SKIL Infrastructure

About SKIL Infrastructure

SKIL Infrastructure Limited, founded in 1983 and promoted by first-generation entrepreneurs Nikhil and Bhavesh Gandhi, is an Indian company that pioneered the development of major infrastructure projects. The firm's core business involves identifying and conceptualizing high-growth, greenfield infrastructure opportunities, undertaking initial development, securing approvals, and implementing the projects through dedicated Special Purpose Vehicles (SPVs).

The company has a history of executing "first-of-its-kind" projects in India, often in partnership with strategic international and national entities. Notable achievements include the development of Pipavav, the country's first private-sector seaport, and the first private railway line under a public-private partnership (PPP) model, connecting the port to Surendranagar. Its portfolio spans a wide range of sectors, including seaports, logistics, railways, defense shipbuilding, offshore asset construction, Special Economic Zones (SEZs), and smart cities.

SKIL's business model is centered on conceptualizing projects, bearing the initial risks, and managing them through to implementation, often creating value through strategic divestments. A significant event in its history was the 2015 agreement to disinvest a substantial stake in Pipavav Defence and Offshore Engineering Company Limited (now Reliance Defence and Engineering Limited) to Reliance Defence Systems Private Limited. However, the company has faced significant financial challenges, including regulatory penalties from the Securities and Exchange Board of India (SEBI) in 2024 for financial misrepresentation and disclosure failures related to its FY19-20 statements. As of February 2024, the company was admitted into the corporate insolvency resolution process (CIRP) by the National Company Law Tribunal.