You are here » Home » Companies » Company Overview » PVR Ltd

PVR Ltd.

BSE: 532689 Sector: Media
NSE: PVR ISIN Code: INE191H01014
BSE 00:00 | 08 Aug 2129.95 19.50
(0.92%)
OPEN

2110.45

HIGH

2134.65

LOW

2093.75

NSE 00:00 | 08 Aug 2128.30 17.45
(0.83%)
OPEN

2110.00

HIGH

2134.95

LOW

2092.20

OPEN 2110.45
PREVIOUS CLOSE 2110.45
VOLUME 8928
52-Week high 2211.55
52-Week low 1224.70
P/E
Mkt Cap.(Rs cr) 13,008
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 2110.45
CLOSE 2110.45
VOLUME 8928
52-Week high 2211.55
52-Week low 1224.70
P/E
Mkt Cap.(Rs cr) 13,008
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

PVR Ltd. (PVR) - Company History

PVR Ltd is a leading and premium Multiplex Cinema Exhibition company engaged in the business of Movie exhibition distribution & production and also earns revenue from in-house advertisement sale of food & beverages gaming and restaurant business. The company pioneered the multiplex revolution in India by establishing the country's first multiplex cinema. The company earns revenue from in-cinema advertisements/product displays and in-cinema sale of food and beverages. The company is the largest Multiplex Cinema operator by number of screens in India.As on March 31 2018 PVR had three subsidiary companies namely PVR Pictures Limited PVR Lanka Limited and Zea Maize Private Limited. The company operates a film distribution and production business through their subsidiary PVR Pictures which acquires and distributes Indian and international films.PVR Ltd was incorporated on April 26 1995 as Priya Village Roadshow Ltd pursuant to a joint venture agreement between Priya Exhibitors Pvt Ltd and Village Roadshow Ltd. The company established the first Multiplex Cinema in India PVR Anupam in Saket New Delhi in June 1997 and they computerized box office operations by selling computerized tickets.In January 2000 the company commenced single-screen cinema PVR Priya at Vasant Vihar New Delhi. In April 2001 the company opened a four-screen Multiplex Cinema PVR Naraina in New Delhi and in November 2002 they opened a three-screen Multiplex Cinema PVR Vikaspuri in New Delhi.In the year 2002 as a part of disinvestment Village Roadshow Ltd sold their entire shareholding to Priya Exhibitors Private Ltd. Hence the company changed their name from Priya Village Roadshow Ltd to PVR Ltd with effect from June 28 2002.In March 2003 the India Advantage Fund-I managed by ICICI Venture Funds Management Company Ltd invested Rs. 380 million in the company by acquiring 38.45% stake by way of purchase of equity shares from BIPL.In May 2003 the company opened a seven-screen Multiplex Cinema PVR Gurgaon at the Metropolitan mall Gurgaon Haryana. In the year 2004 they opened India's largest Multiplex Cinema PVR Bangalore with eleven screens at the Forum mall Koramangla Bangalore. In May 2004 the company opened PVR Plaza a single-screen cinema with a heritage ambience at Connaught Place New Delhi and in November 2004 they commenced operations at the first multiplex under the management fees/franchise model - PVR SRS a three screen Multiplex Cinema at SRS mall Faridabad Haryana. In March 2005 the company opened their Multiplex Cinema PVR EDM a three-screen cinema at East Delhi Mall Uttar Pradesh.During the year 2005-06 the company commenced operations at three new multiplex projects namely PVR Punjagutta - Hyderabad PVR Rivoli - Delhi and Spice PVR - Noida. They also commenced operations at five new multiplex properties at Mumbai Indore Lucknow and Gurgaon. PVR Pictures Ltd became 100% subsidiary of the company during the year.During the year the company made an initial public offering of 7700000 equity shares comprising a fresh issue of 5700000 equity shares by the company and an offer for sale of 2000000 equity shares by The Western India Trustee and Executor Company Ltd. In January 4 2006 the company's shares were listed on the National Stock Exchange and the Bombay Stock Exchange.During the year 2006-07 the company commenced commercial operations form seven new multiplex projects namely PVR Juhu Mumbai; PVR Indore PVR Lucknow PVR Mulund Mumbai PVR Sahara Mall Gurgaon PVR Talkies Aurangabad and PVR Talkies Latur Also they acquired the entire shareholding of Sunrise Infotainment Pvt Ltd thereby making it as a wholly owned subsidiary company.During the year the company launched a new brand of cinema called 'PVR Talkies' to cater the demand of the cinema viewing public in class B & C cities at a lower price range for an enhanced movie viewing experience. They opened their PVR Talkies multiplexes at Aurangabad. The company entered into the business of Food Court by launching its first outlet at Sahara Mall Gurgaon Haryana by the name of 'PVR Food Union'.During the year 2007-08 the company commenced operations at four new multiplex projects thereby adding 16 new screens under operation. The company operates film distribution and production business through its subsidiary PVR Pictures. is involved in production of Hindi films and distribution of Indian and international films. 'Taare Zameen Par' and 'Jaane Tu ya Jaane na' the first two co-production movies of PVR Pictures released during the year. During the year the company introduced PVR Premiere brand with their first cinema at Select Citywalk Mall in Delhi. The company signed an MoU with Gyan Enterprises Pvt Ltd to enter in to a joint venture through a special purpose vehicle namely Lite Bite Foods Pvt Ltd for the purpose of running managing and operating Food Courts Restaurants Pubs Coffee Shops etc.In March 28 2008 the company incorporated PVR bluO Entertainment Ltd as a subsidiary of the company pursuant to the joint venture with Major Cineplex Group for carrying out the activities of setting-up and running Bowling Alleys Karaoke Centers and Ice Skating Rinks across India.During the year 2008-09 the company and their subsidiaries started commercial operations at Ambience Mall Ambience Food Court Chandigarh Phoenix Mills Limited Mumbai and Oberoi Malls Mumbai. In May 2008 Sunrise Infotainment Pvt Ltd opened their multiplex and in December 26 2008 C R Retail Malls (India) Pvt Ltd opened a multiplex in Mumbai. PVR Pictures Ltd the wholly owned subsidiary company co-produced a movie namely 'Jaane Tu Ya Jaane Na' with Amir Khan Production Pvt Ltd. In March 12 2009 PVR bluO opened their first and India's largest 24 lane Bowling Centre with the brand name of 'blu-O' located at prestigious Ambience Mall in Gurgaon.The company filed a scheme of amalgamation entailing merger of Sunrise Infotainment Pvt Ltd a subsidiary company with the company with the appointed date April 01 2008 and the Hon'ble Delhi High Court approved the merger on August 4 2009.During the year 2009-10 In order to grow the business of the company added 28 screens at 5 locations i.e. Raipur Allahabad Ghaziabad Chennai and Ahmedabad. The company added 19 screens at 3 locations i.e. Chennai Ahmedabad and Lucknow in 2010-11.During the year 2013-14 the company approved the composite scheme of amalgamation entailing merger of Cinemax India Ltd its five wholly owned subsidiaries namely Vista Entertainment Ltd Nikmo Entertainment Ltd Growel Entertainment Ltd Cinemax Motion Pictures Ltd and Odeon Shrine Multiplex Ltd along with Cine Hospitality Pvt Ltd a whooly owned subsidiary of PVR Ltd.During the year 2014-15 the company has opened 9 new properties with 50 screens and currently operates a network of 474 screens spread over 106 properties in 43 cities across the country.On 9 June 2015 PVR entered into definitive agreements to acquire the cinema exhibition business of DLF Utilities Limited which is operated under the brand name of DT Cinemas on a slump sale basis for an aggregate consideration of approximately Rs. 500 Crores. DT Cinemas (DT) operates 29 screens with approximately 6000 seats across 8 properties in the National Capital Region and Chandigarh.During FY 2015 the Directors of the company in order to optimize group legal entity structure and ensure greater alignment with the business and to achieve operational synergies have approved merger of PVR Leisure Limited (a Wholly-Owned Subsidiary of the Company) and Lettuce Entertain You Limited (a Wholly-Owned Subsidiary of PVR Leisure Ltd.) Transferor Companies with PVR Limited Transferee Company w.e.f. the appointed date 1 April 2015 subject to the approvals to be obtained from members creditors and Hon'ble Delhi High Court besides other regulatory authorities.On 25 March 2015 the Company executed Shareholders Agreement for the acquisition of 70% equity share capital of Zea Maize (P) Ltd. which runs the Delhi based popcorn Chain 4700 BC Popcorn' for a consideration of about Rs. 5 crores to serve its gourmet popcorn to around 35 PVR Cinemas & later its services will be extended to Company's other Cinemas in Tier 1 cities.During the year 2016 the company opened 8 new properties with 52 screens.During the year 2017 the company added 65 screens. The company has on 9 August 2016 incorporated PVR Lanka Limited for setting up of multiplexes in Sri Lanka. The company has invested USD 59993 for subscription of 91249 shares of LKR 100/- each of PVR Lanka Limited on 18 May 2016.The Hon'ble Delhi High Court approved the merger of Bijli Holdings Private Limited with the Company vide Order dated 2 September 2016 and merger of PVR Leisure Limited and Lettuce Entertain You Limited with the Company effective from 1 April 2015 vide Order dated 19 October 2016.In FY17 PVR in partnership with HP launched Asia's first Virtual Reality (VR) lounge at PVR ECX Mall of India Noida.

.