imported>Struway2: Undid revision 1040106823 by Ken Tony (talk) per WP:SUR

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Undid revision 1040106823 by Ken Tony (talk) per WP:SUR

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{{Infobox person
| name = Potluri Vara Prasad
| birth_place = 8 September 1970 [[Vijayawada]], [[Andhra Pradesh]], India
| nationality = Indian
| alma_mater = NSM Public School Vijayawada and Andhra Loyola College, [[Vijayawada]], [[KL University]]
| occupation = Serial entrepreneur Ex Co-owner of [[Kerala Blasters FC|Kerala Blasters F.C.]] Owner of [[Hyderabad HotShots]] CMD{{spaced ndash}}PVP Ventures<ref>{{cite news|title=Management Info – PVP Ventures Ltd|url=http://profit.ndtv.com/stock/pvp-ventures-ltd_pvp/reports|newspaper=Ndtv Profit}}</ref>
| image = Prasad_V_Potluri.png
| image_size =
| alt =
| caption =
| party = [[YSR Congress Party]] (2019-present)
| birth_date =
| death_date =
| death_place =
| known_for =
| education =
| employer =
| years_active =
| net_worth =
| spouse = Jhansi Sureddy<ref>{{cite news|title=Jhansi Sureddy, wife of Mr. Prasad V. Potluri|url=http://economictimes.indiatimes.com/cmpnewsdisp.cms?companyid=8443&newsid=461498|newspaper=The Economic Times|date=21 November 2011}}</ref>
| partner =
| children = Daughter : Pearl Vara. Potluri, Son : Param Vara. Potluri
| website = https://www.pvpglobal.com
| signature =
}}

'''Potluri Vara Prasad''' (born 8 September 1970), popularly known as "PVP", is a [[serial entrepreneur]], philanthropist and [[educationalist]].<ref>{{cite web|title=Interview with Prasad V. Potluri|url=http://www.idlebrain.com/celeb/interview/prasadvpotluri.html|work=Idlebrain.com|publisher=Jeevi|access-date=26 November 2011}}</ref><ref>{{cite journal|title=Potluri V. Prasad is an Indian entrepreneur, film financer, producer, philanthropist and educationalist|journal=Movies Dosthana|url=http://movies.dosthana.com/Prasad-Vara-Potluri-biography|access-date=25 May 2019|archive-url=https://web.archive.org/web/20160307124819/http://movies.dosthana.com/prasad-vara-potluri-biography|archive-date=7 March 2016|url-status=dead}}</ref> 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.<ref>{{cite web|title=Prasad V. Potluri Chairman & Managing Director|url=http://www.pvpglobal.com/html/board_directors.html}}</ref><ref>{{cite journal|title=Prasad V. Potluri BME, MES – Chairman and Managing Director, PVP Ventures Ltd.|journal=Bloomberg Businessweek|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=29509012&ticker=PICT:IN}}</ref> During that decade, he was the driving force behind many companies, including Procon Inc.,{{cn|date=February 2020}} Albion Orion Company LLC, Irevna Ltd.<ref>{{cite journal|title=CRISIL Irevna UK Limited was formerly known as Irevna Limited and changed its name to CRISIL Irevna UK Limited in June 2012|date=22 October 2013|url=http://www.insideview.com/directory/irevna-limited|access-date=28 October 2013|archive-url=https://web.archive.org/web/20121009061816/http://www.insideview.com/directory/irevna-limited|archive-date=9 October 2012|url-status=dead}}</ref><ref>{{cite web|title=CRISIL IREVNA UK LIMITED : Crisil Irevna UK Limited was incorporated on 15 Nov 2000 and is located in London. The company's status is listed as "Live" and it currently has 3 directors. It was founded by Selvan Kulandai Swamy, Prasad Veera Potluri. Crisil Irevna UK Limited employed 50–99 people. They have one subsidiary, Coalition Development Limited.|url=https://www.duedil.com/company/04111165/crisil-irevna-uk-limited|access-date=31 December 2012}}</ref><ref>{{cite web|title=About Irevna UK Limited : Irevna UK Limited was registered on 03 May 2001 with its registered office in London. The business has a status listed as "Dissolved" and it had 2 directors at the time it closed. It was founded by Kulandaiswamy Selvan, Prasad Veera Potluri. Irevna UK Limited has no subsidiaries.|url=https://www.duedil.com//company/04210630/irevna-uk-limited|publisher=DueDil Limited|access-date=31 August 2002|archive-url=https://web.archive.org/web/20131029201528/https://www.duedil.com//company/04210630/irevna-uk-limited|archive-date=29 October 2013|url-status=dead}}</ref> Procon Inc. was acquired by RCM Technologies in 1998. AOC, LLC was acquired by SSI<ref>{{cite news|title=SSI to acquire US firm in $64-m stock, cash deal|url=http://www.hindu.com/businessline/2000/09/19/stories/14193907.htm|newspaper=The Hindu Business Line (Archive.is)|date=18 September 2000|url-status=dead |archive-url=https://archive.today/20131011083823/http://www.hindu.com/businessline/2000/09/19/stories/14193907.htm|archive-date=11 October 2013|df=dmy-all}}</ref> in 2000 for INR 2.92 billion,<ref>{{cite news|title=SSI to acquire US firm in $64-m stock, cash deal|url=http://www.hindu.com/businessline/2000/09/19/stories/14193907.htm|newspaper=The Hindu Business Line|date=18 September 2000}}</ref> 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<ref>{{cite news|title=Prasad V. Potluri is the Chairman & Co-founder of Irevna Ltd., a leading business information research services organization.|url=http://www.mavencorp.com/Executive1.asp|newspaper=Maven Corp.com|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> and Karvy Consultants<ref>{{cite news|title=Karvy to sell 21.82 pc to NRI|url=http://www.hindu.com/businessline/2001/10/11/stories/14111804.htm|newspaper=The Hindu Business Line|date=10 October 2001}}</ref> & a Founding Investor of CBay Systems.<ref>{{cite journal|last=Mukherjee|first=Ambarish|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.|journal=The Hindu Business Line|date=10 October 2001|url=http://www.hindu.com/businessline/2001/10/11/stories/14111804.htm|url-status=dead |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/|publisher=Indiankanoon.org|access-date=27 June 2007|url-status=dead |archive-url=https://archive.today/20131028105334/http://www.indiankanoon.org/doc/127298/|archive-date=28 October 2013|df=dmy-all}}</ref>

Presently he is the chairman & managing director of PVP Ventures Ltd.,<ref>{{cite web|title=Prasad V. Potluri Chairman & Managing Director|url=http://www.pvpglobal.com/html/board_directors.html|work=PVP Ventures Official Website|publisher=www.pvpglobal.com}}</ref>

PVP is a publicly traded corporation traded on [[Bombay Stock Exchange|BSE]],<ref>{{cite web|title=PVP Ventures Ltd. {{!}} BSE Code: 517556|url=http://profit.ndtv.com/stock/pvp-ventures-ltd_pvp|publisher=profit.ndtv.com}}</ref> [[National Stock Exchange of India|NSE]]<ref>{{cite news|title=PVP Ventures {{!}} NSE: PVP|url=http://www.moneycontrol.com/india/stockpricequote/constructioncontractingrealestate/pvpventures/PVP|newspaper=Moneycontrol.com}}</ref> & [[London Stock Exchange|LSE]]<ref>{{cite web|title=BK05 PVP VENTURES LD GDS (REPR 1/10 OF 1 COM STK INR10)(144A)|url=http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=US6936641041USUSDMISC|publisher=londonstockexchange.com|access-date=29 October 2013|archive-url=https://web.archive.org/web/20160303221902/http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=US6936641041USUSDMISC|archive-date=3 March 2016|url-status=dead}}</ref> 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.<ref>{{cite news|title=India's largest organized media capital house – PVP Cinema will be working with Pawan Kalyan for his next movie after Gabbar Singh 2.|url=http://andhratimes-andhratimes.blogspot.in/2013/10/pawan-kalyan-says-yes-for-venture-with.html|newspaper=Andhra Times Blog|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}}</ref><ref>{{cite journal|title=PVP Cinema announces 5 biggies|journal=Telugucinema.com|date=26 November 2011|url=http://www.telugucinema.com/c/publish/movietidbits/pvpcinema_nov072011.php|access-date=2 March 2013|archive-url=https://web.archive.org/web/20120226085740/http://www.telugucinema.com/c/publish/movietidbits/pvpcinema_nov072011.php|archive-date=26 February 2012|url-status=dead}}</ref><ref>{{cite news|title=Pawan Kalyan To Do a Film For PVP Cinema|url=http://www.indiaglitz.com/channels/telugu/article/95617.html|access-date=18 July 2013|newspaper=indiaglitz.com}}</ref><ref>{{cite news|title=PVP Cinema, one of the India's leading media and entertainment house, which has delivered quality and cutting edge entertainment believes this project will be one of their most ambitious film|url=http://timesofap.com/cinema/pawan-kalyan-teams-up-with-pvp-cinema.html|date=18 June 2013}}</ref>

He is chief patron of Prasad Vara. 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|publisher=hyderabadspider.com|access-date=29 October 2013|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|url-status=dead}}</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.|url=http://www.minglebox.com/college/P-V-P-Siddhartha-Institute-of-Technology-PVPSIT-Vijayawada|newspaper=htcampus.com}}</ref><ref>{{cite news|title=Prasad V. Potluri Siddhartha Institute of Technology, established in 1998 at Vijayawada|url=http://www.jagranjosh.com/institutes-colleges/prasad-v-potluri-siddhartha-institute-of-technology-6379|newspaper=jagranjosh.com|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|url-status=dead}}</ref> in [[Vijaywada]]. He is also a patron in [[LV 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> He is the owner of the [[Hyderabad Hotshots]],<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|url=http://ibnlive.in.com/news/pvp-group-buys-ibls-hyderabad-franchise/400124-5-135.html|archive-url=https://web.archive.org/web/20130709121311/http://ibnlive.in.com/news/pvp-group-buys-ibls-hyderabad-franchise/400124-5-135.html|url-status=dead|archive-date=9 July 2013|access-date=19 June 2013|newspaper=ibnlive.in.com}}</ref><ref>{{cite news|title=PVP Group owns Hyderabad Hotshots in Indian Badminton League|url=http://sports.ndtv.com/othersports/badminton/209490-pvp-group-owns-hyderabad-hotshots-in-indian-badminton-league|access-date=19 June 2013|newspaper=sports.ndtv.com|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|url-status=dead}}</ref> one of the six franchises of [[Indian Badminton League]] and former co-owner of the [[Kerala Blasters FC|Kerala Blasters F.C.]]

==Business career==

===CEO/Founder, Procon, Inc. Michigan, 1996 to 1998===

Founded and built an IT services company into one of the fastest growing IT services players in the USA. Began the company with $100 and grew to a 225 employee base and revenues of $22m in 27 months. Successfully sold the company with RCM for $32m in November 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>

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

Founded 'Albion Orion Company',<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> 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.<ref>{{cite web|title=Albion Orion goodwill drags SSI bottomline|url=http://www.thehindubusinessline.in/2002/10/31/stories/2002103101030700.htm|work=thehindubusinessline.in|publisher=BLFeedback}}</ref>

===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.,<ref>{{cite web|title=Crisil buys Irevna for Rs 43 cr|url=http://www.thehindubusinessline.in/2004/10/20/stories/2004102002710100.htm|work=thehindubusinessline.in|access-date=19 October 2004}}</ref> an S&P company in May 2005. This company contributes 50% of entire profitability for Crisil in the current environment.<ref>{{cite web|title=Crisil Capital Markets|url=http://m.indiainfoline.com/newsdetail/IPONews/Crisil/4960839422|publisher=indiainfoline.com|access-date=22 July 2013|archive-url=https://web.archive.org/web/20131101143107/http://m.indiainfoline.com/newsdetail/IPONews/Crisil/4960839422|archive-date=1 November 2013|url-status=dead}}</ref>

===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 [[Mergers and acquisitions|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 [[Bombay Stock Exchange|BSE]]<ref>{{cite web|title=Picturehouse Media Ltd (PICT.BO)|url=http://in.reuters.com/finance/stocks/overview?symbol=PICT.BO|archive-url=https://web.archive.org/web/20130311203040/http://in.reuters.com/finance/stocks/overview?symbol=PICT.BO|url-status=dead|archive-date=11 March 2013|work=reuters.com|publisher=in.reuters.com}}</ref><ref>{{cite web|title=Picturehouse Media Ltd. BSE:532355|url=http://economictimes.indiatimes.com/telephoto-entertainments-ltd/stocks/companyid-3586.cms|work=economictimes.indiatimes.com}}</ref> ) 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 [[Visionary|vision]], PVP made a bid for [[Deccan Chargers]] Team ([[Hyderabad]] franchise of [[Indian Premier League]]) and emerged as the highest [[bidder]].<ref>{{cite news|title=Hyderabad-based PVP Ventures to bid for new IPL franchise|url=http://www.cricketcountry.com/cricket-articles/Hyderabad-based-PVP-Ventures-to-bid-for-new-IPL-franchise/19058|newspaper=cricketcountry.com|date=23 October 2012}}</ref><ref>{{cite news|title=Deccan Chargers rejects Rs 900 cr bid|url=http://www.firstpost.com/business/deccan-chargers-rejects-rs-900-cr-bid-5-facts-about-pvp-ventures-454369.html|newspaper=firstpost.com|date=13 September 2012}}</ref> PVP has recently invested in the [[Hyderabad]] franchise "[[Hyderabad Hotshots]]"<ref>{{cite web|title=PVP Group owns Hyderabad Hotshots in IBL|url=http://zeenews.india.com/sports/others/pvp-group-owns-hyderabad-hotshots-in-ibl_763622.html|work=zeenews.india.com|access-date=19 June 2013}}</ref><ref>{{cite news|title=PVP Group owns Hyderabad Hotshots in Indian Badminton League|url=http://ibnlive.in.com/news/pvp-group-buys-ibls-hyderabad-franchise/400124-5-135.html|archive-url=https://web.archive.org/web/20130709121311/http://ibnlive.in.com/news/pvp-group-buys-ibls-hyderabad-franchise/400124-5-135.html|url-status=dead|archive-date=9 July 2013|newspaper=sports.ndtv.com|date=19 June 2013}}</ref><ref>{{cite news|title=PVP Group buys IBL's Hyderabad franchise|url=http://ibnlive.in.com/news/pvp-group-buys-ibls-hyderabad-franchise/400124-5-135.html|archive-url=https://web.archive.org/web/20130709121311/http://ibnlive.in.com/news/pvp-group-buys-ibls-hyderabad-franchise/400124-5-135.html|url-status=dead|archive-date=2013-07-09|newspaper=ibnlive.in.com}}</ref><ref>{{cite news|title=PVP Group buys first IBL franchise|url=http://www.deccanherald.com/content/339821/pvp-group-buys-first-ibl.html|newspaper=deccanherald.com|date=19 June 2013}}</ref> of [[Indian Badminton League]] and emerged as the Winning Champions in the Inaugural season of league – 2013.<ref>{{cite news|title=Indian Badminton League 2013: Hyderabad Hotshots win IBL title|url=http://ibnlive.in.com/news/indian-badminton-league-2013-hyderabad-hotshots-win-ibl-title/418781-5-135.html|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|url-status=dead|archive-date=2013-09-02|newspaper=ibnlive.in.com}}</ref><ref>{{cite news|title=Hyderabad Hotshots win inaugural IBL title|url=http://news.oneindia.in/2013/08/31/hyderabad-hotshots-win-inaugural-ibl-title-beating-awadhe-warriors-3-1-1296461.html|newspaper=news.oneindia.in|date=1 September 2013}}</ref><ref>{{cite news|title=Hyderabad are the Hotshots of the IBL|url=http://www.thehindu.com/sport/other-sports/hyderabad-are-the-hotshots-of-the-ibl/article5081934.ece|newspaper=thehindu.com|date=1 September 2013}}</ref><ref>{{cite news|title=IBL: Saina-led Hyderabad Hotshots defeat Awadhe Warriors 3-1 to win title|url=http://www.dnaindia.com/sport/report-ibl-saina-led-hyderabad-hotshots-defeat-awadhe-warriors-3-1-to-win-title-1882426|newspaper=dnaindia.com|date=31 August 2013}}</ref>

==Philanthropy==
Potluri Vara Prasad sponsored young [[chess]] prodigy Priyanka Nuttaki for her participation in the [[Asian Chess Championship]] held in [[Iran]].<ref>{{cite news|title=PVP Group's gesture to world chess champ|url=http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/pvp-groups-gesture-to-world-chess-champ/article4780326.ece|date=4 June 2013}}</ref>

== Political life ==
In March 2019, PVP joined [[YSR Congress Party]] in presence of [[Y. S. Jaganmohan Reddy]]. He got the [[Lok Sabha]] seat from [[Vijayawada (Lok Sabha constituency)|Vijayawada]].<ref>{{Cite web|url=https://www.99telugu.com/pvp-joins-ycp/amp/|title=Pvp joins YCP likely to contest Vijayawada MP seat}}</ref><ref>{{Cite web|url=https://www.thenewsminute.com/article/lok-sabha-polls-2019-full-list-ysrcp-candidates-andhra-pradesh-98996|title=Lok Sabha polls 2019: Full list of YSRCP candidates in Andhra Pradesh
}}</ref>

==References==
{{Reflist}}

{{DEFAULTSORT:Potluri, Prasad V}}
[[Category:Telugu film producers]]
[[Category:Indian film distributors]]
[[Category:Businesspeople from Vijayawada]]
[[Category:Living people]]
[[Category:Kerala Blasters FC owners]]
[[Category:Film producers from Andhra Pradesh]]
[[Category:1970 births]]
[[Category:YSR Congress politicians]]

Prasad V. Potluri - Revision history

imported>Struway2: Undid revision 1040106823 by Ken Tony (talk) per WP:SUR