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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
India’s largest multiplex operator is contending with screen closures and unremarkable performance. Nothing that Ajay Bijli cannot fix, but there will be short-term pain.
The merger last year between PVR and INOX, India’s top multiplex chains, was supposed to be Ajay Bijli’s final act in a career that has pretty much defined the country’s movie-viewing experience. At 57 years old, the managing director of PVR INOX is a standout entrepreneur who has transformed his family-run, single-screen cinema hall (Priya Cinemas) into a multiplex behemoth. At a point in time, his quest for size made sense.
“Either you are an extremely small player, running one cinema, or you have a scale like 1,500 screens to make money,” says Sumant Bhargava, former managing director of Stargaze …
Brands are struggling amid plunging prices of lab-grown diamonds, poor margins, intense competition, shaky global demand and a domestic market where tradition continues to shape buying decisions.
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
The department store chain’s only growth engine is powered by distribution, not stores—raising questions about sustainability and profitability.
