Prasad Chalavadi

About Prasad Chalavadi

Prasad Chalavadi is the founder of Sai Silks (Kalamandir), an Andhra Pradesh-based ethnic apparel retailer established in 2005. The company operates four store formats: Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall. As of July 2023, Sai Silks (Kalamandir) had 54 stores across four South Indian states. The company raised Rs 360.3 crore from anchor investors ahead of its IPO launch, which aimed to raise about Rs 1,201 crore.

Prasad Chalavadi at a glance

• Company: Sai Silks (Kalamandir)
• Total raised: $49M
• Latest round: IPO
• Investors: Societe Generale, Citigroup Global Markets Mauritius, HSBC, BNP Paribas Arbitrage, SBI Mutual Fund, ICICI Prudential Mutual Fund
• Location: Hyderabad, India

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