Walking tour in Community Center, PVR Cinemas, Basant Lok, Vasant Vihar, New Delhi.
PVR Cinemas is a film entertainment company in India. The company started as a joint venture agreement between Priya Exhibitors Private Limited and Village Roadshow Limited in 1995 with 60:40 ratio. It began its commercial operations in June 1997. The company is founded by Ajay Bijli who is the chairman and managing director of PVR Cinemas. Ajay Bijli's brother Sanjeev Kumar Bijli is the Joint Managing Director of PVR Ltd. The company also operates a pro-active CSR wing under PVR. The first PVR Gold Screen was introduced in Forum Mall, Bangalore.
PVR Cinemas has its origin as Priya Cinema in South Delhi, the Cinema was named after Priya Jaisinghani and was bought by Ajay Bijli's father in 1978, who also owned a trucking business, Amritsar Transport Co. In 1988, Bijli took over the running of the cinema hall, which was revamped in 1990, and its success led to the founding PVR Cinemas.
In 2003, ICICI Ventures invested ₹40 crore in PVR when Priya Village Roadshow decided to pull out of the partnership. In 2012, Kanakia group owned CineMAX cinema chain was bought by Cine Hospitality Private Ltd, a subsidiary of PVR Cinemas for ₹395 crore (US$55 million), making PVR the largest cinema chain in India. In May 2016, DLF group owned DT Cinemas was bought by PVR Cinemas for ₹433 crore (US$61 million). Recently PVR Cinemas ventured into a new cinema concept- Superplex in Noida. The cinema has 15 screens with IMAX, 4DX, Gold Class, a playhouse and mainstream auditoriums. PVR Cinemas has invested ₹48 crores in this new venture. PVR's first "Gold Screen" was launched in Indore in 2007. Recently, PVR Cinemas in association with HP India has launched Asia's first Virtual Reality (VR) Lounge at PVR ECX, Mall of India, Noida.
In August 2018, PVR Cinemas announced their acquisition of Chennai-based SPI Cinemas for ₹850 crore in a cash and stock deal.
In August 2019 PVR Cinemas crossed its 800 screens milestone count in India.
Source: Wikipedia
Established in 1971 by Late Shri Vishwant Kumar, Modern Bazaar was set up as India’s First Supermarket selling imported food products in the C Block Market, Vasant Vihar, New Delhi. In the last 5 decades, Modern Bazaar has created itself a name as the One Stop place for all essential and exclusive grocery and food products in Delhi, NCR and Chandigarh. From a single outlet to having spread into 21 sprawling outlets in Delhi, Gurgaon, Noida & Chandigarh, Mr Kunaal Kumar, current Director has taken Modern Bazaar to new heights.
Source: Moder Bazaar
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D. P. Singh
‪@newdelhibharat‬
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