When he was 23, he convinced his father to revamp the cinema. Building Priya Village Roadshow (PVR) became priority. ... For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you, Deals spike as equity capital markets buck the pandemic trend, Paytm takes on Google with launch of own mini app store, Bay to Baug: Mumbai's luxury hotspots go across the sea, Google's Play policy update brings Indian startups face to face with Big Tech's power, Women in the workforce sees a rise during Covid-19 lockdown: LinkedIn study, #Exclusive JetSynthesys buys mobile gaming company Nautilus, Edtech wars: Toppr does a Cola-veri on Byju's, America sees opportunity in India-China conflict, Donald Trump greets supporters at Walter Reed even as confusion on his Covid-19 condition persists, Photo of the Day: Mirror, mirror on the wall, You're right! That’s when the Modern School-educated Bijli decided to raise money from the market.
A person with his vision, leading his team accurately with perfect steps taken on time to time. The story really goes back to 1990 when the then 23-year-old Bijli landed up with wife Selena in Orlando for their honeymoon. To visit our Archives, click here.). “This was my first multiplex experience and I came back to India all charged up. That’s when the cars and the holidays reappeared. Total screens above 558. And by the depths of your pocket. As brand ambassador of Nokia Vertu, Bijli sure does bring substance to style.
He changed the experience of watching movies in India, he put Indian viewers at par international level of movie watching. Click here to see Forbes India's comprehensive coverage on the Covid-19 situation and its impact on life, business and the economy, (This story appears in the 18 October, 2013 issue of Forbes India. Total screens above 558. Updated: 10 Jul 2020, 06:18 PM IST Lata Jha. I salute him for taking up one pillar of Indian development.
Bijli still stays in his father’s home in Rohtak Road. In 1992, the man received a major jolt when his father passed away. My message is to Ajay Bijli. Five years ago, he forayed into distribution with PVR Pictures and just six months back, stepped into the production arena to become a complete film company. After conferring with his mother, Bijli planned to straddle both, but his mind veered to 70mm and beyond.
As a kid, he was pampered—he was used to being driven in good cars and travelling first class on holidays. I wanted to do something with Priya,” reminisces Bijli.
It was his visit to a client of his, in India\'s business capital Mumbai. I salute him for taking up one pillar of Indian development. You can buy our tablet version from Magzter.com. “This is a very capital intensive business and you need Rs 2-2.5 crore to invest per screen and so in 2001, I committed myself a Rs 100 crore investment,” says Bijli. It's very big achievement. We zoom in on Bijli as the Bentley-owner walks out of his Merc and sips the very fruity 2005 vintage Antario Gavi in the Polo Lounge of Delhi’s Hyatt Regency.
Not sure how many old time friends he is still in touch with.
But, he says, “I am just very reluctant to talk about it because there is no end to luxury.” It’s not that he doesn’t live the good life; he merely isn’t in a mad pursuit of the best things that money can buy. There is a Bentley to go to work in, first-class international travel, made-to-measure clothes stitched in the UK or Singapore, secluded destinations for family vacations and a house that’s been under construction for the past 12 years. Ajay also inherited a cinema hall called Priya in New Delhi’s Vasant Vihar. It would be fair to say that Ajay Bijli had a privileged childhood.
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Competition stared Bijli in the face and every developer wanted to cash in on the multiplex boom. Ajay Bijli, 46, an entrepreneur who has made a fortune for himself building PVR Cinemas into India’s largest chain of multiplexes (with a turnover of around Rs 1,100 crore) has no such constraints. Bijli immediately got in touch with the owner, Gopal Ansal, who gave him the green signal and PVR Saket, the country’s first multiplex, was born in 1997 with four screens and 1,000 seats. Again, the government rationalized entertainment tax further, which enabled the company to grow 50-60% annually.
There is a Bentley to go to work in, first-class international travel, made-to-measure clothes stitched in the UK or Singapore, secluded destinations for family vacations and a house that’s been under construction for the past 12 years. A person with his vision, leading his team accurately with perfect steps taken on time to time. He influenced me as far as travel and cars are concerned.
Hope I see him sometime - I am positive and believe that life main kutch bhee ho sakata hai.
And by the depths of your pocket. He would always say that if you are travelling, then travel well. But his love for cinema continues to this date threading his contrasting moods with constant craving. How PVR's Ajay Bijli became the king of multiplexes Ajay Bijli who is in the 'business of happiness' has just pulled off a coup of sorts, acquiring rival Cinemax of the Kanakias for a total of Rs. Which has created a benchmark in the country, and now he is known as the Emperor of Multiplex. “I am introspective and don’t want to be complacent. At that time people used to wonder why I never bought any cars—whenever something would get spoiled, only then it would be replaced,” says Bijli. Now get reminders to drink water, stretch and walk daily, courtesy Google Assistant. “So we decided to part ways over wine at the Melbourne Cricket Ground most amicably.
It is not the driving factor for me,” he says. That’s one indulgence of mine that I must build a home here,” he says. He is not just eyeing cinema but the entire entertainment pie that comes as accompaniment to viewing a picture, the same way he cherishes bouncing the basketball with his two daughters and son in the half-court of his New Rohtak Road house in Delhi.
“My businesses are all about backward integration, from cherry-picking the right people, partners and scripts, and now I have stepped on the gas with retail entertainment few understand in this country,” says an ebullient Bijli. This is not a show for the world to see and judge.
Simple chap, maybe.
My eldest brother Ram Swaroop Passi was also a Indian Hockey player and Asian Sprinter.
Actually the need of the hour was to run the business and take care of the inheritance. So with South Delhi’s genteel society queuing up for Hollywood flicks as the USP, distributors too started turning around.
The trucking business, meanwhile, is trucking along with a little help from his cousins. The theatre business excited him, especially the potential of multiplexes in a country full of single screen theaters. But he remains the quintessential cinema buff who wanted to own the silver screen and everything around it.
It was a tough period and the idea of having a good time took a back seat. (Photo: Ramesh Pathania/Mint) PVR to diversify into F&B post covid-19 pandemic 1 min read. So he told his JV partner that he was scouting for an alternative site for a multiplex until 1996, when he got wind that Anupam Cinema in Saket was up for grabs.
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My message is to Ajay Bijli. He influenced me as far as travel and cars are concerned. “I saw Sterling Theatre in Mumbai, the only cinema hall in the country then with Dolby sound and wanted to convert Priya into a Dolby theatre too,” recalls Bijli. : Not Known; Does Ajay Bijli drink alcohol? I was now on my own and renamed the company PVR Ltd,” he recalls. It was only after 2005, when PVR Cinemas had achieved a certain scale, that he found time for himself again. He put Indian viewers at par international level of movie watching. “The fact that the choices I have made are priced higher than other things is incidental.
Bijli was left with no recourse but to fund his passion on his own when ICICI Ventures came to his rescue and picked up 40% stake in his company valued then at Rs 70 crore.
Ajay also inherited a cinema hall called Priya in New Delhi’s Vasant Vihar.
Instead of Alfredo, the projectionist who dreamt of making it big in cinema, cast Ajay Bijli, CMD of PVR Ltd., and wait for a surprise element in every reel.
There were no gadgets to hanker for, remember. For reprint rights: This is Cinema Paradiso 16 frames a second — just right for the human eye. I am very comfortable where I am now… just that it is not practical to live in Old Delhi. He is a self-confessed family man and family for him comes over everything else.
A diamond-studded watch, a private island, a business jet, a chauffer-driven super luxurious car, bespoke anything—luxury is limited only by the imagination. My number two brother Rajinder Passi used to attend the Aakhara and at one time he was honoured for good wrestling.This was told to me by my brothers.I always remember this which is associated with Bijli pehlwan clan. The company got listed on January 2006 and raised Rs 128 crore from the IPO. So I had incremental improvements in the cars that I needed,” he says. Many of Bijli’s choices can be traced back to his growing-up years and to the phase after his father, Kishan Mohan Bijli, passed away—that was when he had to find his feet in the world. In 1995, a Hollywood producer introduced Bijli to an Australian production house “Village Roadshow” which expand in India further and lead to start of PVR-Priya Village Roadshow. I met Ajai when he took over Amritsar Transport Company.
The 40-year-old is a study in contrast – he is B.Com grad from Delhi’s Hindu College with the least bean-counting demeanor.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Life changed when he got to Hindu College—he wanted a car of his own. “So dad bought me a Volvo and immediately after that I wanted a Honda; that too he gave me. As of March 14, 2020, it operated a network of 845 screens at 176 properties in 71 cities in India and Sri Lanka. Ajay Bijli, 46, an entrepreneur who has made a fortune for himself building PVR Cinemas into India’s largest chain of multiplexes (with a turnover of around Rs 1,100 crore) has no such constraints.
I need a lot of stimuli and work out for 4-5 days a week to stay fit,” says Bijli in his inimitable suave style. There were no gadgets to hanker for, remember. You can buy our tablet version from Magzter.com. Just change the star cast. The company is also involved in the in-house advertisement, sale of food and beverages, bowling, and restaurant businesses. But there is this study in contrast that crops up time and again during the conversation. You are working longer and attending more meetings, New York becomes the first big city to reopen all its schools, Airlines, facing a painfully slow recovery, begin furloughing thousands. his journey at a young age of 22 with his father’s transport business
Of course, he is now planning to shift to South Delhi, closer to his office where his entire extended family would move with him. Many of Bijli’s choices can be traced back to his growing-up years and to the phase after his father, Kishan Mohan Bijli, passed away—that was when he had to find his feet in the world. The multiplex boom has arrived and PVR established a slew of plexes countrywide from then on.
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