Hyderabad Metro Rail

Name

Hyderabad Metro Rail

Legal name

Hyderabad Metro Rail Limited

Website

https://hmrl.co.in

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Urban Metro Rail Transit Services

NAICS

Urban Transit Systems (4851), Commuter Rail Systems (485112), Mixed Mode Transit Systems (485111)

SIC

Local & Suburban Transit & Interurban Hwy Passenger Trans (4100), Transportation Services (4700)

akta.pro primary industry

Metro/Urban Rail Operators (Integrated Multimodal Agencies) (TLAFAEAG)

akta.pro secondary industries

Metro/Subway Stations (THAIALAB), Last-Mile On-Demand Feeder to Transit (First/Last-Mile Providers) (THAIAGAJ), Urban Rail Stations & Passenger Facilities Management (THAIABAF)

Keywords

• Urban metro rail
• Public transportation
• Mass rapid transit
• Last-mile connectivity
• Metro rail services

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Others, Technology or R&D, Marketing or Sales

Revenue model

1. Passenger Fare Revenue: Revenue generated from ticket sales to daily commuters using the metro rail service across three operational corridors

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Hyderabad Metro Rail Limited (HMRL) operates an urban mass rapid transit system comprising a 69 km Phase I network across three corridors (Miyapur-LB Nagar, JBS-MGBS, Nagole-Raidurg) with 60 stations, serving approximately 4.5 lakh daily commuters. The service runs from 06:00 AM to 11:00 PM and is supported by ancillary offerings including a Common Mobility Card, Green Miles Loyalty Card, Student Metro Super Pass, multi-level parking facilities at stations, and last-mile integration through Rapido and other partners.

Product overview

Hyderabad Metro Rail operates a unified urban rail transit system comprising Phase I (69 km, 60 stations across 3 corridors) now under full state government ownership. The portfolio includes the planned Phase II expansion (162.5 km), PRT pod system for last-mile connectivity, automated parking facilities, loyalty programs (Green Miles), discounted student passes, common mobility cards, Rapido-powered first/last-mile integration, and GTFS open data for developers.

Differentiator

Problem solved

Functional benefit

Products and services

• Hyderabad Metro Rail Phase I Service
• Common Mobility Card
• Green Miles Loyalty Card
• Metro Super Pass (Student Pass)
• Nampally Multi-Level Automated Parking Complex
• GTFS Open Transit Data

Quantifiable outcome

• 4.5 lakh daily passengers served
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• SBI Capital MarketscoreImplementation/ SI/ Consulting Partner · 24 June 2026SBI Capital Markets appointed to evaluate Hyderabad Metro Phase I assets and assess funding needs for Phase II expansion covering 76.4 km at ₹24,269 crore.
• L&T Metro Rail (Hyderabad) LimitedcoreOthers · 29 April 2026Previously operated Phase I under PPP model. Telangana government acquired 100% equity stake for ₹1,461.47 crore with takeover effective April 30, 2026. Total transaction value ₹15,000 crore including debt assumption.
• RapidocoreStrategic or Co-development Partner · 2 March 2026Rapido serves as Hyderabad Metro's primary first- and last-mile connector, facilitating over 1.5 lakh (150,000) daily rides linked to metro stations. The platform also processes approximately 30,000 metro ticket bookings daily through its app, with over 1 million total city rides per day.
• EVZIPminorStrategic or Co-development Partner · 25 January 2025MoU signed with EVZIP for electric vehicle-based last-mile connectivity services, supporting sustainable transport solutions.
• Mana YatricoreStrategic or Co-development Partner · 11 October 2024Partnership with Mana Yatri to enhance last-mile connectivity for metro commuters, complementing the multi-modal transport strategy.
• Aarvee Associates and SystracoreImplementation/ SI/ Consulting Partner · 3 September 2023Engaged to prepare Detailed Project Reports (DPRs) for metro rail Phase II corridors.
• Systra-led ConsortiumcoreImplementation/ SI/ Consulting Partner · 21 April 2023Systra-led consortium selected as airport metro consultancy for technical guidance on airport metro corridor development.

Scale indicators6 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Mumbai Metro One (MMOPL): Operates Mumbai Metro Line 1 under PPP model with Reliance Infrastructure. Comparable as a PPP-structured Indian metro operator providing urban rapid transit in a major metropolitan area.
• Pune Metro Rail (Maha Metro): Operates metro services in Pune with active Phase I and II expansion. Comparable as an Indian urban metro operator with government backing serving a major IT/automotive city.
• Jaipur Metro Rail Corporation: State-owned metro operator serving Jaipur. Comparable as a smaller-scale Indian urban metro operator with similar governance structure and operational profile.
• Kochi Metro Rail Limited: State-owned metro operator in Kerala with comparable passenger scale and government ownership structure. Similar in scale to Hyderabad Metro and operates with similar governance and operational model.
• Chennai Metro Rail Limited: Operates metro rail services in Chennai with multiple corridors and Phase II expansion underway. Comparable as a state-owned South Indian metro operator with similar PPP-to-government transition dynamics.
• Nagpur Metro Rail Corporation: Operates metro services in Nagpur with comparable network length and state ownership. Comparable as a recently operationalized Indian metro with similar scale and Phase II expansion planning.
• Lucknow Metro Rail Corporation: Operates metro services in Lucknow under state-owned structure. Comparable as a Tier-2 city Indian metro operator of similar scale to Hyderabad Metro Phase I.
• Noida Metro Rail Corporation: Operates the Aqua Line connecting Noida with Greater Noida. Comparable as a state-owned NCR-region metro operator with similar PPP/government hybrid operating model.
• Bangalore Metro Rail Corporation (Namma Metro): Operates the Bengaluru metro serving India's other major IT hub. Highly comparable as an Indian urban metro operator serving a similar IT corridor commuter base with comparable scale and recent expansion plans.
• Delhi Metro Rail Corporation: India's largest metro operator running the Delhi-NCR metro network. Directly comparable as a state-owned urban metro rail operator with multi-modal integration and large-scale ridership across multiple corridors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/hmrgov
• YouTubeyoutube.com/user/hyderabadmetro
• Facebookfacebook.com/hmrlgov
• Instagraminstagram.com/hmrlgov
• LinkedInlinkedin.com/company/hyderabad-metro-rail-ltd-

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hyderabad Metro Rail