### **Overview** Praveg Limited is a vertically integrated, asset-light player in India’s experiential tourism ecosystem, operating across **hospitality, event & exhibition management, advertising, and real estate marketing**. With over two decades of experience—originally established as Praveg Communications Pvt. Ltd.—the company has strategically transformed from an event management specialist into a **leader in eco-responsible luxury hospitality**, offering high-end, design-led experiences in ecologically sensitive and culturally significant locations. Leveraging its core competencies in rapid deployment of temporary structures, in-house creative design, and public-private partnerships, Praveg has built a diversified portfolio across multiple revenue streams. The company is on an aggressive growth trajectory, targeting **Vision 2028: 2,500+ rooms across 65+ locations**. --- ### **Core Business Segments** 1. **Hospitality & Tourism** 2. **Events & Exhibitions** 3. **Advertising & Media Monetization** 4. **Real Estate Marketing & Skill Development** Revenue for FY25 was driven primarily by: - **Events, Exhibitions & Hospitality**: ₹132.77 crore (79.3% of total) - **Advertising Segment**: ₹34.41 crore (20.7% of total) - **Total Income (FY23–24)**: ₹174.43 crore - **EBITDA (FY23–24)**: ₹56.88 crore (+77% YoY) - **Net Profit (FY23–24)**: ₹16.13 crore --- ### **Strategic Growth Areas (Nov 2025)** #### **1. Expansion in Lakshadweep: Flagship New Resorts** Praveg is developing two key luxury resorts on **Thinnakara North and South Islands**, each with **100 rooms**, offering: - Premium experiences including yachting, water sports, and large-scale destination weddings (200–250 guests). - Strong ancillary revenue potential from corporate retreats, government conferences, and exhibitions. - Expected to contribute **30–40% of future revenue stream**, with full operations beginning in early 2026. > - **Bangaram Island Resort (100 rooms)**: Managed under **IHCL’s “SeleQtions” luxury brand**, launched January 2025. > - **Projected Room Rate**: INR 12,000–15,000 (private rooms), INR 2,500–3,500 (dormitories). > - **Occupancy Target**: 55%–60%, rising to 8–9 months of peak season annually. These projects are part of a **35-year concession agreement**, ensuring long-term visibility and value creation. --- #### **2. New Destination Resorts & Unique Concepts** Praveg continues to innovate with **experience-first, location-specific resort designs**: - **Dholavira Luxury Eco-Resort (Gujarat)** - Located near UNESCO World Heritage Site (Indus Valley Civilization). - Features **20-ft A-frame glass-walled cottages** for panoramic stargazing. - Targets **heritage, solitude, and astrotourism** travelers. - **Ghoghla Beach Resort (Diu)** - **Hobbit-inspired wooden cottages** designed to appeal to experiential and social media-savvy travelers. - Has already served **over 32,900 guests**, demonstrating strong demand traction. - **Praveg Caves Jawai (Rajasthan)** - **20 accommodations**, including 12 cave-style rooms and 8 luxury tents. - **Room rate: ₹18,000–₹22,000**; projected occupancy: **60%–70%**. - **Adalaj Theme Park & Event Venue (Gujarat)** - “**The Vaav**” – a **stepwell-inspired multi-purpose space** for Sufi nights, art exhibitions, weddings, and corporate events. - Positioned as a **hybrid hospitality and premium event destination** between Ahmedabad and Gandhinagar. --- #### **3. Asset-Light & Sustainable Development Model** Praveg follows a **low-capital, high-return operating model** that enables: - **Faster execution**: Projects developed in **1.5 to 2 years** vs. industry standard of 3–4 years. - Use of **non-permanent or semi-temporary structures** (e.g., tents, modular cottages), avoiding depreciation and enabling tourism in ecologically sensitive zones. - **Lower CAPEX**: Room development cost between **₹15–40 lakhs**, depending on design, compared to ₹1.25–1.5 crore for traditional urban hotels. - **Rapid profitability**: New properties achieve EBITDA in **1–2 quarters** and full profitability in peak season. This model supports **sustainability, regulatory compliance**, and **scalability across remote or protected sites** (e.g., riverbanks, islands, wildlife zones). --- #### **4. Strategic Partnerships & Brand Collaborations** - **Indian Hotels Company Limited (IHCL)**: Managing **Bangaram Island Resort** under **SeleQtions**, enhancing service standards and luxury appeal. - **Ginger (by IHCL)**: Operating the **Jalandhar Circuit House Resort in Diu**, combining eco-luxury with institutional management. - **Mahindra Holidays & Resorts (MHRIL)**: Strategic tie-up to allocate **80 rooms across Praveg properties** into Club Mahindra network, boosting occupancy and visibility. - **Taj Group**: Operating **Jalandhar House**, hosting high-profile events, including the visit by the President of India. --- #### **5. Advertising & Smart Infrastructure Business** Praveg diversified into advertising via **acquisition of 51% stakes in Abhik Advertising and Bidhan Advertising**, creating a powerful cross-sector platform: - **Outdoor Media Network**: Integration of **700 hoardings**; contract for **300+ with Gandhinagar Urban Development Authority**. - Secured **HPCL advertising contract** across Maharashtra and Goa (excluding Mumbai). - **Smart Toilets Initiative**: - **Special Purpose Vehicle (SPV)** with 15-year exclusive rights in Ahmedabad. - Government-funded construction; revenue from advertising and operations. - Expansion underway in **Jaisalmer (Rajasthan), Delhi, Mumbai, and Gurgaon**. - National replication potential due to urban infrastructure demand. Projected advertising revenue: - **FY25**: ₹40 crore - **FY26**: ₹45 crore - **EBITDA Margins**: 35–40% --- #### **6. Strong Government Ties & PPP Model** Praveg has deep partnerships with tourism departments of: - Gujarat, Rajasthan, Uttar Pradesh, Daman & Diu, Lakshadweep > - **Long-term contracts** (5–35 years) ensure revenue stability. > - Operates **827+ government-partnered hotel rooms**. > - Revenue model is balanced between **public (government projects)** and **private (leisure, weddings, corporate)** clients. Projects include Tent Cities at **Statue of Unity, Varanasi, Ayodhya, and White Rann Resort (Rann Utsav)**—all high-footfall seasonal tourism destinations. --- #### **7. Operational & Financial Highlights** - **Total Income (FY23–24)**: ₹174.43 crore (+84.5% YoY) - **EBITDA (FY23–24)**: ₹56.88 crore (+77% YoY) - **Net Profit (FY23–24)**: ₹16.13 crore (+24.5% YoY) - **Room Count (Nov 2025)**: Over **850 operational rooms** across **18 properties** in 5 states/UTs. - **Pipeline**: **11 new resorts** (577 rooms) in **Udaipur, Ranthambore, Agatti, Thinakara**, and others. - **Occupancy**: Average exceeding **50% in FY24**, expected to improve with full-year operations of 18 properties in FY25. - **Clients**: Serving **200+ public and private clients**, including major government projects. --- ### **Competitive Advantages** - **Asset-light, development & operations model** - **In-house creative, reservations, IT, and QC teams** - **Nationwide agent and travel partner network** - **Fast execution capability** (1.5–2 years per project) - **Dual leadership in eco-luxury and large-scale event management** - **Strong brand storytelling and Instagrammable designs** - **Revenue diversification** across hospitality, events, advertising, and real estate