GR Infraprojects

About GR Infraprojects

GR Infraprojects Limited is an integrated road engineering, procurement, and construction (EPC) company with a significant presence in India's infrastructure sector. The company's journey began in 1965 when founder Gumani Ram Agarwal, a grain merchant, started building roads in Rajasthan to connect his village. The business was formally incorporated as 'G. R. Agarwal Builders and Developers Limited' on December 22, 1995, and subsequently acquired the founder's partnership firm. In 2007, the name was changed to G R Infraprojects Limited to reflect its expanding capabilities. The founder's son, Vinod Kumar Agarwal, currently serves as the Managing Director, continuing the family's legacy.

Headquartered in Udaipur, Rajasthan, the company specializes in the design and construction of roads, highways, bridges, flyovers, and airport runways. Its business model is centered on civil construction through EPC contracts and developing projects on a Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) basis. The firm primarily serves government agencies, executing large-scale projects for entities like the National Highways Authority of India (NHAI). To support its operations, GR Infraprojects has an integrated model that includes in-house design and engineering teams and manufacturing units for materials like bitumen, thermoplastic paint, and metal crash barriers. The company has expanded its services into railways, metros, power transmission, and multi-modal logistic parks.

A significant milestone was the company's Initial Public Offering (IPO) in July 2021, which was oversubscribed by more than 100 times, indicating strong investor confidence. Prior to this, in 2011, it had raised capital from investors including Motilal Oswal Private Equity to increase its net worth for bidding on larger projects.