Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 14 2019

Ajay Devgn’s NY Cinemas to invest Rs 90 crore to expand screens in FY20

These screens will get installed across markets including tier 1, 2 and 3 cities.

Ajay Devgn’s NY Cinemas to invest Rs 90 crore to expand screens in FY20

NY Cinemas LLP, the cinema exhibition company owned by actor Ajay Devgn, is looking to invest between Rs 80-90 crore to build up to 45 screens in FY20. These screens will get installed across markets including tier 1, 2 and 3 cities, with the first one being launched in Ratlam, Madhya Pradesh. 

Rajeev Sharma, CEO, NY Cinemas, said, “There has been a need for good cinema theatres across the country. While there are many options in metros, there is a dearth of good cinema theatres in tier 2 and tier 3 cities. At the same time, we also plan to open some screens in metros.” 

“While the economics will change from market to market, like other players, we will also build a revenue stream around food and beverage. To build food and beverage section, we plan to join forces with local players,” he added. 

The company is eyeing to create theme-based theatres. It is claiming that these theatres will have the old world charm borrowed from the era of single screens, coupled with new age technology and viewing experience offered by multiplex operators.

Apart from North and West India, NY Cinemas is now planning to foray into the South market, including Karnataka, Telangana and Andhra Pradesh.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Other Vocational Training
    About Us: Want to serve the world with innovative design with..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2005
    Franchising Launch Date 2007
    Investment size Rs. 5lac - 10lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Varanasi Uttar Pardesh
  • Car Wash / Ceramic Coating / Detailing
    About Us: Speed Car Wash is a concept developed by Liv..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Pizzeria
    About Us: Own the American Dream In India with U.S.Pizza! Since its..
    Locations looking for expansion Karnataka
    Establishment year 1998
    Franchising Launch Date 2002
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Others Food Service
    About Us: Diet Delite Pvt Ltd was established in 2016 by Dr.Paramesh..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities