Praveg Ltd

Praveg Ltd

Praveg Ltd (Formerly known as Sword & Shield Pharma Ltd) was incorporated as a Public Limited Company on March 23 1992 with the Registrar of Companies Gujarat State. The Company obtained Certificate of Commencement on March 7th 1995. Thereafter the name of the Company changed from Sword & Shield Pharma Ltd to 'Praveg Communications (India) Ltd' dated December 2 2020. Further the Company changed the name from 'Praveg Communications (India) Ltd' to 'Praveg Ltd' on November 28 2022. Founded in year 2005 the Company is a renowned name for offering creative solutions across varied media and domains on a turnkey basis. Presently it is engaged in business of providing services of Advertising Hospitality Management and Organization of Events and Exhibitions. Initially the Company was engaged in the business of Manufacturing and Trading of Pharmaceutical and other allied Pharmaceutical Products which was closed down in the year 2015-16 by selling of the its Manufacturing Unit i.e. Factory Land and Building through Slump Sale.The Board of Directors at its meeting held on 26th April 2017 had approved the Scheme of Amalgamation and Arrangement between Sword & Shield Pharma Limited (the Transferee Company) and Praveg Communications Limited (the Transferor Company). Pursuant to the Scheme of Amalgamation entire investments of Praveg Communications Limited including investments in subsidiary companies stood transferred to Praveg Communications (India) Limited (Formerly known as Sword and Shield Pharma Limited). Further the merger of Praveg Communications Limited with Sword and Shield Pharma Limited with effect from April 1 2016 has led to creation of Praveg Communications (India) Limited. Post-merger the Company is a leading Advertising company in Exhibition and Event Management. It is is also into the Hospitality sector. Apart from these it is having an in-house modern design studio a team of qualified and experienced professionals and sophisticated event infrastructure. During the year 2020-21 the Company transferred its entire holding of 50.20% in Praveg Tourism Private Limited on September 15 2020 and post the aforesaid transfer Praveg Tourism Private Limited has ceased to be its Subsidiary.In year 2022 the Company acquired land at 4 locations mainly Jawai Velavadar Ranthambore & Udaipur for development of high-end hospitality projects.