What we do Praveg Limited operates in advertising, event management, and luxury eco-responsible hospitality across India, offering turnkey creative and experiential services. |
Founded in 1,992 |
Market share Leading player in exhibition, events, and boutique eco-hospitality with strong government and private sector partnerships. |
Problem solved Delivers innovative event infrastructure and unique luxury experiences in eco-tourism, addressing sustainable travel and corporate event needs. |
Top clients or who we serve Serves government tourism departments, corporate clients, and leisure travelers; operates in B2B and B2C segments. |
Key management Dr. Vishnukumar Patel (Chairman); Bhumit Patel (Former Whole-time Director); experienced leadership with strong industry background. |
Our journey and innovations Started in pharma manufacturing, pivoted to communications in 2016, expanded into event management and hospitality, pioneering eco-friendly resorts and marquee Indian events. |
Where we operate Operations mainly in India across Gujarat, Rajasthan, Maharashtra, Uttar Pradesh, Lakshadweep, Daman & Diu. |
Top products or what we offer Key offerings include eco-luxury resorts, large-scale event execution, advertising services, and themed cultural destinations. |
Top brands Praveg Atoll, Praveg Caves, White Rann Resort, Tent City Narmada, Praveg Adalaj Theme Park; strong brand presence in niche eco-tourism and event sectors. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from project-based (event) and recurring hospitality operations, showing a mix of cyclical and recurring income. |
Our industry position Recognized market leader in Indian eco-resort hospitality and national event management with growing advertising segment. |
Financial highlights FY25 consolidated revenue ₹174.43 Cr with net profit ₹16.05 Cr, revenue grew over 80% YoY; strong growth in hospitality and advertising segments. |
Geographical revenue split Revenue from resorts and events primarily in Indian states and union territories with growing footprint in Lakshadweep and Rajasthan. |
Order book - |
Whats driving growth Growth driven by rapid expansion of resorts, strategic partnerships with Mahindra Holidays and IHCL, government contracts, and acquisitions in advertising. |
Our future plans Vision 2028 aims for 2,000+ rooms, 50+ resort locations, and deepened presence in premium eco-responsible hospitality and large-scale events. |
Our green promise Focuses on eco-tourism with non-permanent structures, nature conservation, and sustainable hospitality practices across all resorts. |
Our people and values Employs a skilled, diverse team; emphasizes training and alignment through Employee Stock Option Plans and governance best practices. |
Key challenges ahead Market volatility in travel demand, regulatory changes, competition in luxury hospitality, and maintaining sustainable growth. |
Interesting facts Operates over 827 rooms across 18 properties, awarded Limca record for largest stage, runs Gujarat’s largest tent city near Statue of Unity. |
Risks and strategy Mitigates risks via diversified projects, strong government ties, strategic partnerships, and asset-light hospitality models ensuring operational flexibility. |
