Padmanabh Sports - Leading a sporting revolution in Gujarat
Though Gujarat, of late, has been a spectator to the sporting revolution that has taken place in India, Padmanabh Sports is making up for the lost time as they are the first ever public sector company to venture into sports. Moreover, they're backed by the Government themselves for this venture.
While there is no denying of the fact that Indian sports have undergone a radical change in the recent past with the numerous franchise-based leagues going around, a closer look at this current situation shows you that if there’s one particular state which has been a mere spectator to this revolution, it’s the state of Gujarat. More notably, apart from the Gujarat Lions franchise in the IPL and the Gujarat
However, that is set to change as Padmanabh Industries Limited
He starts off by saying that Padmanabh Group
Further, given that the Padmanabh Group is already an established player in the real estate industry, they now plan to use their expertise and their own land to build sporting academies in Gujarat and are already in talks of with the likes of Pullela Gopichand to open academies in Gujarat.
While all the above-mentioned facts are an obvious testament to the company's drive to break into the sporting sector, they too have seen their fair share of difficulties along the way. For instance, the company had faced some financial difficulties for funds about a month back, but that issue was resolved in just a single day. And if this a sign of things to come then the sleeping giant of sports in Gujarat is certainly about to wake up as the Padmanabh Group plans to invest a 70 to 80 Crores across its different leagues over the next five years, while also investing 100 to 200 crores for the development of sports in the state.
Motive behind the venturing into sports
While it’s easy to see the company’s long-term vision for sports in the country, the more fundamental and intriguing question that remains is why such an established real estate company decided to venture into sports at this point in time. And the answer is a fairly simple one. One on hand, like most other Indians the owners of the Padmanabh Group have grown up watching cricket, which further explains their inclination towards sports. On the other hand, the fact that no public sector company has dared to venture into sports so far means that they have practically no competition in this field at the moment. Moreover, given the huge success of private leagues over the last ten years, starting with the IPL, the Padmanabh group is hoping to emulate the success and popularity of the same. Having said that, it must also be clarified that business is not their only motive this venture, given the owners of the company have grown up with sports and this is a virgin territory for a public limited company, this venture can be seen as a perfect example of one’s passion and profession coming together.
Objectives behind the venture
The primary objective
Bridging a gap for the greater good of sports
Given that the Padmanabh Group is the first corporate sector company to venture into sports and that they also have the backing of the Gujarat Government the two reputed entities plan to work for the betterment of the sport in the state of Gujarat. With regard to how the collaboration will go about, the Padmanabh Group plans to use the Government’s land located in key places like Baroda and Ahmedabad among others to establish their sporting academies and institutes while they themselves will look into all the other necessities such as equipment and coaching staff. Moreover, what sets the Padmanabh group apart is the fact that they aim to work towards the development of sports in the country as opposed to further enhance their brand image as is the case with some private sector organizations who have ventured into sports. And this is also what has helped them get the backing of the Gujarat Government.
Master plan for achieving their sporting goals
With regard to how the Padmanabh Group plans to achieve their sporting goals, they plan to establish state of the art private academies in the country and they also admit to being in talks with a few international agencies for the same. And given that no private firm has ventured into this field so far, the sky is well and truly the limit for the Padmanabh Group with regard to the sporting sector in the country. However, given that the journey of a thousand miles starts with a single step, even the Padmanabh Group have set the ball rolling in a relatively small manner. For now, the company is focusing on only three sports i.e. badminton, volleyball, and cue sports. As far as the reason behind picking these three sports are concerned, Mr. Shah is self-admittedly a fan of cue sports and therefore couldn’t resist the opportunity to invest in the game. On the other hand, it’s the selection of volleyball that may come as a surprise to some, but given the popularity of the sport in Gujarat, the company wanted to help take the sport to the next level by making professional guidance and facilities available to the localities. Moreover, the company has also unofficially signed up with a volleyball league as part to further enhance the popularity of the sport even further in the state of Gujarat. And finally, the reason why the Group picked badminton was to cash in on the reputation of the second most popular sport in the country and also the fact that they sought a success story for themselves so that they could then focus on the other sports at hand. Further, it is with this thinking that the Padmanabh Group had tied up with the Premier Badminton League earlier this year.
Catching them young
While there is no denying that the aim of this initiative is to help India win more Olympic medals, in the greater scheme of things, the Padmanabh Group, through this initiative plans to introduce sports to children at a young age, so that sports can become a way of life for them. And it is with this very motive that the company has tied up with Sandeep Pradhan, Director General of sports in Gujarat and also a few other foundations who are involved in inter-school and inter-college tournaments for football, volleyball, and badminton. Through their tie-ups, the Padmanabh Group aims to promote sports among children by providing schools across Gujarat with sporting equipment, financial support, and coaching infrastructure.
Charity starts at home
The reason why the Padmanabh Group has chosen Gujarat as their starting point is
To sum it all up, it must be said that although Gujarat
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