We have forayed into Real estate Retail and the Entertainment industries with abackward integration of each of them from our strong experience from the past- an eclecticmix of opportunities learning and grand successes. Below is our company's diverseportfolio description in brief.
REAL ESTATE: During the financial year under review the Company registered a totalrevenue of Rs. 3833.64 Lakhs on Standalone basis as compared to the previous year's totalrevenue of Rs. 2752.40 Lakhs. Further total revenue on consolidated basis is Rs.15666.88 Lakhs as compared to the previous year's total revenue of Rs. 15735.68 lakhs.The Standalone PAT (Profit after Tax) stood at Rs. 2067.38 lakhs as against Rs.155.60lakhs in the year 2015-16 and the Consolidated PAT stood at Rs. 821.80 lakhs as againstRs. 32.67 lakhs in the previous year.
RETAIL: The Company has forayed into the retail consumer services industry throughits wholly owned subsidiary M/s Safetrunk Services Private Limited. The Company is intoSafe Deposit Lockers Business under the brand name "SAFETRUNK" with exclusivesafe deposit locker offering for retail customers with state of the art security systems24x7 operational availability and white glove service standards.
ENTERTAINMENT: The Indian Media and Entertainment (M&E) industry is a sunrisesector for the economy and is making high growth strides with an expected growth at aCAGR of 14.3 per cent to Rs. 2260 billion by 2020 predicted the KPMG-FICCI Media andEntertainment industry report 2016.
During the last year the Government of India has supported Media and Entertainmentindustry's growth by taking various initiatives such as digitising the cable distributionsector to attract greater institutional funding increasing FDI limit from 74 per cent to100 per cent in cable and DTH satellite platforms. PVP Ventures plans to foray into thisindustry so as to seize the emerging opportunities available in this sector leading to thevalue addition in the company.
With the expected growth and prospects in the three industries viz; Real Estate Retailand Entertainment and the Company's diversified business verticals in these industrieswith a strategy of targeted growth PVP Ventures foresee a progressive future andremarkable performance for itself in the years to come.
Prasad V. Potluri
Chairman & Managing Director