Trisha Shetty (Editor)

PVR Cinemas

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Founded  June 1997
Website  www.pvrcinemas.com
Headquarters  Gurgaon
Number of locations  121
Customer service  0124 470 8100
CEO  Ajay Bijli (Jun 1997–)
PVR Cinemas httpsuploadwikimediaorgwikipediacommonsthu
Type  Public NSE: PVR BSE: 532689
Industry  Entertainment (movie theatres)
Key people  Ajay Bijli Chairman and Managing Director
Stock price  PVR (NSE) ₹ 1,418.95 +5.60 (+0.40%)20 Mar, 9:43 AM IST - Disclaimer
Subsidiaries  Cinemax India Ltd., PVR Pictures

Pvr cinemas mistral at ambience mall vasant kunj new delhi


PVR Cinemas is a film entertainment company in India. The company, which began as a joint venture agreement between Priya Exhibitors Private Limited and Village Roadshow Limited in 1995 with 60:40 ratio, began its commercial operations in June 1997. The company is founded by Mr Ajay Bijli, who is the Chairman and Managing Director. Ajay Bijli's brother Sanjeev Kumar Bijli is the Joint Managing Director of PVR Ltd. The company also operates a pro- active CSR wing under PVR Nest.

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History

The company has its origin as Priya Cinema in South Delhi, which was bought by Ajay Bijli's father in 1978, who also owned a trucking business, Amritsar Transport Co. In 1988, Bijli took over the running of the cinema hall, which was revamped in 1990, and its success led to the founding PVR Cinemas.

In 2003, ICICI Ventures invested Rs 40 crore in PVR when Village Roadshow decided to pull out of the partnership. In 2012, Kanakia group owned CineMAX cinema chain was bought by Cine Hospitality Private Ltd, a subsidiary of PVR Cinemas for 395 crore (US$59 million), making PVR the largest cinema chain in India. In May 2016, DLF group owned DT Cinemas was bought by PVR Cinemas for 433 crore (US$64 million). From PVR’s Gold Class and Mainstream Cinemas, Director’s Cut to the latest format- PVR Icon, the company has made exceptional technology like the IMAX® and the ECX (Enhanced Cinema Experience), 4 DX accessible to its audience. Recently PVR Cinemas ventured into a new cinema concept- Superplex in Noida. The cinema have 15 screens with IMAX, 4DX, Gold Class, Playhouse(Specially for Kids) and mainstream auditoriums. PVR Cinemas has invested ₹48 crores in this new venture. PVR's first "Gold Screen" was launched in Indore in 2007.

Locations

PVR has a strong presence with 553 screens in 122 locations across 48 Indian cities.

References

PVR Cinemas Wikipedia


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