-Mr. Maheshwari to drive the growth agenda of Essel Infraprojects Limited’s largest portfolio- the road sector
-Appointment in the backdrop of Goldman Sachs funds infusion in Essel Highways displays company’s commitment to its roads business portfolio
-Essel aims to attract best the cross-domain talent
New Delhi, 14 September, 2016: Essel Infraprojects Limited, the country’s largest integrated player in road & transport sector and part of Dr Subhash Chandra led diversified Essel conglomerate, today announced the appointment of Mr. Krishna Prakash Maheshwari Chief Executive Officer of Essel Highways Limited.
Mr. Maheshwari will be leading the business development & operations strategy and initiatives for the road and transport businesses at Essel Infraprojects Ltd. His endeavor is to drive the growth agenda of the roads and transport segment of the company.
Welcoming Mr. Maheshwari on board, Essel Infraprojects Limited’s Chief Executive Officer Mr. Ashok Agarwal said, “Mr. Maheshwari’s joining the company, clearly highlights EIL’s commitment towards acquiring new talent across domain expertise. Mr. Maheshwari’s proficiency and vision will further enhance the capabilities of the company for conceptualising and executing the roads and transport projects in India.”
Commenting on his decision to join Essel Infra Mr. Maheshwari said, “the government’s renewed focus on infrastructure in general and road sector in particular will ensure exciting times ahead for professionals like me. The Government’s efforts to give fillip to infrastructure offers considerable growth potential for roads segment and at EIL our endeavour is to ensure that we work alongside with government to achieve its mission. Our focus remains on bringing change in the infrastructure sector by applying ground breaking efforts in driving complex and mega infrastructure projects through teamwork and immaculate planning.”
Mr. Maheshwari’s joining of Essel Group is significant in the backdrop of Essel Highways securing USD 85- mn debenture issuance from leading global investment bank, Golddman Sachs. The infusion of funds has strengthened Essel’s ability to grow its road project portfolio and allow for additional strategic acquisitions. The development further consolidates Essel’s position towards becoming the most valued infrastructure company in India.
Mr. Maheshwari has over two decades of experience across various verticals of the infrastructure sector. Prior to joining essel, Mr. Maheshwari was heading the Integrated Environment Infrastructure business of UPL Ltd. He has also donned various hats during this 12years stint with Reliance Infrastructure. He was the CEO of metro business and played a key role in the setting up of the first line of Mumbai Metro as well on the Delhi Airport Express.
Mr. Maheshwari began his career with IFCI, the first Development Finance Institution in the country and handled all aspects of Project Finance across a wide gamut of industries.
Mr Maheshwari holds a Bachelors of Engineering in Electronics and Communication from Birla Institute of Technology, Mesra, Ranchi followed with a Masters in Business Administration-Finance from Institute of Social Welfare & Business Management, Kolkata. His expertise in technology and sharp business acumen is ample testimony to his strong educational background.
About Essel Group
The Essel Group is among India's most prominent business houses with a diverse portfolio of assets in media, packaging, entertainment, technology-enabled services, infrastructure development and education.
The Group started business in 1926 with a modest commodity trading firm. Today, Essel Group of Companies is a vast conglomerate of Media, Technology, Entertainment, Packaging, Infrastructure, Education, Healthy Lifestyle & Wellness, Financial Services and Precious Metals with worldwide operations and a workforce of over 10,000 dedicated employees.
About Essel Infraprojects:
Essel Infraprojects Ltd (EIL) is the infrastructure arm of the Essel group, a 90 year old diversified conglomerate led by Dr Subhash Chandra. EIL is one of the fastest growing companies having diversified interests in infrastructure projects with 3 SBUs & 6 business verticals comprising of an order book value of USD 4.7 billion and a national footprint of more than 17 states and across 95 cities.
The Essel group ventured in infrastructure space in 2007 with an entry into the surface transport segment and today has presence in 3 strategic business units that includes Core Infra (Roads, Airport , Railways & Urban Development), Green Energy & Power Transmission (Solar, Hydro, Wind Energy and Power Transmission) and Smart Utilities (Utility Distribution and Environment). With its varied portfolio of projects and expertise across the infrastructure domain, EIL is India’s first and only Integrated Smart City Developer. The company aims to fulfill the smart city dream of India by creating integrated, inclusive & sustainable cities of tomorrow with green at its core focusing on transforming the quality of life of citizens.
EIL has been widely recognized and awarded by various prestigious industry bodies like Smart City Council of India, World CSR Congress, Golden Peacock Awards and IAMAI etc. for its innovative solutions, use of new technologies and excellence in projects.