Prasad V. Potluri

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Prasad V. Potluri
Prasad V Potluri.png
Prasad V. Potluri
Born 8 September 1970
Vijayawada, Andhra Pradesh, India
Residence Banjara Hills, Hyderabad, Telangana, India
Nationality Indian
Alma mater NSM Public School
Vijayawada and Andhra Loyola College, Vijayawada
Koneru Lakshmaiah College of Engineering
Occupation Serial entrepreneur
Co-owner of Kerala Blasters F.C.
Owner of Hyderabad HotShots
CMD – PVP Ventures[1]
Spouse(s) Jhansi Sureddi[2]
Children Pearl V. Potluri & Param V. Potluri

Prasad V. Potluri (Telugu: ప్రసాద్ వి పొట్లూరి, born on 8 September 1970), popularly known as "PVP", is a serial entrepreneur, philanthropist and educationalist.[3][4] He started his own production company called PVP cinema.

As a serial entrepreneur in the global outsourcing services space; he successfully built and sold 3 companies while serving the needs of the Fortune 1000 marketplace.[5][6] Within the global investment community, he is a respected thought leader. During that entrepreneurship-packed decade, he was the driving force behind many companies, including Procon Inc.,[7] Albion Orion Company LLC, Irevna Ltd.[8][9][10] Procon Inc. was acquired by RCM Technologies in 1998. AOC, LLC was acquired by SSI[11] in 2000 for INR 2.92 billion,[12] then the largest cross-border deal. Irevna Limited was acquired by CRISIL (S&P India) in 2005. He is a Strategic Investor in Maven Corp[13][14] and Karvy Consultants[15] & a Founding Investor of CBay Systems.[16][17][18][19]

Presently he is the chairman & managing director of PVP Ventures Ltd.,[20] the company is evolving as a leader with investment interests in realty, media, sports & entertainment, special situations acquisitions, and is thriving towards creating an eco-system that benefits every stakeholder.[21][22][23]

PVP is a publicly traded corporation traded on BSE,[24] NSE[25] & LSE[26] with 35,000 shareholders. In July 2010, PVP Group ventured into the Indian Media & Entertainment Industry via "Picturehouse Media Ltd". ("PHML"), it is India's largest organised media capital house, supporting the Financing needs of the Indian Entertainment Industry. PHML recent foray into mainstream film production under the banner of PVP Cinema is one of the largest production houses in the country.[27][28][29][30]

He is chief patron of Prasad V. Potluri Siddhartha Institute of Technology,[31][32][33] in Vijaywada. He is also a patron in LV Prasad Eye Institute.[34] He is the owner of the Hyderabad Hotshots,[35][36][37] one of the six franchises of Indian Badminton League and the co-owner of the Kerala Blasters F.C., one of the eight teams in the Indian Super League along with cricket legend Sachin Tendulkar .

Early life and family[edit]

Prasad V. Potluri was born in Vijayawada, Andhra Pradesh to Raghavendra Rao and Mangatara Devi. After his schooling from the NSM Public School in Vijayawada, he completed his Bachelors in Mechanical Engineering from Nagarjuna University.

He is the husband of Jhansi Sureddi, and the father of Pearl and Param

Business career[edit]

CEO/Founder, Procon, Inc. Michigan, 1996 to 1998[edit]

Founded and built an IT services company into one of the fastest growing IT services players in the USA. Began the company with $100 and grew to a 225 employee base and revenues of $22m in 27 months. Successfully sold the company with RCM for $32m in November 1998.[38]

CEO/Founder, Albion Orion Company LLC, Michigan, 2000[edit]

Founded 'Albion Orion Company',[39][40] a roll up in IT solutions space in the US by acquiring and restructuring two high-end solution providers, Albion International in Atlanta and Orion Consulting in Minneapolis. Subsequently, led the merger of the consolidated entity to SSI Ltd., a publicly traded firm on LSE for $63.65m (2.92 billion), considered as the largest cross border transaction in India as of December 2000.[41]

Chairman/Founder, IREVNA Ltd., London, United Kingdom, 2001 to 2005[edit]

Co-founded and built Irevna Ltd., a pioneering organisation providing high end analytics and research services to investment banks from offshore location. The organisation was the first to pioneer KPO services. Irevna Ltd. was acquired by CRISIL Ltd.,[42] an S&P company in May 2005. This company contributes 50% of entire profitability for Crisil in the current environment.[43]

Chairman and managing director, PVP Ventures Ltd., September 2006 to till date[edit]

The company has investment interests in Realty and is one of the largest investors in the country in media and entertainment. The company focusses on special situation transactions across multiple domains. The company was formed via acquisition of SSI Ltd. in Chennai on 27 February 2007 with an FDI investment of 8.93 billion.

In July 2010, PVP group ventured into the Indian Media & Entertainment Industry via "Picturehouse Media Limited" (listed on BSE[44][45] ) and its subsidiary "PVP Capital Ltd." (RBI registered NBFC). Within 2.5 years, PHML has achieved phenomenal success in Tamil & Telugu film financing.

In line with the vision, PVP made a bid for Deccan Chargers Team (Hyderabad franchise of Indian Premier League) and emerged as the highest bidder.[46][47] PVP has recently invested in the Hyderabad franchise "Hyderabad Hotshots"[48][49][50][51] of Indian Badminton League and emerged as the Winning Champions in the Inaugural season of league – 2013.[52][53][54][55]

Philanthropy[edit]

Prasad V. Potluri sponsored young chess prodigy, Priyanka Nuttaki for her participation in the Asian Chess Championship held in Iran.[56]

References[edit]

  1. ^ "Management Info – PVP Ventures Ltd". Ndtv Profit. 
  2. ^ "Jhansi Sureddi, wife of Mr. Prasad V. Potluri". The Economic Times. 21 November 2011. 
  3. ^ "Interview with Prasad V. Potluri". Idlebrain.com. Jeevi. Retrieved 26 November 2011. 
  4. ^ "Potluri V. Prasad is an Indian entrepreneur, film financer, producer, philanthropist and educationalist". Movies Dosthana. 
  5. ^ "Prasad V. Potluri Chairman & Managing Director". 
  6. ^ "Prasad V. Potluri BME, MES – Chairman and Managing Director, PVP Ventures Ltd.". Bloomberg Businessweek. 
  7. ^ "PVP started a software services company , Procon Inc. , offering consulting services in the ERP space.Against stiff competition from the likes of Compuware Corporation , Procon grew rapidly , and within 27 months had grown to an employee base of 225 and an annual turnover of US $22 million.". zoominfo.com. Retrieved 11 November 2013. 
  8. ^ "CRISIL Irevna UK Limited was formerly known as Irevna Limited and changed its name to CRISIL Irevna UK Limited in June 2012". 22 October 2013. 
  9. ^ "CRISIL IREVNA UK LIMITED: Crisil Irevna UK Limited was incorporated on 15 Nov 2000 and is located in London. The company's status is listed as "Live" and it currently has 3 directors. It was founded by Selvan Kulandai Swamy, Prasad Veera Potluri. Crisil Irevna UK Limited employed 50–99 people. They have one subsidiary, , Coalition Development Limited.". Retrieved 31 December 2012. 
  10. ^ "About Irevna UK Limited: Irevna UK Limited was registered on 03 May 2001 with its registered office in London. The business has a status listed as "Dissolved" and it had 2 directors at the time it closed. It was founded by Kulandaiswamy Selvan, Prasad Veera Potluri. Irevna UK Limited has no subsidiaries.". DueDil Limited. Retrieved 31 August 2002. 
  11. ^ "SSI to acquire US firm in $64-m stock, cash deal". The Hindu Business Line (Archive.is). 18 September 2000. 
  12. ^ "SSI to acquire US firm in $64-m stock, cash deal". The Hindu Business Line. 18 September 2000. 
  13. ^ "Prasad V. Potluri is the Chairman & Co-founder of Irevna Ltd., a leading business information research services organization.". Maven Corp.com. 
  14. ^ "Maven Corp.com – About Us – Team Maven – Prasad V. Potluri". Maven Corp.com. 
  15. ^ "Karvy to sell 21.82 pc to NRI". The Hindu Business Line. 10 October 2001. 
  16. ^ "Employment History: Chief Executive Officer AlbionOrion, Chief Executive Officer and Founder Albion Orion Company Ltd". Zoominfo. 18 March 2006. 
  17. ^ "Prasad V. Potluri – Strategic Investor | Employment History: Chairman, managing director SSi Limited (Parent)". Zoominfo.com. 20 December 2012. 
  18. ^ Mukherjee, Ambarish (10 October 2001). "ONE of the largest capital market intermediaries in the country, Hyderabad-based Karvy Consultants Ltd, plans to sell 21.82 per cent of the company's stake to US-based NRI investor and promoter of Procon Inc., Mr Prasad V Potluri, for a consideration of Rs 1,84,61,560.". The Hindu Business Line. 
  19. ^ "Sebi vs Karvy Stock Broking Ltd.". Indiankanoon.org. Retrieved 27 June 2007. 
  20. ^ "Prasad V. Potluri Chairman & Managing Director". PVP Ventures Official Website. www.pvpglobal.com. 
  21. ^ Chandramouli, Rajesh; TNN (10 August 2013). "I will deliver value to shareholders in 5 years: PVP". Times of India. 
  22. ^ Chandramouli, Rajesh (14 September 2012). "We've built solid credibility in India". Times of India. 
  23. ^ "PVP Ventures set to spread its wings". The Hindu Business Line. 5 August 2013.  |first1= missing |last1= in Authors list (help)
  24. ^ "PVP Ventures Ltd. | BSE Code: 517556". profit.ndtv.com. 
  25. ^ "PVP Ventures | NSE: PVP". Moneycontrol.com. 
  26. ^ "BK05 PVP VENTURES LD GDS (REPR 1/10 OF 1 COM STK INR10)(144A)". londonstockexchange.com. 
  27. ^ "India's largest organized media capital house – PVP Cinema will be working with Pawan Kalyan for his next movie after Gabbar Singh 2.". Andhra Times Blog. 
  28. ^ "PVP Cinema announces 5 biggies". telugucinema.com. 26 November 2011. 
  29. ^ "Pawan Kalyan To Do a Film For PVP Cinema". indiaglitz.com. Retrieved 18 July 2013. 
  30. ^ "PVP Cinema, one of the India's leading media and entertainment house, which has delivered quality and cutting edge entertainment believes this project will be one of their most ambitious film". 18 June 2013. 
  31. ^ "Prasad V Potluri Siddhartha Institute of Technology – Courses & Details". hyderabadspider.com. 
  32. ^ "P.V.P. Siddhartha Institute of Technology (PVPSIT), Vijaywada is approved by AICTE and affiliated to Jawaharlal Nehru Technological University.". htcampus.com. 
  33. ^ "Prasad V. Potluri Siddhartha Institute of Technology, established in 1998 at Vijayawada". jagranjosh.com. 
  34. ^ "Our Chairman, is a Patron of L V Prasad Eye Institute. A comprehensive eye health facility headquartered at Hyderabad.". www.pvpglobal.com. 
  35. ^ "Hyderabad group to own Hotshots in IBL". Retrieved 20 June 2013. 
  36. ^ "PVP Group buys IBL's Hyderabad franchise". ibnlive.in.com. Retrieved 19 June 2013. 
  37. ^ "PVP Group owns Hyderabad Hotshots in Indian Badminton League". sports.ndtv.com. Retrieved 19 June 2013. 
  38. ^ "RCM Technologies, Inc. History | Michigan, accounted for 12.9 percent of RCM revenues in 1985". fundinguniverse.com. 
  39. ^ "SSI Ltd has acquired the US-based Albion Orion Company in a cash-and-stock deal worth .65 million, the largest cross-border acquisition by an Indian IT company". moneycontrol.com. 
  40. ^ "SSI-Albion, the costliest merger". karvy.com. K Venu Babu. 
  41. ^ "Albion Orion goodwill drags SSI bottomline". thehindubusinessline.in. BLFeedback. 
  42. ^ "Crisil buys Irevna for Rs 43 cr". thehindubusinessline.in. Retrieved 19 October 2004. 
  43. ^ "Crisil Capital Markets". indiainfoline.com. Retrieved 22 July 2013. 
  44. ^ "Picturehouse Media Ltd (PICT.BO)". reuters.com. in.reuters.com. 
  45. ^ "Picturehouse Media Ltd. BSE:532355". economictimes.indiatimes.com. 
  46. ^ "Hyderabad-based PVP Ventures to bid for new IPL franchise". cricketcountry.com. 23 October 2012. 
  47. ^ "Deccan Chargers rejects Rs 900 cr bid". firstpost.com. 13 September 2012. 
  48. ^ "PVP Group owns Hyderabad Hotshots in IBL". zeenews.india.com. Retrieved 19 June 2013. 
  49. ^ "PVP Group owns Hyderabad Hotshots in Indian Badminton League". sports.ndtv.com. 19 June 2013. 
  50. ^ "PVP Group buys IBL's Hyderabad franchise". ibnlive.in.com. 
  51. ^ "PVP Group buys first IBL franchise". deccanherald.com. 19 June 2013. 
  52. ^ "Indian Badminton League 2013: Hyderabad Hotshots win IBL title". ibnlive.in.com. 
  53. ^ "Hyderabad Hotshots win inaugural IBL title". news.oneindia.in. 1 September 2013. 
  54. ^ "Hyderabad are the Hotshots of the IBL". thehindu.com. 1 September 2013. 
  55. ^ "IBL: Saina-led Hyderabad Hotshots defeat Awadhe Warriors 3-1 to win title". dnaindia.com. 31 August 2013. 
  56. ^ "PVP Group's gesture to world chess champ". 4 June 2013.