Ajay Bijli

Post merger, he said the combined entity would have 3,000 to 4,000 screens in five years.

PVR Chairman says focus is on screen additions, big cinema launches post the COVID impact

PVR has a pipeline of 125 screens for FY23 and is looking at higher screen additions post the merger with INOX.

PVR-INOX merger deal does not meet threshold limit for CCI approval: Ajay Bijli

As per the deal, Ajay Bijli will serve as the managing director of the combined entity and INOX Group Chairman Pavan Kumar Jain will be appointed as the non-executive chairman of the board.

PVR and Cinepolis India in advanced talks to merge: Report

Cinepolis will likely have a 20 percent stake in the company and PVR's Ajay Bijli will have the management control for at least three years, the report said

Movie exhibition industry to be in trouble if cases climb and fails to get govt support: PVR chief

Last year, multiplexes in India had reopened in October for public screening after nearly seven months with certain riders as to run with half of sitting capacity.

Bypassing theatrical release of films does not make any 'economical sense' for producers: PVR CMD Ajay Bijli

"Theatrical revenues still contribute more than 50 to 70 percent of the overall pie of any content and after that only you are able to monetise content better, if you go to other platforms. I think there is too much stake to give up on these revenues and plus if you go to OTT straight away, you let go off your overseas collection and music rights," said Bijli in an investor's call.

FIR against PVR's directors, promoters for cheating, forgery

Its promoters Ajay Bijli, Sanjeev Kumar Bijli, Niharika Bijli and eight others have been booked under relevant sections of the IPC for selling stocks at inflated value of Rs 820 crore illegally and causing loss to Gurgaon-based real estate companies.

Multiplex industry has got the wrong end of the stick in GST: Ajay Bijli

According to the PVR Chairman, while smaller movies can get released on new digital platforms, the big banner productions will continue to need big screens

SEBI may ask PVR, Bijli to return gains from deal with PE firms

The Securities and Exchange Board of India (SEBI) may pass disgorgement order against PVR Cinema and its Founder and Chairman Ajay Bijli, on the profit sharing deal with private equity firms Multiples Asset Management and L Capital, sources told Moneycontrol. In other words, PVR and Bijli will have to return the profits made from the deal.

Sebi notice to PVR over alleged violation of listing norms

Market regulator Sebi has issued a show cause notice to multiplex operator PVR's Chairman and Managing Director Ajay Bijli over alleged violation of listing norms.

PVR to benefit from strong movie pipeline in H2FY17: Ajay Bijli

Owing to a strong pipeline of movies and screen additions, PVR should post healthy earnings for the remaining quarters of FY17, says Chairman and Managing Director Ajay Bijli.

PVR hopes to add Rs 200 crore revenues from DT Cinemas buy

The multiplex leader is looking to add EBITDA of Rs 40-50 crore post DT Cinemas' acquisition, say PVR promotors Ajaj and Sanjeev Bijli.

PVR Cinemas: Expanding the chain down South

Brings back the IMAX magic and its biggest Gold Class to the Silicon Valley of India

Star Wars, Spectre, Tamasha to make Q3 profitable: PVR

“Big Hollywood films like Spectre, Star Wars, Ranbir Kapoor's Tamasha, Dilwale, Bajirao Mastani and Salman Khan's movie coming on Diwali--Prem Ratan Dhan Payo—will be a temporary blip in the F&B income,” Ajay Bijli, CMD of PVR says.

Bahubali, Bajrangi to add muscle to Q2 earnings: PVR

While, Indian Premier League (IPL) and examination season might drag the fourth quarter a bit but with blockbuster releases like Bajrangi Bhaijaan, Brothers, Bahubali, revured occupancy and other Sanjay Leela Bhansali and Shahrukh Khan films make second quarter look equally promising, says Ajay Bijli, Chairman and Managing Director, PVR.

PVR surges 5.5% on DT Cinemas buy

PVR on Tuesday closed a deal acquiring DLF's DT Cinemas for Rs 500 crore, which marked yet another consolidation in the movie exhibition space in India.

Will fund DT Cinemas buyout largely through equity: PVR

PVR has decided to acquire DLF's DT Cinemas for Rs 500 crore. In an interview with CNBC-TV18, PVR CMD Ajay Bijli outlined details about the detail.

Entertainment is serious business: PVR MD Bijli

The 48-year old Harvard graduate, who is widely regarded as the pioneer of multiplexes in India, has often described the country's entertainment tax as prohibitive.

Likely to cross 500 screens by Q1 FY16: PVR

In an interview to CNBC-TV18, CMD Ajay Bijli and CFO Nitin Sood spoke about the company‘s performance in the quarter ended December and the outlook going ahead.

PVR gains 5% on likely acquisition of movie exhibition co

Investors lapped up shares of PVR on Monday on hopes the company may acquire Chennai-based movie exhibition company. The stock rallied as much as 4.7 percent to hit a record high of Rs 751.

Overall FY14 to be good; to add 20 screens in March: PVR

The company has two big movie releases in the month of February. Moreover they plan to add 20 more screens tin March to the already 60 screens opened this year said Ajay Bijli, CMD, PVR.

Promoter Ajay Bijli sells 2 lakh shares of PVR

Tree Line Asia Master Fund (Singapore) bought 2.04 lakh shares in PVR at Rs 585.25 apiece on the BSE and 2.56 lakh shares at Rs 587.25 apiece on the NSE.

Hope to clock Rs 1,000cr revenue in FY13: PVR

Multiplex chain operator PVR on Tuesday said it has completed acquisition of a controlling stake in Cinemax India for Rs 395 crore. In an interview to CNBC-TV18, Ajay Bijli, CMD of PVR talked about the operational synergies. He said that as the final acquisition has happened, we are looking at getting lots of operational efficiencies.

Focus is on entertainment, to add 69 screens this yr: PVR

Ajay Bijli, CMD of PVR said the company is not too dependent on movies; instead the focus is on location building and technology.

PVR opens door to luxury movie experience

In this MB Inspired series we have a guest how has started his career in movie business by refurbishing a family-owned cinema and then went on to spread his multiplex chain all over India. The man in focus today is Ajay Bijli, CMD, PVR Cinemas.