Brands
PVR becomes first exhibitor in India to achieve the 500-screen mark
NEW DELHI: PVR has become the largest cinema exhibition company in the country, reaching the mark of 500 screens across the country and become the first exhibitor to do so.
This achieves comes at a time when the number of single screen theatres is said to be dropping below 10,000 and multiplexes are just around 1000 in a country which has several lakh viewers every day.
PVR, which now reaches 45 cities pan-India, began its journey in 1997 with the opening of India’s first multiplex cinema PVR Anupam in Saket.
This led, in turn, to superlative movie experiences. From the first screening of Shahrukh Khan’s “Yes Boss” to Priyanka Chopra’s “Jai Gangaajal” this week, PVR Anupam laid the bedrock for a major business in entertainment.
PVR’s advent into the multiplex industry came at a time when the entire fate of the movie business was uncertain. Triggered by video piracy and the dilapidated condition of cinemas with poor projection & sound quality, unhygienic atmosphere, dark & dingy environment, people were becoming averse to watching movies at cinema halls.
PVR provided choice to consumers to watch any movie under a single roof by way of a clean & hygienic place, staff serving in clean uniforms and a colourful ambience, it transformed the way millions of Indians consume movies. In a way PVR is being credited of ‘Taking India to movies’, reviving the movie industry when all seemed lost.
Unaware of the multiplex format, PVR had to convince the government authorities, rewrite building bylaws that it was possible to have four cinemas under one roof without compromising on safety parameters.
Considering India as a heterogeneous market, PVR has given the Indian audience a grand spectra of cinema formats like PVR Heritage, PVR Premier, PVR IMAX, PVR Director’s Cut, PVR Gold Class, PVR Premiere, PVR Talkies and the latest addition being PVR Icon & PVR Superplex.
A company of many firsts in the Indian multiplex industry, PVR is India’s first fully digital cinema chain and the first in India to sign a 50 screen deal pan India with Dolby Atmos. PVR is the first to offer online ticketing, queue- less box office through Quick-TIx Counters, QR code ticketless entry, and ‘on the seat’ food offerings. PVR is also the first multiplex chain to install 3D enabled screens at all its multiplexes.
Primarily starting as a north centric cinema brand, PVR assumed status of a national cinema chain within 4 years of its starting operations. The acquisition of Cinemax India in 2012 propelled India into the big league. Being the largest cinema chain in India & entertaining over 70 million patrons, PVR’s dominance in the multiplex industry in India now extends to 501 screens, 111 cinemas in 45 cities across India. PVR has achieved a steady year on year growth with over 18 years of its existence redefining the way people watch movies with the launch of various formats under the gamut of cinema viewing experiences.
Speaking on the occasion of achieving this milestone, PVR chairman & managing director Ajay Bijjli said “We are very excited to achieve the historic milestone of 500 screens. PVR always pushed the envelope to provide unique cinematic experiences for its audience. We are privileged to have been supported by millions of movie goers across India who have appreciated the brand and made it bigger. We cannot thank enough our shareholders and investors who have shown immense faith in us over the years. With this achievement we continue to inspire excellence in the industry and achieve another milestone of 1000 screens by 2018.”
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
