G V Krishna Reddy Biography, wiki, GVK Group, Profile, Net Worth, Indian Billionaire
Mr. G V Krishna is the Indian Businessman and a Forbes Billionaire. In 2010, Forbes has estimated his net worth US $ 1.0 Billion making him India’s Top 50 richest persons.
G V Krishna is the Chairman of GVK Group. GVK is a diversified business house. With a predominant focus on infrastructure - power, roads and urban infrastructure. The Company also have a significant position in services and manufacturing.
Farmer's son, got first break in uncle's construction business in Hyderabad. First project was to build a dam. Then started own construction venture. Left India to set up a factory to manufacture laminated particle boards in the U.S. Returned in 1992, attracted by opportunities to help build India's infrastructure. Moved into power, building India's first power plant in the private sector. Made news in 2006 by winning bid to modernize Mumbai airport, a project headed by son Sanjay. Also has interests in hotels in partnership with the Taj chain.
Personal Life & Education -
G V Krishna is married to Indira and has a daughter Shalini. Both his wife and daughter Indira and Shalini look after the hotel venture.
Reddy loves to play tennis in the every morning. He also sponsors Sania Mirza, Asia’s Top ranked tennis player.
G V Krishna is currently residing at Hyderabad, Andhra Pradesh, India.
He is graduated from Osmania University.
After completing his education he joined his family's construction business, involved in construction of dam, canals, etc. He was fortunate that he was one of the contractors for construction of the Nagarjuna Sagar and Srisailam projects. These projects were very complex in nature involving constructions of canals, under-tunnels, etc..The initial exposure to the complexities of the infrastructure projects has made him very passionate about them.
Being young and restless he was frustrated by the prevailing business environment in India especially the "license raj".
In 1991 when India started opening up and the government was inviting non resident Indians to return to India to set up business here. The then chief minister of Andhra Pradesh persuaded GVK to return and set up business in the state. He was successful in getting a gas based power project in the competitive bidding process, which later became one of the eight fast track projects which were being set up.