Maharashtra Airport Development Company Limited (MADC) was constituted in the year 2002 by Govt. of Maharashtra as a special purpose company to develop Multi-modal International Hub Airport at Nagpur (MIHAN) and Aviation Infrastructure in the State of Maharashtra to provide the regional air connectivity.
MADC was formed with equity participation from
City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO)
Nagpur Improvement Trust (NIT)
Maharashtra Industrial Development Corporation (MIDC)
The State Industrial & Investment Corporation of Maharashtra Ltd. (SICOM)
Nagpur Municipal Corporation (NMC)
Maharashtra State Road Development Corporation Ltd. (MSRDC)
MADC has been playing a lead role in the implementation of MIHAN project and other airport projects across the State of Maharashtra.