With deep sadness, we announce the loss of our beloved Chairman and Managing Director Shri Palem Srikanth Reddy. 


A technocrat, entrepreneur, politician, and as most knew him, a philanthropist, Srikanth Reddy was a remarkable individual on every level. He possessed an exceptional intellect and a passion to solve some of the world's most difficult problems. Srikanth was convinced that creative thinking and new approaches make a profound and lasting impact. Those of us who have been fortunate enough to know and work with Srikanth, have lost an inspiring mentor and feel an inexpressible loss. His deep love and commitment for his work provided the foundation and inspiration for the emergence of the Palred Group as a trusted symbol of quality and excellence.

Srikanth’s legacy lives on in the lives he has inspired and positively impacted. We have lost a guiding force and the world has lost a pioneer. Srikanth Reddy leaves behind a company that only he could have built, and his spirit will forever be the foundation of Palred.


No words can adequately express our sadness at Srikanth’s sudden demise or our gratitude for the opportunity to have worked with him. We honour his memory by dedicating ourselves to continue the work he loved so much.