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]
 | |
| Formerly | Rishima International Pvt Ltd Eros Multimedia Pvt Ltd Eros Labs Eros International Media Pvt Ltd Eros Entertainment[1] |
|---|---|
| Type | Subsidiary |
| BSE: 533261 NSE: EROSMEDIA | |
| ISIN | INE416L01017 |
| Industry | Media & Entertainment |
| Founded | 1977 Mumbai, Maharashtra, India |
| Founder |
|
| Headquarters | 901-902, 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) |
| 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 |
|
| Subsidiaries | Big Screen Entertainment Pvt Ltd Colour Yellow Productions Pvt Ltd Copsale Limited Digicine Pte Ltd Eros Animation Pvt Ltd Eros International Films Eros International Distribution LLP Eros Music Publishing Limited Eyeqube Studios Pvt Limited Techzone 56060 See Subsidiaries |
| Website | Eros International |
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 Pvt Ltd (50% share)
- Copsale Limited
- Digicine Pte Ltd
- Eros Animation Pvt Ltd
- Eros International Films
- Eros International Distribution LLP (99.8% share)
- Eros Music Publishing Limited
- Eyeqube Studios Pvt Limited (99.9% share)
- Techzone 56060
Former
- Ayngaran International (51% share)
- HBO Hits (India) (50% share)
Joint ventures
- Reliance Eros Productions LLP (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) |
References
- "Eros International Media Ltd" – via Business Standard.
- "Asia's 200 Best Under A Billion List". Forbes. 17 July 2017. Retrieved 1 July 2018.
- "Kishore Lulla Brings Light to Bollywood". Forbes. May 2014. Retrieved 1 July 2018.
- "Eros International Plc Announces Corporate Name Change to Eros STX Global Corporation". www.businesswire.com. 11 September 2020. Retrieved 5 September 2023.
- "Eros Announces Corporate Name Change to Eros Media World PLC". www.businesswire.com. 25 May 2022. Retrieved 5 September 2023.
- "Company History - Eros International Media Ltd". The Economic Times. Times Group. Retrieved 1 July 2018.
- "Eros International shares plunge 20% as Sebi bars group entities, MD". India Today. Retrieved 5 September 2023.
- Ohri, Nikunj; Singh, Sarita Chaganti (24 July 2023). "Indian ministry orders probe into Eros International's accounts". Reuters. Retrieved 5 September 2023.
- "SAT rejects appeals against Sebi's interim order in Eros fund diversion case". The Economic Times. 22 August 2023. ISSN 0013-0389. Retrieved 5 September 2023.
- Gawande, Priyanka (22 August 2023). "SAT denies Eros plea against Sebi order". mint. Retrieved 5 September 2023.
- Bureau, BL Mumbai (22 June 2023). "SEBI bars Eros". BusinessLine. Retrieved 5 September 2023.
- "Eros International Media > Company History > Media & Entertainment > Company History of Eros International Media - BSE: 533261, NSE: EROSMEDIA". www.moneycontrol.com.
- "Bollywood Thrills - Eros International - NYSE". www.nyse.com.
- Willman, John (7 August 2007). "Rich rewards of a dual identity". Financial Times. Archived from the original on 30 April 2020. Retrieved 30 April 2020.
- "Universal Music and Eros International announce joint-venture to globally promote Indian pop talent". UMG. 10 December 2008. Retrieved 1 July 2018.
- Datta, Sudipta (20 May 2008). "Eros ties up with Lionsgate". The Financial Express. Retrieved 22 July 2022.