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About PVR Inox


In November 1994, PVR's journey began with a joint venture between Village Roadshow Limited, an Australian entertainment giant, and Priya Exhibitors Private Limited (PEPL). This partnership led to the incorporation of the company in April 1995, known as Priya Village Roadshow (PVR). From its inception, PVR exhibited a pioneering spirit that would redefine the Indian cinema industry. The year 1997 marked a significant milestone as PVR introduced India to the concept of multiplex cinemas with the opening of PVR Anupam, a four-screen cinema in Saket, New Delhi. This innovative move revolutionised the way Indians experienced movies. PVR further streamlined operations by implementing computerised box office operations at PVR Anupam, marking a pivotal moment in the digitisation of cinema ticketing. PVR continued to grow and evolve, expanding its presence by launching PVR Priya, a single-screen cinema in Vasant Vihar, New Delhi, in January 2000. This expansion showcased PVR's commitment to catering to diverse audience preferences. In November 2002, PVR witnessed a major ownership change when PEPL acquired Village Roadshow Limited's entire shareholding in the company. Following this development, the company's name was officially changed to PVR. In May 2003, PVR attracted a significant investment when India Advantage Fund - I, managed by ICICI Venture Funds Management Company Limited, acquired a 38.45% stake in the company. This investment marked an infusion of ₹40 crore and helped solidify PVR's position in the industry. The year 2005 saw PVR enter the public market with its Initial Public Offering (IPO) priced at ₹225 per share. This move facilitated access to capital for the company's expansion plans and marked a pivotal moment in its financial journey. In 2009, PVR achieved another significant milestone through its merger with Sunrise Infotainment Pvt. Ltd, a wholly-owned subsidiary of the company. This strategic merger enhanced PVR's presence and diversified its offerings in the entertainment industry. Further strengthening its market position, PVR acquired DLF's DT Cinemas for ₹60 crore in 2009, expanding its footprint in the cinema exhibition sector. In February 2023, NCLT approved the merger of the two biggest multiplex rivals, PVR and INOX, forming PVR INOX Ltd.  Today, PVR stands as the largest multiplex network in India, boasting 1,697 screens across the country. In South India, PVR operates 542 screens in 96 properties, with 158 screens in 25 cinemas in Bengaluru and 201 screens in 35 cinemas in Karnataka. 

Business Segments

PVR INOX Ltd is a well-diversified media company deeply entrenched in the film entertainment industry. It primarily operates through two key business segments:
  1. Movie Exhibition: PVR INOX Ltd boasts the distinction of being India's largest multiplex player, with an extensive network comprising 1,697 screens spread across 361 properties. The company's services encompass a broad spectrum of film exhibition options, including Gold Screens, multiplexes, IMAX theatres, and specialised auditoriums like ICE THEATERS. In the top-tier screen section, various formats are available, such as Director's Cut, LUXE, Sapphire, IMAX, 4DX, P[XL], Playhouse, and PVR Onyx all around the nation.
  2. Food and Beverages: PVR INOX Ltd relies heavily on its food and beverage business, making up about 30% of its total revenue. They provide various food options to cater to diverse preferences, from gourmet treats to healthier choices. Notable partnerships and brands in this segment include:
  • Costa Coffee: PVR Inox has collaborated with Devyani International Ltd, Costa Coffee's franchisee, to offer coffee at select premium locations.
  • Nestlé Professional: PVR INOX has joined hands with Nestlé Professional to serve a variety of Nestlé beverages, such as NESCAFÉ, in over 200 PVR-Inox theatres across 29 cities in India.
  • 4700 BC: This brand, partially owned by PVR, offers a wide assortment of snacks, including gourmet popcorn, crunchy corn, protein pops, chips, and sweet corn.


  1. Zea Maize Pvt. Ltd.: Zea Maize Pvt. Ltd. is a food production company located in New Delhi, India. They are the holding company for their brand, 4700 BC Popcorn. PVR Inox, a major entertainment conglomerate, holds a significant 70% stake in Zea Maize Pvt. Ltd.
  2. Shouri Properties Private Limited: Shouri Properties Private Limited, based in Mumbai, is a construction company wholly owned by PVR Inox. 
  3. BS PVR Inox Limited: BS PVR Inox Limited, a subsidiary of PVR, expanded its footprint by establishing a 9-screen multiplex in 2019 in Colombo, operating under the name PVR Lanka Limited.

Key Personnel

  1. Mr Ajay Bijli, Managing Director
Ajay Bijli holds the position of managing director at PVR INOX Ltd, a result of the merger between PVR Ltd and Inox Leisure Ltd. This consolidation has made PVR INOX Limited the 5th-largest listed multiplex chain worldwide. Before this merger, Bijli was the chairman and managing director of PVR Ltd.  He also heads PVR Inox Pictures, the motion picture arm of PVR INOX Ltd, since 2013. Bijli's involvement in various film industry bodies and organisations highlights his influence and commitment to the entertainment sector in India. He's been instrumental in pivotal events like IPO and significant financial transactions, shaping the trajectory of the merged entity.

Corporate Actions

  • PVR INOX Limited announced an equity rights issue with a rights ratio of 7 shares for every 94 held. The premium for each share in this issue was set at ₹774. The record date was 09-Jul-2020.

Management Outlook

  • For the fiscal year 2024, the company is projecting revenues in the range of ₹6,000 to ₹7,000 crore. This growth is primarily attributed to a promising movie lineup and the expansion of cinema screens. The management is quite confident about the forthcoming movie releases and the opening of renowned destination cinemas.
  • The company's optimism is driven by the wide variety of content in various languages, including major releases from both Bollywood and Hollywood. They anticipate the volatility in box office revenues will stabilise in the coming quarters. In FY 2024, the company plans to add 150 to 175 new screens.
  • On average, the company allocates about 19 minutes for advertising during movie screenings, split into two slots: before the film begins and during the intermission. Currently, they are featuring around 12 to 12.5 minutes of advertising, but they foresee this duration increasing in the future.

Parent Organisation
Indian Private
Managing Director
Ajay Bijli
NSE Symbol

Peer Comparision

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Community Discussion

10th July 2024
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10th July 2024
PVR Inox Ltd-latest-market-updates-95938
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Pvr Ltd FAQs

Pvr Ltd (PVRINOX) share price as of July 15, 2024, on NSE is Rs 1476.95 (NSE) and Rs 1476.95 (BSE) on BSE.
Yes, You can buy Pvr Ltd (PVRINOX) shares by opening a Demat account with Angel One.
Pvr Ltd (PVRINOX) share can be bought through the following modes:
1. Direct investment: You can buy Pvr Ltd (PVRINOX) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Pvr Ltd (PVRINOX) shares.
The main business of PVR is to exhibit films and movies through its multiplex cinema halls spread across the country in various formats.
Some of the promoters of PVR are Ajay Bijli, Sanjeev Kumar, Selena Bijli, Niharika Bijli, Nayana Bijli, and Aamer Krishan Bijli.
The main subsidiaries that come under PVR are PVR Pictures Limited, Zea Maize Private Limited, and P V R Lanka Limited.
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