NHAI Launches Raajmarg Infra Investment Managers Pvt. Ltd. to Lead Public InvIT Initiative
A major push to expand investment participation in National Highway development; Public InvIT expected to launch first issuance in February 2026
The National Highways Authority of India (NHAI) has launched Raajmarg Infra Investment Managers Private Limited (RIIMPL) in Mumbai as the Investment Manager for its upcoming Public Infrastructure Investment Trust (InvIT)—Raajmarg Infra Investment Trust (RIIT).
The company was inaugurated by NHAI Chairman Santosh Kumar Yadav, in the presence of senior officials and representatives from participating financial institutions.
RIIMPL is a collaborative venture with equity participation from major banks and financial institutions including SBI, PNB, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd., HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank and Yes Bank.
NRVVMK Rajendra Kumar, Member (Finance), NHAI, has been appointed as MD & CEO (Additional Charge).
Speaking at the launch, the NHAI Chairman highlighted that the authority has monetized ₹48,995 crore through the TOT model and raised ₹43,638 crore via four rounds of Private InvITs. He added that 1,500 km of completed National Highways will be introduced into the Public InvIT over the next 3–5 years, creating new retail investment opportunities.
RIIMPL will ensure strong governance aligned with SEBI InvIT regulations, focusing on transparency and investor protection. The first Public InvIT issuance is expected in February 2026.
