Prakash Challa, a First-Generation Entrepreneur, is a post graduate. Having started his career in banking with Nationalized Banks for over 14 years, he resigned from the bank service to follow his entrepreneurial instincts and started enterprises dealing in aqua culture, pisciculture, windmill energy and construction.
He started his construction and real estate development business as the sole proprietor of Sri Satya Sai Constructions, founded in 1993, for property development in Chennai and Hyderabad.
SSPDL Limited (formerly Srinivasa Shipping & Property Development Limited) was incorporated on October 17, 1994, as a public limited company with its registered office at Hyderabad and corporate office at Chennai.
The Company’s first IPO was in 1995 and in the very initial 2 years declared 100% dividend and the Investors paid back. Only Company in Hyderabad Stock Exchange to achieve this feat. The Bangalore Office opened in 2005 and Kerala in 2007.
SSPDL Limited has been involved in the construction industry as contractors, developers and builders of many commercial, residential, institutional buildings, IT Parks, hotels etc. For more than two decades. The projects under execution to the tune of nearly 3 million sq ft spread over the South Indian cities of Bangalore, Chennai, Hyderabad & Kallar Valley (Kerala) through the Flagship Company and SPVs are valued around Rs.2500 Crores.
Conformity to regulatory approvals; commitment to quality of global standards and timely deliveries are the strengths of the Company. The company’s promoters have several years of experience in property development and have been successful in identifying the right property at right price, thus creating an edge over its competitors. The company operates in the niche and growing markets where the competition is fragmented between a few large players and multiple small builders. The differentiating factor for companies operating in this sphere is expertise in construction and property development and identification of right property. Further, the company is relying on quality work, close relationship, modern technology and speedy execution of its projects to sustain competition.
Driven by a vision of ‘Building the big picture’ we encompass its truth in all he does. It is a way of approaching life and business. Over the years he has found, it’s an approach that has borne success irrespective of the rise and tide of the business environment and the world.
His business ethics are transparent and simple. Thousands of people from all over the world have found our partnership one they are happy to be in and even recommend to others. We bring to the table, internationally approved business practices and traditional values of trust and faith. Our dynamic team anticipates changes rather than merely reacting to them.
Our Partnership with India Reit Fund Advisers (Piramal Fund Management), Spire Realty Hyderabad Retreat Limited (Mauritius), India Realty Opportunity Fund Ltd (Cyprus) Interserve PLC, UK and Godrej Properties Ltd is a proof of our impeccable character.
Very critical for any business to grow is that an active and vibrant Trade Body is required where common points of interest & grievances can be taken up to address the issues pertaining to the Industry. To that extent he went on to become the Founder President of Confederation of Real Estate Developers Associations of India, Tamilnadu Chapter on 12/12/2007 and later the Vice President, CREDAI National in 2009. During the same period, he was nominated Chairman, Taxation Committee at CREDAI which position he holds till date which tells about the faith reposed by the 12500 + members across the Country in his capabilities and dedication for a common cause. At CREDAI, conducted several National & International Conventions, the last being in London as its Convener in August 9 – 11, 2017 with over 800 delegates.
Apart from his business interest, he is passionate to make the cities a better living place by bringing down the carbon footprint. While heading the CII Infrastructure Panel for South India promoted along with a group of Industrialists and Professionals an NGO Called Chennai City Connect Foundation. Urban management issues are increasingly becoming important for sustaining economic activities in the country and widely affect the quality of life of urban citizens. Given the pace of its growth, Chennai is facing challenges of rapid urbanization like many other cities around the world. City Connect brings value at 3 levels by working with various government agencies responsible for urban infrastructure: They enable the right decisions by providing complete technical resources and capacities necessary for making the right choices.
Currently he chairs the activities of the Foundation. During this epic journey of 10yrs, have advised the Government of Tamilnadu and got the city wide footpaths, retained Green Spaces, Wetlands, restored Water Bodies, introduced Bus Rapid Transport System (under implementation stage), etc.
Someone who is keen in participating in debates on various subjects of Economics, Humanities, etc. promoted another Not to Profit Organization, Chennai International Center which is the Mind Spa.
Prakash’s commitment and insights have been tapped into by many International Organist ions as well. He is the Vice President of the Indo Australian Chamber of Commerce, and a Special Invitee to the Indo Sri Lanka and Indo American Chamber of Commerce. He is the Executive Committee Member of the British Business Group.
Prakash Challa supports various private and public charitable institutions, and has made financial contributions to NALSAR University, Hyderabad, Aadi Foundation – Anatapur, AP for construction of hostel buildings, and provides scholarships for the education of economically backward.