GMR Infrastructure Limited - BSE

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. Board Meetings: Six Board Meetings were held during the financial year ended March 31, 2011. These meetings were held on April 9, 2010, May 24, 2010, August 7, 2010, November 9, 2010, February 9, 2011 and March 30, 2011. The maximum gap between two meetings was 93 days. c. Directors’ Attendance Record: The attendance of Directors at the Board meetings held during the financial year ended March 31, 2011 and at the previous Annual General Meeting was as under: Name of the Directors Board Meetings during the period April 1, 2010 to March 31, 2011 Held Attended # Whether present at the Previous AGM held on August 27, 2010 Mr. G. M. Rao 6 5 Yes Mr. Srinivas Bommidala 6 4 Yes Mr. G. B. S. Raju 6 4 Yes Mr. Kiran Kumar Grandhi 6 2 No Mr. B. V. Nageswara Rao 6 3 Yes Mr. O. Bangaru Raju 6 6 Yes Mr. Arun K. Thiagarajan 6 4 Yes Mr. K. R. Ramamoorthy 6 5 Yes Dr. Prakash G Apte 6 6 No Mr. R.S.S.L.N. Bhaskarudu 6 5 Yes Mr. Udaya Holla 6 2 No Mr. Uday M. Chitale 6 5 Yes # Attendance includes participation through video conference d. Profile of Directors being appointed in the ensuing Annual General Meeting to be held on September 2, 2011. Mr. O. Bangaru Raju, 55, Director, has been on the Board since October, 2007. He has 27 years of diverse experience having held key positions in finance and infrastructure businesses. He is a Chartered Accountant and has been associated with GMR Group’s business activities since 1991. He has also held various senior positions and has been actively involved in the Road Sector. Presently he is the Managing Director of GMR Tambaram - Tindivanam Expressways Private Limited and GMR Highways Limited and is part of the Senior Leadership Team. He holds 45,000 equity shares of the Company as at March 31, 2011. Details of Mr. O. Bangaru Raju’s directorships and committee memberships are as follows: Name of the Company (Directorship) GMR Infrastructure Limited GMR Tambaram Tindivanam Expressways Private Limited GMR Ulundurpet Expressways Private Limited GMR Ambala Chandigarh Expressways Private Limited GMR Jadcherla Expressways Private Limited GMR Pochanpalli Expressways Ltd. GMR Highways Ltd. Delhi International Airport Private Limited # Delhi Aerotropolis Private Limited GMR Tuni Anakapalli Expressways Private Limited GMR Hyderabad Vijayawada Expressways Private Limited GMR Chennai Outer Ring Road Private Limited Committee Chairmanship / Memberships Nil Member – Audit Committee Member – Audit Committee Chairman – Remuneration Committee Chairman – Security Issue Allotment and Transfers Committee Member – Audit Committee Chairman – Remuneration Committee Chairman – Project Management Committee Member – Security Issue Allotment and Transfers Committee Member – Audit Committee Chairman – Remuneration Committee Chairman – Security Issue Allotment and Transfers Committee Member – Audit Committee Chairman – Remuneration Committee Chairman – Security Issue Allotment and Transfers Committee Member – Audit Committee Member – Remuneration Committee Member – Security Issue Allotment and Transfers Committee Alternate Member – Audit Committee Nil Limak-GMR Adi-Oratakli (Limak-GMR Joint Venture)* Nil * Company Incorporated outside India # Alternate Directorship and Membership Member – Audit Committee Member – Audit Committee Chairman – Remuneration Committee Chairman – Security Issue Allotment and Transfers Committee Chairman – Project Management Committee Member – Audit Committee Member – Remuneration Committee Member – Security Issue Allotment and Transfers Committee Chairman – Project Management Committee 28 | GMR Infrastructure Limited | 15 th Annual Report 2010-11
Mr. R.S.S.L.N. Bhaskarudu, 71, Director, has been on the Company’s Board since September 2005. He is also on the Boards of DIAL and GHIAL, subsidiaries of the Company. He is a graduate Electrical Engineer from the College of Engineering, Andhra University. He has over 48 years of experience with proven track record in management and leadership positions. He served more than two decades at Bharat Heavy Electricals Limited (BHEL). During his tenure in BHEL, he was involved in the development and production of turbine generator sets, including auxiliaries all over the country. He also worked for over 16 years with Maruti Udyog Limited (MUL) since its inception and has served as its Managing Director. He also served as a Member / Chairman of the Public Enterprises Selection Board of the Government of India. He is also on the Boards of several other companies. He holds Nil equity shares of the Company as on March 31, 2011. Details of Mr. R. S. S. L. N. Bhaskarudu’s directorships and committee memberships are as follows: Name of the Company (Directorship) GMR Infrastructure Limited Haryana Aban Power Company Limited Global Vectra Helicorp Limited Murari Power Generation India Private Limited Fatpipe Networks India Limited Delhi International Airport Private Limited GMR Hyderabad International Airport Limited GMR Upper Karnali Hydro Power Limited* GMR Male International Airport Private Limited* * Company Incorporated outside India Committee Chairmanship / Memberships Member – Audit Committee Member – Corporate Governance Committee Nil Chairman – Audit Committee Member – Investor Grievance Committee Nil Chairman – Audit Committee Chairman – Remuneration Committee Member – Corporate Grievances Committee Member – Audit Committee Chairman – Audit Committee Member – Audit Committee Chairman – Audit Committee Dr. Prakash G. Apte, 64, Director, has been on the Company’s Board since September 2005. He holds a doctorate degree in Economics from the Columbia University. He also holds a post graduate diploma in management from the Indian Institute of Management, Kolkata and B.Tech. (Mechanical Engineering) from the Indian Institute of Technology, Mumbai. Currently, he is a UTI Chair Professor at the Indian Institute of Management, Bengaluru. He taught Economics at the Vassar College, Poughkeepsie, the US and Columbia University. He was a consultant at Edison Electric Institute, New York and a Project Manager at Centron Industrial Alliance, Mumbai. He has published four books and several articles in academic journals and professional media. He has served on expert committees appointed by NSE and SEBI and is a consultant to several leading organisations in Government, public and private sectors. He has also been a visiting faculty at the Katholieke Universiteit Leuven, Belgium. He is also on the Boards of other companies. He holds 30000 equity shares of the Company as on March 31, 2011. Details of Dr. Prakash G. Apte’s directorships and committee memberships are as follows: Name of the Company (Directorship) GMR Infrastructure Limited UTI Trustee Company Private Limited Multi Commodity Exchange of India Limited National Securities Depository Limited Committee Chairmanship / Memberships Member – Corporate Governance Committee Member – Remuneration Committee Member - Audit Committee Nil Member – Audit Committee Member – Compensation Committee Mr. Kiran Kumar Grandhi, 36, Group Director, is the younger son of Mr. G.M. Rao and has been on the Company’s Board since 1999. He completed his bachelor’s degree in commerce from Badruka College, Hyderabad, Osmania University in 1996. He was involved in the airports business and is currently the Managing Director of GHIAL and DIAL. He led the implementation of the airport project at Hyderabad. He is also responsible for the development of new business in the airports sector. Before taking up his position at GHIAL, he headed the GMR Group’s finance function and the shared services. Currently, he is heading airports business development and aviation SEZs business. He holds 671660 equity shares of the Company as at March 31, 2011. Details of Mr. Kiran Kumar Grandhi’s directorships and committee memberships are as follows: Name of the Company (Directorship) GMR Infrastructure Limited GMR Hyderabad International Airport Limited GMR Tuni - Anakapalli Expressways Private Limited Committee Chairmanship / Memberships Member – Management Committee Chairman – Finance Committee Member – Share Allotment and Transfer Committee GMR Infrastructure Limited | 15 th Annual Report 2010-11 | 29
Page 1 and 2: Creating a sustainable enterprise..
Page 3 and 4: Creating a sustainable enterprise
Page 5 and 6: Values and Beliefs ”The GMR Group
Page 7 and 8: • y We also won the International
Page 9 and 10: Highlights of 2010-11 Consolidated
Page 11 and 12: GMR Group “Persons constituting g
Page 13 and 14: GMR Group “Persons constituting g
Page 15 and 16: The gross revenue of your Company o
Page 17 and 18: Highways Your Company operates the
Page 19 and 20: 1. That in the preparation of the a
Page 21 and 22: Annexure ‘A’ to the Directors
Page 23 and 24: Annexure ‘B’ to the Directors'
Page 29: Report on Corporate Governance Comp
Page 33 and 34: iii. The details of significant tra
Page 35 and 36: 4. Shareholders’ Transfer and Gri
Page 37 and 38: . Extra Ordinary General Meetings V
Page 39 and 40: h. Share Transfer procedure: The sh
Page 41 and 42: The voting rights on the shares out
Page 43 and 44: Secretarial Audit Report The Board
Page 45 and 46: Management Discussion and Analysis
Page 47 and 48: Revenue Mix 19% Global Econ
Page 49 and 50: Keeping with the growth of Air Pass
Page 51 and 52: study, land for the right of way an
Page 53 and 54: to Indore, Bhopal (1 flight each as
Page 55 and 56: Vijayawada toll road on NH-9. The p
Page 57 and 58: The company has also acquired major
Page 59 and 60: . Capital Reserve (Government Grant
Page 61 and 62: (Rs. in Crore) Particulars March 31
Page 63 and 64: There is a healthy distribution of
Page 65 and 66: Sector Current Tax Def tax March 20
Page 67 and 68: The company’s ERM Framework is as
Page 69 and 70: Developments in Human Resources and
Page 71 and 72: 6. Based on our audit, consideratio
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Consolidated Cash flow statement fo
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Annexure to Auditors’ Report Anne
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Balance Sheet as at March 31, 2011
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Schedules forming part of Balance S
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Cash flow statement for the year en
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GMR Infrastructure Limited Regd. Of
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8. Members holding shares in physic
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GMR Infrastructure Limited Regd. Of
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Printed at Manipal Press Ltd. If un
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GMR Infrastructure Limited - BSE

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