Venu Madhav passed away yesterday after a prolonged illness. He was 51 and breathed his last in the Yashoda Hospital in Secunderabad.
His last rites were done today and the industry grapevine is that his family is in a good position financially as he has left a lot of property for them.
The update is that he owns several flats in the twin cities and the rents itself cover-up in several lakhs. Some of the top names in the industry paid homage to Venu today.