Block A,4th Floor,Building No.9
DLF Cyber City,phase III
We are a leading and premium Multiplex Cinema Exhibition company. We pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 and the largest 11-screen multiplex cinema in the country in 2004. Currently, our geographically diverse cinema circuit in India consists of 33 Cinemas with 142 screens spread over Delhi, Faridabad, Gurgaon, Ludhiana, Ghaziabad, Mumbai, Bangalore, Hyderabad, Chennai, Lucknow, Indore, Aurangabad, Baroda, Allahabad, Chhattisgarh, Ahmedabad Latur and Raipur. Taking India to the movies, the PVR brand has been successful in entertaining more than 16 million patrons in FY 2009-2010. We are the only film exhibition company in India to have had an international film exhibition operator as a strategic investor.
We were incorporated in April 1995 pursuant to a joint venture agreement between Priya Exhibitors Private Limited and Village Roadshow Limited, one of the largest non-U.S. cinema exhibition companies in the world with more than 1,000 screens under operation. Village Roadshow's international experience enabled us to begin our film exhibition business operations at PVR Saket, the first Multiplex Cinema in India, using international best practices. In November 2002, as part of Village Roadshow's planned divestment of its investments in 18 countries, it sold its entire shareholding in our Company to Priya Exhibitors Private Limited.
The company operates a film distribution and production business through PVR Pictures, a subsidiary of the company. PVR Ltd holds 60% shareholding in the subsidiary with the balance 40% stake held by JP Morgan Mauritius Holding Ltd and ICICI Venture in equal proportion (20% each). The movies co-produced by PVR Pictures include "Taare Zameen Par", "Jaane Tu Ya Jaane Na", "Contract" and "Mere Khwabon Mein Jo Aaye". Apart from the movies co-produced, some of the other movies distributed by us include "Ghajini", "Golmaal Returns", "Dasvidaniya", "Sarkar Raj", "Bal Ganesh", "Lions of Punjab", "Tum Mile", "Aviator", "Chicago", "Hannibal Rising", "Don", “Twilight”, to name a few.
Our long-term vision is to remain India' most premium and most preferred Retail Entertainment Company. To achieve this vision, we continue to provide the highest exhibition standards at our cinemas besides increasing the number of cinemas under operation on a pan India basis. We further look forward to bringing allied retail entertainment concepts to India to complement and complete the entertainment experience for our consumers.