MUMBAI: Pramod Arora, who has vast experience in the film and financial fields, has joined as Director of Carnival Cinemas, the Carnival Group has announced.
Arora joins Carnival Cinemas from Everstone Capital Advisors Pvt Ltd where as a Director he helped steer consumer facing businesses of the company. Earlier, he spent 18 years at PVR Cinemas as their Group President. 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.
Carnival Group chairman 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.”
Arora said on his appointment, “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 put the growth of Carnival Cinemas on the fast track and make Carnival Cinemas one of the most preferred brands in India and I am confident that we will execute our plans well.”
He 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.”
Arora is credited with expanding the Delhi based company PVR Cinemas with a single multiplex four-screen company to a powerhouse of 500 screens by means of organic growth and acquisitions.
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 acquired HDIL’s multiplex chain Broadway Cinema.
Carnival Cinemas has presence in 19 states including Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Tamil Nadu, Maharashtra, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, West Bengal, Telengana, Uttarakhand and Chandigarh.
