[3] The production company, initially known as Padmalaya Movies, was founded in 1970 with its first film Agni Pariksha.
In 1982, the Andhra Pradesh state government allocated 9.5 acres of land to Krishna to promote the development of the film industry in Hyderabad.
[4] Padmalaya Movies, a film production company, was established in 1970 by Telugu actor Krishna and his brothers.
[3][5] Padmalaya Movies gained prominence in 1971 with the production of Mosagallaku Mosagadu, the first Indian Western film, which received acclaim and commercial success for its innovative genre.
[2] This allocation was part of an initiative to encourage the Telugu film industry to shift its base from Madras (now Chennai) to Hyderabad.