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Submitted by: Adrian Gowels
Many people dream of becoming independent and owning a business of their own. But, there are only a chosen few who make it to the top and really succeed in what they had envisioned. This happens mainly due to a lack of vision, as almost all failures begin their entrepreneurial journey out of sheer desperation to break away from a 9 to 5 routine. They hear a couple of success stories and think that if they start out on their own, they would become great businessmen and have an abundance of wealth. A sudden impulse to make a mark in this world and hastily starting a venture rarely leads to a successful business. It takes a powerful vision with a carefully thought-out action plan to create a successful business and abundant wealth. This is exactly the reason why Sudhir Moravekar succeeded in creating a multi-million dollar enterprise within a short span of time.
Success story of this 61 year-old entrepreneur is the best example of a great vision transformed into reality by continuous planning and fruitful actions. He has created Panoramic Universal Limited by combining his great mission with innovative techniques and advanced technological applications. Born and raised in a poor family with meagre income, he worked hard to make ends meet by doing various types of odd jobs. But his dream of becoming a successful businessman and making a difference in people’s lives saw him embark on his entrepreneurial journey by getting into the real estate business. From his hard-earned and gradually accumulated wealth, he started buying plots in Lonawala and also selling some of it. He saw a wonderful opportunity in the region and believed that it would become a major tourist attraction, resulting in tremendous returns on investment. This belief became a reality when a leading company purchased over 100 acres of land in Lonavala from him. From that period on, there was no looking back; as he went on an acquisition spree. He bought out several hotels and resorts in the country and launched a PanCard Clubs scheme in 1996 for making luxurious vacations affordable for lower income groups. In the same year, he turned his business into a highly profitable venture by acquiring an IT company called IT Microsystems Pvt Ltd and later renaming it to Panoramic Universal (PUL). This company was eventually listed on Bombay Stock Exchange and National Stock Exchange.In the same year, he turned his business into a highly profitable venture by acquiring an IT company called IT Microsystems Pvt Ltd and later renaming it to Panoramic Universal (PUL). This company was eventually listed on Bombay Stock Exchange and National Stock Exchange.
More recent acquisitions were made on foreign shores with the purchase of hotels and resorts in the US, New Zealand and Thailand. This astonishing growth was made possible through an able leadership of Sudhir Moravekar and his powerful visions. There are many such examples where efforts to improve people s lives led to the creation of wealth. Dhirubhai Ambani had introduced polyester at a time when cotton fabrics were very expensive. Cars were made affordable when Ratan Tata introduced Tata Nano. Similarly, the success of PUL and its ventures resulted from great visions that the owner had for his companies and for thousands of people from the middle-class.
About the Author: Adrian Gowels writes about traveling and Budget hotels with premium services of Panoramic Universal LtdHe focuses on holidays/vacation rentals with savings.
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