MUMBAI: Post UFO Moviez receiving the IIFA Innovation Award in Indian Cinema, the group company, Apollo International Limited (AIL) has been inducted into the World Economic Forum (WEF) “Community of Global Growth Companies” (GGC).
The selection to GGC involves meeting the stringent parameters set by the WEF including a threshold level of turnover of more than $100 million, consistent year on year growth of over 15 per cent, unique business model and lastly a personal interaction with the managing director of WEF. The Community of Global Growth companies work towards improving the state of the world, by shaping the global, regional and industry agenda.
AIL will be participating in the Inaugural Annual meeting of the New Champions to be held in Dalian, People’s Republic of China from 6 – 8 September, 2007. This inaugural meeting will create a powerful platform for interaction and collaboration between traditional and new performers, between East and West and enable them to network, cooperate and exchange ideas.
AIL, engaged in logistics and digitalisation cinema theatres across the world (UFO Moviez), gaming and manufacture and export of tyres, will be sharing its experience at sessions such as ‘Disruptive Business Model; ‘Corporate DNA of Global Growth Company’; ‘When Private Equity comes knocking at your door’; ‘Growth Hotspots: Focus on India’; ‘New Champions, New Challenges’ amongst others.
“We feel privileged to have been identified as a Global Growth Company by the World Economic Forum. The Forum will provide us with the platform for interaction and collaboration with other members companies and sharing of ideas of business opportunities. This will also help us in furthering our vision of nurturing entrepreneurs through partnership,” said AIL managing director Raaja Kanwar.
Within a span of less than two years, the company, UFO Moviez has seeded over 650 cinema theatres in India with complete digital cinema systems. It is additionally understood that UFO aims to be at 2000 theatres in India and at 1000 theatres worldwide by 2009.