Prasad V Potluri
Prasad V Potluri

Prasad V Potluri

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Potluri Vara Prasad (born 8 September 1970), popularly known as "PVP", is a serial entrepreneur, philanthropist and educationalist. He owns the film production company called PVP cinema. He was Born to Potluri Raghavendra Rao and P Manga Taradevi. He has two siblings. As a serial entrepreneur in the global outsourcing services space, he built and sold 3 companies. During that decade, he was the driving force behind many companies, including Procon Inc., Albion Orion Company LLC, Irevna Ltd. Procon Inc. was acquired by RCM Technologies in 1998. AOC, LLC was acquired by SSI in 2000 for INR 2.92 billion, 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 and Karvy Consultants & a Founding Investor of CBay Systems.Presently he is the chairman & managing director of PVP Ventures Ltd.,PVP is a publicly traded corporation traded on BSE, NSE & LSE 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 mainstream film production under the banner of PVP Cinema is one of the largest production houses in the country.He is chief patron of Prasad Vara. Potluri Siddhartha Institute of Technology, in Vijaywada. He is also a patron in LV Prasad Eye Institute. He is the owner of the Hyderabad Hotshots, one of the six franchises of Indian Badminton League and former co-owner of the Kerala Blasters F.C.

Early life and family

Prasad Vara. Potluri was born in Vijayawada, Andhra Pradesh to P. Raghavendrarao and P. Mangataradevi. After his schooling from the NSM Public School in Vijayawada, he completed his Bachelors in Mechanical Engineering from KL University. He is the Husband of Jhansi. Sureddy, and the Father of Daughter : Pearl and Son : Param He has been involved in shady deals where he was accused of misrepresenting land deals with Deutsche Bank.

CEO/Founder, Albion Orion Company LLC, Michigan, 2000

Founded 'Albion Orion Company', 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.

Chairman/Founder, IREVNA Ltd., London, United Kingdom, 2001 to 2005

Co-founded and built Irevna Ltd., an organisation providing 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., an S&P company in May 2005. This company contributes 50% of entire profitability for Crisil in the current environment.

Chairman and managing director, PVP Ventures Ltd., September 2006 to 2007

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 ) 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. PVP has recently invested in the Hyderabad franchise "Hyderabad Hotshots" of Indian Badminton League and emerged as the Winning Champions in the Inaugural season of league – 2013.

Chairman and managing director, PVP Ventures Ltd., September 2006 to 2007

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 ) 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. PVP has recently invested in the Hyderabad franchise "Hyderabad Hotshots" of Indian Badminton League and emerged as the Winning Champions in the Inaugural season of league – 2013.

Political Life

In March 2019, PVP joined YSR Congress Party in presence of Y. S. Jaganmohan Reddy. He lost the Lok Sabha seat from Vijayawada.
Source: Wikipedia

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