Nimmagadda Prasad
Nimmagadda Prasad (Telugu: నిమ్మగడ్డ ప్రసాద్; born 11 October 1961) is an Indian industrialist from Andhra Pradesh, India, known for his ventures in the Pharmaceutical and Television industries, and is involved in philanthropic activities through Nimmagadda Foundation. Along with actor Nagarjuna, Prasad is one of the major shareholders of the popular TV channel Maa TV.In 2006, Prasad sold off his majority shares in Matrix Pharmaceutical to Mylan Laboratories, USA, a large generic Pharmaceutical Company. For his achievements, the state government has honoured him with the "Best Management Award" in 2006.On the other hand, in 2012, he was jailed during CBI's investigation onY. S. Jaganmohan Reddy's Disproportionate Assets, for allegedly having paid Rs. 8.50 billion on a quid pro quo amounting to Rs 14261.7 million investments in VANPIC and other firms held by him, during Y. S. Rajasekhara Reddy's government. However, these assets were subsequently attached by the Enforcement Directorate of India, and Prasad was granted bail after seventeen months.
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| Birth date | October 11, 1961 |
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