Director – Annapurna Studios
Prasad Nimmagadda is an accomplished entrepreneur, best-known for his year-2000 acquisition of a Hyderabad-based ailing business enterprise which he turned into the extraordinarily successful Matrix Laboratories; and his acquisition and turnaround of MAA TV. Known for his visionary thinking, strategic insights and execution capabilities, Mr. Prasad earned “Fastest Wealth Creator” award consecutively for 3 years from 2004 to 2006 from India’s leading Equity Research firm Motilal Oswal Securities. The Government of Andhra Pradesh has also bestowed him with the “Best Management Award” in 2006.
Mr. Prasad is also engaged in numerous philanthropic activities, mostly through his Nimmagadda Foundation, a social service initiative that supports institutions that work in facilitating healthcare, education and empowerment. The foundation, in collaboration with CARE Hospitals, Hyderabad, extends financial support to conduct life-saving congenital heart surgeries/interventions for children belonging to poor families.
Born into an Army officer’s family in 1961, Mr. Prasad pursued his education in Hyderabad and Delhi. He earned a Masters’ Degrees in Science and Business Administration. He is on the Executive Board of the Indian School of Business (ISB), Hyderabad, in addition to his association with several academic, research and business organizations.