Dr. Shrikant Bhasi promoted Carnival Group today announced
the appointment of Pramod Arora as Director of Carnival Cinemas. Pramod brings
with him rich and diverse experience in the cinemas, exhibition and FMCG fund
business.
Pramod joins Carnival Cinemas from Everstone Capital
Advisors Pvt Ltd. As a Director of Everstone, he helped steer consumer facing
businesses of the company. He spent 18 years at PVR Cinemas as their Group
President to make it India’s largest and most premium cinema multiplex company.
He has also served as the Chief Operating Officer at Oberoi Realty and was
instrumental in the growth strategy of the company in various real estate asset
classes.
Chairman of Carnival Group, Dr. Shrikant Bhasi said, “I am
extremely confident in Pramod’s capabilities and am positive that he will add
immense value to our cinema business. He will play a pivotal role in ensuring
that we accomplish Carnival's vision of 1000 screens by 2017.”
Commenting on his appointment as a Director of Carnival
Cinemas, Pramod Arora said, “I am excited to be a part of the Carnival family
and witness yet another revolution in the making from Shrikant! I look forward to the challenge of executing
Carnival’s vision of a 1000 screens by 2017. My mandate is to fast track growth
of Carnival Cinemas and make Carnival Cinemas one of the most preferred brands
in India and I am confident that we will execute our plans well.”
Pramod further added, “In the past, I have held executive
positions where I helped develop cinemas for classes. Carnival Cinemas is the
only enterprise forging ahead and creating cinemas for the masses. As an
independent Director, I also look forward to learn, guide and mentor the team
and together with our CEO PV Sunil, we will strive to make Shrikant’s audacious
dream of 1000 screens a reality.”
Pramod is very well known in the Media & Entertainment
industry for his contribution in developing the cinema multiplex business in
India. Adept in all facets of retail, real estate asset class and cinema
multiplex development, his flair for spotting business opportunities ahead of
time, mergers, acquisitions, structured deal constructs and brand
building, makes him a force to reckon
with.
During his tenure and leadership at PVR, he steered the Delhi
based company with a single multiplex 4 screen company to a powerhouse of 500
screens by means of organic growth and acquisitions.
Carnival Cinemas is one of the largest multiplex chains in
India. Carnival Cinemas acquired Anil Ambani’s Big Cinemas in December 2014.
The Group also acquired Glitz Cinemas, which was a part of Capital 18; a
subsidiary of Mukesh Ambani’s Network 18 Media in 2015 and also acquired HDIL’s
multiplex chain Broadway Cinema.
Carnival Cinemas has presence in 20 states and is currently
present in Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Haryana, Jharkhand,
Karnataka, Kerala, Tamil Nadu, Maharashtra, Madhya Pradesh, Punjab, Rajasthan,
Uttar Pradesh, West Bengal, Telengana, Uttarakhand and Chandigarh.
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