NHAI Launches Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) to Drive Public InvIT Initiative

The National Highways Authority of India (NHAI) has announced the launch of Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL), a major step toward expanding investment opportunities in India’s road infrastructure through a Public Infrastructure Investment Trust (InvIT).

Purpose:
RIIMPL will act as the Investment Manager for NHAI’s upcoming Public InvIT, designed to monetize completed national highway assets and attract retail and domestic investors.

Launch Details:
- RIIMPL was formally launched in Mumbai by NHAI Chairman Shri Santosh Kumar Yadav.
- Senior NHAI officials and representatives from leading financial institutions were present.

Partnerships:
Equity participation from major banks and financial institutions, including:
- State Bank of India - Punjab National Bank - NaBFID - Axis Bank - Bajaj Finserv Ventures Ltd. - HDFC Bank - ICICI Bank - IDBI Bank - IndusInd Bank - Yes Bank

Leadership:
Shri NRVVMK Rajendra Kumar, Member (Finance), NHAI, has been appointed as Managing Director & CEO (Additional Charge) of RIIMPL.

Strategic Impact
- NHAI has already monetized assets worth ₹48,995 crore through the Toll-Operate-Transfer (TOT) model and raised ₹43,638 crore via four rounds of Private InvITs.
- Over the next 3–5 years, about 1,500 km of completed and operational highways will be introduced into the Public InvIT.
- The first issuance of InvIT units for retail and public investors is expected in February 2026.

Significance
- Strengthens India’s road asset monetization strategy.
- Encourages public participation in infrastructure development.
- Aligns with SEBI’s InvIT regulations, ensuring transparency, investor protection, and governance standards.

This initiative marks a new chapter in democratizing infrastructure investment, allowing everyday investors to participate in building India’s national highways.