Praveg Limited
228.03
INR
+7.81
(+3.55%)
ISIN
INE722B01019
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Vishnukumar V. Patel
- Full Time Employees
- 1,024
- Sector
- Health technology
- Industry
- Pharmaceuticals: major
- Address
- Westport Ahmedabad GU India 380059
- IPO Date
- Feb 9, 1996
- Website
- dizcoverpraveg.com
- Similar Companies
- Business
- Praveg Limited operates as an experiential hospitality and event management company primarily in India with international expansion plans. The company offers luxury resorts, boutique hotels, and exclusive vegetarian properties featuring accommodations, dining, bars, banquets, conference and meeting rooms, spas, fitness centers, swimming pools, and related assistance services; organizes events, exhibitions, conventions, trade shows, and destination weddings; provides advertising and promotion services; and publishes its magazine Praveg’s Tourism One. It serves tourists, event and conference attendees, wedding guests, food and beverage patrons, and business travelers across destinations including Gujarat, Lakshadweep, Daman and Diu, Ayodhya, Rajasthan, and Maharashtra, with operations extending to Tanzania through its subsidiary Praveg Safaris Tanzania Limited incorporated in 2023. Praveg Limited, formerly Praveg Communications (India) Limited, was incorporated in 1995 and maintains its headquarters in Ahmedabad, India. In recent developments, Praveg Limited completed the acquisition of 51% stakes each in Abhik Advertising Private Limited and Bidhan Advertising and Marketing Private Limited in 2024, bolstering its advertising capabilities and adding ownership of extensive outdoor advertising units in Gujarat. The company entered strategic partnerships, including a three-year inventory agreement with Mahindra Holidays & Resorts India Limited in December 2024 for 70 rooms in Daman, Diu, and Ayodhya, and collaborations with Roots Corporation Limited (Ginger, an IHCL brand) for properties like Jalandhar House in Diu and a hotel management agreement with Indian Hotels Company Limited for Praveg Atoll on Bangaram Island in 2025. It launched luxury resorts such as Praveg Atoll Bangaram Island in Lakshadweep in January 2025, expanded its room network to over 775 across 15 resorts and one hotel, and secured a 35-year lease for a new resort at Dhordo with 46 luxury tents and 42 dormitories, alongside plans for 13 additional properties by FY26 including in Lakshadweep, Rajasthan, and Silvassa.