Praveg Limited has officially inaugurated its highly anticipated Praveg Adalaj Theme Park and Heritage Stepwell Museum on December 22, 2025. The landmark destination was formally inaugurated by Shri Bhupendrabhai Patel, Honourable Chief Minister of Gujarat, marking a significant milestone in Gujarat's tourism and cultural infrastructure development.

Distinguished Inauguration Ceremony

The inauguration ceremony was graced by prominent dignitaries, underscoring the project's national and state-level importance:

Public-Private Partnership Model

The Praveg Adalaj Theme Park has been developed through a Public-Private Partnership (PPP) arrangement with Tourism Corporation of Gujarat Limited (TCGL). Developed and operated by Praveg Adalaj Tourism Infrastructure Private Limited, a wholly owned subsidiary of Praveg Limited, the project operates under a 30-year lease agreement, reinforcing Praveg's long-term commitment to creating sustainable, world-class tourism and event destinations.

Strategic Location and Cultural Heritage

Strategically situated on the Ahmedabad-Gandhinagar Highway, the theme park is positioned to capitalize on the twin cities' growing reputation as India's emerging event and convention hub. The venue draws inspiration from the iconic Adalaj Stepwell, seamlessly blending Gujarat's rich heritage with modern infrastructure to create a multi-dimensional cultural landmark.

World-Class Facilities and Infrastructure

Dr. Vishnukumar Patel, Chairman of Praveg Limited, expressed his vision for the project: "The inauguration of Praveg Adalaj Theme Park and Heritage Stepwell Museum represents our vision of integrating Gujarat's timeless heritage with contemporary infrastructure. It is not merely an event venue, but a cultural destination that narrates history, promotes tourism, and creates immersive experiences."

The theme park boasts comprehensive facilities designed for diverse events:

Exclusive Event Venues

The park features two distinctive venues catering to different event requirements:

Jal Tarang: An open-air amphitheatre set against the timeless backdrop of the Adalaj Stepwell, designed to host government and corporate conferences, product launches, leadership seminars, award ceremonies, and brand activations.

The Vaav: Inspired by the Adalaj Stepwell, this versatile space offers a distinctive setting for photo shoots, cultural and musical performances, exhibitions, panel discussions, and large-scale corporate events.

Heritage Stepwell Museum

The Heritage Stepwell Museum serves as a key highlight of the destination, offering visitors an immersive journey through Gujarat's architectural brilliance, folk traditions, craftsmanship, and cultural evolution. Drawing inspiration from the world-renowned Adalaj Stepwell, the museum blends storytelling, spatial design, and curated exhibits to create a living heritage experience.

Versatile Event Portfolio

Praveg Adalaj Theme Park is designed to accommodate a comprehensive range of events, including Sufi nights, folk music concerts, art exhibitions, business networking sessions, social gatherings, birthdays, and government events. The destination aligns with the Government of India's and Government of Gujarat's broader vision of promoting heritage tourism, experiential travel, and sustainable infrastructure development.

Praveg Communications (India) Limited has announced robust financial results for the second quarter of the fiscal year 2021-22, showcasing significant growth across key metrics.

Strong Revenue Growth

The company reported a substantial increase in its consolidated revenue from operations, reaching Rs. 891.34 lakhs for the quarter ended September 30, 2021. This marks a remarkable 161% growth compared to Rs. 341.45 lakhs recorded in the same quarter of the previous year.

Profit Soars

Praveg Communications' profit for the quarter saw an impressive jump, rising to Rs. 169.34 lakhs from Rs. 46.33 lakhs year-over-year, representing a 265% increase.

Half-Year Performance

For the half-year period, the company's total revenue reached Rs. 1,254.52 lakhs, a significant improvement from Rs. 537.45 lakhs in the corresponding period of the previous year, indicating a 133% growth.

Financial Highlights

Operational Update

The company acknowledged that while its operations were impacted by COVID-19, there was no further significant impact during the reported quarter and half-year period. This suggests a recovery in business activities and adaptation to the post-pandemic environment.

Unbilled Services

Notably, the revenue from operations includes unbilled sale of services worth Rs. 113.10 lakhs, indicating potential future revenue recognition.

Praveg Communications' strong performance in Q2 FY22 demonstrates the company's resilience and ability to capitalize on market opportunities despite the challenging business environment. The substantial growth in both revenue and profit underscores the effectiveness of the company's business strategies and operational efficiency.