Mukta Arts to add screens Mukta A2 Cinemas, aims to operates 100 screens by 2021

Mumbai-based film production company Mukta Arts, which runs multiplex chain under the brand name 'Mukta A2 Cinemas', plans to add around 25 screens by 2021 taking its total count to around 100 screens, according to a top company official.

Mukta Arts, founded by Bollywood producer and director Subhash Ghai, is planning to invest around Rs 50 crore in the next two years for expansion of the multiplex chain, primarily targeting the budget segment viewers from tier-II and III cities in the domestic market.

Besides, the company, which also has overseas presence and operates six screen in Bahrain, has plans to expand its operation abroad.

"We currently have 74 screens across India and abroad. We are looking at cities like Chennai and Bengaluru to expand to 100 screens by the calendar year 2021," said Mukta Arts Managing Director Rahul Puri.

Mukta Arts would be investing "over Rs 50 crore to reach our targets within the next two or two and a half years," he said adding that "the company is evaluating various ways to raise the funds required for the expansion".

On being asked about the projection for the coming 3-4 years for Mukta A2 Cinemas, Puri said, "We intend to double the number of screens."