BSE:532689 | NSE:PVREQ | 58888:pvr | IND:Film/TV Production & Distribution | ISIN code:INE191H01014 | SECT:Media & Entertainment
The Company History page lists out the major events in chronological order for PVR Ltd.
|Company History - PVR Ltd.|
|The Company was incorporated on April 26, 1995 under the
Companies Act as "Priya Village Roadshow Limited" and obtained
a certificate of commencement of business on December 4, 1995.
On June 28, 2002 the name of our Company was changed from
"Priya Village Roadshow Limited" to "PVR Limited" consequent to
the exit of Village Roadshow Limited from our Company. We also
changed our registered office within the same state from 50, West
Regal Building, Connaught Place, New Delhi 110 001 to 61, Basant
Lok, Vasant Vihar, New Delhi 110 057. The change in registered
office has been approved by resolution of our Board on August 5,
A chronology of some key events since the Company was incorporated is set forth below:
Calendar Year Event and Month
November, 1994 Joint venture agreement executed between Village Roadshow Limited, Australia and PEPL.
April, 1995 Our Company was incorporated as a joint venture between Village Roadshow Limited and PEPL.
February, 1996 1,199,300 Equity Shares of our Company issued to Ajay Bijli Motor Finance Limited., which company is currently called BIPL (our Promoter).
June, 1997 Opened India's first Multiplex Cinema PVR Anupam, a four-screen cinema, at Saket, New Delhi.
June, 1997 Computerized box office operations by selling computerized tickets at our cinema, PVR Anupam.
January, 2000 Commenced single-screen cinema PVR Priya at Vasant Vihar, New Delhi.
August, 2001 Opened a four -screen Multiplex Cinema, PVR Naraina in New Delhi.
November, 2001 Opened a three-screen Multiplex Cinema, PVR Vikaspuri in New Delhi.
November, 2002 PEPL acquired the entire share holding held by Village Roadshow Limited in our Company.
May, 2003 WITEC, in its capacity as Trustee of India Advantage Fund - I, a trust registered under the Indian Trusts Act, 1882 and acting through its investment manager ICICI Venture Funds Management Company Limited, agreed to acquire 38.45% stake in our Company by way of purchase of Equity Shares from BIPL and by way of subscription to a fresh issue of Equity Shares made by the Company. WITEC also subscribed to optionally convertible debentures issued by our Company.
May, 2003 Opened a seven-screen Multiplex Cinema, PVR Gurgaon at the Metropolitan mall, Gurgaon, Haryana.
November, 2004 Opened India's largest Multiplex Cinema, PVR Bangalore, with eleven screens at the Forum mall, Koramangla, Bangalore.
May, 2004 Opened PVR Plaza, a single-screen cinema with a heritage ambience at Connaught Place, New Delhi
November, 2004 Commenced operations at the first multiplex under the management fees/franchise model - PVR SRS, a three screen Multiplex Cinema at SRS mall, Faridabad, Haryana.
March, 2005 The optionally convertible debentures issued to WITEC were converted into equity shares of the Company.
March, 2005 Opened our tenth Multiplex Cinema, PVR EDM, a three-screen cinema at East Delhi mall, Uttar Pradesh.
-PVR Ltd, a multiplex cinema operator, has fixed its IPO price at Rs 225
-PVR Ltd has appointed Mr. Sanjay Khanna as an Additional Director on the Board of the Company w.e.f. April 15, 2008 to fill the casual vacancy caused due to the resignation of Mr. Amit Burman from the Board of the Company on January 24, 2008.
-PVR mergered with Sunrise Infotainment Pvt. Ltd (the transferor Company) a 100% subsidiary of the Company with PVR Ltd (the transferee Company).
-PVR acquires DLF's DT Cinemas for Rs 60 cr
-PVR Opens another Multiplex in Raipur, Chhattisgarh
-PVR Opens another Multiplex at Allahabad, U.P.
-PVR Opens two Multiplexes at Ghaziabad, U.P.
-PVR mergers with Leisure World Private Limited ("LWPL")
-Imax and PVR Cinemas sign Four Theatre Deal in India
-PVR Opens Multiplex at The Celebration Mall situated at Udaipur
-Opening of another Multiplex at "The RahulRaj Mall" situated at Surat
-Opening of another Multiplex at "Ambiance Mall", Vasant Kunj, New Delhi
-Opening of Multiplex at "Avani Riverside Mall", Howrah
- Opening of Multiplex at "Nanded"
-PVR opens multiplex in Bilaspur, Chattisgarh
-PVR opens 8 screens multiplex in Mumbai
-Opening of Multiplex at "ORION, Bangalore"
2013 -"Opening of Multiplex at "Koregaon Plaza Mall, Pune, Maharashtra". - "Opening of Multiplex at "ORION, Bangalore". -"Opening of Multiplex at "Lulu Shopping Mall, Kochi"". -Company has launched its first IMAX Theatre at PVR Phoenix Mills, Lower Parel in Mumbai. -"Opening of Multiplex at "Andheri, Mumbai"". -"Opening of Two Multiplexes at "Elante Mall, Chandigarh" and "Phoenix Market City Mall, Bangalore".
2014 -"Opening of Multiplex at Bharti Pavilion Mall, Ludhiana, Punjab". -"Opening of Multiplex at "Surya Treasure Island Mall" Bhilai, Chhattisgarh". -"Opening of Multiplex at "Pacific Mall" Dehradun, Uttarakhand". -"Opening of Multiplex at "Sujana Forum Mall, Kukatpally, Hyderabad, Telangana".
2015 -Opening of Multiplex at "Aura Mall, Sector E-8, Arena Colony, Bhopal" -Opening of Multiplex at 'Curo High Street Mall, 66 Feet Road, Lohar Nangal -Opening of Multiplex at "MSR Regaliaa Elements Mall, Bengaluru" -Opening of Multiplex at "Sanagm Cinema, New Delhi" -Opening of Multiplex at "Bokaro Mall, Bokaro, Jharkhand". -PVR ties up with CinemaCon to bring 4DX to India -PVR Cinemas strengthens its presence in South India
2016 -"PVR Cinemas retains its leadership in the state of Karnataka". -PVR launches 6 screens multiplex at Bengaluru. - "PVR achieves a historic milestone of 500 Screens". -"Paytm and PVR Form Strategic On-Line Movie Ticketing Relationship". -"PVR launches the magnum opus of the multiplex industry PVR 'Superplex' at Logic City centre". - PVR "Inaugurates 5-screen multiplex at "Panvel, Raigad District, Maharashtra".
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