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

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, 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

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

  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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