お知らせ • Feb 08
PVR Limited Announces Board Changes
The Board of Directors of PVR Limited, which has come into effect from effective ness of "the Scheme of Amalgamation between INOX Leisure Limited and PVR Limited i.e. on February 16, 2023 (Effective Date): Mr. Pavan Kumar Jain (DIN: 00030098) has been appointed as Chairman, Non-Executive Director on the Board of the Company effective February 6, 2023 for a period of five (5) years from the Effective Date including and upto 5th February, 2028. Mr. Ajay Bijli (DIN: 00531142) has been re-designated and appointed as Managing Director of the Company effective 6th February, 2023 for a period of five (5) years from the Effective Date including and upto 5th February, 2028. Mr. Sanjeev Kumar (DIN: 00208173) has been re-designated and appointed as Executive Director on the Board of the Company effective 6th February, 2023 for a period of five (5) years from the Effective Date including and upto 5th February, 2028. Mr. Siddharth Jain (DIN: 00030202) has been appointed as Non-Executive Director on the Board of the Company effective 6th February, 2023 for a period of five (5) years from the Effective Date including and upto 5th February, 2028. Further, the company announced that, Mr. Anish Kumar Saraf, Non-Executive Director has tendered his resignation effective close of business hours on 6th February, 2023. Pavan Kumar Jain, Chairman, INOX Group, is a visionary industrialist with over 47 years of prolific experience. As a Founder of one of India's leading conglomerate, INOX Group, Mr. P.K. Jain continues to spearhead the INOX Group companies, having successfully groomed them to secure a place in the top tier of their respective sectors. In his role at the helm of the Group, he has ensured accelerated growth, enhanced stakeholder value and built robust companies, driven by empowered teams. In the process, he has been the architect of numerous successful acquisitions and mergers and has scaled the Group's valuation to more than $5 billion. Mr. P. K. Jain has been a true torchbearer of Make In India, as he envisioned his Companies playing an important part in nation-building, and also ensuring responsible and sustainable business operations. INOX Air Products is India's larger industrial and medical gases manufacturer, INOXCVA is India's larger cryogenic solutions company and is among top five companies in the world. A 1972 Batch, Chemical Engineering graduate from IIT Delhi, Mr. P. K. Jain is fond of Billiards, and loves to sing in his down time. Ajay Bijli is the Founder and Promoter PVR. He is Managing Director of the Company. Mr. Bijli's passion for movies led him to set up PVR Cinemas in 1997. Clearly, Mr. Bijli transformed the way millions of Indians consume entertainment content over the past two-and-a-half decades. Mr. Ajay Bijli's entrepreneurial spirit has been best translated in his achievement in building the brand PVR. In 1995 he signed a JV with Village Roadshow, a global film production and exhibition company of Australia, and within a few years the company pioneered the multiplex format in India. Since its inception in 1997, the brand has redefined the movie watching experience in the country serving more than 100 million patrons at PAN India level. With an Owners/President Management program from Harvard Business School and a passion to venture into the unknown; Mr. Ajay Bilji saw his business diversifying into distribution with PVR Pictures, hospitality, and retail. Under the leadership of Mr. Ajay Bijli, PVR has also bagged the Fortune India's Next 500 Big and Mid-size companies' award as well. As an industry leader of Indian film exhibition, Mr. Ajay Bijli is on the Board of Trustees of the Mumbai Academy of the Moving Image (MAMI) and the founding member of FICCI Multiplex Association (India). He is also a member of The Film and TV Producers Guild (India), Young Presidents' Organization and is associated with the Central Board of Film Certification, Government of India. Sanjeev Kumar is Founder and Promoter of PVR. He is the Executive Director of PVR Limited and has been wholly involved with the company since its inception in 1997. He manages the cinema acquisition and distribution business for the brand. The company acquired Cinemax in 2012, DT Cinemas in 2016 and has recently taken over SPI Cinemas in 2018. He oversees the programming activities of the company, constant endeavor with Hollywood studios, film distribution, content selection, development & growth strategy, new business opportunities including digital & franchise opportunities, operations and marketing. His 20 years of experience in the cinema exhibition stretches the full spectrum of the company's business, propelling PVR to greater heights and redefining the movie watching experience in India, serving approx. 100 million patrons annually. Mr. Kumar holds a Bachelor's degree in Finance and Accounting from Salford University, Manchester and a Master's degree in Business Administration from Imperial College, London University. On receiving professional training in operations and development at the Village Entertainment Centre, Australia, Mr. Kumar excels in management skills and in the domain of cinema knowledge. Mr. Kumar is a member of Entrepreneurs Organization (EO), the world's only peer-to-peer network exclusively for entrepreneurs that offers educational opportunities, mentoring and networking opportunities to young business owners. Taking forward its vision, Mr. Kumar offers mentorship and seed money for grooming young entrepreneurs at the school level in the `Business Blasters' programme, the school start-up initiative of the Delhi Government. As an experiential evangelist, Mr. Kumar has been honoured with the Business World Applause Person of the Year 2020 Siddharth Jain is a Member of the Board of the INOX Group, a diversified Indian conglomerate with activities spanning manufacturing of Industrial & medical gases, Cryogenic equipment and LNG Storage & Distribution equipment, besides owning one of the larger multiplex chains in India. Mr. Siddharth Jain joined the INOX Group in 2001 and has been actively involved in the Groups' strategic planning & business development initiatives. Under his leadership, each of the 3 Group companies, INOX Air Products, INOXCVA and INOX Leisure have achieved leadership positions in their respective industries. He is an Alumnus of University of Michigan Ann Arbor, with a degree in Mechanical Engineering and has an MBA from INSEAD. He is a Member at the World Economic Forum at Davos. He is also a Member of Young Presidents' Organization & President of the Gas Industries Association of India. He is involved in various social work through his Family's foundation and is also an avid golfer.
