Nationality Indian Spouse(s) Kiruthika Prabhakaran | Name B Prabhakaran | |
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Born 17 April 1973 (age 50) ( 1973-04-17 ) Occupation Founder and MD, Thriveni Earth Movers Private Limited Children Sooryanarayanan Prabhakaran Parent(s) P BalasubramanianB Vasuki Relatives B Karthikeyan (Brother) Alma mater PSG College of Arts and Science | ||
Thriveni earthmovers under mr b prabhakaran s guidance
B Prabhakaran (born 17 April 1973) is the owner and the Managing Director of Thriveni Earth Movers Private Limited, and has worked in the Indian mining industry. His father P Balasubramanian is the chairman and his brother B Karthikeyan is the executive director in the company. Thriveni has been mining in India since twenty years and is the country’s single largest MDO (Mine Development Operations) handling 40 MTPA Run of Mine, including coal, iron ore, limestone, bauxite, copper, lignite and graphite. In the last decade, Thriveni has grown from 5 Mn US$ to 200 Mn US$.
Contents
- Thriveni earthmovers under mr b prabhakaran s guidance
- Early life
- 1993 2000
- 2004 2007
- 2008 onwards
- Personal life
- TISA
- Vocational training
- Healthcare and relief work
- Education
- Infrastructure
- References
Early life
B.Prabhakaran (Balasubramanian Prabhakaran) was born in 1973 to Palanivelu Balasubramanian (father) and B. Vasuki (mother). His family was from a farming community. After completing his graduation from Coimbatore, he started this company as a partnership firm keeping his family members as partners. He took the step of setting up his company, after he analysed the huge demand for hiring of hydraulic excavators in nearby granite quarries. He managed to get a loan from the Bank and purchased a Hydraulic excavator to then lend it for hire. He then ventured into small contracts. He also started purchasing old equipment at throwaway prices and refurbish them to an operational condition and sell it back to the industry, to build an asset for the company.
1993-2000
Thriveni had seen a breakthrough in contract business and earned good name in the mining industry by now. Between 1993 - 2000, the company worked with big names in the industry - India Cements Ltd, L&T, L&T ECC, Madras Aluminium Co, Alagappa Cements, Neyveli Lignite Corporation, and Tamil Nadu Minerals Limited. In 2000, the company won the Breakwater Project “Seabird” as a Joint venture project of Indian Navy, L&T and Hochtief. ALSO HAVE THE THRIVENICAR SHOW ROOMS
2004-2007
Thriveni, under the leadership of Prabhakaran attempted to win a mining contract in a difficult terrain of Orissa. The areas mainly include Tata Steel mines in Joda, Keonjhar Orissa, R P Sao & KJSA mine in Keonjhar district, and a crushing contract from Orissa Mineral Corporation. In 2005, the company was awarded ISO certification. In 2006, Prabhakaran started the commercial Aggregate Project. In 2007, Thriveni mining went beyond India to Mozambique & Indonesia.
2008 onwards
From 2008 - 2010, the company started as MDO in 3 Iron mines of D R Pattanaik group and Seerajuddin Mines. In 2010, Samara Capital invested in the company to integrate all business process and implement SAP across all functions. In 2011, Thriveni won the FICCI CSR award for work on corporate social responsibility. In 2012-13 the company made a record handling 42 MTA Run of mine, the highest in iron ore mining. He started the Jharkhand operations in 2013 at NKPK mine and later got a contract at SMCO mine. In 2014, he started the operations in Kapypee Mine. During this time, B Prabhakaran has grown the company from 5 MN US$ to 200 MN US$ company.
Personal life
B Prabhkaran is married to Kiruthika Prabhakaran and has a son Sooryanarayan Prabhakaran. He is originally from Salem, Tamil Nadu but has lived in Barabil - Bhadrasai area in Keonjhar, Orissa. His wife Kiruthika is also involved in the business and mainly takes care of employee accommodation, health, education of children, food and other daily necessities which is a huge challenge in the remote mining area. He has been involved in some initiatives to improve and support rural tribal areas.=
TISA
Thriveni Industrial Security Academy (TISA) is an initiative, started in October 2010, targeting unemployed youth. So far, 600+ local young residents have been trained and employed by the academy. These students have joined Indian Army, CPMF, State Police, Fire Services or different technical stream of mines/industries. This initiative was awarded an appreciation plaque for commendable work and exemplary innovation in CSR at the Business World FICCI CSR Award 2011-12.
Vocational training
Keonjhar is a socially backward tribal area of Orissa. B Prabhakaran supported women of the region with training on skills like driving, tailoring, beekeeping and mushroom cultivation. He encouraged new entrepreneurs by donating tipper (mining truck) to fifty unemployed youths some of them now have purchased 2nd or 3rd trucks.
Healthcare and relief work
Thriveni has established a health care network in 175 villages with dispensaries, a pathology lab, ambulances for emergency, medical camps, treating more than 14,000 patients. The company provides free meals to the attendant of poor patients admitted in Keonjhar dist hospital and other remote tribal areas. B Prabhakaran was instrumental in creating an old age home for destitute senior citizens - “Anandashram”. It provides free food, clothing, accommodations, medical care and recreational facilities for the old residents. Prabhakaran’s company steps in to help victims of natural calamities, like Orissa Flood in 2011, Phailin in 2013 and also donated a sum of Rs. 31 lacs to CM’s relief fund for flood victims on Uttarakhand in 2013.
Education
The company founded Thriveni Public School, a CBSE English medium institution. Additionally, it supported the efforts of the Adivasi Vikash Samiti, led by social worker Padmashri Tulsi Munda. The company also provides assistance to Vidya Bhawan, Dig Darshan School, and Seva Foundation.
Infrastructure
The company has provided drinking water to 35 villages, laid 32 km of roads and constructed 4 bridges.