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Eros International

This article is about the Indian media company. For the defunct British film company, see Eros Films. For the defunct media company merged with STX Entertainment to form ErosSTX and then separated to form Eros Media World, see Eros International plc. For other uses, see Eros Media World.

Eros International Media Ltd
FormerlyRishima International Pvt Ltd
Eros Multimedia Pvt Ltd
Eros Labs
Eros International Media Pvt Ltd
Eros Entertainment[1]
Company typeSubsidiary
BSE: 533261
NSE: EROSMEDIA
ISININE416L01017
IndustryMedia & Entertainment
Founded1977 (1977)
Mumbai, Maharashtra, India
Founder
Headquarters901-902, 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)
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
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]

  1. ^ "Eros International Media Ltd" – via Business Standard.
  2. ^ "Asia's 200 Best Under A Billion List". Forbes. 17 July 2017. Retrieved 1 July 2018.
  3. ^ "Kishore Lulla Brings Light to Bollywood". Forbes. May 2014. Retrieved 1 July 2018.
  4. ^ "Eros International Plc Announces Corporate Name Change to Eros STX Global Corporation". www.businesswire.com. 11 September 2020. Retrieved 5 September 2023.
  5. ^ "Eros Announces Corporate Name Change to Eros Media World PLC". www.businesswire.com. 25 May 2022. Retrieved 5 September 2023.
  6. ^ "Company History - Eros International Media Ltd". The Economic Times. Times Group. Retrieved 1 July 2018.
  7. ^ "Eros International shares plunge 20% as Sebi bars group entities, MD". India Today. Retrieved 5 September 2023.
  8. ^ Ohri, Nikunj; Singh, Sarita Chaganti (24 July 2023). "Indian ministry orders probe into Eros International's accounts". Reuters. Retrieved 5 September 2023.
  9. ^ a b c "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.
  10. ^ Gawande, Priyanka (22 August 2023). "SAT denies Eros plea against Sebi order". mint. Retrieved 5 September 2023.
  11. ^ Bureau, BL Mumbai (22 June 2023). "SEBI bars Eros". BusinessLine. Retrieved 5 September 2023.

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