Nikhil Gandhi - Is Mukesh Ambani backing him?

Nikhil Gandhi

Flagship: SKIL Infrastructure

Founded in: 1984 (it’s SKIL’s silver jubilee year), along with his younger brother Bhavesh Gandhi

Claim to fame: Built India’s first private all-weather port, the Pipavav Port, in 1996

Other projects completed: Pipavav Railway, first-of-its-kind JV with the Indian Railways; Pipavav Expressway, a 20-km, 4-lane road to the Pipavav port from the state highway

What happened next: Sold SKIL’s holdings in the port for an undisclosed price in 2005 to a Maersk/A.P. Moller-led consortium. The rail JV was transferred to the railways and the expressway to the Gujarat Government.

Had investment of roughly $500 million in these projects

Biggest influence: Dhirubhai Ambani

Likes to consider himself: A pioneer in infrastructure, an “infrapreneur”

Three of Gandhi’s acquisitions soar in a falling market.

Why is the man who’s talking about multi-billion dollar investments picking up micro-cap firms with an equity base in the Rs 3-10.7 crore range? The answer would be evident from the way the stock prices of these three companies, Horizon Infrastructure, JPT Securities and KLG Capital, have been regularly hitting new highs in 2008. 

At a time when the broader market has only been falling, these three companies in which the SKIL group has mopped up majority stakes have soared between 200 and 1,700 per cent till June 30, 2008! SKIL group company Awaita Properties bought 60 per cent in JPT Securities from its promoters through market purchases in April and 60.5 per cent in KLG Capital in February. 

In Horizon Infrastructure the group has a 55.3 per cent stake. Gandhi told BT that all these companies are now a part of the SKIL group and he has big plans for them. Horizon Infrastructure, for instance, will develop tourism infrastructure in Himachal Pradesh.

Sources: http://businesstoday.intoday.in/story/is-this-man-for-real/1/2517.html

Nikhil Gandhi
is right hand of Mukesh Ambani and has pioneered MUMBAI SEZ , chandigarh sez,PIPAV port , PIPAV shipyard ..he is the main man who look after Mukesh Ambani group's infrastructure foray ..Jai corp (he was the main person for
the share price rise and not Anand Jain )and Horizon infrastructure (from
40 to 1800 in 1 year) are companies owned by him .. 

Source: http://jaicorp-and-others.blogspot.com/2008/08/jpt-secklg-caphorizon-infra.html