Shringar aims to launch 21 multiplexes in next 3 years

MUMBAI: Shringar Cinemas Ltd has outlined its expansion plans at its first annual general meeting (AGM) held on 19 September post its IPO.

The company has plans to launch seven to eight new multiplexes every year.



In keeping with this, Shringar Cinemas has announced that the company have recently entered into memorandum of understandings (MoUs) to launch 14 new multiplexes in the next three years.

According to an official release, the launch of 14 new multiplexes will be in addition to the seven to eight new multiplexes, which the company will unveil by March 2006 in cities like Kolkata, Pune, Hyderabad, Allahabad, Aurangabad, Surat and Thane.



Shringar Cinemas Ltd managing director Shravan Shroff says, "It's been an exciting year for us at Shringar Cinemas. We have seen significant growth in the past one-year and are gearing up to address the changing needs of our consumers. The Fame brand of multiplexes is today recognized as a key player in the multiplex business and with the launch of the new properties in key cities across the country, we aim to take our brand to greater heights. "

The AGM was chaired by chairman Shyam Shroff, managing director Shravan Shroff, director Balakrishna Shroff and director Vishal Nevatia were also present at the meeting.

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