Investors will know we are here for 44 yrs, like an Indian MNC: RITES CMD

IPOs increase the visibility of the company, investors were otherwise not looking at infrastructure companies like us, says Rajeev Mehrotra, RITES Chairman and Managing Director

With Indian Railway’s subsidiary RITES Ltd set for an initial public offer this month-end, the company is looking to expand its footprint from consulting business to power, renewable energy and station redevelopment. RITES Chairman and Managing Director Rajeev Mehrotra talks to Shine Jacob and Jyoti Mukul about the road ahead. Edited excerpts:

Why do you think that this initial public offering (IPO) is important for a company like RITES, especially since only the promoter is offloading equity and no fresh equity infusion is happening?

We are basically a consulting company doing several infrastructure projects including Railways, highways, airports and metros. Besides this,