Inauguration of Sudhir Moravekar's Pancard Clubs Pune

Late Shri Balasaheb Thackeray showered his blessing on Shri Sudhir Moravekar's Initiatives and expressed his best wishes during the Inauguration function of Pancard Club Pune - 5 Star hotel.

 

About Sudhir Moravekar's Panoramic Group of Companies

Panoramic Group is a hospitality company with its head office in Mumbai. Panoramic Group, founded in 1990s, owns and operates 28 hotels & resorts in four countries, which includes India, US, New Zealand and Thailand.

Panoramic Group of Companies is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Panoramic Group operates three strategic business divisions - Hospitality, Travel and Tourism and Information Technology.

Awards and Accolades

Panoramic Group has been ranked 281 in the MID CAP 500 by Dalal Street, and India’s 2nd best wealth creator of the Decade by the Money Life in 2009.

In 2009, the same year, it was ranked 601 in BT Top Next 500 Companies (2nd of Top 500 Fortune of the Year) by Business Today.

Ownership

The foundation of Panoramic Group of Companies date back to 1990s by Sudhir Moravekar, the founder chairman of the Group. Panoramic Group has successfully been set it's foot prints at pilgrim age and spiritual destinations like Shirdi, weekend getaway destinations like Karnala, destinations for beach lovers like Kerala, Goa and Malvan also.

It's other divisions are also founded like Magic Holidays, Travelhot and Travel Universally (especially for Travel and Tourism).

Growth Trend

Multi-vision

* Work on for consolidation of United 21 brand

Multi-foray

* Forayed into Tourism - acquired

* Tourism agencies In USA, India

Multi-expansion

* Launched own Travel portal

Multi Revenue Model

* Mixed Use Projects to offset high land Prices & faster break even

Multi-Concept

* Introduce time share & condominium projects for faster pay back & continuous cash flow

Multi-offering

* Offer integrated solutions to clients in IT sector.

Multi-location

* Own, run, and manage Star Category hotels in India, USA & NZ

Company Strength & Success

Panoramic Group Of Companies manage to strive consistently to make its identity that can successfully leverage the maximum advantage for each of its members and stakeholders. Panoramic Group has strategically been combined their multi-revenue generating business of hotels with timeshare & Condominiums, clubs & resorts and travel.

Panoramic Group has made its way to grow in Hospitality, Travel & Tourism and Information Technology.

More information about the Group is available at - http://www.panoramicworld.biz

Destiny or God's Wish, Future Will Always Be Unknown

The thought which inspired me writing about this stuff was when certain unforeseen events changed my friend's life. It was a long weekend and we friends decided to enter a football tournament organized in our city. Since all of us were a decent players, who had earlier experience of playing a tournament we thought we would win the tournament. We had to pay the entry fee to get into the tournament. 

Since we were sure about winning the tournament we contributed money equally and got into the tournament. Initially we won with ease all our league matches and the quarter final and semi-final matches were a bit tough than the league matches. All these teams didn't stand a chance against us but it all changed in the final. The final match was the game of the tournament. It was so tough that there were players abusing each other, small fights where in referee had to intervene.

The match was decided by way of penalties. We were lucky to win the match and the tournament. During all these matches we were being observed by a selector of a popular football club and he asked three players of our team to play for his club. One of them was my friend who was hardly having any luck with employment. He was thrilled to play for the club but he declined the offer citing the same reason. The coach being a generous person promised him a good job only if he agrees to play for the club.

He was given two options to choose from. One was in Hotel United-21, Thane and other was at a local workshop but in Virar. He chose the first option as the job location was near to his place and also it offered a good reasonable package. He started his practice sessions with the clubs along with his work. Few months later we again met for such a tournament. It was then he told me about his job and his career. He had decided to give his career and start his own venture. Upon inquiry he told that he had learned the story from Sudhir Moravekar, the MD of Panoramic Universal Ltd (PUL), company that manages the hotel he was working in. Even Mr. Sudhir Moravekar had started his company from scratch. He was really inspired by his achievements and he had decided that even he would try and make it really big in the market.

One thing relates to another, who has thought he would quit his job and started his own firm. That's the wonderful thing about future; you never know it might be your destiny or God's wish.

From Street to High Class Life – Good Example to learn from Sudhir Moravekar

There are so many instances where in people carve out their growth with their persistence and grit. Sudhir Moravekar is one of them who with his hard work have created a niche for himself. He himself said that he used to sell tea on footpath for years in India. He managed hardly a one grand a month and it was very difficult to manage his family. The only reason he managed to build a multi-million empire is because he believed in hard work. He is not even embarrassed to mention his past. He had an ambition and a desire to succeed. He is modest when he says that his three principles took him to the position he is in. His three principles are hard work, intelligence and honesty and he still values the importance of these principles. Times have changed, from footpath to five star hotels, but principles are intact along with hunger to grow more. He is from that breed of entrepreneur who started off with only a dream.

Today his company Panoramic group, consisting of many divisions like Panoramic Universal Limited, Pancard clubs Limited and Panoramic Holidays, is one of the leading units in hospitality sectors. It is even said that he used to sell Paan (Beetle leaves) and he is not ashamed of this fact. He says then he had no financial resources to start a business so he had to take up such odd jobs so that he can provide a living for his family. Years later he and his friend decided to start off with a construction company and since it was a partnership business even he was supposed to contribute some funds.

Though he had saved few hundred rupees, it was not enough for the business. His wife, Mrs. Viidyaa Moravekar had her gold mortgaged to help him grow. Trust me when I say that Indian wife’s always sacrifice everything just to see their husband do well. The partners started with a good deal, they purchased a huge plot purchased a land in Lonavala. The idea was to send the plot to buyers in part and earn a good profit on it. They struck gold when they sold the complete plot part by part to NRIs. They had made a considerable profit on this deal. It was only then when he thought of seriously growing in to the same business. He sensed that there are lots of opportunities in real estate sectors and he was sure that his dream of achieving something big would be achieved if he uses his skills and temperament in this field. The rest as they say is history.

Today he will be glad that he took that decision to venture in to real estate business. His real estate business somewhat turned in hospitality and now his company manages hotels and resorts across India, United States of America, New Zealand and Thailand. He doesn’t seem to stop here as he has more plans which he would be implementing very soon. He made a great organization named proudly as Panoramic Universal Ltd.

Panoramic Group Chairman Sudhir Moravekar: Master of All Trades

Chairman & Founder of the Panoramic Group of companies, Sudhir Moravekar, is well known for wearing many hats at one time and juggling successfully between its many roles. After all, his panoramic group, established in 1990, is not a small entity. It acquired 31 operational Hotels and Resorts at exotic locations worldwide. It also have 11 upcoming properties across different destinations. Travelport Travelhot offers interesting & assorted array of travel trips.

Having achieved brand market leadership in India, the Mumbai based Panoramic Group of companies now plans to strategically market its Pancard Clubs Ltd., globally. This is being done with an intent to popularize its clubs, hotels, motels and resorts in the US, New Zealand, Australia and Europe. It also has plans of developing its other group companies including its IT arm, IT Microsystems (I) Ltd., and emerging as an industry leader.

 

The development functions of the Pancard Clubs are directly led by Mr Moravekar, coming form a middle-class family Mr Moravekar encountered hardship and obstacles in his early youth. His friends, who were born and brought up in the lap of luxury, never lacked money. this disparity fired in him the ambition to achieve success in life. With many difficulties he completed his studies and ventured into several small-time business for 16 long years, giving utmost importance to the these principles of his business which he defines as honesty, hard work and intelligence.

Says Mr. Sudhir Moravekar: "The big break came in 1990 when I started the real estate business in partnership with a fried." His relentless efforts and dynamism ultimately gave him the success he was looking for when he established Panoramic Land Developers in 1990, the first company of the Panoramic Group.

Soon after the near collapse of the real estate market in India during 1994 - 95. Mr Moravekar converted the land for commercial purposes. He envisaged that the place could be used for building clubs, hotels, motels etc. After some struggle initially  in 1998 the company attained some stability and started to grow further. says Mr. Moravekra. "In my 16 years of struggle for success, I realized that honesty is the best policy. Our three corporate principles, Viz honesty  hard work and intelligence can be attributed to the success of our organization. Unless your approach is honest, you cannot get integrated in your work and unless that integration takes place you will not be the able to do hard work. Once these factors are put together then need to apply your intelligence which will give your intelligence which will give you success in your en-devours  In other words flawless work done at the right time will ensure success."

Today, the panoramic group maintains clubs, hotels and motels at various locations in India and overseas. The group has multiple hotels in India and Abroad. It is in the process of acquiring two more hotels in the U.S. According to Mr Moravekar, India's Hospitality industry is more manpower-oriented and hence profitability is less as compared to that in the US or the UK. Says he: "Hospitality business with less manpower increases profitability. Hence our focus is one expanding our business overseas, we need to increase operational efficiency. However, with automation, our Indian Operations are also growing, I think in the next few year, our operations here too will show greater profitability."