Message From the Chairman
There has been an explosion in several sectoral opportunities in India. PVP VenturesLtd has been created with an express objective of owning and managing multiple businesseswith a definite growth potential .
As you are aware the Consumer is driving Indias growth. Though India remained anunder-consuming nation across most of the products and commodities for several decadesthe wave of reforms and globalization has spurred the personal disposal incomes of theconsumers in the last two decades. This naturally triggered an increase in consumerspending.
PVP Ventures has chosen to position itself as a company with interest in businessesthat are riding the Indian consumption wave and enjoy specific competitive advantages thatliberate it from being me-too syndrome which are not held hostage bytechnology obsolescence and are not engaged in areas marked by regulatory control.
PVP Ventures Ltd will keep incrementally adding to its portfolio of various businessverticals by utilizing its cross-Group competencies and optimizing its corporate growthpotential.
These companies will be managed through a balance of control; and delegation that makesit possible to reconcile the enunciated strategic direction with operational empowerment.
For PVP Ventures Ltd the journey in the last five years has been that of learning thechallenges in India and maintaining equanimity especially with an entrepreneur from theWest at the helm. A lot of geopolitical situations have pushed us into a turbulence due tothe persistent agitations over the bifurcation of the State of andhra Pradesh during thelast 5 years.
We just started our enterprise in 2007 and were planning to diversify ourselves byventuring into power sector and other areas in September 2008. But the Lehmann Brotherscrisis in 2009 had hit us very hard.
We went into a turbulent situation of investigations and remained as a questionablecompany in the last five years. However there has been tremendous amount of learning asto how to wade through in times of turbulence in the last five years while navigating inthe complex terrain of Indian environment as an organization.
Post 2011 we changed our growth strategy focusing more on Media (Broadcasting ) &Entertainment Sports Management. We held our horses together. Today we are one of thefew companies with no financial stress and with a comprehensive strategy in place.
The strategy is that PVP Ventures will totally focus on property development and urbaninfrastructure development leveraging its expertise that it has gained in the last five toseven years not only as a landlord but as a developer too. As a developer we builtinstitutional competency and we understand that in urban infrastructure what is alsoimportant apart from institutional competency is brand and goodwill.
The strategic importance of Indias realty sector as an engine of growth cannot beemphasised more. While playing a central role in the development of the countrysinfrastructure base the real estate sector is one of the largest generators of economicactivity.
With multiple cross-linkages across various industries like cement steel chemicalsIT/ITeS manufacturing and retail the real estate sector is at the core of theconstruction industry and is a conduit for private sector participation in Indiasbuilt environment.
So the goal in the next five years is to grow as a leader in the realm of urbaninfrastructure and property development and scale up Media & Entertainment business. Asteady cash flow from the Binny Mills Project will take care of the investments requiredfor our expansion plans and will be spent judiciously for expanding in the propertydevelopment and urban infrastructure.
The goal is also to have a $1 billion worth projects in the pipeline in the next fiveyears across South India including but not limited to Tamil Nadu Telangana andhraPradesh Karnataka and Kerala.
The present financial year will be pretty exciting for us. We will fast track the BinnyMills Development as also launch development of another project of similar size and attainscalability in the urban infrastructure space during this financial year.
Our unique initiatives as an institutional investor in the Entertainment industry isone of its kinds in the last 50 years of Indian entertainment and media industry. Thisyear we are pretty sure that our efforts will add sizable revenue to the bottom line.
Talent and resource mobilization are the two major challenges for PVP Ventures. As amid-sized company getting the senior and middle management talent and retaining them willbe the next big internal challenge for us. And we are working on getting the best talentbehind us.
The worst is behind us. Now people are talking to us; people are proactivelyapproaching us to partner with us.
Consumption is the buzz word in the world of business. Consumption is the mantra forthe success of all businesses. Consumerism underwent a metamorphosis in the last couple ofdecades. Like anyone else we too believe in the oft-repeated saying that consumer is theKing. As we go forward our credibility goodwill global standards and non-compromisingquality will take us closer and closer to the consumer.
With my warmest regards
Prasad V. Potluri
Chairman & Managing Director