The GVK is a diversified business house with interests in a range of businesses including power, roads, urban infrastructure, bio-science, hotels and manufacturing. GVK has promoted or has equity investments in TAJGVK Hotels and Resorts Limited, Novopan Indistries Limited, GVK Biosciences Private Limited, GVK Jaipur-Kishangarh Expressway Private Limited. In recent years the Promoters through our Promoter Group Companies have increasingly focused on the power and infrastructure sector. G.V. Krishna Reddy, the Chairman & Managing Director of GVKPIL, is a first generation entrepreneur who established the business four decades ago. The Company was incorporated in the National Capital Territory of Delhi on December 2, 1994 as Jegurupadu Operating & Maintenance Company, a private company with unlimited liability, under the Companies Act, 1956. The Company was converted from a company with unlimited liability to a company with limited liability and consequently the name was changed to Jegurupadu Operating & Maintenance Company Private Limited on April 20, 2005. Subsequently, our Company was converted from a private limited company to a public limited company on May 19, 2005 and the name was changed to Jegurupadu Operating & Maintenance Company Limited. Thereafter, the name of the Company was changed to GVK Power & Infrastructure Limited on July 13, 2005. The Company is the holding company of the power businesses of the GVK and provides operations and maintenance services to its power assets. It has an equity stake in GVK companies engaged in the generation of electricity in the State of Andhra Pradesh, namely GIL, the company's Subsidiary, and GPL, Associate Company. It also the O&M Contractor for the power plants of GIL and GPL. GVKPIL was originally promoted by our Promoters and CMS Energy, USA. CMS Energy, USA contributed 60% of the equity capital through JOMC, Mauritius and the balance was contributed by the Promoters through Triumph International.. In February 2005, GVK Reddy and his family bought the entire stake of Triumph International and JOMC, Mauritius. GIL was originally promoted in 1992 by the GVK and CMS (USA). The Asian Infrastructure Fund (through Golden Palm Limited and Vintage Investments Limited) subscribed to 29.75% of the equity share capital of GIL in 1993. In September 1995, pursuant to an equity investment of 10%, as well as a loan to GIL, by IFC, the then shareholders of GIL executed a shareholders agreement to set out their inter-se rights and duties as regards GIL. GPL was originally incorporated by Satyam Constructions Private Limited (name subsequently changed to Maytas Infra Private Limited) in 1996. Subsequently, IJM Corporation Berhard (Malayasia) joined as strategic equity partner. In 2000 NCC Power Corporation Limited, another IPP based in Andhra Pradesh, merged with Gautami Power Private Limited through a Scheme of Amalgamation. As a result of the merger the shareholders of GPL were Maytas Infra Private Limited along with their affiliates, IJM Corporation Berhard (Malayasia) through its subsidiary and NCC Power Corporation Limited. In July 2003, the Promoters through GVK Energy Holdings Private Limited (originally GVK Power Private Limited) took over the Company as a strategic equity partner and assumed the responsibility of implementing the power project and also contributed to the equity of the project, and executed an agreement in July 2003. Currently, equity contribution to the extent of 38.38% to the paid up equity of GPL has been made by GVKPIL, which is proposed to be increased to 51% through the infusion of part of the IPO proceeds. The other equity share holdings of Maytas, IJM and NCC are 17.71%, 25.09% and 18.82%, respectively. See "History and Certain Corporate Matters- Gautami Power Limited- Agreement among the shareholders of the GPL" on page [*] of this Draft Red Herring Prospectus for further details. The Company has tied up the entire financial assistance of Rs.10,150 million (constituting 70% of the project cost of Rs 14,500 million) from various lenders, lead by Power Finance Corporation Limited (PFC). As a part of the security mechanism Maytas, IJM, NCC and GVKPPL and their respective affiliates were required to pledge 51% of their respective shareholding on the current paid up capital of the GPL with PFC. Accordingly, GVK Energy Holdings Private Limited and Transoceanic Projects Limited, Mauritius (affiliates of GVKPPL) have pledged 51% of their holding in GPL with PFC. In October 2005 GVKPIL acquired GVKPPL and Transoceanic Projects Limited's equity stake in GPL. Accordingly, 51% of the equity shares in GPL now held by GVKPIL continue to remain pledged with PFC. 2006 -GVK to join hands for ultra mega projects 2007 - GVK Power & Infrastructure Ltd has appointed Mr. Sanjay Narayen (IAS) as an Additional Director. -GVK Power signs MoU with Govt of Tamil Nadu to set up SEZ -GVK Power & Infrastructure Ltd has informed that Mumbai International Airport Pvt Ltd an associate Company of GVK Power & Infrastructure Ltd, has signed EPC Agreement on November 01, 2007 with L&T. 2008 -GVK Power & Infrastructure Ltd has informed that name of the Company's wholly owned subsidiary i.e. GVK Energy Ltd has been changed to GVK Oil & Gas Ltd. -GVK Power & Infrastructure Ltd has appointed Mr. A Issac George, Chief Financial Officer as Additional Director of the Company and also subject to approval of the shareholders and the Central Government, if any, as Director (Finance) for a period of 3 years with effect from April 01, 2008. - GVK Power & Infrastructure Ltd has purchased the full equity share capital of GVK Energy Pvt Ltd and GVK Developmental Projects Pvt Ltd on May 9. As a result, these two companies have become wholly owned subsidiaries of the company. - The Company has splits its face value from Rs10/- to Rs1/-. 2009 - GVK Power & Infrastructure Ltd has appointed Mr. Krishna Ram Bhupal as an Alternate Director to Mr. Somanadri Bhupal at the Board Meeting of the Company held on April 29, 2009. -GVK Power - Acquisition of Shares in Bangalore International Airport Ltd. (BIAL) 2010 - GVK Power and Infrastructure Ltd. has said that it has awarded Rs. 3,200 crore construction contract. The project was for its 800 Mw of gas-based power project to a consortium of South Korea's Hyundai Engineering and Larsen & Toubro (L&T). 2011 -GVK Power signs 2 MoUs with Govt. of Indonesia. 2012 -GVK Power & Infra gets recognition at Asia Mining Congress in Singapore -GVK Power & Infra gets environmental approval for Alpha coal and Rail project in Australia. -GVK Power and Infrastructure signs Operations & Management contract with Indonesian airport. 2013 -"GVKs starts second coal mine project in Australia (Kevins Corner) gets environmental approval". -GVK Hancock Coal And Thiess Sign Alpha Coal Mine Operations. -GVK inks agreement with Aurizon to develop Galilee Basin rail and port infrastructure. -GVK CSIA awarded `Best Airport' Honour by ACAAI and Kale Logistics. -GVK wins Skoch Award 2013 in Health category. 2014 -GVK Hancock secures environmental clearance for its Alpha. -GVK's new iconic Terminal 2 inaugurated at CSIA to set new global benchmarks. -GVK BIO Announces Successful Completion of Drug Repurposing Efforts to Identify Novel Indications 2015 -GVK Power & Infrastructure Ltd Developments in Transportation Business -GVK EMRI gets GOLD Recognition Award -Supreme Court supports Alpha Coal Project Environmental Approvals -GVK EMRI completes ten years of successful operations across India 2016 -GVK Power & Infrastructure- "Developments in Energy business". -GVK Power & Infrastructure - "Developments in Airport business". 2018 -GVK Power and Infrastructure has signed a concession agreement with Cidco to create a special purpose vehicle.