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Tag: Manoj Bhatia

  • Inox acquires Vaibhav Multiplex in Jaipur

    Inox acquires Vaibhav Multiplex in Jaipur

    MUMBAI: Inox Leisure Ltd. has entered Jaipur after acquiring the Vaibhav Multiplex. Inox has also signed up two letters of intent (LoI) at Crystal Palms (expected to be operational by December 2006) and Benzer (expected to be operational by January 2008).

    Inox Leisure Ltd CEO Manoj Bhatia said, The acquisition of the Vaibhav multiplex is in line with our expansion plans and the multiplex will be on par with our other properties ensuring that movie goers in Jaipur enjoy the Inox experience.

    Inox Vaibhav is a two screen multiplex with 787 seats while Inox Crystal Palms and Inox Benzer will have three screens and 750 seats each.

    According to an official release, all Inox multiplex properties are located in premium locations and symbolize excellence in design, ambience, features, safety and service. Fitted with state-of-the-art equipment, to provide a superior cinema viewing experience comparable with the best cinemas across the world.

    It has a wide presence with eight operational multiplexes, with a total of 32 screens, across 7 cities – Mumbai, Pune, Vadodara, Goa, Jaipur, Kolkata (2 multiplexes) and Bangalore.

    Recently, the entertainment company has enterted in the area of film distribution in four territories — Bengal, Mumbai, Mysore and Rajasthan.

    The company has acquired the distribution rights for movies including Garam Masala, Ek Khiladi Ek Hasina, Rang de Basanti and Apharan, to name a few.

    To finance the expansion plans and consolidate its position in the existing markets, Inox has proposed to enter the capital market with its IPO of equity shares.

    The company has filed its draft red herring prospectus with the Securities and Exchanges Board of India (SEBI) to issue 16,500,000 equity shares of Rs 10 each, including an offer for sale by its promoter, Gujarat Flurochemicals Ltd. of 4,500,000 equity shares of Rs 10 each through book building route.
     

  • Inox builds up its management band

    Inox builds up its management band

    MUMBAI: Multiplex chain Inox Leisure Ltd is beefing up its management team. Towards this end, Inox has announced the appointment of head programming Neeraj Goswamy and VP human resources Y. Muralikrishna.

    Aroon Sharma, who was previously in charge of programming, will now look after the companys distribution foray.

    Goswamy will be responsible for programming at Inox properties across the country. He was previously associated with Shringar Cinemas Ltd. as head programming where he looked after properties in Mumbai, Nasik and Indore, informs an official release.

    At Shringar he was instrumental in introducing alternate content like plays, live acts and sporting events and for reviving premiers in Mumbai.

    He says, I look forward to the challenge of programming many more multiplexes in the Inox family.”

    Muralikrishna has over 15 years of experience in fields like hospitality, aviation and manufacturing. Prior to joining Inox he was with Hyatt Regency in Mumbai as director – human resources.

    Inox Leisure Ltd CEO Manoj Bhatia says, We welcome Neeraj and Murli to Inox. With Neerajs background in marketing and programming and Murlis expertise in setting up HR best practices they are well positioned to help us build our leadership position.

    “The expansion of Inox Leisure Ltd.s executive team is indicative of its explosive growth and rapid evolution since the first multiplex opened in Pune in 2002. Inox has since then grown to be present in six cities with seven multiplexes.”

    Led by Manoj Bhatia, an executive team comprising of Alok Tandon as COO, Shrikant Hazare  VP marketing, Daizy Lal  VP operations, Rajesh Jindal  VP finance, Anita Rodricks  corporate housekeeper, Sharma  head distribution, Neeraj Goswamy- head programming and Murlikrishna  VP human resources.