Inox – Startup Story | Founder| Ceo | Funding | History | Competitors

Introduction:

INOX Leisure or INOX Movies is an Indian film theater chain in India with its headquarter positioned in Mumbai, India. As of March 2022, it has 163 multiplexes and 692 displays in seventy three towns of the country.

INOX Leisure Limited is the diversification project of the INOX Group into entertainment.

INOX About:

NOX Group is a various Indian conglomerate with sports spanning Manufacturing Industrial Gases, Fluorochemicals, PTFE, Cryogenic Equipment, LNG Storage & Distribution Equipment, Wind Turbines and Renewable Energy.

The Full shape of INOX is INOX Leisure Limited, or INOX stands for INOX Leisure Limited, or the whole call of given abbreviation is INOX Leisure Limited.

Website : https://www.inoxmovies.com/

INOX Founder & Team:

The Jain family’s tryst with commercial enterprise began out greater than ninety years ago. In the 1920s, Shri Siddhomal Jain set up Siddhomal and Sons, a a hit paper and newsprint buying and selling commercial enterprise. In the 1960s, his son Devendra Kumar Jain, a History Hons.

INOX Leisure Limited is the diversification project of the INOX Group into entertainment. Mr. Pavan Jain, Managing Director of the INOX Air Products, is a Chemical Engineer from IIT, New Delhi, and an industrialist with over forty five years of experience. As the Managing Director of INOX Air Products Pvt.

INOX History:

The agency changed into included as a public constrained agency in November 1999. It is a subsidiary of Gujarat Fluorochemicals Ltd. In 2002, the agency began out its operation via way of means of beginning its first four-display screen multiplex at Pune and every other four-display screen multiplex at Vadodara. In 2004, multiplexes have been brought in Kolkata, Goa, and Mumbai.

In 2006, the agency went public via way of means of issuing 1,sixty five,00,000 fairness stocks of ₹10 every with pricing of ₹a hundred and twenty in line with percentage including a sparkling problem of 1,20,00,000 fairness stocks of ₹10 every and a suggestion on the market of forty five,00,000 fairness stocks of ₹10 every via way of means of Gujarat Fluorochemicals.

Over the years, greater displays have been brought in towns which includes Bangalore, Jaipur, Indore, Darjeeling, Kota, Rajasthan, and Lucknow.

In 2006, INOX obtained 89 Cinemas, owned via way of means of Calcutta Cinema Private Ltd (CCPL), in a percentage switch deal, giving INOX possession of 9 multiplexes in West Bengal and Assam.

INOX obtained Satyam Cineplexes Limited via way of means of manner of acquisition of a hundred% of the fairness percentage capital from its present shareholders that’s valued at ₹182 crores.

On 27 March 2022, INOX introduced it’d be merging with PVR Cinemas, the biggest cinema chain in India.

2006:

• NOX Leisure, a agency that operates a sequence of multiplexes, has constant fee band of Rs a hundred to Rs120 in line with percentage for its impending preliminary public offer. The agency is getting into the capital marketplace with a suggestion of 1.sixty five crore fairness stocks of Rs 10 every for coins to be determined thru the book-construct process.

2007:

• Commencement of Commercial Operations of recent multiplex at Chennai.
• The Board has advocated very last dividend @ 10%, i.e. Rs 1/- in line with percentage.

2008:

• Commencement of Commercial Operations of recent multiplex at Faridabad.
• The Board has advocated dividend @ 10%, i.e. Re 1/- in line with percentage.
• Commencement of Commercial Operations of recent Multiplex Cinema Theatre at Bangalore.

2009:

• Commencement of Commercial Operation of recent Multiplex Cinema Theatre at Indore.
• Commencement of Commercial Operations of recent Multiplex Cinema Theatre at Rajarhat, Kolkata.

2010:

• INOX Leisure Ltd has knowledgeable BSE that the Commercial Operation of the Company’s new Multiplex Cinema Theatre located at third Floor, Mantri Square, No.1, Sampige Road, Malleshwaram, Bangalore.
• Inox Leisure – Commencement of Commercial Operations of recent Multiplex Cinema Theatre at Belgaum, Karnataka.
• Mr. Miket Shashikant Bahuva has been appointed as Company Secretary and Compliance Officer of the Company.
• World Class Cinema Experience Now in Kanpur Inox Opens At Z- Square Mall.
• INOX launches 4th multiplex in Bengaluru.

2011:

• INOX Leusire Ltd completes acquisition of Fame India Ltd.
• Howrah receives its 1st Multiplex at R. D. Mall, Liluah.
• Mr. Amit Jatia, has been appointed as an Independent Director of the Company.
• INOX launches second multiplex in Siliguri at City Centre, Matigara.
• INOX launches second Multiplex in Vijaywada at LEPL Icon, Patamata.

2012:

• INOX Leisure Ltd has knowledgeable BSE concerning a Press Release dated April 25, 2012 titled “India’s biggest cinema chain – INOX Leisure and Fame India pick GDC Technology and Barco for a hundred% virtual cinema conversion”.
• INOX Opens at Glomax Mall, Kharghar.
• INOX unveils its biggest multiplex in Pune at Amanora Town Centre.

2013:

• INOX opens its fifth Multiplex in Jaipur
• Inox Leisure opens first multiplex in Orissa

2014:

• NOX to collect Satyam Cineplexes
• INOX opens its third Multiplex in Vizag at Chitralayaa
• INOX Leisure opens new Multiplex at Vizag, Andhra Pradesh

2015:

• Inox Leisure INOX Brings The Multiplex Experience In Kurnool
• INOX Leisure Ltd. Commencement of Commercial Operations of Multiplex Cinema Theatre located at E-wing, Osia Commercial Arcade, SGPDA Market Complex, Margao, Goa 403601.
• Inox Leisure Inox Increases Presence in Goa
• INOX Leisure opens new multiplex cinema at Vadodara
• INOX Leis commences business operations of Multiplex in Goa
• INOX Leisure ties up with Paytm to promote film tickets
• INOX Leisure commences operations of theatre in Kota
• INOX launches its new belongings at Kerala

INOX Revenue:

Inox Leisure, which operates 667 displays throughout 158 multiplexes in 70 towns, has stated Rs 301 crore sales for the region ended thirty first December 2021. The agency’s EBITDA and internet earnings stood at Rs fifty four crore and Rs 17 crore respectively. Expenses got here in at Rs 247 crore.

In the identical region of the remaining fiscal, the agency’s sales had plunged to Rs 21 crore whilst fees stood at Rs a hundred and one crore because of Covid-19 associated effect. The agency stated working and internet lack of Rs seventy nine crore and Rs eighty three crore respectively.

For the region beneathneath review, the agency stated maximum ever Quarterly Average Ticket Price at Rs 226. At Rs 97, the agency stated maximum-ever quarterly spends in line with head. Inox cinemas throughout the u . s . attracted 9.four million visitors in Q3 FY22 signalling a strong recovery.

During the region, the agency brought 3 new houses with thirteen displays at Aurus Mall, Guwahati, Prabhatam Grand Mall, Dhanbad and Worldmark, Gurugram. In CY2021, the agency brought forty one displays which it claims is the best withinside the enterprise.

The agency has approached landlords for renegotiations of hire and Common Area Maintenance (CAM) costs in Q4 FY22 in view that its operations have were given impacted because of 1/3 Covid-19 wave. It had already concluded negotiations for hire and CAM until thirty first December 2021.

INOX Funding & Investors:

At a time while the second one wave of the Covid-19 pandemic has once more led to closure of cinema chains throughout the u . s ., India’s 2nd biggest multiplex chain INOX Leisure has raised Rs three hundred crore thru a certified establishments placement (QIP).

INOX stated that the QIP, which closed for subscription on June 11th, changed into oversubscribed via way of means of greater than 5 times.

INOX Revenue Model:

The Company changed into included as a public constrained agency as “Inox Leisure Limited’ vide a certificates of incorporation dated November 9, 1999 beneathneath the Companies Act with the Registrar of Companies, New Delhi. It has acquired the certificates of graduation of commercial enterprise on February 11, 2000.

Since the incorporation, it has modified registered workplace once. At the time of incorporation of the Company, the registered workplace changed into located at A/6 Connaught Place, New Delhi.

Subsequently, it modified the registered workplace to the cutting-edge Registered Office, that’s located at ABS Towers, Old Parda Road, Vadodara, Gujarat – 390007 and the identical changed into showed via way of means of the Company Law Board, Northern Region Bench vide its order dated March 11, 2004.

It is withinside the commercial enterprise of putting in and working a country wide chain of globalwide elegance multiplex cinema theatres. It has at gift 8 working houses located throughout the country .

Other Services Offered thru INOX:

Manufacturing Industrial Gases, Fluorochemicals, PTFE, Cryogenic Equipment, LNG Storage & Distribution Equipment, Wind Turbines and Renewable Energy.

INOX Awards & Recognition:

• 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

INOX Competitors:

INOX’s pinnacle eight competition are PVR, Carnival Cinemas, Cinepolis India, Reliance MediaWorks, SPI Cinemas, Wave Cinemas, Fun Cinemas and Tata Elxsi.

INOX Latest News:

• INOX Leisure internet loss narrows to Rs 28 crore in Q4 FY22
• INOX Leisure stated a consolidated internet lack of Rs 28.17 crore in Q4 FY22 as towards a internet lack of Rs 93.sixty nine crore in Q4 FY21.

INOX Future Plans:

• According to INOX’s Director Siddharth Jain, in 2018, the Metro INOX multiplex at Mumbai have become India’s first cinema to be powered via way of means of sun power.
• And in 2021, the agency established electric powered automobile charging station at its multiplex in Pune.
• The multiplex chain owns six cinemas houses and a head workplace. As in line with marketplace valuation, if required, it is able to boost near Rs four hundred crore via way of means of doing a ‘sale-rent back’ of those houses.

Some FAQs About INOX:

What is INOX complete shape?

The Full shape of INOX is INOX Leisure Limited, or INOX stands for INOX Leisure Limited, or the whole call of given abbreviation is INOX Leisure Limited.

Are INOX and PVR loss-making organizations?

INOX and PVR had been incurring losses in view that 2020 because of Covid-led lockdown effect and the enterprise itself being capital intensive. While the budget of each have in the end advanced this year, each keep to record losses.

Who is proprietor of INOX?

Mr. Pavan Jain, Chairman of the INOX Group, is a Chemical Engineer from IIT, New Delhi, and an industrialist with over forty five years of experience. As the Managing Director of INOX Air Products Pvt. Ltd., Mr.

Will the INOX-PVR merger bring about a loss for buyers?

INOX-PVR merger is possibly to gain the organizations as they may have an enterprise stronghold withinside the lengthy run. Therefore, buyers can also additionally make the most of this merger withinside the lengthy run.

Is INOX owned via way of means of PVR?

PVR-INOX can have Pavan Kumar Jain (Siddharth’s father) as non-government chairman and Bijli because the Managing Director. Siddharth may be a non-government, non-unbiased director. In phrases of shareholding, the INOX promoters will preserve 16.sixty six in line with cent, whilst the PVR founders’ percentage may be 10.sixty two in line with cent.

What is the commercial enterprise of INOX?

The agency is one in every of the biggest multiplex operators in India and is a subsidiary of Gujarat Flurochemicals Ltd. The agency is engaged in working & handling multiplexes and cinema theatres in India.

Conclusion:

Two of India’s multiplex chain giants, PVR and INOX Leisure, introduced their motive to merge the 2 organizations in a primary circulate so as to likely supply upward push to a cinema exhibition large withinside the us.

Each dthe organizations accepted an all-inventory merger, that’s concern to the approval in their inventory exchanges, marketplace regulator SEBI, and different key stakeholders. If accepted, INOX may be merged with PVR such that the former’s shareholders gets stocks of PVR towards stocks held in INOX.