G. M. Rao’s profile picture

G. M. Rao

G. M. Rao’s profile picture
Net worth 2018: $1.1 Billion
Industry: Logistics
Country: India
Children: 3
Education: Bachelor of Arts / Science, Andhra University
BIOGRAPHY

G. M. Rao was born in India. In keeping with what it calls its "asset-light, asset-right" strategy, G.M.Rao's GMR Group, which operates the country's busiest airport in Delhi, has continued selling assets to reduce its $6.1 billion debt load. In April GMR Infrastructure, run by youngest son, Kiran Kumar Grandhi, sold its 40% stake in Istanbul's Sabiha Gocken airport for $285 million to partner Malaysia Airports Holding. The same month it won a 25-year concession from the Philippines to expand the Mactan-Cebu International airport after it made a $320 million joint bid with Megawide Construction. GMR recently signed a $1.4 billion deal with Nepal's Investment Board to build a hydropower project.

NET WORTH STATISTIC
2010

$3.2 Billion

2011

$2.6 Billion

2012

$1.9 Billion

2013

$1.1 Billion

2018

$1.1 Billion

TIMELINE
1965

Certainly, the examples the author drove were equal to this and it seemed disappointing when the 61-05 model was discontinued in favour of the Powerglide in 1965

1964

Bonneville and StarChief continued to use the 4 speed dual coupling called Super HydraMatic until the end of the 1964 model run

1963

In previous Pontiacs including 1963 models with column shift the shift quadrant read 'DR' which refers back to the old Dual Range nomenclature which means drive left is fourth range and drive right is 3rd range

1961

The smaller 61-05 as fitted to the Vauxhall Cresta was dubbed the "smoothamatic from Luton" in Cars Illustrated in Feb 1961 being quite taken with the overall refinement with the test car, also noting that full throttle starts could be made on slushy roads, perhaps giving away the rather tall 1st gear and minimal torque conversion

1960

The magazine The Motor, Dec 1960, also praised the high standard of smoothness with very lively performance

1950

50 to one as a first gear, and when road speed and the two coupling halves speed match, it counts the same gear with fluid now passing straight through the stator as 2nd gear at 2

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