Prasad V. Potluri

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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

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]

Early life[edit]

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[edit]

In 1996, he founded Procon, an IT services company, later acquired by RCM Technologies in 1998.[8] In 2000, he started Albion Orion Company, which merged with SSI.[9] in a significant cross-border transaction valued at $63.65 million.[10]

In 2001, Prasad co-founded Irevna, a company in knowledge process outsourcing services, acquired by CRISIL in 2005.[11][12] In 2006, he established PVP Ventures a publicly traded corporation involved in media and entertainment financing.[13] Under Prasad's leadership, PVP Ventures entered film production with PVP Cinema and also secured the Hyderabad Hotshots[14] franchise in the Indian Badminton League,[15][16][17] participating in the inaugural season in 2013.[18]

Prasad is also engaged in philanthropy, serving as the chief patron of the Prasad V. Potluri Siddhartha Institute of Technology[19][20][21] and a patron at the L. V. Prasad Eye Institute.[22] Presently, he maintains strategic investments in Maven Corp,[23][24] Karvy Consultants,[25] and is a founding investor of CBay Systems.[26][27]

Political career[edit]

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.[28] However, in the election, Prasad was defeated by Telugu Desam candidate Kesineni Srinivas by a margin of 8,720 votes.[29][30]

References[edit]

  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. ^ "RCM Technologies, Inc. History | Michigan, accounted for 12.9 percent of RCM revenues in 1985". fundinguniverse.com.
  9. ^ "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.
  10. ^ "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. "SSI to acquire US firm in $64-m stock, cash deal". The Hindu Business Line. 18 September 2000. "Albion Orion goodwill drags SSI bottomline". thehindubusinessline.in. BLFeedback.
  11. ^ "Crisil buys Irevna for Rs 43 cr". thehindubusinessline.in. Retrieved 19 October 2004.
  12. ^ "Crisil Capital Markets". indiainfoline.com. Archived from the original on 1 November 2013. Retrieved 22 July 2013.
  13. ^ "Prasad V. Potluri Chairman & Managing Director". PVP Ventures Official Website. www.pvpglobal.com. "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. "PVP Cinema announces 5 biggies". Telugucinema.com. 26 November 2011. Archived from the original on 26 February 2012. Retrieved 2 March 2013. "Prasad V. Potluri BME, MES – Chairman and Managing Director, PVP Ventures Ltd". Bloomberg Businessweek. April 2023.
  14. ^ "PVP Group owns Hyderabad Hotshots in IBL". zeenews.india.com. Retrieved 19 June 2013. "PVP Group owns Hyderabad Hotshots in Indian Badminton League". sports.ndtv.com. 19 June 2013. Archived from the original on 9 July 2013. "PVP Group buys IBL's Hyderabad franchise". ibnlive.in.com. Archived from the original on 9 July 2013. "PVP Group buys first IBL franchise". deccanherald.com. 19 June 2013.
  15. ^ "Hyderabad group to own Hotshots in IBL". Retrieved 20 June 2013.
  16. ^ "PVP Group buys IBL's Hyderabad franchise". ibnlive.in.com. Archived from the original on 9 July 2013. Retrieved 19 June 2013.
  17. ^ "PVP Group owns Hyderabad Hotshots in Indian Badminton League". sports.ndtv.com. Archived from the original on 27 June 2013. Retrieved 19 June 2013.
  18. ^ "PVP Cinema, one of India's leading media and entertainment houses, which has delivered quality and cutting-edge entertainment, believes this project will be one of their most ambitious films". 18 June 2013. "Pawan Kalyan To Do a Film For PVP Cinema". indiaglitz.com. Archived from the original on 21 July 2013. Retrieved 18 July 2013. "Indian Badminton League 2013: Hyderabad Hotshots win IBL title". ibnlive.in.com. Archived from the original on 2 September 2013. "Hyderabad are the Hotshots of the IBL". thehindu.com. 1 September 2013.
  19. ^ "Prasad V Potluri Siddhartha Institute of Technology – Courses & Details". hyderabadspider.com. Archived from the original on 11 September 2016. Retrieved 29 October 2013.
  20. ^ "P.V.P. Siddhartha Institute of Technology (PVPSIT), Vijaywada is approved by AICTE and affiliated to Jawaharlal Nehru Technological University". htcampus.com.
  21. ^ "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.
  22. ^ "Our Chairman, is a Patron of L V Prasad Eye Institute. A comprehensive eye health facility headquartered at Hyderabad". www.pvpglobal.com.
  23. ^ "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.
  24. ^ "Maven Corp.com – About Us – Team Maven – Prasad V. Potluri". Maven Corp.com.
  25. ^ "Karvy to sell 21.82 pc to NRI". The Hindu Business Line. 10 October 2001.
  26. ^ 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.
  27. ^ "Sebi vs Karvy Stock Broking Ltd". Indiankanoon.org. Archived from the original on 28 October 2013. Retrieved 27 June 2007.
  28. ^ Arikatla, Venkat (3 July 2023). "Andhra Pradesh: Jagan to do BC experiment in Vijayawada Lok Sabha?". greatandhra.com. Retrieved 16 September 2023.
  29. ^ Arikatla, Venkat (3 July 2023). "Andhra Pradesh: Jagan to do BC experiment in Vijayawada Lok Sabha?". greatandhra.com. Retrieved 16 September 2023.
  30. ^ "Potluri Vara Prasad thanks Vijayawada people despite loss". The New Indian Express. Retrieved 16 September 2023.
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