# Karnataka State Industrial and Infrastructure Development Corporation

Karnataka State Industrial and Infrastructure Development Corporation is a Government / Public Body based in Bangalore, India.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Bangalore, India
- **Region:** Asia
- **Address:** Khanija Bhavan, No. 49, Race Course Road, Bangalore, Karnataka, India
- **Founded:** 1964
- **Assets under management:** Undisclosed
- **Website:** ksiidc.karnataka.gov.in
- **LinkedIn:** linkedin.com/company/karnataka-state-industrial-and-infrastructure-development-corporation-limited

## Regulatory record

- **Reports private funds:** No

## About

Karnataka State Industrial and Infrastructure Development Corporation is a government agency based in Bangalore, India. It manages assets valued at approximately $130.33 million across 5 funds, primarily focused on Asia.

## Sectors

- Infrastructure
- Real Estate
- Industrial

## People

- Dr. M.R. Ravi, IAS — Managing Director
- Dr. Shailendra K. Beldale — Chairman
- M.B. Patil — Minister for Large and Medium Industries and Infrastructure Development; Board Director

## Questions

### What is KSIIDC's role in Bangalore International Airport?

KSIIDC holds a minority equity stake in Bangalore International Airport Limited (BIAL), the operator of Kempegowda International Airport. It acts as a public-sphere co-investor alongside private institutional partners including Fairfax India Holdings and Siemens Project Ventures. This structure positions KSIIDC as a patient, long-term equity partner in one of India's busiest airports rather than a passive financier.

### What types of real estate assets does KSIIDC directly own?

KSIIDC owns a portfolio of commercial and industrial properties concentrated in Bangalore. Its assets include Khanija Bhavan, a commercial building on Race Course Road; an IT Park in the Rajajinagar Industrial Estate; and the Bengaluru Signature Business Park, a mixed-use development in Devanahalli near the airport. It also controls an extensive land bank across various districts of Karnataka used to seed future industrial and infrastructure zones.

### Is KSIIDC a fund or does it operate more like a development bank?

KSIIDC operates as a statutory development financier and project execution arm, not a pooled investment fund. Its capital base comes from state government allocations and retained project returns. It extends term loans and equity to industrial projects while simultaneously developing its own infrastructure assets, blending a development bank's lending function with a direct asset developer's operational role.

### Does KSIIDC manage any assets outside the state of Karnataka?

KSIIDC's mandate is constitutionally restricted to the state of Karnataka. Its entire investment portfolio — from the Bangalore airport and Devanahalli convention centre to the Tadadi port and Shivamogga airport — lies within the state's geographic boundaries. There is no public record of KSIIDC undertaking any investment activity outside Karnataka.

## Related profiles

- [Karnataka Biotechnology and Information Technology Services](https://altss.com/profile/karnataka-biotechnology-and-information-technology-services)
- [Karnataka Udyog Mitra](https://altss.com/profile/karnataka-udyog-mitra)

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Last updated: 2026-06-03T20:00:00.000Z

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