Group Chairman of the Panoramic Group of companies, Sudhir Moravekar, is known for wearing many hats at one time and juggling successfully between its many roles. After all, his panoramic group, established in 1990, is not a small entity

1. Panoramic: Master of All Trades
Group Chairman of the Panoramic Group of companies, Sudhir Moravekar, is known for wearing many
hats at one time and juggling successfully between its many roles. After all, his panoramic group,
established in 1990, is not a small entity. It consists of Panoramic Hotels Ltd., Panoramic Clubs Ltd.,
Panoramic Reports Ltd., Panoramic Land Developers, Panoramic Universal Ltd., Sai Motels & Resorts.
These companies are engaged in the fields of hotels, resorts, clubs, real estate, construction,
advertising, marketing, finance, travel and product manufacturing, and marketing and exporting.
Having achieved brand market leadership in India, the Mumbai based Panoramic Group of companies
now plans to strategically market its Pancard Clubs Ltd., globally. This is being done with an intent to
popularise its clubs, hotels, motels and resorts in the US, New Zealand, Australia and Europe. It also
has plans of developing its other group companies including its IT arm, IT Microsystems (I) Ltd., and
emerging as an industry leader.
The development functions of the Pancard Clubs are directly led by Mr Moravekar, coming from a
middle-class family Mr Moravekar encountered hardship and obstacles in his early youth. His friends,
who were born and brought up in the lap of luxury, never lacked money. this disparity fired in him
the ambition to achieve success in life. With many difficulties he completed his studies and ventured
into several small-time businesses for 16 long years, giving utmost importance to the three principles
of his business which he defines as honesty, hard work and intelligence.
Says Mr. Moravekar: "The big break came in 1990 when I started the real estate business in
partnership with a fried." His relentless efforts and dynamism ultimately gave him the success he was
looking for when he established Panoramic Land Developers in 1990, the first company of the
Panoramic Group.
Soon after the near-collapse of the real estate market in India during 1994 – 95, Mr Moravekar
converted the land for commercial purposes. He envisaged that the place could be used for building
clubs, hotels, motels etc. After some struggle initially, in 1998 the company attained some stability
and started to grow further. Says Mr. Moravekra, "In my 16 years of struggle for success, I realised
that honesty is the best policy. Our three corporate principles, Viz honesty, hard work and intelligence
can be attributed to the success of our organization. Unless your approach is honest, you cannot get
integrated in your work and unless that integration takes place you will not be the able to do hard
work. Once these factors are put together then need to apply your intelligence which will give your
intelligence which will give you success in your endeavours. In other words flawless work done at the
right time will ensure success."
Today, the panoramic group maintains clubs, hotels and motels at various locations in India and
overseas. The group has multiple hotels in India and Abroad. It is in the process of acquiring two
more hotels in the U.S. According to Mr Moravekar, India's Hospitality industry is more manpower-
oriented and hence profitability is less as compared to that in the US or the UK. Says he: "Hospitality
business with less manpower increases profitability. Hence our focus is one expanding our business
overseas, we need to increase operational efficiency. However, with automation, our Indian
Operations are also growing, I think in the next few year, our operations here too will show greater
profitability."
Mr Moravekar feels that in order to promote tourism in India, the country's infrastructure should be
further developed.
Visit – http://www.panoramicworld.biz