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Indian entrepreneur and philanthropist From Wikipedia, the free encyclopedia
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]
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Potluri Vara Prasad | |
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Born | Potluri Vara Prasad 8 September 1970 Age(53) |
Nationality | Indian |
Alma mater | NSM Public School Andhra Loyola College KL University |
Occupation(s) | Entrepreneur Ex Co-owner of Kerala Blasters F.C. Owner of Hyderabad HotShots CMD – PVP Ventures[1] |
Spouse | Jhansi Sureddy[2] |
Children | Pearl V. Potluri (Daughter) Param V. Potluri (Son) |
Website | https://www.pvpglobal.com |
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]
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 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 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]
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