Prasad V Potluri

Prasad V. Potluri
Prasad V. Potluri
Born	8 September 1970 Vijayawada, Andhra Pradesh, India
Residence	Banjara Hills, Hyderabad, Telangana, India
Nationality	Indian
Ethnicity	Telugu
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 main stream 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

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

CEO/Founder, Procon, Inc. Michigan, 1996 to 1998

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

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

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

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

Prasad V. Potluri strongly feels that there is a dire need to drive and empower change, in a direction that helps in giving back to the society. PVP foundation is initiated with focus on supporting and improving education and health care in our society.

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

References