Multiplex operator Inox Leisure will continue to add 50 to 60 screens every year and scout for inorganic growth opportunity in the segment as part of its growth journey said a top company official.
Besides, the company is also looking to complete a pipeline of around 800 screens in the next couple of years, which it has signed across the country. “We are growing at very fast pace… We are opening 50 to 60 screens every year and apart from that we already have more than 800 screens already signed with us. In the next couple of year, we would be able to open these 800 screens. We have a very robust pipeline,” Inox Leisure CEO Alok Tandon told agencies.
Inox Leisure presently operates 529 screens in 66 cities.
The company, which has so far acquired brands as Calcutta Cinema Private (CCPL) (2006), Fame India (2010) and Satyam (2014), is open for more such inorganic growth opportunities in coming future for expansion in regional markets.
“We are quite open for any opportunities (inorganic growth) which come in our way,” Tandon said, adding “We were the first in the industry to start merger and acquisition in the cinema exhibition industry here…. we have already done three acquisitions till now”.
Inox Leisure had a revenue of Rs 1,348.12 crore in FY 2017-18.
On being asked as for whether Inox has any plans to foray into foreign territories, Tandon said that Inox would concentrate on the Indian market, which is an under-screen market.
