes development of various infrastructure projects in the road sector through several Special Purpose Vehicles. (Businesses of holding co. and its subsidiaries will be implemented under superintendence, direction and control of the board of holding company, with the objective of maximizing value for all stakeholders.)
The company, along with its subsidiaries has constructed or , operated and maintained around 1200 kms of road length so far and one of the major road developers in the country. The aggregate size of all our BOT projects (both completed and under execution) is around Rs. 33,000.00 million.
Our SubsidiariesIdeal Road Builders Pvt. Ltd
ATR Infrastructure Pvt. Ltd.
Aryan Toll Road Pvt. Ltd.
Mhaiskar Infrastructure Pvt. Ltd.
IDAA Infrastructure Pvt. Ltd.
NKT Road and Toll Pvt. Ltd.
IRB Infrastructure Pvt. Ltd.
MMK Toll Road Pvt. Ltd.
Modern Road Makers Pvt. Ltd.
Thane Ghodbunder Toll Road Pvt. Ltd.
Aryan Infrastructure Investments Pvt. Ltd.
Board of Directors
Mr. V. D. MhaiskarChairman & Managing Director
Mr. V. D. Mhaiskar, is the Chairman and Managing Director of the Company. He holds a diploma in civil engineering from Shriram Polytechnic, Navi Mumbai. As a Civil Engineer, he has hands on experience of more than 17 years in the construction and infrastructure industry to his credit. He is responsible for developing new business, executing road construction and BOT projects. He is providing overall vision and strategy to the Company.
Mr. D. P. MhaiskarDirector
Mr. D.P.Mhaiskar holds a diploma in civil engineering from Sir Kursowadia Institute of Electrical Technology, Pune. He has over 47 years of professional experience in construction and infrastructure industry. He is the founder of Ideal Road Builders Private Limited, now a subsidiary of IRB. He is the Chief Mentor of the Group. He is also the managing trustee for number of charitable trusts engaged in education, welfare and sports activities.
Mrs. D. V. MhaiskarDirector
Mrs. D.V.Mhaiskar is a graduate in Arts with major in Economics from L. D. Arts College, Ahmedabad, Gujarat. She is the Director of IRB since incorporation of the Company. She is looking after the administration of the Company.
Mr. S. G. KelkarDirector
Mr. S. G. Kelkar has a degree in commerce from H. A. Collage of Commerce, Ahmedabad. He is a Fellow Member of the Institute of Chartered Accountants of India. Mr. Kelkar has over 35 years of experience in accounts, finance and management functions. He retired from Arvind Mills (Laljibhai Group) as a Vice President.
Mr. G. G. DesaiDirector
Mr. Govind G. Desai, aged 74 years, holds a Bachelor’s degree in Arts (Economics & Politics) and a Master’s degree in law. Mr. Desai is a qualified solicitor and is a member of the Bombay Incorporated Law Society. He was a senior partner with Little & Co., and following his retirement, has started his own practice. Mr. Desai has over 46 years of experience in corporate and commercial law.
Mr. C. S. KaptanDirector
Mr. C.S. Kaptan , B.A., LL.B is a practicing Lawyer at Nagpur Bench of the Mumbai High Court since 1975 representing Government, Semi Government and Private Institution mostly in Constitutional and civil matters. He was the Senior Standing Counsel for Union of India during 2001 - 2003 at Nagpur Bench of the Mumbai High Court. Presently acting as Special Counsel and a Panel Counsel for the State of Maharashtra for High Court.
Mr. B. K. KhareDirector
Mr. B.K. Khare, B.Com, LL.B., is a Fellow Member of Institute of Chartered Accountants of India and Fellow Member of Institute of Company Secretary of India. He is a founder Senior Partner of M/s B.K. KHARE & CO. a reputed firm of Chartered Accountants; practicing Chartered Accountant for last four decades. He is specialized in the field of taxation, particularly corporate taxation, tax planning and financial management. He is a acclaimed commentator on Annual Budget proposal of Union Government for the last two decades
Mr. Berjis DesaiDirector
Mr. Berjis Desai, is a post graduate in Law from Cambridge University, UK. He has been practicing law since 1980. Lately, a founder partner of Udwadia, Udeshi and Bejis, Berjis is the Managing Partner of the Firm. He specializes in financial & securities law, structured finance, securitization and OTC derivatives as well as offshore investments. In addition he has extensive experience both as an arbitrator and counsel, in international commercial and domestic arbitrations. He was acting as an Arbitrator for The London Court of International Arbitration and ICC - India. He is a member of American Arbitration Association and the Bombay Incorporated Law Society.
Road ConstructionCompleted Projects
S.N. Name of the Project Client Length(in Kilometer) Year of Completion
1 Various Civil Works on Mumbai City on behalf of BMC Mumbai Municipal Corporation 10.00 1989-1995
2 Strengthening and resurfacing to the mail runway 14/32 at CA Nagpur Airport Authority of India 3.30 08.11.1995
3 Improvement to Akola - Hingoli Road from Km 3/00 to 99/00 Public Work Department ( Work Bank Aided Project) 114.00 31.05.1995
4 Improvement to Pune - Ahmadnagar Road S.H. Km 8/00 to 121/600 Public Work Department (Work Bank Aided Project) 96.00 30.11.1995
5 Improvement to Pune - Jalgaon Road 318/00 to 332/00 and Ajanta Caves Road 0/00 to 4/00 SH 182 Public Work Department, Maharashtra 18.00 31.12.1997
6 Construction of two lane ring road around Nagpur city from Katol Road to Amravati Road Public Work Department, Maharashtra 4.66 31.03.1999
7 Improvement to Malegaon - Mehkar Road SHW 207 Km 0/00 to 45/00 Public Work Department, Maharashtra 45.00 10.07.2000
8 Improvement of Balapur - Patur Road from Km 17/400 to 27/00 (SH 198 ) & from Km 274/500 to 276/960 of NH.61 Public Work Department, Maharashtra 12.46 29.03.1999
9 Widening to 4 lanes and strengthening of existing 2 lane of Ratanpur to Himmatnagar section of NH-8 ( Package - UG III ) FROM Km 388/400 to 443/000 National Highways Authority of India 54.60 23.01.2004
10 Maintenance and Rehabilitation work of Chiloda - Naroda section from 495/00 to Km 507/700, Ahmedabad Bypass from Km 0/00 to 13/200 and Ahmedabad Vadodara Section from Km 6/400 to 130/00 of NH - 8 in the state of Gujarat - ( Package - I ) National Highways Authority of India 123.60 31.08.2005
11 Maintenance and Rehabilitation work of Vadodara - Surat Section of NH-8 in the state of Guajarat - ( Package - II ) National Highways Authority of India 133.40 31.12.2005
12 Short term improvement and Routine maintenance of four lanned National Highway Section of NH-8 - Manor Bassein Creek - Dahisar ( Km 439/00 to Km 502 /00) Package - III National Highways Authority of India 63.00 Feb-06
13 Short term improvement and Routine maintenance of four lanned National Highway Bangalore - Neelamangala Section ( Km 10/00 to 29/500) on NH-4 and Bangalore - Hosur Section ( Km 8/00 to 33/015) Package - IV National Highways Authority of India 44.52 Feb-05
14 Improvement of Ahmedabad - Vadodara Section of NH-8 (Km 6/400 to Km 104/00 Ahmedabad Vadodara Expressway Co . Ltd ( a wholly subsidiary of National Highways Authority of India ) 97.60 23.04.2007
15 Construction new bridge on Muthekar Nala at Dronagiri Node CIDCO Ltd 54.00 Mtrs 31.01.2007
Ongoing ProjectsS. N. Name of the Project Estimated Cost (Rs. in Million)
1 Nagpur - Hyderabad - NS -61 1152.362 Nagpur - Hyderabad - NS - 59 1170.003 BRTS - Package - I 1255.554 BRTS - Package - IV 783.57
BOT PROJECTS
Under Construction
S. N. Name of the Project Estimated Capitalized Cost(Rs. in Million) Name of Subsidiary1. Bharuch - Surat BOT Project 14091.00 IDAA Infrastructure Private Limited
Operational
S. N. Name of the Project Capitalized Cost (Rs. in Million) Name of Subsidiary1 Thane Bhiwandi Bypass 4 Lane Project (Phase I & II) 1040.00 Ideal Road Builders Private Limited
2 Bhiwandi Wada BOT Project 94.50 Ideal Road Builders Private Limited
3 Kaman Paygon BOT Project 144.00 Ideal Road Builders Private Limited
4 Khambatki Ghat BOT Project 450.00 Ideal Road Builders Private Limited
5 Kharpada Bridge BOT Project 320.00 IRB Infrastructure Private Limited
6 Nagar - Karmala - Tembhurni BOT Project 368.00 NKT Road & Toll Private Limited
7 Mohol - Kurul - Mandrup Kamti BOT Project 180.00 MMK Toll Road Private Limited
8 Pune- Solapur BOT Project 630.00 Aryan Toll Road Private Limited
9 Pune - Nashik BOT Project 737.04 ATR Infrastructure Private Limited
10 Mumbai - Pune BOT Project 13016.40 Mhaiskar Infrastructure Private Limited
11 Thane Ghodbunder BOT Project 2462.76 Thane Ghodbunder Toll Road Private Limited
EquipmentsThe company is fully equipped with an entire inventory of state-of-the-art road construction machinery. An inventory large enough to undertake at least 7 projects simultaneously.
CONSTRUCTION EQUIPMENT OWNED BY THE GROUP Equipments QuantityVibratory Rollers (Soil Compactor) 14 Nos.Vibratory Tandem Rollers (Asphalt Compactor) 25 Nos.Static Rollers 2 Nos.Pneumatic Tyre Rollers 6 Nos.Sensor Pavers (9.om width) 4 Nos.Sensor Pavers 12 Nos.Front End Rollers 13 Nos.Skid Steel Loaders (with milling and sweeping attachment) 2 Nos.JCB/Excavator Loaders 17 Nos.Dumpers (10 Tones) 40 Nos.Dumpers (25 Tones) 155 Nos.Concrete Mixers (15 m3/hr.capacity) 2 Nos.Kerb Laying Machine 6 Nos.Cranes 3 Nos.Excavators 10 Nos.Graders 6 Nos.Bulldozers 2 Nos.DG Sets 63 Nos.Light source 5 Nos.Transit Mixer 14 Nos.
PLANT OWNED BY THE GROUP Equipments Quantity
Asphalt Hot Mix (Batch Mix Type) 10 Nos.Asphalt Hot Mix (Drum Mix Type) 2 Nos.Stone Crushers Units 8 Nos.Concrete Batch Mix Plant 4 Nos.Wet Mix Plant 3 Nos.
CareersHR Initiatives
EMPLOYEES BENEFITS
Leave. All permanent employees are entitled for 25 days of paid leave in a calendar year. Leave not availed at the end of the year will be en-cashed Gross salary of the employee will be taken in account for the purpose of en-cashing of the leave.
Provident fund. From day one of joining to employees on 50% of gross salary as per the provision of Provident Fund Rules.
Gratuity. All permanent employees are entitled to the benefit of Gratuity as per the Gratuity Act i.e. half months of salary (Basic salary) for each completed year of service. Minimum service eligibility 5 years of continuous employment with the company.
Bonus. One Month’s gross salary as Bonus once in year during the time of Diwali.
Project Incentive. On completion of project, subject to timely completion and profitability of the project, ad-hoc on discretion of the management.
Soft Loans on nominal interest / Advances to employees for meeting expenses for personal emergencies, medical treatment, purchases etc
Medical Leave / Re-imbursement. Leave of absence on medical advice with full/partial /no pay and full / partial reimbursement of cost of medical treatment incurred by the employee or ex-gratia grant for medical treatment for employees and their families on the discretion of the management on case to case basis.
Furniture Purchase Grant. Once during the term of employment with the company as per grades.
Leave for Self Marriage. 15 days of paid leave in addition to annual leave entitlement to an employee once during employment with the company.
Maternity Leave. 12 weeks of paid leave to married permanent female employees of the company twice during their term of employment with the company.
4 weeks of paid leave for married permanent female employees of the company in case of abortion or medical termination of pregnancy.
Uniform. 2 pairs of Uniform (Shirt and Trousers), one pair of leather shoes to non –executive staff once every year.
Relocation Assistance: Reimbursement of actual expenses incurred on travel and transfer of household goods by road , in case of transfer from one project to another as per requirement of the company.
Current Openings
S. N. Position No. of Vacancies Required Qualifications Minimum Experience Preferred1 Material Engineer 1 B.E.(Civil) 10 years Experience in NHAI BOT Projects
2 Bridge Engineer 1 B.E.(Civil) 15 years Experience in NHAI BOT Projects
3 Project manager 1 B.E.(Civil) 15 years Experience in NHAI BOT Projects
4 Accounts/Audit Officers 6 B.Com./Inter C.A. 5 years Experience in Computerised Accounting and Tally
5 Executive Assistant 1 Graduate/MBA 5 years Knowledge of Stenography and Computers
6 Purchase Officer 5 B.E.(Civil)/ Graduate 5 years Experience of Purchase in Construction Companies
News & EventsHistory and Major Events : The chronology of key events since the inception of the IRB Group is as follows:
Year Key Events, Milestones and Major Achievements1977 Ideal Road Builders Private Limited (IRBPL) incorporated – as private Limited Company1977 to 1995 Execution of Various Construction Contracts in the Road Sector including World Bank Aided Projects from time to time as an EPC contractorSep 1995 First venture in BOT Project - Signing of Concession Agreement of Thane Bhiwandi Bypass Phase I - First BOT Project of the Country.June 1997 Completion of Thane Bhiwandi Phase INov 1997 Signing of Concession Agreement of Kharpada BOT Project – Bridge over River PatalgangaJan 1998 Signing of Concession Agreement of Wada Bhiwandi BOT ProjectJuly 1998 IRB Infrastructure Developers Limited - Holding company incorporatedSept 1998 Signing of Concession Agreement of Thane Bhiwandi Bypass Phase II Nov 1998 Signing of Concession Agreement of Khambatki Ghat BOT ProjectDec 1998 Signing of Concession Agreement of Kaman Paygaon BOT ProjectJuly 1998 IRB Infrastructure Developers Limited - Holding company incorporatedFeb 1999 Completion of Wada Bhiwandi BOT ProjectJuly 1999 Completion of Kharpada Project - Bridge over River PatalgangaMar 2000 Completion of Kaman Paygoan BOT ProjectAug 2000 Completion of Khambatki Ghat BOT ProjectJan 2001 Signing of Joint Venture with Mudajaya Corporation of Malaysia for NHAI Funded Contract for Ratanpur to Himmatnagar Section of NH 8 for 54 kms Jan 2001 Signing of EPC Funded Contract for Ratanpur to Himmatnagar Section of NH 8 for 54 kms with NHAI under Prime Ministers’ Golden Quadrilateral SchemeNov 2001 Signing of Concession Agreement of Nagar Karmala Temburni Road BOT Project
May 2002 Signing of O & M & Rehabilitation Work Contract with NHAI for Chiloda Naroda Section, Ahmedabad Bypass and Ahmedabad –Vadodara Section of NH8 in Gujarat StateMay 2002 Signing of O & M & Rehabilitation Work Contract with NHAI for Vadodara -Surat Section of NH8May 2002 Signing of Concession Agreement of MMK BOT ProjectFeb 2003 Signing of Concession Agreement of Pune Solapur BOT ProjectDec 2003 Completion of Thane Bhiwandi Bypass BOT Project - Phase IIAug 2003 Completion of Nagar Karmala Temburni Road BOT ProjectAug 2003 Signing of Concession Agreement of Pune Nashik BOT ProjectJan 2004 Completion of EPC Funded Contract of Ratanpur Himmatnagar Section of NH 8 for 54 kms with NHAI under Prime Ministers’ Golden Qadrilateral SchemeMay 2004 Emerged as highest bidder for Mumbai Pune BOT Project – Paid upfront payment of Rs 9180.00 million to MSRDC for concession of 15 yearsAug 2004 Signing of Concession Agreement & Completed Financial closure of Mumbai Pune BOT in record time of 4 months with one of the largest debt tie up of Rs 11870.00 million in the country.Aug 2004 Construction of NH 4 and Toll Collection Commenced of Mumbai Pune BOT Project Expressway as BOT operatorDec 2004 Completion of Pune Solapur BOT ProjectApr 2005 Commencement of O & M on Mumbai Pune Expressway as BOT operatorJuly 2005 Signing of Contracts of Four Laning of Nagpur Hyderabad Section of NH7 Package No 59 & 61 of NHAI. Funded EPC Works Nov 2005 Emerged as the Highest Bidder for Thane Ghodbunder Road BOT Project. Paid negative grant of Rs.1404.00 million to MSRDC for Concession rights for 15 YearsDec 2005 Completion of Pune Nashik BOT ProjectDec 2005 First venture in BOT Project - Signing of Concession Agreement of Thane Bhiwandi Bypass Phase I - First BOT Project of the Country.July 2006 Signing of Concession Agreement of Bharuch Surat BOT ProjectSept 2006 Toll Collection commences on Mumbai Pune NH 4
Nov 2006 Achieved Financial Closure of Bharuch Surat Project with one of the largest Debt tie up for single BOT Project of Rs. 12100.00 million in a record timeDec 2006 Emerged as highest Bidder to Bharuch Surat BOT Project Offering largest ever negative grant to NHAI of Rs.5040.00 Million Jan 2007 Executred Memorandum of Understanding to form Consortium with Deutsche Bank AG, Singapore to jointly pre qualify for 8 Packages of Four to six laning under NHDP V -Estimated total Project cost of Rs 81200.00 MillionFeb 2007 Bagged the Funded contract from Ahmedabad Municipal Corporation for construction of Janmarg (Bus Rapid Transport System Project) from Narol Circle to Naroda Patiya in Ahmedabad – total order size Rs. 1255.55 MiillionJune 2007 Bagged the Funded contract from Ahmedabad Municipal Corporation for construction of Janmarg (Bus Rapid Transport System Project) from Pirana – Danilimda – Maninagar – Naorl in Ahmedabad – total order size Rs. 783.57 Million
IRB Infra to list on bourses on MondayIRB Infrastructure Developers Ltd, which raised about Rs 944 crore through its IPO last month, will list on the bourses on Monday.
The company has fixed the issue price at the lower end of price band of Rs 185-220. IRB Infrastructure offered 5.1 crore equity shares through the IPO, constituting 15.36 per cent of its fully diluted post issue paid-up capital. The issue got subscribed by over four times.
The company has received an order from the National Highway Development Project (NHDP) for developing the 239 km Surat-Dahisar section of NHDP-Phase V.
The project would involve a capex of over Rs 2,600 crore and operation and management cost of around Rs 1,200 crore.
The order book position of IRB Infrastructure has doubled to over Rs 5,000 crore with the contract. As of June 30, 2007, the company had an order book position of Rs 2,386 crore.
The company is already implementing projects totalling 414 km as it has bagged concessions for Mumbai-Pune Expressway (110 km) and Surat- Bharuch section (65 km).
