Company:Eros International

From HandWiki
Short description: Indian motion picture production and distribution company

Eros International Media Ltd
FormerlyRishima International Pvt Ltd
Eros Multimedia Pvt Ltd
Eros Labs
Eros International Media Pvt Ltd
Eros Entertainment[1]
TypeSubsidiary
BSE533261
NSEEROSMEDIA
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=INE416L01017 INE416L01017]
IndustryMedia & Entertainment
Founded1977; 47 years ago (1977)
Mumbai , Maharashtra, India
Founder
  • Arjan Lulla
  • Kishore Lulla
Headquarters901-902, 9th Floor, Supreme Chambers, Veera Desai Road, Andheri (West), ,
Area served
Worldwide
Key people
Kishore Lulla (Executive director and CEO, Eros plc)
Sunil Lulla (Executive Vice Chairman & Managing Director)
Prem Parameswaran (Executive director and CFO) Pradeep Dwivedi (CEO, Eros India)
ProductsFilm Production
Film distribution
Marketing
Music
Studio
Vfx
Post production
Theatrical Distribution
Digital
Mobile content & Value Added Services
ServicesFilm production, co-production, acquisition and distribution
RevenueDecrease 1000 Crore (US$ 134.94 Million) (FY 2018)
Total equityIncrease 13.4 Crore (US$ 32 Million)
ParentEros Media World
Divisions
  • Eros Music
  • Trinity Pictures
SubsidiariesBig Screen Entertainment
Colour Yellow Productions
Copsale
Digicine
Eros Animation
Eros International Films
Eros International Distribution
Eros Music Publishing
Eyeqube Studios
Techzone 56060 See Subsidiaries
WebsiteEros International

Eros International Media Ltd (also known as Eros India) is an Indian motion picture production and distribution company, based and originated in Mumbai , India . Founded by Arjan Lulla in 1977, it is one of the leading production and distribution companies in India .[2] Currently, his sons Kishore Lulla[3] and Sunil Lulla manage the company. It is a subsidiary of Eros Media World, formed in 2020, which was formerly known as Eros International Plc and subsequently ErosSTX Global.[4][5]

Eros co-produces, acquires and distributes Indian films in multiple formats worldwide, including theatrical, television syndication and digital platforms.[6] Eros has over 12,000 films in its library which include Hindi, Tamil, Telugu and other regional language films.

In 2023, the Securities and Exchange Board(SEBI) discovered that Eros International's financial accounts were inaccurately inflated and did not accurately reflect the company's financial condition.[7] It was revealed that the company had been providing funds and potentially diverting money to entities associated with its promoters.[8] This regulatory action by SEBI came as a result of an investigation initiated following the receipt of a preliminary examination report (PER) from the National Stock Exchange (NSE) regarding Eros International's operations.[9][10]

SEBI also banned Sunil Lulla from holding the position of a director or key managerial personnel in any listed company in India due to a potential diversion of funds.[9] Since June 22, 2023, Eros International and Sunil Lulla have been banned from the Indian securities markets.[11] Eros International and Sunil Lulla appealed the decision but the Indian Securities Appellate Tribunal(SAT) rejected the appeal in August 2023.[9]

History

In 1977, Arjan Lulla started the company. In 1981, he founded the company Jupiter Enterprise with Mr. Kishore Lulla and Ms. Bhagibhai Lulla. On 19 August 1994 Rishima International Pvt Ltd was founded. It was a private limited company. Through its subsidiary "Eros International Films", the company produced and distributed films. On 1 April 1999, the company acquired the entire Jupiter Enterprise. Their first jointly produced film was Waqt (2005). On 25 July 2000, the name was changed to Eros Multimedia Private Limited. The name was again changed to Eros International Pvt Ltd on 20 November 2008. On 16 September 2009, the company was converted into a public limited company and on 18 November, the name was changed to the present name Eros International Media Ltd.[1][12] In 2010, Eros International Media Limited was listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India.[13] The name Eros was chosen after the Greek god of love.[14]

Subsidiaries

Current

  • Colour Yellow Productions (50% share)
  • Copsale
  • Digicine
  • Eros Animation
  • Eros International Films
  • Eros International Distribution (99.8% share)
  • Eros Music Publishing
  • Eyeqube Studios (99.9% share)
  • Techzone 56060

Former

  • Ayngaran International (51% share)
  • HBO Hits (India) (50% share)

Joint ventures

  • Reliance Eros Productions (joint Venture with Reliance Industries)

Partnerships

In 2008, Eros International made a deal with Universal Music Group to make a joint-venture to promote pop music to India. The agreement was announced by Kishore Lulla and Max Hole, President of Universal Music Asia Pacific Region and Executive Vice President, Universal Music Group International (UMGI) on 10 December though the joint venture was officiated with a contractual signing on 18 November. Rajat Kakar, Managing Director of Universal Music India was appointed as the chairperson and Sunil Lulla and Jyoti Deshpande, former COO of Eros International Group, are on the board of directors.[15] That same year, the company formed a joint venture with Lionsgate. The two companies would also co-produce films with budgets ranging from $10 to 20 million. Eros and Lionsgate also received access to each other's library, with Eros planning to air Lionsgate's TV shows such as Weeds and Mad Men and Lionsgate distributing some of Eros' Hindi films in North America such as Om Shanti Om, Gandhi, My Father and Eklavya: The Royal Guard.[16]

Filmography

Films produced and distributed by Eros International

Film music and soundtrack produced by Eros Music

Awards

Year of award Film Award Category Recipient
2016 Bajirao Mastani Star Screen Awards Best Actor (male) Ranveer Singh
Popular choice (female) Deepika Padukone
Best supporting actor Priyanka Chopra
Best special effects Eros International
Bajrangi Bhaijaan Best Film (Critics)
Best director Kabir Khan
Best story V. Vijayendra Prasad
Best Background Score Julius Packiam
Tanu Weds Manu Returns Best Supporting Actor Dipak Dobriyal
Bajrangi Bhaijaan Stardust Awards Best Director Kabir Khan
Best Film of the Year Eros International
Breakthrough Performance by a Child Artiste Harshaali Malhotra
Badlapur Best Story Sriram Raghavan and Arijit Biswas
Hero Best Playback Singer (Male) Armaan Malik for Main Hoon Hero Tera
Best Debut (Male) Sooraj Pancholi
Best Debut Couple Sooraj Pancholi and Athiya Shetty
Bajirao Mastani Filmfare Awards Best Director Sanjay Leela Bhansali
Best Actor (Male) Ranveer Singh
Best Film Eros International
Best Actor in Supporting Role (female) Priyanka Chopra
Best Costume Anju Modi and Maxima Basu
Best Production Design Sujeet Sawant, Sriram Iyengar and Saloni Dhatrak
Best Action Sham Kaushal
Best Playback (Female) Shreya Goshal
Best Choreography Pandit Birju Maharaj for Mohe Rang Do Laal
Bajrangi Bhaijaan Best Story Vijayendra Prasad
Hero Best Debut (Male) Sooraj Pancholi
Tanu Weds Manu Returns Best Dialogue Himanshu Sharma
Critics' Awards for Best Actor (Female) Kangana Ranaut
Bajirao Mastani Sony Guild Awards Best Director Sanjay Leela Bhansali
Best Actor Ranveer Singh
Best Cinematography Sudeep Chatterjee
Best Art Direction
Best Sound Design Eros International
Best Costume Design
Best Dialogue
Best Choreography Remo D'souza
Bajrangi Bhaijaan Best Film Eros International
Best Screenplay Kabir Khan, Parveez Sheikh, V. Vijayendra Prasad
Best Story V. Vijayendra Prasad
Best Actor in a Supporting Role Nawazuddin Siddiqui
Best Child Artist Harshali Malhotra
Badlapur Best Sound Mixing
Tanu weds Manu Returns Best actor in a Comic Role Deepak Dobriyal
Badlapur Best Actor in a Negative Role Nawazuddin Siddiqui
2015 Tanu Weds Manu Returns ETC Bollywood Business Awards 2015 Most Popular Trailer
100 Crore Club
Welcome Back
Bajirao Mastani
Bajrangi Bhaijaan 300 Crore Club
Top Grosser of the Year
Studio of the Year Eros International
Excellence In International Distribution Award
Special Awards for Film Distribution in Mumbai, Delhi-UP, East Punjab, West Bengal and Mysore (Individual trophies)

See also

  • Eros Now
  • List of film production companies in India

References

  1. 1.0 1.1 "Eros International Media Ltd.". https://www.business-standard.com/company/eros-intl-media-37832/information/company-history. 
  2. "Asia's 200 Best Under A Billion List" (in en). Forbes. 17 July 2017. https://www.forbes.com/companies/eros-international-media/. 
  3. "Kishore Lulla Brings Light to Bollywood" (in en). Forbes. May 2014. https://www.forbes.com/sites/forbesasia/2014/04/30/kishore-lulla-brings-light-to-bollywood/#66432c84658d. 
  4. "Eros International Plc Announces Corporate Name Change to Eros STX Global Corporation" (in en). 2020-09-11. https://www.businesswire.com/news/home/20200911005258/en/Eros-International-Plc-Announces-Corporate-Name-Change-to-Eros-STX-Global-Corporation. 
  5. "Eros Announces Corporate Name Change to Eros Media World PLC" (in en). 2022-05-25. https://www.businesswire.com/news/home/20220525005502/en/Eros-Announces-Corporate-Name-Change-to-Eros-Media-World-PLC. 
  6. "Company History - Eros International Media Ltd". Times Group. http://economictimes.indiatimes.com/eros-international-media-ltd/infocompanyhistory/companyid-32234.cms. 
  7. "Eros International shares plunge 20% as Sebi bars group entities, MD" (in en). https://www.indiatoday.in/business/story/eros-international-shares-fall-20-percent-sebi-bars-group-entities-md-sunil-arjan-lulla-2396767-2023-06-23. 
  8. Ohri, Nikunj; Singh, Sarita Chaganti (2023-07-24). "Indian ministry orders probe into Eros International's accounts" (in en). Reuters. https://www.reuters.com/business/media-telecom/indian-ministry-orders-probe-into-eros-internationals-accounts-sources-2023-07-24/. 
  9. 9.0 9.1 9.2 "SAT rejects appeals against Sebi's interim order in Eros fund diversion case". The Economic Times. 2023-08-22. ISSN 0013-0389. https://economictimes.indiatimes.com/markets/stocks/news/sat-rejects-appeals-against-sebis-interim-order-in-eros-fund-diversion-case/articleshow/102949412.cms?from=mdr. 
  10. Gawande, Priyanka (2023-08-22). "SAT denies Eros plea against Sebi order" (in en). https://www.livemint.com/news/india/sat-denies-eros-plea-against-sebi-order-11692727342291.html. 
  11. Bureau, BL Mumbai (2023-06-22). "SEBI bars Eros" (in en). https://www.thehindubusinessline.com/markets/sebi-bars-eros/article66998022.ece. 
  12. "Eros International Media > Company History > Media & Entertainment > Company History of Eros International Media - BSE: 533261, NSE: EROSMEDIA". https://www.moneycontrol.com/company-facts/erosinternationalmedia/history/EIM?classic=true. 
  13. "Bollywood Thrills - Eros International - NYSE". https://www.nyse.com/network/article/Eros-Bollywood-Thrills. 
  14. Willman, John (7 August 2007). "Rich rewards of a dual identity". https://www.ft.com/content/6afc9e82-44f5-11dc-82f5-0000779fd2ac. 
  15. "Universal Music and Eros International announce joint-venture to globally promote Indian pop talent." (in en-US). UMG. 10 December 2008. https://www.universalmusic.com/universal-music-and-eros-international-announce-joint-venture-to-globally-promote-indian-pop-talent/. 
  16. Datta, Sudipta (20 May 2008). "Eros ties up with Lionsgate". https://www.financialexpress.com/archive/eros-ties-up-with-lionsgate/312352/. 

External links