Actor Sumanth, nephew of Akkineni Nagarjuna, made a mark for himself in Tollywood with decent films under his belt in the initial stages of his career. He also tried a couple of offbeat subjects and scored brownie points from the audience. Over the past few years, he has been going through a lean phase and was short of offers.

According to the latest buzz in the industry Sumanth is all set to float a production house through which he is going to produce three films every year. It is learnt that the production house will be a pet company to Nagarjuna’s Annapurna Studios banner. Sources reveal that Sumanth is planning to encourage new talent and fund thought provoking subjects. More details about this buzz will be announced very soon.