Praveg Ltd Company Summary

Praveg Limited was formerly incorporated as Sword & Shield Pharma Limited on March 23, 1992 with the Registrar of Companies, Gujarat. The Company obtained Certificate of Commencement on March 7, 1995. Thereafter, the name of the Company changed to Praveg Communications (India) Limited dated December 2, 2020 and later named it to Praveg Limited on November 28, 2022.

The Company is recognized as one of Indias leading hospitality brands, offering luxury family resorts and boutique properties located near sacred ghats, pristine beaches, enchanting deserts, and other breathtaking destinations. By blending world-class comfort with rich cultural storytelling, the Company delivers immersive experiences across its diverse portfolio ranging from pop-up luxury tents to 5-star vegetarian hotels. Established in 2005, the Company has since evolved into a frontrunner in sustainable travel, celebrating Indias heritage through authentic design, cuisine, wellness, and the arts across its award-winning resorts and hotels.

Initially, the Company was engaged in the business of Manufacturing and Trading of Pharmaceutical and other allied Pharmaceutical Products which was closed down in the year 2015-16 by selling of the its Manufacturing Unit i.e. Factory Land and Building through Slump Sale.TheBoard of Directors at its meeting held on 26th April,2017 had approved the Scheme of Amalgamation and Arrangement between the erstwhile Company i.e., Sword & Shield Pharma Limited and Praveg Communications Limited. Pursuant to the Scheme of Amalgamation, entire investments of Praveg Communications Limited, including investments in subsidiary companies was transferred to Praveg Communications (India) Limited (Formerly known as Sword and Shield Pharma Limited).

Further, the merger of Praveg Communications Limited with Sword and Shield Pharma Limited with effect from April 1, 2016, has led to creation of Praveg Communications (India) Limited. Post-merger, the Company is a leading Advertising company in Exhibition and Event Management. It is is also into the Hospitality sector.

Apart from these, it is having an in-house modern design studio, a team of qualified and experienced professionals and sophisticated event infrastructure. During the year 2020-21, the Company transferred its entire holding of 50.20% in Praveg Tourism Private Limited on September 15, 2020, and post the aforesaid transfer, Praveg Tourism Private Limited has ceased to be its Subsidiary.In year 2022, the Company acquired land at 4 locations, mainly Jawai, Velavadar, Ranthambore & Udaipur for development of high-end hospitality projects.The Company had incorporated two wholly owned Subsidiaries i.e. Praveg Adalaj Tourism Infrastructure Private Limited and Praveg Safaris Kenya Limited in FY 2022-23.During the FY 2024-25, Company expanded its hospitality footprint across Indias prominent tourist destinations.

It grew its operational resorts from 4 to over 15 by the end of March 2025, adding more than 600 rooms. Key additions included the launch of premium resorts at Nagoa Beach in Diu, Praveg Caves in Jawai, Rajasthan, and Praveg Atoll on Bangaram Island, Lakshadweep, which commenced operations. Company acquired a majority stake of 51% each in Abhik Advertising Private Limited and Bidhan Advertising & Marketing Private Limited, thereby strengthening its presence in the advertising and marketing segment.

Further, in December 2024, the Company entered into a strategic partnership with Mahindra Holidays and Resorts India Limited (MHRIL) through an inventory arrangement for 70 rooms across prime locations in Daman, Diu, and Ayodhya, enhancing its hospitality footprint and customer reach.The Company incorporated Praveg Rannutsav Private Limited as Wholly Owned Subsidiary of the Company on December 20, 2025. The Company enhanced the OOH advertising capacity by adding 310 hoardings, covering 1,33,385 sq. ft.

across India in 2026.