Date of Birth: 
Place of Birth: Krishna district, Andhra Pradesh, India
About Nimmagadda Prasad
- Nimmagadda Prasad (born 11 October 1961) is an Indian industrialist from Andhra Pradesh, India, known for his ventures in the Pharmaceutical and Television industries, and is involved in philanthropic activities through Nimmagadda Foundation.With master's degrees in Physics and Business Administration, Prasad made a humble beginning as a company executive. With over 15 years of professional experience in multinational pharmaceutical environment, Prasad turned entrepreneur in the year 2000 by acquiring a sick pharmaceutical company in Hyderabad, and made it a great turnaround company, Matrix Laboratories Limited.
- With good product innovation, manufacturing scale, leadership, global marketing footprint and M&A Strategy, Prasad steered Matrix Laboratories as one of the major pharmaceutical companies in India.In a span of 6 years, Prasad built Matrix to a US$1.03 Billion value enterprise before it was acquired by US-based Mylan Inc.
- in 2006.Prasad has played a vital role in establishing Care Hospitals and Asian Institute of Gastroenterology (AIG), two leading healthcare centres started in Hyderabad.
- He served as a board member and was also an investor with both.Prasad continued his entrepreneurial journey by acquiring Maa TV in 2006 and made it a leading Telugu General Entertainment Channel network.
- The revenue of the company has grown to Rs.350 Crores in 7 years.In the year 2015, Maa TV was acquired by Star TV, a wholly owned subsidiary of Rupert Murdoch-owned 21st Century Fox for a consideration of about Rs.
- 2,300 Crore.In 2008, Prasad joined as a local partner with the Government of Ras al-Khaimah for the implementing of a mega infrastructure project under the umbrella of VANPIC for the development of a world-class port-based integrated industrial corridor in the coastal region of Andhra Pradesh.
- This project was expected to transform the hitherto agri-based Guntur and Prakasam districts of Andhra Pradesh into major industrial hubs.
- With regards to VANPIC project, Prasad is embroiled in the alleged disproportionate assets case against Y S Jaganmohan Reddy, President of YSR Congress,Currently, Prasad has forayed into sports as a business by partnering with Sachin Tendulkar, Chiranjeevi and Allu Arvind.
- Their Consortium owns teams across different sports: Football team, Kerala Blasters, a team in the Indian super league. Badminton team, Benguluru Blasters,in the Premier Badminton League (PBL). Lately, they have acquired a team in the Pro Kabaddi League, Tamil Thalaivas.
- It's one of the four new teams introduced in season 5 of the leagueThe consortium actively promotes grassroots and youth development programs for all these sports.Prasad contributed substantially towards the establishment of Pullela Gopi Chand’s badminton academy in its formative yearsAlong with actor Akkineni Nagarjuna, Prasad is one of the major shareholders of the popular TV channel Maa TV.In 2006, Prasad sold off his majority shares in Matrix Pharmaceutical to Mylan Laboratories, USA, a large generic Pharmaceutical Company.
- For his achievements, the state government has honoured him with the "Best Management Award" in 2006. On the other hand, in 2012, he was jailed during CBI's investigation on Y.
- S.
- Jaganmohan Reddy's Disproportionate Assets, for allegedly having paid Rs.
- 8.50 billion on a quid pro quo amounting to Rs 14261.7 million investments in VANPIC and other firms held by him, during Y.
- S.
- Rajasekhara Reddy's government.
- However, these assets were subsequently attached by the Enforcement Directorate of India, and Prasad was granted bail after seventeen months.
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