About HIT

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About HIT

The Trust has been registered with the SEBI as an InvIT under the InvIT Regulations on December 23, 2021 having registration number IN/InvIT/21-22/0019. The Investment Manager irrevocably transferred to the Trustee an amount of ₹ 10,000 towards the initial corpus of the Highways Trust, with an intention to settle and establish the Highways Trust. This initial corpus of the Highways Trust shall in no event, be distributed to the Investment Manager.

Additionally, Highway Concessions One Private Limited has been appointed as the Investment Manager, and HC One Project Manager Private Limited has been appointed as the Project Manager.

The Highways Infrastructure Trust’s initial portfolio comprises of six roads assets with a total length of more than 452 kilometers across six states in India. The assets which include a diversified mix of toll and annuity roads are located in Gujarat, Madhya Pradesh, Meghalaya, Rajasthan, Tamil Nadu, and Telangana.

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Revenue for Fiscal 2022

Ms. Sudha Krishnan

Independent Director

Ms. Sudha Krishnan, aged 62, is an independent non-executive director on the board of the Investment Manager since September 14, 2022. Smt. Sudha Krishnan joined the Indian Audit and Accounts Service (IAAS) in 1983. She possesses Masters Degree in Public Administration (MPA), George Mason University Virginia, USA, Masters Degree in English Literature (MA) and Bachelors Degree (Hons) in English Literature (BA Honours) from Delhi University. She retired as Member Finance to the Space Commission and Atomic Energy Commission. As Member Finance, she served as the advisor to the Commissions on financial business pertaining to the Departments of Space and Atomic Energy. Smt. Krishnan has close to four decades of experience in public policy and finance. She has worked on secondment at the Ministry of Finance in different capacities where she has handled diverse portfolios including World Bank projects, personnel matters of the Central Government and writing memoranda and reports for the Finance Minister on improving the overall effectiveness of Government spending. She also served as Financial Adviser to the Ministry of Urban Development. She has been a Government nominee director on the boards of many Government companies and banks. In her parent department namely, the office of Comptroller and Auditor General of India (the Supreme Audit Institution- SAI, of India) she has led and coordinated the production of several audit reports including the audit of the Central Board of Direct Taxes. As Principal Director (International Cooperation) she was directly responsible for advising and implementing the CAG’s international obligations both bilateral and multilateral. In her last assignment in the office of the CAG, she was responsible for developing and strengthening professional standards and practices in audit. Smt. Krishnan serves as Independent Director on boards of SBI Funds Management Ltd, IDFC Financial Holding Company Ltd, Graphite India Ltd. and National E Governance Services Ltd.