LV Prasad Eye Institute Hyderabad (LVPEI), a World Health Organization Collaborating Centre for Prevention of Blindness, is a comprehensive eye health facility. The Institute offers comprehensive patient care, sight enhancement and rehabilitation services and high-impact rural eye health programs. It also pursues cutting-edge research and offers training in human resources for all levels of ophthalmic personnel.

Established in 1987, L V Prasad Eye Institute (LVPEI), a World Health Organization Collaborating Centre for Prevention of Blindness, is a comprehensive eye health facility. The Institute has ten active arms to its areas of operations: Clinical Services, Education, Research, Vision Rehabilitation, Rural and Community Eye Health, Eye Banking, Advocacy and Policy Planning, Capacity Building, Innovation and Product Development. LVPEI is managed by two not-for-profit entities - Hyderabad Eye Institute (HEI) and Hyderabad Eye Research Foundation (HERF).

The beginning, before the brick and mortar of the Institute, the renowned Indian film-maker Sri Akkineni Lakshmi Vara Prasad Rao, popularly known as L V Prasad, decided to invest a part of the profits of his blockbuster film "Ek Duje Ke Liye" for a worthy cause. He donated rupees one crore and five acres of land for establishing the state-of-the-art Eye Institute. In recognition of this gesture, the Board of the Institute decided to name the Institute after him.

Over the years, his family has continued to support the Institute's work. His son, Mr Ramesh Prasad, Managing Director of Prasad Film Laboratories, is a founder trustee of LVPEI and is the longest serving member of the Hyderabad Eye Institute's governing board, along with Dr Rao.