He was a famous Indian Film Director, Actor, Producer and Cinematographer. He is considered as one of the most intelligent film maker of his times. He was also a successful Businessman.
Prasad, regarded as one of the pioneers of Indian Film Industry founded the Prasads Group in 1956. “Prasad Studios”, “Prasads IMAX”, “Prasad Art Pictures” and “L.V. Prasad Eye Institute” were all included in the group. L.V. Prasad was highly respected in the field of Cinema. He was the chairman of the 27th National Film Awards Selection Committee, in 1980 and of the All India Selection Panel of Indian Panorama for the 8th International Film Festival of India, in 1981.
He was hugely popular and influential in South India and was also the President of the South Indian Film Chamber of Commerce in 1983. His contribution to the film industry was also recognized by the Government of India and they even released in 2006 a Commemorative postage stamp in his memory.