Pramod Arora appointed Director of Carnival Cinemas

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by Shrutee K/DNS

Mumbai, 2016: Dr. Shrikant Bhasi promoted Carnival Group and 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. 

About Carnival Group-Carnival Group is a Mumbai based corporate with diversified business in Hospitality, Media, Real Estate, Entertainment & Multiplexes. Carnival has already established its brand in movie production, exhibition & distribution along with Food courts, Events, IT Park, etc. Carnival Films Pvt. Ltd., operates cinema chain under the brand ‘Carnival Cinemas’ with over 324 operational screens.

Carnival Group was in the news for the acquisition of L&T Realty’s Chandigarh based mall-Elante for INR 1785cr, one of the largest deals in the realty sector in recent times.