PVR Limited (PVR) is India's largest multiplex player in India operating 854 screens across 173 properties. The Company offers a diversified cinema viewing experience through its formats and pursuant to acquisition and amalgamation of SPI Cinemas `Escape' `Sathyam' and `Palazzo'. The Company displays a variety of content to cater to various customer segments in India. Apart from box office revenues it generates revenue from non-box office sources such as food and beverage sales advertisement revenue convenience fees and income from movie production/ distribution.The company operates a film distribution and production business through their subsidiary PVR Pictures which acquires and distributes Indian and international films.PVR Ltd was incorporated on April 26 1995 as Priya Village Roadshow Ltd pursuant to a Joint Venture Agreement between Priya Exhibitors Pvt Ltd and Village Roadshow Ltd.

The Company established the first Multiplex Cinema in India PVR Anupam in Saket New Delhi in June 1997 and they computerized box office operations by selling computerized tickets.In January 2000 the Company commenced single-screen cinema PVR Priya at Vasant Vihar New Delhi. In April 2001 the Company opened a four-screen Multiplex Cinema PVR Naraina in New Delhi and in November 2002 they opened a three-screen Multiplex Cinema PVR Vikaspuri in New Delhi.

In March 2005 the company opened their Multiplex Cinema PVR EDM a three-screen cinema at East Delhi Mall Uttar Pradesh.During the year 2005-06 the company commenced operations at three new multiplex projects namely PVR Punjagutta - Hyderabad PVR Rivoli - Delhi and Spice PVR - Noida. They also commenced operations at five new multiplex properties at Mumbai Indore Lucknow and Gurgaon. PVR Pictures Ltd became 100% subsidiary of the company during the year.During the year the company made an initial public offering of 7700000 equity shares comprising a fresh issue of 5700000 equity shares by the company and an offer for sale of 2000000 equity shares by The Western India Trustee and Executor Company Ltd. In January 4 2006 the company's shares were listed on the National Stock Exchange and the Bombay Stock Exchange.