PVR Cinemas

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PVR Cinemas
TypePublic
IndustryEntertainment (Movie Theatres)
FoundedJune 1997; 24 years ago (1997-06)
HeadquartersGurugram
Number of locations
170 (800 screens)[1]
Key people
Ajay Bijli
(Chairman and MD)
Revenue31,187 million (US$410 million)
1.83 billion (US$24 million)
Number of employees
1,600
Websitewww.pvrcinemas.com

PVR Cinemas (Priya Village Roadshow)[2] is a film entertainment company in India. The company started as a joint venture agreement between Priya Exhibitors Private Limited and Village Roadshow Limited in 1995 with 60:40 ratio. It began its commercial operations in June 1997. The company is founded by Ajay Bijli who is the chairman and managing director of PVR Cinemas. 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. The first PVR Gold Screen was introduced in Forum Mall, Bengaluru.

History[edit]

PVR Saket, 2005

PVR Cinemas has its origin as Priya Cinema in South 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 the running of the cinema hall, which was revamped in 1990, and its success led to the founding PVR Cinemas.[3][4]

In 2003, ICICI Ventures invested 40 crore in PVR when Priya Village Roadshow decided to pull out of the partnership.[5] In 2012, Kanakia group owned CineMAX cinema chain was bought by Cine Hospitality Private Ltd, a subsidiary of PVR Cinemas for 395 crore (US$52 million), making PVR the largest cinema chain in India.[6][7] In May 2016, DLF group owned DT Cinemas was bought by PVR Cinemas for 500 crore (US$66 million).[8][9] Recently PVR Cinemas ventured into a new cinema concept- Superplex in Noida. The cinema has 15 screens with IMAX, 4DX, Gold Class, a playhouse and mainstream auditoriums. PVR Cinemas has invested ₹48 crores in this new venture. PVR's first "Gold Screen" was launched in Indore in 2007.[10] Recently, PVR Cinemas in association with HP India has launched Asia's first Virtual Reality (VR) Lounge at PVR ECX, Mall of India, Noida.

In August 2018, PVR Cinemas announced their acquisition of Chennai-based SPI Cinemas for ₹850 crore in a cash and stock deal.[11]

In August 2019 PVR Cinemas crossed its 800 screens milestone count in India.[12]

PVR Playhouse[edit]

The idea behind PVR Playhouse is to give kids a space where they can watch movies that engage them in the way they want to. Aimed at 3 to 12 year olds, the Playhouse includes a special 49 seater movie auditorium showcasing children's movies/animated content.

This format is available only in Bengaluru, Chennai, Delhi, Mumbai and Hyderabad.

PVR 4DX[edit]

PVR's 4DX is the second cinema chain in India to introduce 4DX in the country after Cinepolis. PVR has signed 22 theater agreement with 4DX which is the largest in the country out of which 18 are open. One each in Pune, Ahmedabad, Surat, Chandigarh and Indore, four in Bangalore, five in NCR and two in Mumbai, Hyderabad, whereas three more coming up by end of the year at Ludhiana, Pune and Kolkata and Lucknow,and dholakpur NCR among others.[citation needed] 4Dx has movie effects like Air, Wind, Water, Lightning, Snow, Rain, Smoke, Scent, Fog and mainly Seat Shaking. The effects make you feel like a part of the movie.

PVRRR[edit]

References[edit]

  1. ^ "About Us". www.pvrcinemas.com. Retrieved 26 October 2019.
  2. ^ "PVR Company History - Business Standard News | Page 1". Business Standard. Retrieved 1 September 2021.
  3. ^ "Questions & Answers: Ajay Bijli". The Wall Street Journal. 24 November 2009. Retrieved 24 September 2014.
  4. ^ Abrar, Peerzada (24 August 2012). "How Ajay Bijli, the man behind PVR, managed to crack the movie theatre business in India". The Economic Times. Archived from the original on 14 June 2015. Retrieved 24 September 2014.
  5. ^ Sinha, Suveen K. (20 October 2011). "Lunch with BS: Ajay Bijli". Business Standard. Archived from the original on 20 October 2011. Retrieved 29 November 2011.
  6. ^ "PVR bought Cinemax for Rs 395 cr, becoming country's largest multiplex". Firstpost. 29 November 2012. Archived from the original on 2 December 2012. Retrieved 2 December 2012.
  7. ^ "PVR Acquires 69 percent Stake in Cinemax for 395 Crores". Biharprabha News. 30 November 2012. Archived from the original on 25 July 2015. Retrieved 25 July 2015.
  8. ^ "PVR acquires DLF's DT Cinemas for Rs 500 crore". The Times of India. 9 June 2015. Archived from the original on 1 July 2016. Retrieved 1 July 2016.
  9. ^ Urvi Malvania (11 February 2015). "Coming soon: Multiplex boom across India". Business Standard. Archived from the original on 25 July 2015. Retrieved 25 July 2015.
  10. ^ Raval, Anjli (21 July 2010). "India's thirst for gold hits the cinema". Financial Times. Archived from the original on 23 May 2017. Retrieved 8 November 2016.
  11. ^ "PVR buys Sathyam Cinemas in Rs 850 crore cash-&-stock deal". The Times of India. 13 August 2018. Archived from the original on 16 August 2018. Retrieved 16 August 2018.
  12. ^ "PVR announces crossing of 800 screen count in India". ETBrandEquity. The Economic Times. 28 August 2019. Retrieved 19 April 2020.

External links[edit]