Eros International Media Ltd

Formerly	Rishima International Pvt Ltd Eros Multimedia Pvt Ltd Eros Labs Eros International Media Pvt Ltd Eros Entertainment[1]
Type	Subsidiary
Traded as	BSE: 533261 NSE: EROSMEDIA
ISIN	INE416L01017
Industry	Media & Entertainment
Founded	1977 (1977) Mumbai, Maharashtra, India
Founder	Arjan Lulla Kishore Lulla
Headquarters	901-902, 9th Floor, Supreme Chambers, Veera Desai Road, Andheri (West), Mumbai , India
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)
Products	Film Production Film distribution Marketing Music Studio Vfx Post production Theatrical Distribution Digital Mobile content & Value Added Services
Services	Film production, co-production, acquisition and distribution
Revenue	₹1000 Crore (US$ 134.94 Million) (FY 2018)
Total equity	₹13.4 Crore (US$ 32 Million)
Parent	Eros Media World
Divisions	Eros Music Trinity Pictures
Subsidiaries	Big Screen Entertainment Colour Yellow Productions Copsale Digicine Eros Animation Eros International Films Eros International Distribution Eros Music Publishing Eyeqube Studios Techzone 56060 See Subsidiaries
Website	Eros 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

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

Awards

See also

• Eros Now
• List of film production companies in India

References

External links

• Official website