INOX Leisure

INOX Leisure or INOX Movies was an Indian multiplex chain based in Mumbai. INOX Leisure merged with PVR Cinemas in March 2023 to form PVR INOX. As of December 2022, INOX had 170 multiplexes and 722 screens in 74 cities of the country.[5] INOX Leisure Limited was the entertainment venture of the INOX Group.

Inox Leisure Ltd.
TypePublic
ISININE312H01016
IndustryEntertainment
Founded1999 (1999)[1]
FounderPavan Jain
FateMerged with PVR Cinemas in March 2023
HeadquartersViraj Towers, Andheri East, Mumbai,
India
Number of locations
74 cities (170 multiplexes, 722 screens)[2]
Key people
RevenueIncrease ₹1,707 crore (US$210 million)
Number of employees
1500
Subsidiaries
Websitewww.inoxmovies.com

History

The company was incorporated as a public limited company in November 1999.[6] It is a subsidiary of INOX Group of Companies.[7] In 2002, the company commenced its operation by opening its first four-screen multiplex at Pune and another four-screen multiplex at Vadodara. In 2004, multiplexes were added in Kolkata, Goa, and Mumbai.

In 2006, the company went public by issuing 1,65,00,000 equity shares of ₹10 each with pricing of ₹120 per share consisting of a fresh issue of 1,20,00,000 equity shares of ₹10 each and an offer for sale of 45,00,000 equity shares of ₹10 each by Gujarat Fluorochemicals.[8]

Over the years, more screens were added in cities including Bangalore, Jaipur, Indore, Darjeeling, Kota, Rajasthan, and Lucknow.

Mergers & acquisitions

In 2006, INOX acquired 89 Cinemas, owned by Calcutta Cinema Private Ltd (CCPL), in a share swap deal, giving INOX ownership of nine multiplexes in West Bengal and Assam.[9]

INOX acquired Satyam Cineplexes Limited by way of acquisition of 100% of the equity share capital from its existing shareholders which is valued at ₹182 crores.[10]

On 27 March 2022, INOX announced it would be merging with PVR Cinemas, the largest cinema chain in India.[11]

Sustainability

According to INOX’s Director Siddharth Jain, in 2018, the Metro INOX multiplex at Mumbai became India's first cinema to be powered by solar power.[12] And in 2021, the company installed electric vehicle charging station at its multiplex in Pune & Vadodara.[13]

Awards
  • 2005 - 'ICICI Entertainment Retailer of the Year' Award.[6]
  • 2006 - TAAL Multiplexer Award.
  • 2007 - Emerging Superbrand of the year.
  • 2016 - Big Cine Expo Awards' Best Technology Adopter of the Year[14]
  • 2017 - India Retail Forum's Entertainment Retailer of the Year[15]

References
  1. "Archived copy" (PDF). Securities and Exchange Board of India. Archived from the original (PDF) on 4 March 2016. Retrieved 29 June 2010.{{cite web}}: CS1 maint: archived copy as title (link)
  2. "Corporate". www.inoxmovies.com. Retrieved 1 September 2021.
  3. "Siddharth Jain, Inox Leisure Ltd: Profile and Biography". Bloomberg Markets. Retrieved 10 November 2021.
  4. "Alok Tandon, Inox Leisure Ltd: Profile and Biography". Bloomberg Markets. Retrieved 1 September 2021.
  5. Market, Capital (23 December 2021). "Inox Leisure starts operations of multiplex cinema theatre in Dhanbad, Jharkhand". Business Standard India. Retrieved 26 December 2021.
  6. "Inox Leisure Ltd. (INOXLEISUR) - Company History". business-standard.com. Retrieved 26 October 2021.
  7. "Inox Leisure Ltd". ndtv.com. Retrieved 26 October 2021.
  8. "Inox IPO oversubscribed; to be listed on 23 February". Indian Television Dot Com. 22 February 2006. Retrieved 26 December 2021.
  9. "Inox buys Kolkata cinema house". Business Standard India. 26 June 2006. Retrieved 30 September 2021.
  10. "Inox acquires Satyam Cineplex for Rs 182 crore". Business Standard. BS Reporter. 31 July 2014. Retrieved 1 September 2021.
  11. reuters.com
  12. "Mumbai's Metro Inox becomes 1st multiplex to go solar". DNA India. Retrieved 26 December 2021.
  13. "Cinemas, restaurants: Charging stations for e- vehicles mushrooming in Pune city". Hindustan Times. 18 October 2021. Retrieved 26 December 2021.
  14. "Big Cine Expo 2016 Winners". bigcineexpo.com. Retrieved 1 September 2021.
  15. "INOX Leisure Wins Entertainment Retailer of the Year and Two More Awards for Technology at India Retail Forum 2017". prnewswire.com. 22 September 2017. Retrieved 26 October 2021.
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