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Kishore Lulla

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Kishore Lulla
Born (1961-09-04) September 4, 1961 (age 63)
Bombay, Maharashtra, India
NationalityIndian
Alma materGovernment Law College, Mumbai
Years active1980–present
Organizations

Kishore Lulla is the executive director[1] of Eros Media World (formerly Eros International Plc), the first Indian media & entertainment company to be listed on New York Stock Exchange and also the first to be delisted in 2021.The businesses have been loss making with majority being investigated for fraud or have shareholders lawsuits. Recently, the company's bond holders have taken a loss of over £50,000,000. [2] He is the executive director at Eros International Media Limited, which is listed on the Bombay Stock Exchange and was barred by the Securities and Exchange Board of India in June 2023.[3] He is also chairman of Eros Investments, a holding company for his investments.[4][5][6][7]

Early life

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Lulla graduated with a bachelor's degree in arts from Mumbai University. He also attended the School of Business and Law at the Government Law College, Mumbai.[4]

Career

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Eros International

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Lulla has held the position of director at Eros Media World Plc (formerly known as Eros International Plc) since 2005. He is also the Executive Director of Eros International Media Limited since the 28 September 2009, the company listed in BSE as well as NSE stock exchanges.[8][9] As Executive chairman of the Eros Group[5] Kishore, started working for Eros when he was 16. He teamed with his father and went to UK.[10] He has expanded and popularized Bollywood films in U.K. U.S. and the Middle East and entered newer markets like Latin America, South Korea and America under Lulla Bollywood films.[11]

Eros Investments

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Eros Investments has recently established collaborations with an artificial intelligence firm, Stability.ai.[12][13] Additionally, they have revealed plans to develop blockchain enterprises in Dubai and have announced a strategic partnership with the Dubai World Trade Centre Authority.[14][15] Kishore's daughter, Ridhima Lulla, launched a virtual universe called Immerso.[16] Eros Investments also acquired a 90% stake in DRM company, Ent Global, with plans to let creators and fans to interact directly to purchase, sell and trade various digital assets.[17]

Contributions to bollywood

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He is the founder of Bollywood For You (B4U), a music and entertainment platform. He co-founded Eros International Ltd, in London in 1988 which went into administration in 2023. He has been in the launch of the UK's first 24- hour Bollywood digital satellite and pay TV channel on the BSkyB platform.[8] In 2000, The Economist discussed Lulla's goal of globalizing Bollywood.

Other contributions

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Kishore is a member of the British Academy of Film and Television Arts. He is also a member of the Young presidents' Organization and also a board member of the University of California, Los Angeles Film School.[citation needed]

In 2010, Kishore Lulla and his family set up the Eros Foundation for the education of children and worked to bring equality for women in workplace.[18]

Awards and recognition

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Awards

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Honours and recognition

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  • As per The Sunday Times rich list released in 2011, Kishore Lulla was among the richest Indian with a net worth of 240 million pounds and with a family fortune of 206 million pounds.[23]
  • In 2015, Kishore Lulla was a part of the Sun Valley Conference.[24]
  • Lulla was honoured at the 2018 Economic Times India-UK Strategic Conclave as one of the Game Changers of India.[25]

Controversies

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Eros has struggled to shake off accounting fraud allegations for years.[26][27] In 2012, BDO, the accounting firm, identified a couple of questionable transactions involving Eros and Prime Focus, a company operated by Namit Malhotra.[27]

References

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  1. ^ "Eros Media World PLC - Board of Directors". Eros Media World. Retrieved 9 November 2024.
  2. ^ "Eros Media World Plc Receives Notice of Delisting From NYSE, Intends To Appeal The Staff Determination". www.businesswire.com. 18 August 2022. Retrieved 5 September 2023.
  3. ^ S, Sahyaja (22 August 2023). "Eros International Case: SAT Refuses To Interfere With SEBI's Interim Order". BQ Prime. Retrieved 5 September 2023.
  4. ^ a b c "Kishore Lulla – UCLA School of TFT". Tft.ucla.edu. Retrieved 10 September 2017.
  5. ^ a b indiainfoline.com. "Mr. Kishore Lulla, Group Executive Chairman, Eros International Media Ltd". Indiainfoline.com. Retrieved 10 September 2017.
  6. ^ Bhushan, Nyay (11 July 2014). "Bollywood Distributor Eros to Raise $96.5 Million Via Stock Sale". The Hollywood Reporter. Retrieved 22 July 2018.
  7. ^ "Home". EROS Investments. Retrieved 5 September 2023.
  8. ^ a b "Stocks". Bloomberg.com. Retrieved 10 September 2017.
  9. ^ "Eros International Media IPO – The Economic Times". Economictimes.indiatimes.com. Retrieved 10 September 2017.
  10. ^ "Media mogul: Kishore Lulla". Growthbusiness.co.uk. 24 September 2008. Retrieved 10 September 2017.
  11. ^ "Kishore Lulla Brings Light to Bollywood". Forbes.com. Retrieved 10 September 2017.
  12. ^ "Stability.ai and Eros Investments announce strategic partnership in the Deep Tech AI Sector By CIOTechOutlook Team. However there is no evidence that any such entity is in existence or operational". www.ciotechoutlook.com. Retrieved 5 September 2023.
  13. ^ Cai, Kenrick. "The AI Founder Taking Credit For Stable Diffusion's Success Has A History Of Exaggeration and has never been able to provide any supporting evidence to investors who have invested vast sums to this venture". Forbes. Retrieved 5 September 2023.
  14. ^ "Eros Investments partners with Dubai's digital asset regulator". Reuters. 10 May 2022. Retrieved 5 September 2023.
  15. ^ www.ETBrandEquity.com. "In Metaverse push, Eros Investments partners with Dubai World Trade Centre Authority – ET BrandEquity". ETBrandEquity.com. Retrieved 5 September 2023.
  16. ^ "Eros Investments Launches IMMERSO, a Global Web 3.0 Metaverse Project". www.businesswire.com. 26 September 2022. Retrieved 5 September 2023.
  17. ^ Laghate, Gaurav (6 September 2022). "Eros Investments acquires 90% in DRM company ENT Global". The Economic Times. ISSN 0013-0389. Retrieved 5 September 2023.
  18. ^ a b "Kishore Lulla, Executive Chairman, Eros International, honored by Asia Society Southern California – AVSTV – bollywood and Hollywood latest News, Movies, Songs, Videos & Photos". Avstv.com. 26 June 2015. Retrieved 10 September 2017.
  19. ^ "Kishore Lulla wins Asian Biz Award '07". News18.com. 9 May 2007. Retrieved 10 September 2017.
  20. ^ "Three Indian companies in Forbes Asia's 2017 'Best under a Billion' list – Forbes India". Forbes India. Retrieved 10 September 2017.
  21. ^ "Kishore Lulla wins Asian Business Award 2007". 9 May 2007.
  22. ^ "Eros Chief Kishore Lulla Receives Global Citizenship Award – India West: Global". www.indiawest.com. Archived from the original on 14 November 2014.
  23. ^ "Eros' Kishore Lulla on Bollywood's future- Business News". Businesstoday.in. Retrieved 10 September 2017.
  24. ^ Gupte, Masoom (17 July 2015). "Eros International's Kishore Lulla attends the "billionaires' summer camp"". The Economic Times. Retrieved 10 September 2017.
  25. ^ "Kishore Lulla Felicitated". 15 September 2018.
  26. ^ "Eros struggles to fend off heat from investors". Business Standard. 4 November 2015. Retrieved 5 September 2023.
  27. ^ a b Duke, Simon (5 September 2023). "Bollywood's mystery movies". ISSN 0140-0460. Retrieved 5 September 2023.
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