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Eros International Media Ltd. Company History and Annual Growth Details

Mr. Arjan Lulla started the business in 1977. A partnership firm under the name Jupiter Enterprises was formed on April 1, 1981. The original members of Jupiter Enterprises were Mr. Arjan Lulla, Mr. Kishore Lulla and Ms. Bhagibhai Lulla. Our Company was incorporated on August 19, 1994 under the Companies Act as a private limited company, with the name Rishima International Private Limited. By an agreement dated March 30, 1999, by and among Mr. Sunil Lulla, Mr. Arjan Lulla and our Company, our Company acquired the entire business, including the assets and liabilities of Jupiter Enterprises, with effect from April 1, 1999.

Our Company entered into an agreement with Mr. Arjan Lulla and Mr. Sunil Lulla, the partners of Jupiter Enterprises, dated March 30, 1999, for assignment and transfer of the business of the partnership firm together with all the assets and liabilities of the partnership firm and the benefit of all contracts, assignments and licences and all obligations of the partnership firm on the basis of the balance sheet of the firm as on March 31, 1999. The agreement was effective from April 1, 1999. For more information on the number of Equity Shares acquired by each of Mr. Arjan Lulla and Mr. Sunil Lulla, There was no independent
valuation of Jupiter Enterprises prior to its acquisition by our Company. However, on the basis of the books of accounts of Jupiter Enterprises as on March 31, 1999, the net worth of the firm was Rs. 526.00 lakhs.

The name of our Company changed to Eros Multimedia Private Limited on July 25, 2000. Our name was changed to Eros International Media Private Limited on November 20, 2008. Our Company was converted to a public limited company by a shareholders resolution dated September 16, 2009, following which our name changed to Eros International Media Limited, on November 18, 2009.

Major events

Year Event

1994 Incorporation of our Company and our Subsidiary Eros International Films

1999 Acquired business and assets of Jupiter Enterprises
Commenced selling home entertainment, for instance VCDs and DVDs

2005 Release of our first co-produced film, Waqt

2006 First India theatrical release and music distribution of the film Omkara
Launch of the Eros Music label

2007 Set up VFX operations under our Subsidiary EyeQube
Entered into a shareholders agreement for acquisition of 64.0% in Big Screen Entertainment

2008 Entry into Tamil film industry pursuant to the assignment of the Ayngaran SHA to Copsale, by Eros plc
Incorporation of our Subsidiary Eros Music Publishing for signing lyricists and composers
Joint Venture Agreement with Universal Music India for talent management
India theatrical distribution expansion through offices in Mumbai and Delhi
First release on Blu-Ray high-definition disc format, Heyy Babyy, followed by Om Shanti Om

2009 India theatrical distribution expansion through offices in Punjab and exclusive arrangement for WestBengal
Execution of Settlement Agreements with various film exhibitors
Conversion to a public limited company

2010 Execution of Relationship Agreement
 
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