Macquarie India Infra head Suresh Goyal quits

MUMBAI: Suresh Goyal, India Head & Senior Managing Director, Macquarie Infrastructure and Real Assets – MIRA (India) Pvt Ltd has put in his papers, said two people aware of the development.

Suresh, a veteran in infrastructure space, has over a decade of experience with Macquarie in advising the infrastructure business in India. As Head of MIRA in India, he was involved in sourcing & assessing investment opportunities, execution and portfolio management.

His future plans could not be ascertained yet. Mail sent to Macquarie did not elicit any response while Suresh Goyal declined to comment.

Under Goyal, Macquarie Group had won the rights to manage 648km of national highways by bidding Rs 9,682 crore in an auction National Highway Authority of India (NHAI) in 2018. Macquarie had won the first ever auction by NHAI by outbidding Brookfield, IRB and Roadis-NIIF.

With a decade of experience with Macquarie, Goyal has built the infra business of MIRA, which is one of the largest in India. Macquarie managed funds have invested about $2.5 billion into India. Under Goyal’s leadership, MIRA acquired majority stakes for the first time in roads sector, which is one of the largest for the financial sponsors now. MIRA has also set up a yield generating renewables platform under Goyal. MIRA’s significant investments include GMR Airports, American Towers, MB Power, and Ashoka Concessions.

Prior to joining Macquarie Group in 2010, Suresh had 15 years’ experience in project finance, investment banking and corporate sector with organisations such as Ambit Pragma, Lazard and HSBC India.

Goyal has an MBA from the Indian Institute of Management, Lucknow.


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