INOX Leisure Limited

INOX Leisure Limited is amongst India's largest multiplex chains with 156 multiplexes and 658 screens in 70 cities, as of October 2021[5].[6][7][8] It is part of the INOX Group of companies.[9]

INOX
TypePublic
BSE: 532706
NSE: INOXLEISUR
IndustryEntertainment (cinema chain)
Founded1999[1]
HeadquartersViraj Towers, Andheri East
Mumbai, India
Number of locations
70 cities (156 multiplexes, 658 screens)[2]
Key people
Siddharth Jain
(Board Member)
[3]
Alok Tandon
(CEO)
[4]
Revenue₹1,707 crore (US$230 million)
WebsiteOfficial site

Sustainability

The Metro INOX multiplex at Mumbai is India's first cinema to be powered by solar power. This was a first-ever instance in the Indian cinema industry according to INOX’s Director Siddharth Jain.[10] In another first, INOX has also installed Electric Vehicle charging station at its multiplex in Pune. [11]

History and operations

INOX Leisure Limited was formed on 9th November 1999 as Public Limited Company.[12] It is a subsidiary of Gujarat Fluorochemicals Ltd.[13]

  • Year 2002 - Commenced operations as first four-screen Multiplex at Pune and later four-screen multiplex at Vadodara.
  • Year 2004 - Commenced operations in Kolkata, Goa and Mumbai with Mumbai one having five-screen Multiplex.
  • Year 2005 - commences operation in second five-screen Multiplex in Bangalore and a two-screen Multiplex in Jaipur. Enters into distribution business by signing Memorandum of Understanding relating to it, with Pantaloons for preferential access to operate Multiplex's in places where Pantaloons are operating. Also starts Multiplexes at Indore, Darjeeling and Kota. Also makes public issue of 16,500,000 equity shares of Rs.10 each with pricing of Rs.120 per share consisting of a fresh issue of 12,000,000 equity shares of Rs.10 each and an offer for sale of 4,500,000 equity shares of Rs.10 each by Gujarat Fluorochemicals Ltd.

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.[14]

INOX acquired Satyam Cineplexes Limited by way of acquisition of 100% of the equity share capital from its existing shareholders which is valued at Rs 182 crores.[6]

Awards

INOX Leisure Ltd was given the 'Technology Adopter of the Year' Award by Big Cine Expo 2016[15].[16]

  • Year 2005 - 'ICICI Entertainment Retailer of the Year' Award.[12]
  • Year 2006 - TAAL Multiplexer Award.
  • Year 2007 - Emerging Superbrand of the year.

References
  1. "Archived copy" (PDF). Securities and Exchange Board of India. Archived from the original (PDF) on 4 March 2016. Retrieved 29 June 2010.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. "Multiplex chain operator Inox Leisure on Friday reported widening of consolidated net loss at Rs 87.66 crore for September quarter 2021-22". business-standard.com. 22 October 2021. Retrieved 26 October 2021.
  6. "Inox acquires Satyam Cineplex for Rs 182 crore". Business Standard. BS Reporter. 31 July 2014. Retrieved 1 September 2021.
  7. "Inox opens with Dabangg-2". The Times of India. 5 January 2013. Archived from the original on 14 October 2013. Retrieved 15 July 2013.
  8. "Multiplex brand INOX debuts in state". Business Standard. 5 January 2013. Archived from the original on 8 February 2013. Retrieved 15 July 2013.
  9. "Inox Group". Inox Group. Retrieved 30 September 2021.
  10. "Mumbai's Metro Inox becomes 1st multiplex to go solar". DNA India. Retrieved 22 November 2021.
  11. "Cinemas, restaurants: Charging stations for e- vehicles mushrooming in Pune city". Hindustan Times. 18 October 2021. Retrieved 22 November 2021.
  12. "Inox Leisure Ltd. (INOXLEISUR) - Company History". business-standard.com. Retrieved 26 October 2021.
  13. "Inox Leisure Ltd". ndtv.com. Retrieved 26 October 2021.
  14. "Inox buys Kolkata cinema house". Business Standard India. 26 June 2006. Retrieved 30 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.
  16. "Big Cine Expo 2016 Winners". bigcineexpo.com. Retrieved 1 September 2021.
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