Nimmagadda to Invest in Movie Industry Now

Another big shot entrepreneur is trying to invest in the movie industry in big way. Nimmagadda Prasad better known as Matrix Prasad is leading businessman in Telugu states who floated Matrix Pharmaceutical Company and bought MAA TV and later sold them off for huge profits. Now he is showing interest to produce movies, corporatize the movie industry.

Nimmagadda, a close friend of hero Nagarjuna, has been giving finance to various producers and also putting money in the movies without taking credit. Now he has launched Matrix Team Works banner and has co-produced ‘Nirmala Convent’ with Nagarjuna.

This is his first official production. After this he has plans to produce big movies in a systematic way.

Like UTV, Disney, and Fox Studio, he wants to develop his Matrix as a corporate company that bankrolls projects systematically.