Connplex Cinemas Limited (formerly VCS Industries Limited) is a listed Indian cinema chain focused on developing and operating multiplexes through franchise and asset-light models.
The company transitioned from a private entity to a publicly listed company in FY26, with an IPO in August 2025.
Operates across 9 Indian states with 113 screens as of March 2026, emphasizing Tier 1-3 markets and expanding into Jammu & Kashmir, Chhattisgarh, and Odisha.
Cinema development (EPC) and franchise model: Builds and operates multiplexes under express, signature, and luxuriance formats.
Exhibition and ancillary revenue: Ticket sales, F&B, advertising, private screenings, and space rentals.
Franchise partnerships: 80:20 revenue-sharing model with franchisees for ticket sales, F&B, and advertising.
Research report
companyname: Connplex Cinemas Limited (Formerly Known as VCS Industries Limited)
ticker: CONNPLEX
sector: Cinema exhibition / Media & Entertainment
Connplex Cinemas Limited is an Indian cinema exhibition company that develops and operates movie theatres under an asset-light franchise-led model. It was incorporated on September 1, 2015, and listed on the SME Emerge platform of the National Stock Exchange on August 14, 2025. The company's registered office is in Ahmedabad, and it operates under t...
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