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PVR INOX
PVR INOX Limited is an Indian multiplex chain. It was formed in 2023 as a result of the merger between PVR Cinemas and INOX Leisure. PVR pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at Vasant Vihar, New Delhi. As of December 2024, PVR INOX operates 1,749 screens across 355 properties in 111 cities, including locations in India and Sri Lanka.
PVR Cinemas has its origin as Priya Cinema in Vasant Vihar, Delhi; the cinema was named after Priya Jaisinghani and was bought by Ajay Bijli's father in 1978, who also owned a trucking business, Amritsar Transport Co. In 1988, Bijli took over cinema hall, which was revamped in 1990, and its success led to the founding of PVR Cinemas.
The company started as a joint venture agreement between Priya Exhibitors Private Limited and Village Roadshow of Australia in 1995 with a 60:40 ratio. It began its commercial operations in June 1997 as Priya Village Roadshow. The company was founded by Ajay Bijli, who is the chairman and managing director of PVR Cinemas. Ajay Bijli's brother Sanjeev Kumar Bijli is the Executive Director of PVR INOX Limited. In 2003, ICICI Ventures invested ₹40 crore in PVR when Village Roadshow decided to pull out of the partnership. The first PVR Gold Screen was introduced in Forum Mall, Bengaluru.
In 2006, the shares of the company were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). PVR's first "Gold Screen" was launched in Indore in 2007.
In 2007, PVR Cinemas ventured into film production with PVR Pictures, producing films like Taare Zameen Par and Jaane Tu Ya Jaane Na in its initial years.
In 2012, PVR Cinemas partnered with IMAX to open its first IMAX theatre in Bengaluru. In 2014, PVR Cinemas introduced the superplex format in Noida. In 2016, PVR's 4DX became the second movie theater chain in India to launch 4DX in the country after Cinépolis. In 2022, PVR Cinemas introduced its immersive theater format called ICE in Delhi NCR.
INOX Leisure or INOX Movies was an Indian multiplex chain based in Mumbai. The company was incorporated as a public limited company in November 1999. It is a subsidiary of INOX Group (Industrial Oxygen) of companies. In 2002, the company commenced its operation by opening its first four-screen multiplex at Pune and another four-screen multiplex at Vadodara. In 2004, multiplexes were added in Kolkata, Goa, and Mumbai.
In 2006, the company went public, with Gujarat Fluorochemicals selling stake in its initial public offering.
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PVR INOX
PVR INOX Limited is an Indian multiplex chain. It was formed in 2023 as a result of the merger between PVR Cinemas and INOX Leisure. PVR pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at Vasant Vihar, New Delhi. As of December 2024, PVR INOX operates 1,749 screens across 355 properties in 111 cities, including locations in India and Sri Lanka.
PVR Cinemas has its origin as Priya Cinema in Vasant Vihar, Delhi; the cinema was named after Priya Jaisinghani and was bought by Ajay Bijli's father in 1978, who also owned a trucking business, Amritsar Transport Co. In 1988, Bijli took over cinema hall, which was revamped in 1990, and its success led to the founding of PVR Cinemas.
The company started as a joint venture agreement between Priya Exhibitors Private Limited and Village Roadshow of Australia in 1995 with a 60:40 ratio. It began its commercial operations in June 1997 as Priya Village Roadshow. The company was founded by Ajay Bijli, who is the chairman and managing director of PVR Cinemas. Ajay Bijli's brother Sanjeev Kumar Bijli is the Executive Director of PVR INOX Limited. In 2003, ICICI Ventures invested ₹40 crore in PVR when Village Roadshow decided to pull out of the partnership. The first PVR Gold Screen was introduced in Forum Mall, Bengaluru.
In 2006, the shares of the company were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). PVR's first "Gold Screen" was launched in Indore in 2007.
In 2007, PVR Cinemas ventured into film production with PVR Pictures, producing films like Taare Zameen Par and Jaane Tu Ya Jaane Na in its initial years.
In 2012, PVR Cinemas partnered with IMAX to open its first IMAX theatre in Bengaluru. In 2014, PVR Cinemas introduced the superplex format in Noida. In 2016, PVR's 4DX became the second movie theater chain in India to launch 4DX in the country after Cinépolis. In 2022, PVR Cinemas introduced its immersive theater format called ICE in Delhi NCR.
INOX Leisure or INOX Movies was an Indian multiplex chain based in Mumbai. The company was incorporated as a public limited company in November 1999. It is a subsidiary of INOX Group (Industrial Oxygen) of companies. In 2002, the company commenced its operation by opening its first four-screen multiplex at Pune and another four-screen multiplex at Vadodara. In 2004, multiplexes were added in Kolkata, Goa, and Mumbai.
In 2006, the company went public, with Gujarat Fluorochemicals selling stake in its initial public offering.