G Narayanan, a senior executive at Blackrock’s Global Infrastructure Partners in India, has left the firm, two sources familiar told Infralogic.

Narayanan was most recently a partner at GIP’s Mumbai office and led investments in sectors including roads, ports, railways and logistics.

Prior to GIP India, he spent more than 16 years with the IDFC group, whose alternatives business was acquired by GIP in April 2018. IDFC’s infrastructure team and support staff were transferred to GIP as part of the deal.

The sources did not say what Narayanan’s plans are following his exit.

GIP partnered with Vinci Highways in 2023 in India, targeting roads sector investments in the country. A deal by the two partners in 2024 to acquire a 207km highway concession fell through in January last year.

Since then, they completed due diligence for another concession which they decided not to go ahead with, Infralogic reported in February 2025.

Vinci is now bidding alone for more up-for-sale assets, according to a third source familiar, who added that the market widely believes the partnership has either fallen though or is no longer as strong as it was two years earlier.

GIP declined to comment. Vinci did not respond to a request for comment.

India has the world’s second-biggest road network after the US, with national highways spanning more than 146,000km, according to government data.

The Ministry of Road Transport and Highways has raised more than USD 16bn in the last decade from investors by offering national highway concessions, as well as through stake sales in its roads infrastructure trust.