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Forbes honour for Hyderabad entrepreneur
Praveen Kumar Gorakavi, a city-based entrepreneur, has been selected for the prestigious Forbes Asia 30 under 30 list, 2019. This comes in recognition of his contributions to various fields of science and engineering.“It is a moment of pride for us. Finding a place in the Forbes Under 30 list is a big encouragement,” says Praveen, who claims to be the lone member from Telangana to be listed. He had recently established a startup, The Phi Factory, which equips SMEs with technologies for creating globally competitive products. The Phi Factory launched a chemical called G-FP that reduces the weight of paperboards by about 21 per cent and at a 9 per cent reduced cost. This implies less consumption of tress and savings in cargo charges. The OU College of Chemical Engineering alumnus said he had commercialised 28 technologies in partnership with various companies including Fortune 500 companies, government agencies and scientific institutions.
B. KRISHNA MOHAN
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