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Career: Updated career section with accurate acquisition details and source references for Prasad V. Potluri's ventures and business activities.
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==Career==
==Career==

In 1996, he founded Procon, an IT services company, later acquired by RCM Technologies in 1998.<ref>{{cite web|title=RCM Technologies, Inc. History {{!}} Michigan, accounted for 12.9 percent of RCM revenues in 1985|url=http://www.fundinguniverse.com/company-histories/rcm-technologies-inc-history/|work=fundinguniverse.com}}</ref> In 2000, he started Albion Orion Company, which merged with [[SSi Canada|SSI]].<ref>{{cite web|title=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|url=http://www.moneycontrol.com/company-facts/pvpventures/history/PVP|publisher=moneycontrol.com}}</ref> in a cross-border transaction valued at $63.65 million.<ref>
In 1996, Prasad founded Procon, an IT services company that was acquired by RCM Technologies in 1998.<ref>{{cite web|title=RCM Technologies, Inc. History {{!}} Michigan, accounted for 12.9 percent of RCM revenues in 1985|url=http://www.fundinguniverse.com/company-histories/rcm-technologies-inc-history/|work=fundinguniverse.com}}</ref> In 2000, he launched Albion Orion Company, which later merged with [[SSi Canada|SSI]]<ref>{{cite web|title=SSI Ltd has acquired the US-based Albion Orion Company in a cash-and-stock deal worth $63.65 million, the largest cross-border acquisition by an Indian IT company|url=http://www.moneycontrol.com/company-facts/pvpventures/history/PVP|publisher=moneycontrol.com}}</ref> in a transaction valued at $63.65 million.<ref>
{{cite news
{{cite news
|date=18 September 2000
|date=18 September 2000
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</ref>
</ref>


In 2001, Prasad co-founded Irevna, a company in knowledge process outsourcing services, acquired by [[CRISIL]] in 2005.<ref>{{cite web |title=Crisil buys Irevna for Rs 43 cr |url=http://www.thehindubusinessline.in/2004/10/20/stories/2004102002710100.htm |access-date=19 October 2004 |work=thehindubusinessline.in}}</ref><ref>{{cite web |title=Crisil Capital Markets |url=http://m.indiainfoline.com/newsdetail/IPONews/Crisil/4960839422 |url-status=dead |archive-url=https://web.archive.org/web/20131101143107/http://m.indiainfoline.com/newsdetail/IPONews/Crisil/4960839422 |archive-date=1 November 2013 |access-date=22 July 2013 |publisher=indiainfoline.com}}</ref> In 2006, he established [[PVP Ventures]] a publicly traded corporation involved in media and entertainment financing.<ref>
In 2001, Prasad co-founded Irevna, a company specializing in knowledge process outsourcing services, which was acquired by [[CRISIL]] in 2005.<ref>{{cite web |title=Crisil buys Irevna for Rs 43 cr |url=http://www.thehindubusinessline.in/2004/10/20/stories/2004102002710100.htm |access-date=19 October 2004 |work=thehindubusinessline.in}}</ref><ref>{{cite web |title=Crisil Capital Markets |url=http://m.indiainfoline.com/newsdetail/IPONews/Crisil/4960839422 |url-status=dead |archive-url=https://web.archive.org/web/20131101143107/http://m.indiainfoline.com/newsdetail/IPONews/Crisil/4960839422 |archive-date=1 November 2013 |access-date=22 July 2013 |publisher=indiainfoline.com}}</ref> In 2006, he founded [[PVP Ventures]], a publicly traded corporation involved in media and entertainment financing.<ref>
{{cite web
{{cite web
|title=Prasad V. Potluri Chairman & Managing Director
|title=Prasad V. Potluri Chairman & Managing Director
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|newspaper=Andhra Times Blog
|newspaper=Andhra Times Blog
|url=http://andhratimes-andhratimes.blogspot.in/2013/10/pawan-kalyan-says-yes-for-venture-with.html
|url=http://andhratimes-andhratimes.blogspot.in/2013/10/pawan-kalyan-says-yes-for-venture-with.html
|url-status=dead
|archive-url=https://archive.today/20131015081959/http://andhratimes-andhratimes.blogspot.in/2013/10/pawan-kalyan-says-yes-for-venture-with.html
|archive-date=15 October 2013
|df=dmy-all
}}
}}
{{cite journal
{{cite news
|title=PVP Ventures in media and entertainment financing
|date=26 November 2011
|url=http://www.sify.com/finance/pvp-ventures-in-media-and-entertainment-financing-news-business-mcmxAfihhcgi.html
|title=PVP Cinema announces 5 biggies
|access-date=18 June 2013
|url=http://www.telugucinema.com/c/publish/movietidbits/pvpcinema_nov072011.php
|url-status=dead
|publisher=sify.com
|journal=[[Telugucinema.com]]
|archive-url=https://web.archive.org/web/20120226085740/http://www.telugucinema.com/c/publish/movietidbits/pvpcinema_nov072011.php
|archive-date=26 February 2012
|access-date=2 March 2013
}}
{{cite journal
|title=Prasad V. Potluri BME, MES – Chairman and Managing Director, PVP Ventures Ltd.
|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=29509012&ticker=PICT:IN
|journal=Bloomberg Businessweek
|date=April 2023
}}
}}
</ref>
</ref>

Under Prasad's leadership, PVP Ventures entered film production with [[PVP Cinema]] and secured the [[Hyderabad Hotshots]]<ref>{{cite web
Under Prasad's leadership, PVP Ventures entered film production with [[PVP Cinema]] and acquired the [[Hyderabad Hotshots]]<ref>{{cite web
|title=PVP Group owns Hyderabad Hotshots in IBL
|title=PVP Group owns Hyderabad Hotshots in IBL
|url=http://zeenews.india.com/sports/others/pvp-group-owns-hyderabad-hotshots-in-ibl_763622.html
|url=http://zeenews.india.com/sports/others/pvp-group-owns-hyderabad-hotshots-in-ibl_763622.html
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{{cite news
{{cite news
|date=19 June 2013
|date=19 June 2013
|title=PVP Group buys first IBL franchise
|title=PVP Group owns Hyderabad Hotshots in Indian Badminton League
|newspaper=deccanherald.com
|newspaper=sports.ndtv.com
|url=http://www.deccanherald.com/content/339821/pvp-group-buys-first-ibl.html
|url=http://sports.ndtv.com/othersports/badminton/209490-pvp-group-owns-hyderabad-hotshots-in-indian-badminton-league
|url-status=dead
}}
|access-date=19 June 2013
</ref> franchise in the [[Premier Badminton League|Indian Badminton League]],<ref>{{cite news |title=Hyderabad group to own Hotshots in IBL |url=http://www.mid-day.com/sports/2013/jun/200613-hyderabad-group-to-own-hotshots-in-ibl.htm |access-date=20 June 2013}}</ref><ref>{{cite news |title=PVP Group buys IBL's Hyderabad franchise |newspaper=ibnlive.in.com |url=http://ibnlive.in.com/news/pvp-group-buys-ibls-hyderabad-franchise/400124-5-135.html |url-status=dead |access-date=19 June 2013 |archive-url=https://web.archive.org/web/20130709121311/http://ibnlive.in.com/news/pvp-group-buys-ibls-hyderabad-franchise/400124-5-135.html |archive-date=9 July 2013}}</ref><ref>{{cite news |title=PVP Group owns Hyderabad Hotshots in Indian Badminton League |newspaper=sports.ndtv.com |url=http://sports.ndtv.com/othersports/badminton/209490-pvp-group-owns-hyderabad-hotshots-in-indian-badminton-league |url-status=dead |access-date=19 June 2013 |archive-url=https://web.archive.org/web/20130627173706/http://sports.ndtv.com/othersports/badminton/209490-pvp-group-owns-hyderabad-hotshots-in-indian-badminton-league |archive-date=27 June 2013}}</ref> participating in the inaugural season in 2013.<ref>
|archive-url=https://web.archive.org/web/20130627173706/http://sports.ndtv.com/othersports/badminton/209490-pvp-group-owns-hyderabad-hotshots-in-indian-badminton-league
|archive-date=27 June 2013
}}</ref> franchise in the [[Premier Badminton League|Indian Badminton League]],<ref>{{cite news |title=Hyderabad group to own Hotshots in IBL |url=http://www.mid-day.com/sports/2013/jun/200613-hyderabad-group-to-own-hotshots-in-ibl.htm |access-date=20 June 2013}}</ref><ref>{{cite news |title=PVP Group buys IBL's Hyderabad franchise |newspaper=ibnlive.in.com |url=http://ibnlive.in.com/news/pvp-group-buys-ibls-hyderabad-franchise/400124-5-135.html |url-status=dead |access-date=19 June 2013 |archive-url=https://web.archive.org/web/20130709121311/http://ibnlive.in.com/news/pvp-group-buys-ibls-hyderabad-franchise/400124-5-135.html |archive-date=9 July 2013}}</ref><ref>{{cite news |title=PVP Group owns Hyderabad Hotshots in Indian Badminton League |newspaper=sports.ndtv.com |url=http://sports.ndtv.com/othersports/badminton/209490-pvp-group-owns-hyderabad-hotshots-in-indian-badminton-league |url-status=dead |access-date=19 June 2013 |archive-url=https://web.archive.org/web/20130627173706/http://sports.ndtv.com/othersports/badminton/209490-pvp-group-owns-hyderabad-hotshots-in-indian-badminton-league |archive-date=27 June 2013}}</ref> participating in the inaugural season in 2013.<ref>
{{cite news
{{cite news
|date=18 June 2013
|date=18 June 2013
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}}
}}
{{cite news
{{cite news
|title=Pawan Kalyan To Do a Film For PVP Cinema
|title=PVP Ventures in media and entertainment financing
|url=http://www.sify.com/finance/pvp-ventures-in-media-and-entertainment-financing-news-business-mcmxAfihhcgi.html
|newspaper=indiaglitz.com
|access-date=18 June 2013
|url=http://www.indiaglitz.com/channels/telugu/article/95617.html
|url-status=dead
|publisher=sify.com
|access-date=18 July 2013
|archive-url=https://web.archive.org/web/20130721103557/http://www.indiaglitz.com/channels/telugu/article/95617.html
|archive-date=21 July 2013
}}
{{cite news
|title=Indian Badminton League 2013: Hyderabad Hotshots win IBL title
|newspaper=ibnlive.in.com
|url=http://ibnlive.in.com/news/indian-badminton-league-2013-hyderabad-hotshots-win-ibl-title/418781-5-135.html
|url-status=dead
|archive-url=https://web.archive.org/web/20130902233501/http://ibnlive.in.com/news/indian-badminton-league-2013-hyderabad-hotshots-win-ibl-title/418781-5-135.html
|archive-date=2013-09-02
}}
{{cite news
|date=1 September 2013
|title=Hyderabad are the Hotshots of the IBL
|newspaper=thehindu.com
|url=http://www.thehindu.com/sport/other-sports/hyderabad-are-the-hotshots-of-the-ibl/article5081934.ece
}}
}}
</ref>
</ref>


In 2008, he expanded into the real estate sector with [[PVP Ventures]] and its real estate development arm, [[PVP Square]]<ref>{{cite news |title=‘PVP Square’ to rise in Banjara Hills |url=http://www.thehindu.com/todays-paper/tp-national/tp-telangana/pvp-square-to-rise-in-banjara-hills/article4864517.ece |newspaper=The Hindu |access-date=18 July 2013}}</ref><ref>{{cite news |title=‘PVP Square’ to rise in Banjara Hills |url=http://articles.timesofindia.indiatimes.com/2013-07-18/hyderabad/40767985_1_pvp-square-hotel-pvp-ventures |newspaper=Times of India |access-date=18 July 2013}}</ref> in Hyderabad.<ref>{{cite news |title=PVP Ventures enters real estate |url=http://www.thehindubusinessline.in/2008/09/12/stories/2008091250210700.htm |newspaper=The Hindu Business Line |access-date=18 July 2013}}</ref>
Prasad is also engaged in [[philanthropy]], serving as the chief patron of the [[Prasad V. Potluri Siddhartha Institute of Technology]]<ref>{{cite web |title=Prasad V Potluri Siddhartha Institute of Technology – Courses & Details |url=http://www.hyderabadspider.com/resources/3393-Prasad-V-Potluri-Siddhartha-Institute-Technology-Courses-Details.aspx |url-status=dead |archive-url=https://web.archive.org/web/20160911160624/http://www.hyderabadspider.com/resources/3393-Prasad-V-Potluri-Siddhartha-Institute-Technology-Courses-Details.aspx |archive-date=11 September 2016 |access-date=29 October 2013 |publisher=hyderabadspider.com}}</ref><ref>{{cite news |title=P.V.P. Siddhartha Institute of Technology (PVPSIT), Vijaywada is approved by AICTE and affiliated to Jawaharlal Nehru Technological University. |newspaper=htcampus.com |url=http://www.minglebox.com/college/P-V-P-Siddhartha-Institute-of-Technology-PVPSIT-Vijayawada}}</ref><ref>{{cite news |title=Prasad V. Potluri Siddhartha Institute of Technology, established in 1998 at Vijayawada |newspaper=jagranjosh.com |url=http://www.jagranjosh.com/institutes-colleges/prasad-v-potluri-siddhartha-institute-of-technology-6379 |url-status=dead |access-date=29 October 2013 |archive-url=https://web.archive.org/web/20180217141944/https://www.jagranjosh.com/institutes-colleges/prasad-v-potluri-siddhartha-institute-of-technology-6379 |archive-date=17 February 2018}}</ref> and a patron at the [[L. V. Prasad Eye Institute]].<ref>{{cite web |title=Our Chairman, is a Patron of L V Prasad Eye Institute. A comprehensive eye health facility headquartered at Hyderabad. |url=http://www.pvpglobal.com/html/csr.html |publisher=www.pvpglobal.com}}</ref> Presently, he maintains strategic investments in Maven Corp,<ref>{{cite news |title=Prasad V. Potluri is the Chairman & Co-founder of Irevna Ltd., a leading business information research services organization. |newspaper=Maven Corp.com |url=http://www.mavencorp.com/Executive1.asp |url-status=dead |archive-url=https://archive.today/20131028093931/http://www.mavencorp.com/Executive1.asp |archive-date=28 October 2013 |df=dmy-all}}</ref><ref>{{cite web |title=Maven Corp.com – About Us – Team Maven – Prasad V. Potluri |url=http://www.mavencorp.com/Executive1.asp |publisher=Maven Corp.com}}</ref> Karvy Consultants,<ref>{{cite news |date=10 October 2001 |title=Karvy to sell 21.82 pc to NRI |newspaper=The Hindu Business Line |url=http://www.hindu.com/businessline/2001/10/11/stories/14111804.htm}}</ref> and is a founding investor of CBay Systems.<ref>{{cite journal |last=Mukherjee |first=Ambarish |date=10 October 2001 |title=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. |url=http://www.hindu.com/businessline/2001/10/11/stories/14111804.htm |url-status=dead |journal=The Hindu Business Line |archive-url=https://archive.today/20131028104559/http://www.hindu.com/businessline/2001/10/11/stories/14111804.htm |archive-date=28 October 2013 |df=dmy-all}}</ref><ref>{{cite web |title=Sebi vs Karvy Stock Broking Ltd. |url=http://www.indiankanoon.org/doc/127298/ |url-status=dead |archive-url=https://archive.today/20131028105334/http://www.indiankanoon.org/doc/127298/ |archive-date=28 October 2013 |access-date=27 June 2007 |publisher=Indiankanoon.org |df=dmy-all}}</ref>

He is also a member of several business associations, including the Indo-American Chamber of Commerce and the Hyderabad Management Association.<ref>{{cite web |title=Business Community |url=http://hyderabadmanagement.org/about-us/members/ |work=Hyderabad Management Association |access-date=18 July 2013}}</ref>


==References==
==References==

Revision as of 17:47, 9 September 2024

Potluri Vara Prasad
Born
Potluri Vara Prasad

8 September 1970 Age(53)
NationalityIndian
Alma materNSM 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]
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 Serial 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

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

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

In 2001, Prasad co-founded Irevna, a company specializing in knowledge process outsourcing services, which was acquired by CRISIL in 2005.[11][12] In 2006, he founded 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 acquired the Hyderabad Hotshots[14] franchise in the Indian Badminton League,[15][16][17] participating in the inaugural season in 2013.[18]

In 2008, he expanded into the real estate sector with PVP Ventures and its real estate development arm, PVP Square[19][20] in Hyderabad.[21]

He is also a member of several business associations, including the Indo-American Chamber of Commerce and the Hyderabad Management Association.[22]

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. ^ "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 $63.65 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. "PVP Ventures in media and entertainment financing". sify.com. Retrieved 18 June 2013.
  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 owns Hyderabad Hotshots in Indian Badminton League". sports.ndtv.com. 19 June 2013. Archived from the original on 27 June 2013. Retrieved 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. "PVP Ventures in media and entertainment financing". sify.com. Retrieved 18 June 2013.
  19. ^ "'PVP Square' to rise in Banjara Hills". The Hindu. Retrieved 18 July 2013.
  20. ^ "'PVP Square' to rise in Banjara Hills". Times of India. Retrieved 18 July 2013.
  21. ^ "PVP Ventures enters real estate". The Hindu Business Line. Retrieved 18 July 2013.
  22. ^ "Business Community". Hyderabad Management Association. Retrieved 18 July 2013.