Prasad V. Potluri

Potluri Vara Prasad (born 8 September 1970), is an Indian politician, businessman and entrepreneur. He  holds the position of Executive Chairman & Managing Director at PVP Ventures Ltd. and Managing Director & Executive Director at Picturehouse Media Ltd.[3][4][5]

Potluri Vara Prasad
Born
Potluri Vara Prasad

8 September 1970
Vijayawada, Andhra Pradesh, India
NationalityIndian
Alma materNSM Public School
Andhra Loyola College
KL University
Occupation(s)Serial entrepreneur
Ex Co-owner of Kerala Blasters F.C.
Owner of Hyderabad HotShots
CMD – PVP Ventures[1]
Political partyYSR Congress Party
SpouseJhansi Sureddy[2]
ChildrenPearl V. Potluri (Daughter)
Param V. Potluri (Son)
Websitehttps://www.pvpglobal.com

Early life

Potluri Prasad was born in  Vijayawada, Andhra Pradesh, India, to Potluri Raghavendra Rao and P Manga Taradevi. He has two siblings. He attended NSM Public School in Vijayawada, followed by Mechanical Engineering from Nagarjuna University. [6] In 1994, he completed a Master’s degree at a university in Australia, and in 1995 arrived in the United States. [7]

Career

Procon, Inc. Michigan and Albion Orion Company LLC, 1996 to 2000

Prasad started his first company in 1996. The company, Procon Inc., an IT services company, was acquired by RCM Technologies in 1998. AOC, LLC was acquired by SSI[8] in 2000 for INR 2.92 billion,[9] then the largest cross-border deal. Irevna Limited was acquired by CRISIL (S&P India) in 2005.[10]

In 2000, he founded Albion Orion Company,[11] an IT solutions company, 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.[12]

IREVNA Ltd. and PVP Ventures Ltd., 2001 to 2007

In late 2000, he moved to the United Kingdom, where he co-founded company Irevna Ltd., an organisation providing 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.,[13] an S&P company in May 2005. This company contributes 50% of entire profitability for Crisil in the current environment.[14]

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 2006 he founded PVP Ventures Ltd., [15] of which he is still chairman & managing director. PVP is a publicly traded corporation traded on BSE,[16] NSE[17] & LSE[18] 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.[19][20][21][22]

In July 2010, PVP group ventured into the Indian Media & Entertainment Industry via "Picturehouse Media Limited" (listed on BSE[23][24] ) and its subsidiary "PVP Capital Ltd." (RBI registered NBFC). Within 2.5 years, PHML has achieved phenomenal success in Tamil & Telugu film financing.[25]

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.[26][27] PVP has recently invested in the Hyderabad franchise "Hyderabad Hotshots"[28][29][30][31] of Indian Badminton League and emerged as the Winning Champions in the Inaugural season of league – 2013.[32][33][34]

2008 to present

He is chief patron of Prasad Vara. Potluri Siddhartha Institute of Technology,[35][36][37] in Vijaywada. He is also a patron in LV Prasad Eye Institute.[38] He is the owner of the Hyderabad Hotshots,[39][40][41] one of the six franchises of Indian Badminton League and former co-owner of the Kerala Blasters F.C.

He is a Strategic Investor in Maven Corp[42][43] and Karvy Consultants[44] & a Founding Investor of CBay Systems.[45][46]

Political career

In 2019, Potluri Prasad joined the YSR Congress Party prior to the elections. He received confirmation from the YCP leadership for the Vijayawada Lok Sabha ticket. YS Jagan Mohan Reddy extended a warm welcome to him as a new member of the party.[47] However, in the election, Mr. Prasad was defeated by Telugu Desam candidate Kesineni Srinivas by a margin of 8,720 votes.[48][49]

Philanthropy

Social Initiatives

Chief Patron, PVP Siddhartha Institute of Technology

PVP Siddhartha Institute of Technology is a non profit and an eminent engineering college promoted by Siddhartha Academy of General & Technical Education. The institution has 4000 students and has an impressive array of alumni. Was involved in supporting funding and development of the institute which was opened by Hon’ble Sri. M. Venkaiah Naidu in 2000.

Patron, LV Prasad Eye Institute, Hyderabad

LV Prasad Eye Institute is a world renowned institution of excellence and was solely built on support from patrons. A non-profit organization that has redefined quality eye care for the under privileged in India. Was one of the early donors in year 2000 and was actively involved in introducing new donors around the world.

Pro Bono Advisory, Overseas education & Career planning

Over the last 30 years, has personally provided pro bono advice, financial support and job creation for 3000 youngsters. Have invested and continue to expend significant time over the past 3 decades in development of career planning for youngsters aged 22 to 25 and providing them global opportunities in the US, UK, Canada, New Zealand and Australia. Owing to personal journey and development, have realized, development of youth and their careers can make a huge change to middle class and educated families. This initiative has made a material change for thousands of families owing to the success of the next generation pursuing greener pastures around the world

Patron, Social Initiatives

Have provided extensive financial support and advice to the following non-profit foundations in the field of education, healthcare and child development.

• Saraswati Vidya Mandir, Khairatabad, Hyderabad
• Siddhartha Academy of General & Technical Education
• Each One Teach One Charitable Foundation
• Art@Telangana
• Association Saikorian, Krushi Home
• We & She Foundation

References
  1. "Management Info – PVP Ventures Ltd". Ndtv Profit.
  2. "Jhansi Sureddy, 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. Chowdhary, Y. Sunita (3 April 2006). "Log in, drink in the cinema". The Hindu. Archived from the original on 17 November 2014. Retrieved 14 November 2014. Telugucinema.com is another site that is a big hit. This first Telugu film site established eight years ago by Prasad Potluri in Pittsburgh, has loyal visitors.
  5. "Prasad V. Potluri - Biography". www.marketscreener.com. Retrieved 20 July 2023.
  6. "Prasad V. Potluri". veethi.com. Retrieved 20 July 2023.
  7. "Prasad V Potluri interview - Telugu film producer and financier". www.idlebrain.com. Retrieved 3 August 2023.
  8. "SSI to acquire US firm in $64-m stock, cash deal". The Hindu Business Line (Archive.is). 18 September 2000. Archived from the original on 11 October 2013.
  9. "SSI to acquire US firm in $64-m stock, cash deal". The Hindu Business Line. 18 September 2000.
  10. "RCM Technologies, Inc. History | Michigan, accounted for 12.9 percent of RCM revenues in 1985". fundinguniverse.com.
  11. "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.
  12. "Albion Orion goodwill drags SSI bottomline". thehindubusinessline.in. BLFeedback.
  13. "Crisil buys Irevna for Rs 43 cr". thehindubusinessline.in. Retrieved 19 October 2004.
  14. "Crisil Capital Markets". indiainfoline.com. Archived from the original on 1 November 2013. Retrieved 22 July 2013.
  15. "Prasad V. Potluri Chairman & Managing Director". PVP Ventures Official Website. www.pvpglobal.com.
  16. "PVP Ventures Ltd. | BSE Code: 517556". profit.ndtv.com.
  17. "PVP Ventures | NSE: PVP". Moneycontrol.com.
  18. "BK05 PVP VENTURES LD GDS (REPR 1/10 OF 1 COM STK INR10)(144A)". londonstockexchange.com. Archived from the original on 3 March 2016. Retrieved 29 October 2013.
  19. "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. Archived from the original on 15 October 2013.
  20. "PVP Cinema announces 5 biggies". Telugucinema.com. 26 November 2011. Archived from the original on 26 February 2012. Retrieved 2 March 2013.
  21. "Pawan Kalyan To Do a Film For PVP Cinema". indiaglitz.com. Archived from the original on 21 July 2013. Retrieved 18 July 2013.
  22. "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.
  23. "Picturehouse Media Ltd (PICT.BO)". reuters.com. in.reuters.com. Archived from the original on 11 March 2013.
  24. "Picturehouse Media Ltd. BSE:532355". economictimes.indiatimes.com.
  25. "Prasad V. Potluri BME, MES – Chairman and Managing Director, PVP Ventures Ltd". Bloomberg Businessweek.
  26. "Hyderabad-based PVP Ventures to bid for new IPL franchise". cricketcountry.com. 23 October 2012.
  27. "Deccan Chargers rejects Rs 900 cr bid". firstpost.com. 13 September 2012.
  28. "PVP Group owns Hyderabad Hotshots in IBL". zeenews.india.com. Retrieved 19 June 2013.
  29. "PVP Group owns Hyderabad Hotshots in Indian Badminton League". sports.ndtv.com. 19 June 2013. Archived from the original on 9 July 2013.
  30. "PVP Group buys IBL's Hyderabad franchise". ibnlive.in.com. Archived from the original on 9 July 2013.
  31. "PVP Group buys first IBL franchise". deccanherald.com. 19 June 2013.
  32. "Indian Badminton League 2013: Hyderabad Hotshots win IBL title". ibnlive.in.com. Archived from the original on 2 September 2013.
  33. "Hyderabad are the Hotshots of the IBL". thehindu.com. 1 September 2013.
  34. "IBL: Saina-led Hyderabad Hotshots defeat Awadhe Warriors 3-1 to win title". dnaindia.com. 31 August 2013.
  35. "Prasad V Potluri Siddhartha Institute of Technology – Courses & Details". hyderabadspider.com. Archived from the original on 11 September 2016. Retrieved 29 October 2013.
  36. "P.V.P. Siddhartha Institute of Technology (PVPSIT), Vijaywada is approved by AICTE and affiliated to Jawaharlal Nehru Technological University". htcampus.com.
  37. "Prasad V. Potluri Siddhartha Institute of Technology, established in 1998 at Vijayawada". jagranjosh.com. Archived from the original on 17 February 2018. Retrieved 29 October 2013.
  38. "Our Chairman, is a Patron of L V Prasad Eye Institute. A comprehensive eye health facility headquartered at Hyderabad". www.pvpglobal.com.
  39. "Hyderabad group to own Hotshots in IBL". Retrieved 20 June 2013.
  40. "PVP Group buys IBL's Hyderabad franchise". ibnlive.in.com. Archived from the original on 9 July 2013. Retrieved 19 June 2013.
  41. "PVP Group owns Hyderabad Hotshots in Indian Badminton League". sports.ndtv.com. Archived from the original on 27 June 2013. Retrieved 19 June 2013.
  42. "Prasad V. Potluri is the Chairman & Co-founder of Irevna Ltd., a leading business information research services organization". Maven Corp.com. Archived from the original on 28 October 2013.
  43. "Maven Corp.com – About Us – Team Maven – Prasad V. Potluri". Maven Corp.com.
  44. "Karvy to sell 21.82 pc to NRI". The Hindu Business Line. 10 October 2001.
  45. 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. Archived from the original on 28 October 2013.
  46. "Sebi vs Karvy Stock Broking Ltd". Indiankanoon.org. Archived from the original on 28 October 2013. Retrieved 27 June 2007.
  47. Arikatla, Venkat (3 July 2023). "Andhra Pradesh: Jagan to do BC experiment in Vijayawada Lok Sabha?". greatandhra.com. Retrieved 16 September 2023.
  48. Arikatla, Venkat (3 July 2023). "Andhra Pradesh: Jagan to do BC experiment in Vijayawada Lok Sabha?". greatandhra.com. Retrieved 16 September 2023.
  49. "Potluri Vara Prasad thanks Vijayawada people despite loss". The New Indian Express. Retrieved 16 September 2023.
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