PVR BluO plans 6 new centres in next 3 years

Country's largest bowling chain PVR BluO is planning to open six new centres with an investment of Rs 100 crore over the next three years.

PVR BluO is a 51:49 JV between PVR Ltd and Major Cineplex Group of Thailand.

The company is looking at a turnover of Rs 75-80 crore by the end of this fiscal.

"In the next financial year (2014-15), we are targeting it to be in the range of Rs 120-150 crore," PVR Bluo COO Vishal Sawhney told PTI.

On investment plan, he said: "In the next two to three years, we are looking for an equity of almost Rs 100 crore."

At present, it has six centres in Delhi NCR, Bangalore, Pune and Chandigarh and is now planning to open six more across the country.

According to Sawhney, PVR BluO is offering its customers one-stop entertainment - bowling experience with food, beverages and spa.

The company spends around Rs 85 to 90 lakh per bowling lane and a minimum of Rs 12 crore to open a new centre.

PVR BluO aims to break even the investment in the next 3-4 years.