We are an emerging family entertainment centre focused primarily on Exhibition and Gaming zone.
We are one of the largest Exhibition theatre chains in India operating 37 properties with 126 screens and 31504 seats. We believe we are one of the dominant players in Mumbai operating with 14 Locations with 45 screens a seating capacity of 11769 in and around Mumbai, which is home to the Hindi Film industry ('Bollywood'). Out of Mumbai we have 23 properties, 81 screens and 19735 seats.
We believe that our brand 'Cinemax' is one of the most recognizable film exhibition brands in the areas where we operate. Across our various Theatres we had over 10 million patrons in FY09 and over 8.51 million patrons in FY08.
We are part of the Kanakia Group, which has a track record of over 20 years in real estate development. As a result of a recent corporate restructuring, we presently own/ control all the movie exhibition businesses of the Kanakia group. Our promoters experience in real estate helps us in identifying strategic locations at economical rates, and rapid and timely execution of projects with tight control on costs and quality.
Exhibition
Our exhibition chain is a combination of high-end multiplexes and budget retrofit single-screens. We believe in providing customer satisfaction through process enhancements and constant innovation in our services and facilities such as high comfort recliner seating arrangements in 'The Red Lounge', massage chairs, etc.
Cinemax projects to have a nationwide footprint with 150 screens and 36,582 seats in 21 cities across 41 properties by 31st March 2012. To propel this phenomenal growth, the Company will follow a strategic mix of the ownership and the leasing models. Today digitization is redefining the way movies are watched globally. And at Cinemax, we are redefining it in India. We have invested in digital technology in maximum locations spread across cities.
Gaming
VERSUS - Over the last 20 years, the KANAKIA Group has gradually become an inseparable and an essential part of living of many modern citizens. From providing premium Housing to Education, To promotion of Art, Culture & Entertainment. The KANAKIA Group has made a holistic contribution to elevate modern lifestyles in Mumbai.
VERSUS was created to allow families with children to have fun and offer a new and exciting place to spend their free time. The continuous search for a better quality of life, as well as the lack of places dedicated to free time in modern urban areas has created an increasing need for centers where children can play in complete safety alone, with friends or with their parents.
For Financial Year 2009-10
The Company recorded total income of Rs.17,607 lacs, as compared to Rs. 15,402 lacs for the previous year, a growth of 14.3%. The Profit After Tax (PAT) of the Company stood at Rs. 1,697 lacs, against Rs. 1,105 lacs in 2008-09, an increase of 53.6%.
108.10 lacs patrons visited Cinemax during the year reflecting a growth of 27% over the previous year.