Reddy credits his parents Aparna & Sanjay Reddy, the VC of GVK, for helping him develope soft skills and value people, and this had helped him "unlock countless opportunities."
GVK group s GVK Coal Developers had borrowed $1 billion and $159,973,008 from six Indian banks, in 2011 and 2014, to fund its interests in Australian coal and infrastructure projects. While the loans remain unpaid, GVK tried to sell Bengaluru and Mumbai airports without the banks knowledge.
Six Indian banks are pursuing unpaid loans amounting to an estimated $2 billion, including interest, from GVK Coal Developers (Singapore) and associated companies. The case, which dates back to 2011 and 2014, opened in the High Court in London. The banks claim that the loans are long overdue, except for $83 million from the sale of a Bengaluru airport.