July 25, 2014 2:40 PM ET

Transportation Infrastructure

Company Overview of Kempegowda International Airport Limited

Company Overview

Kempegowda International Airport Limited owns and operates an airport. The company was formerly known as Bangalore International Airport Limited and changed its name to Kempegowda International Airport Limited in December 2013. Kempegowda International Airport Limited was incorporated in 2001 and is based in Bengaluru, India.

Administration block

Kempegowda International Airport Bengaluru

Devanahalli

Bengaluru,  560300

India

Founded in 2001

Phone:

91 80 6678 2425

Fax:

91 80 6678 3366

Key Executives for Kempegowda International Airport Limited

Managing Director and Director
Age: 50
Chief Executive Officer
Chief Financial Officer
President of Operations
Chief Commercial Officer
Compensation as of Fiscal Year 2014.

Kempegowda International Airport Limited Key Developments

Kempegowda Seeks Patner

Kempegowda International Airport Limited is looking for an airline partner to develop Bangalore as a hub for South India.

The Bangalore International Airport Reports Earnings Results for the Quarter Ended December 2013

The Bangalore International Airport reported earnings results for the quarter ended December 2013. For the quarter, the company reported revenue of INR 1,621.0 million against INR 1,530.7 million, a rise of 6%. Net profit stood at INR 465.9 million against INR 215.0 million, an increase of 117%.

Sources Say GVK Planning To Sell Stake In BIAL

GVK Power and Infrastructure Limited (BSE:532708) (GVK Group) is planning to sell stake in Bangalore International Airport Ltd (BIAL). Two people close to the matter said that GVK Group is planning to sell a part of its 43% stake in BIAL to strategic investors or sovereign wealth funds, in order to reduce debt. The company has engaged Kotak Mahindra Capital Company Limited to look out for buyers. On person stated, “Malaysia Airports Holdings Bhd (KLSE:AIRPORT) and some Middle East sovereign wealth funds have shown preliminary interest in the stake offered by GVK Group.” Second source added, “ It could be a partial sale of shares to either sovereign funds or to a strategic partner as the group believes there could be a future upside to the value.” According to the report, GVK Group spokesperson said, “We do not comment on market speculations.”

Recent Private Companies Transactions

Type
Date
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No transactions available in the past 12 months.
 

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To contact Kempegowda International Airport Limited, please visit www.bengaluruairport.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

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