INOX Leisure or INOX Movies is an Indian

multiplex Multiplex may refer to: * Multiplex (automobile), a former American car make * Multiplex (comics), a DC comic book supervillain * Multiplex (company), a global contracting and development company * Multiplex (assay), a biological assay which measur ...

chain based in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

. As of December 2022, it has 169 multiplexes and 730 screens in 74 cities of the country. INOX Leisure Limited is the entertainment venture of the INOX Group.

History

The company was incorporated as a public limited company in November 1999. It is a subsidiary of INOX Group of Companies. In 2002, the company commenced its operation by opening its first four-screen multiplex at

Pune Pune (; ; also known as Poona, (List of renamed Indian cities and states#Maharashtra, the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million ...

and another four-screen multiplex at

Vadodara Vadodara (), also known as Baroda, is the second largest city in the Indian state of Gujarat. It serves as the administrative headquarters of the Vadodara district and is situated on the banks of the Vishwamitri River, from the state capital ...

. In 2004, multiplexes were added in

Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...

Goa Goa () is a state on the southwestern coast of India within the Konkan region, geographically separated from the Deccan highlands by the Western Ghats. It is located between the Indian states of Maharashtra to the north and Karnataka to the ...

, and

. 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. Over the years, more screens were added in cities including

Bangalore Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

Jaipur Jaipur (; Hindi Language, Hindi: ''Jayapura''), formerly Jeypore, is the List of state and union territory capitals in India, capital and largest city of the Indian States and union territories of India, state of Rajasthan. , the city had a pop ...

Indore Indore () is the largest and most populous Cities in India, city in the Indian state of Madhya Pradesh. It serves as the headquarters of both Indore District and Indore Division. It is also considered as an education hub of the state and is t ...

Darjeeling Darjeeling (, , ) is a town and municipality in the northernmost region of the Indian state of West Bengal. Located in the Eastern Himalayas, it has an average elevation of . To the west of Darjeeling lies the easternmost province of Nepal, ...

Kota, Rajasthan Kota (), previously known as ''Kotah'', is a city located in the southeast of northern Indian state of Rajasthan. It is located about south of the state capital, Jaipur, situated on the banks of Chambal River. With a population of over 1.2 mi ...

, and

Lucknow Lucknow (, ) is the capital and the largest city of the Indian state of Uttar Pradesh and it is also the second largest urban agglomeration in Uttar Pradesh. Lucknow is the administrative headquarters of the eponymous district and division ...

Mergers & acquisitions

In 2006, INOX acquired 89 Cinemas, owned by Calcutta Cinema Private Ltd (CCPL), in a

share swap In corporate finance a stock swap is the exchange of one equity-based asset for another, where, during the merger or acquisition, the swap provides an opportunity to pay with stock rather than with cash; see . Overview The acquiring company ...

deal, giving INOX ownership of nine multiplexes in

West Bengal West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fourt ...

and

Assam Assam (; ) is a state in northeastern India, south of the eastern Himalayas along the Brahmaputra and Barak River valleys. Assam covers an area of . The state is bordered by Bhutan and Arunachal Pradesh to the north; Nagaland and Manipur ...

. INOX acquired

Satyam Cineplexes INOX Leisure or INOX Movies is an Indian multiplex chain based in Mumbai. As of December 2022, it has 169 multiplexes and 730 screens in 74 cities of the country. INOX Leisure Limited is the entertainment venture of the INOX Group. History ...

Limited by way of acquisition of 100% of the equity share capital from its existing shareholders which is valued at ₹182 crores. On 27 March 2022, INOX announced it would be merging with

PVR Cinemas PVR Ltd (formerly Priya Village Roadshow Ltd), doing business as PVR Cinemas, is an Indian multiplex chain based in Gurgaon. PVR pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at Saket, New Delh ...

, the largest cinema chain in India.

Sustainability

According to INOX’s Director Siddharth Jain, in 2018, the Metro INOX multiplex at

became India's first cinema to be powered by solar power. And in 2021, the company installed

electric vehicle charging station A charging station, also known as a charge point or electric vehicle supply equipment (EVSE), is a piece of equipment that supplies electrical power for charging plug-in electric vehicles (including electric cars, electric trucks, electric b ...

at its multiplex in

Awards

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

Gallery

File:A still of the INOX Multiplex Theatre which is one of the venue for the 36th International Film Festival of India, 2005 in Panaji, Goa on November 23, 2005.jpg, 36th

International Film Festival of India The International Film Festival of India (IFFI), founded in 1952, is one of the most significant film festivals in Asia. Held annually, currently in the state of Goa, on the western coast of the country, the festival aims at providing a common pla ...

(IFFI-2005) at INOX Panaji (November 2005) File:A long queue of cine goers at INOX Multiplex during the 37th International Film Festival (IFFI-2006) in Panaji, Goa on November 24, 2006.jpg, 37th

(IFFI-2005) at INOX Panaji (November 2006) File:Iffi goa 2012.jpg, 43rd

(IFFI-2014) at INOX Panaji (November 2012) File:Inox multiplex1.JPG, INOX Multiplex, Pune (October 2012) File:Inox Multiplex Srinagar.jpg, alt=One of the three halls of INOX Multiplex Srinagar. The cinema will be thrown open for general people in the September 2022., INOX Multiplex

Srinagar Srinagar (English: , ) is the largest city and the summer capital of Jammu and Kashmir, India. It lies in the Kashmir Valley on the banks of the Jhelum River, a tributary of the Indus, and Dal and Anchar lakes. The city is known for its natu ...

. (September 2022) File:Inox Ambuja mall, Raipur.png, INOX concession stand, Ambuja mall, Raipur (August 2018) File:A view of ‘INOX’ Multiplex Theatre, which is one of the venues for the 45th International Film Festival of India (IFFI-2014), in Panaji, Goa on November 20, 2014.jpg, 45th

(IFFI-2014) at INOX Panaji (November 2014) File:INOX Margao.jpg, INOX Margao, Goa (April 2015)

References

External links

* {{DEFAULTSORT:Inox Inox Group Companies based in Mumbai Cinema chains in India Indian companies established in 1999 Entertainment companies established in 1999 1999 establishments in India Companies listed on the Bombay Stock Exchange Announced mergers and acquisitions