IRB Infrastructure Developers Ltd was incorporated as a private limited company, 'DVJ Leasing and Finance Private Limited' on July 27, 1998 under the Companies Act. The name of the Company was changed to “IRB Infrastructure Developers Private Limited” pursuant to a special resolution of the shareholders of the Company at an EGM held on October 30, 2006. The fresh certificate of incorporation consequent upon the change of name was granted by the RoC on November 8, 2006. Subsequently, pursuant to a special resolution of the shareholders of the Company at an EGM held on November 25, 2006, the Company became a public limited company and the word “private” was deleted from its name. The promoters of the company are Virendra D Mhaiskar; Deepali V. Mhaiskar; and Virendra D Mhaiskar (HUF)
IRB Infrastructure Developers Ltd. was incorporated to fund the capital requirements of the IRB Group initiatives in the infrastructure sector. Although the company was incorporated as a leasing and financing company, it did not undertake any leasing business. In the past, the company has carried on certain maintenance operations for road projects constructed by other entities in the IRB Group.
In 2005, the company was granted the Bharuch–Surat BOT project. Subsequently, pursuant to the restructuring of the IRB Group in the fiscal year 2007, the company became the holding company of the IRB Group.
The company undertakes development of various infrastructure projects in the road sector through several special purpose vehicles. The company, along with its subsidiaries has constructed or, operated and maintained around 1200 km of road length so far and one of the major road developers in the country.
Some of its completed projects are-
Divisions of the company:
Subsidiaries of the company are:
Milestones of the company
CNBC TV 18 India Business Leader Awards acknowledges Shri Virendra D. Mhaiskar as the “Young Turk of the Year” -2010
IRB Infrastructure Developers Ltd. has won the CNBC TV 18 Essar Steel Infrastructure Excellence Award in the Highways & Flyovers category for Mumbai-Pune section of NH-4 on 25th March 2009.