It’s hard not to qualify as powerful when you run one of the leading power, oil and gas trading companies in the Middle East, Africa and India. But it took Rao decades of burning the midnight oil to get there. The managing director of Gemini Energy started his career as a quality control engineer before launching his own venture; then-Sievert Group, in 1980s India. The firm specialised in non-destructive testing (NDT) and quickly expanded into nine countries and several industries. Today, it continues to grow under the Gemini brand, with solid operations in the UAE and Oman.
Not satisfied with the oil and gas sector, he set up real estate arms Gemini Property Developers and SPF Realty in the UAE. This year, they announced they would provide buyers with customised payment plans for residential units in the $76m Splendour at MBR City that would allow them to pay 50 percent upon completion and 50 percent five years after hand-over. The move was aimed at allowing fixed-income end-users to enter the freehold market.
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