Inox Leisure Ltd is the diversification venture of the INOX group into entertainment and is a subsidiary of Gujarat Flurochemicals Ltd. The company is carrying out the business of setting up, operating and managing a national chain of world class multiplexes under the brand name 'Inox'. Each Inox multiplex is situated in premium locations, offering world-class designs and a great ambience. Inox Leisure Ltd was incorporated as a public limited company on November 9, 1999. In short span of time, the company has emerged as a force to reckon with in the Indian film exhibition business. Also, they established themselves as being amongst the fastest growing national multiplex chain in the country. In the year 2002, the company commenced their operation in their first four-screen Multiplex at Pune. Also, in the same year, they commenced four-screen Multiplex at Vadodara. In the year 2004, they commenced their operations in Kolkata, Goa and Mumbai. The Mumbai Multiplex is five-screen Multiplex. In the year 2005, the company commenced their operation in their second five-screen Multiplex in Bangalore and two-screen Multiples in Jaipur. Also, in the same year, they entered into a distribution business by signing of distribution agreements in select territories. The company has entered into a MoU with Pantaloon Group, for preferential access to multiplex areas in all real estate developments, with which the Pantaloon Group is associated. During the year 2005-06, the company launched their Multiplexes at Indore, Darjeeling and Kota. During the year, the made their public issue of 1,65,00,000 equity shares of Rs.10 each at a price of Rs.120 per share consisting of a fresh issue of 1,20,00,000 equity shares of Rs.10 each and an offer for sale of 45,00,000 equity shares of Rs.10 each by Gujarat Fluorochemicals Ltd. The company is the winner of the 'ICICI Entertainment Retailer of the Year' Award for the year 2005, TAAL Multiplexer Award in the year 2006 and Emerging Superbrand of the year 2006 - 07. In year 2007, the company started their operations in their Multiplexes at Nagpur, Chennai, Jaipur, Vijaywada, Bharuch and Lucknow. In the year 2008, they started their Multiplexes at Faridabad, Nagpur, Bangalore and Burdwan. Calcutta Cine Pvt Ltd was amalgamated with the company with effect from July 18, 2007 and Prime Skyline Developers Pvt Ltd also amalgamated with the company with effect form March 21, 2008.