Nimmagadda Prasad

Nimmagadda Prasad

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Category: Business

Nimmagadda Prasad Profile

  • Name:
  • Nimmagadda Prasad
  • Born:
  • October 11, 1961

Nimmagadda Prasad Biography

Nimmagadda Prasad is an entrepreneur and industrialist from Andhra Pradesh. He is associated with Pharmaceutical and Television industries, and is also known for his philanthropic activities. Now Prasad has forayed into sports as a business by partnering with some of the leading film and cricket personalities. Mostly associated with Indian sport league teams, he is a co-owner of Kerala Blasters, a football team in the Indian super league; Benguluru Blasters, a badminton team in the Premier Badminton League and Tamil Thalaivas, a Kabaddi team in Pro Kabaddi League. Prasad is one of the major shareholders of the popular TV channel Maa TV.

 

Nimmagadda Prasad was born on 11 October 1961 in Krishna District, Andhra Pradesh. His father was an army officer. Prasad started his career as a management trainee in Indian Molasses Company in Delhi. He was promoted to salesman at Rhone Poulenc Chemicals, and after merging with Vorin Laboratories he turned general manager of marketing in 1993, and reached till the position of managing director in 1995. When India’s leading pharmaceutical company Ranbaxy acquired Vorin, he rose to many prominent positions within the organization.

 

After having over 15 years of experience in multinational pharmaceutical environment, he turned entrepreneur in the year 2000 by acquiring a sick pharmaceutical company in Hyderabad. It was renamed as Matrix Laboratories Limited, which turned out to be a successful venture, and earned him the fame of a successful entrepreneur. Since then he has successfully ventured into diversified business environments including television, sports and entertainment industry, and currently one of the most successful entrepreneurs among Telugu speaking people. In the later years he also developed political connections with N. Chandrababu Naidu, Y.S. Rajasekhara Reddy, Jaganmohan Reddy and many others.

Published: September 30, 2018

Updated: September 30, 2018

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