Financial Reports

ANNUAL REPORTS

S.No.DescriptionDownloads

1.	Annual Report 2008-2009	VIEW
2.	Annual Report 2009-2010	VIEW
3.	Annual Report 2010-2011	VIEW
4.	Annual Report 2011-2012	VIEW
5.	Annual Report 2012-2013	VIEW
6.	Annual Report 2013-2014	VIEW
7.	Annual Report 2014-2015	VIEW
8.	Annual Report 2015-2016	VIEW
9.	Annual Report 2016-2017	VIEW
10.	Annual Report 2017-2018	VIEW
11.	Annual Report 2018-2019	VIEW
12.	Annual Report 2019-2020	VIEW
13.	Annual Report 2020-2021	VIEW
14.	Annual Report 2021-2022	VIEW
15.	Annual Report 2022-2023	VIEW
16.	Form MGT-9 - Extract of Annual Return FY 2023-24	VIEW
17.	Annual Report 2023-24	VIEW

Chairperson and Independent Director

SRI.KOTESWARA RAO SSR

Sri. Koteswara Rao SSR is a Fellow Member of the Institute of Chartered Accountants of India and a senior partner in M/s. Brahmayya & Co. Chartered Accountants, Hyderabad.

He served as a Director on the Boards of APIDC and APSFC for over 20 years. He is a former member of the Regional Council and Central Council of The Institute of Chartered Accountants of India; former President of the Federation of Andhra Pradesh Chambers of Commerce & Industry.He is inducted on the Board of the Company in October, 2020.

Vice President

SRI.P.RAMA KRISHNA CHOWDARY

Sri. P. Rama Krishna Chowdary is former General Manager of Union Bank of India and served the bank for 39 years. Mr.Chowdary worked as Chief Representative of the Bank in USA for five years and also as Zonal Manager, for two years. Before retirement he headed the Customer Acquisition Group and Financial Inclusion division for three years. He joined PARAS as Vice President in September, 2023.

Promoter Director

SRI.M.SIVA RAMA VARA PRASAD

Sri M. Siva Rama Vara Prasad is the promoter of the company. He is a Metallurgical Engineer coming from an agriculture family. He started his career acquiring sick units and turning them into successful ventures. Later he moved to West Africa, where he acquired sick cement and steel companies and transformed them into viable and profitable ventures. Sri Prasad is the chief promoter and Chairperson of Prasaditya Group with headquarters in Hyderabad. He promoted over 35 companies operating in 16 countries across the globe. He has interest in diversified sectors like cement, steel, power generation, chemicals, automobiles, international trading, software development, real estate, film studio, apparels and garments, etc. providing employment to over 20000 people in India and abroad.

Sri Prasad was awarded “The Most Successful and Innovative Entrepreneur” for the African Region in the year 1996 by UNIDO. He was conferred two awards “Pioneer in Skilling Africa 2017” and “Entrepreneur of the Year Award 2017” by the Associated Chamber of Commerce & Industry of India (Assocham) for being a pioneer in IndiaAfrica trade.

Independent Director

SRI. RICHARD B SALDANHA

On his return to India, he joined M/s.Haldia Petrochemicals Ltd. as Managing Director. He also occupied Board positions in M/s.Gokuldas Exports Ltd., Times of India Group and Black Stone Group. Sri. Richard B Saldanha is known for his operational excellence. He is also a member of the Court of Governors of the Administrative Staff College of India, Hyderabad.

Independent Director

Dr. NIMMAGADDA RAMESH KUMAR

Dr. N. Ramesh Kumar is an Indian Administrative Service Officer (Retired). He belongs to 1982 Batch of IAS. He held various positions as Dist Collector, Secretary, Principal Secretary, Principal & Special Chief Secretary to Governor of AP & Telangana, State Election Commissioner of Andhra Pradesh. He also held the position of Finance Secretary to Govt of Andhra Pradesh.Recently, Dr. Ramesh Kumar was appointed as the new Director-General of Administrative Staff College of India (ASCI), Hyderabad.

Sri. Mallikarjuna is former General Manager of Andhra Bank, headed the recovery and legal departments in Andhra Bank. Post retirement in 2017, he was selected and posted as Presiding Officer, Debts Recovery Tribunal I in Hyderabad for four years. He is registered as Insolvency Professional with IBBI. He joined PARAS as Vice President in April, 2022.

Independent Director

Ms.K.SUJATHA RAO

Ms. K. Sujatha Rao is an officer of Indian Administrative Service (Retired). She held important positions both in the Government of Andhra Pradesh and Government of India.

As Commissioner Institutional Finance, she was closely associated with financial aspects of several key projects in irrigation, education, health etc. She retired as Secretary, Ministry of Health and Family Welfare, Government of India in 2010.She represented India on the Board of the Global Fund, WHO, UNAIDS, to name a few. She is actively associated with several voluntary organizations working for the welfare of women and children particularly in rural areas.

Ms. Sujatha Rao is on the Board of the Company as Independent Director from 2015.

Vice President

SRI.K.V RAMAKRISHNA PRASAD

Sri. Ramakrishna Prasad is a legal professional with experience of four years as a practicing Advocate. Later he worked as a Law Officer in senior cadres in Banks for over 20 years. Before joining the company in 2016 he was with Kotak Mahindra Bank Limited as Zonal Head (Recovery).

Vice President & Chief Financial Officer

SRI.V.S.RANGA RAO

Sri. Ranga Rao is a Post graduate in Management and also a CAIIB. Mr. Rao joined Andhra Bank as a Probationary Officer in 1978 and served the bank for nearly 30 years. Mr. Rao is associated with PARAS since 2012 and is now heading Acquisitions, Finance and Operations departments.

Vice President

Sri. M. S.HUSSAIN

Sri. M. S. Hussain worked with Vysya Bank and Development Credit Bank in their specialised departments heading recovery in New Delhi, Mumbai and Hyderabad. He worked as Vice President in PARAS from 2008 to 2016. This is his second tenure in the Company from October, 2024.