This cinema was founded by the same Basu family that now owns Basusree Cinemas. The Basu family had a long connection with movies. Shashibhushan Basu, had come to Kolkata from Dhaka sometime around 1903-04. He was the dewan of the Tripura Raj estate and had worked at Rani Rashmoni's estate when he shifted to Kolkata. Subsequently, he started a jewellery business. Shashibhushan had six sons. Satyabhushan was in charge of a factory manufacturing Clive fans in Kolkata. Another son, Phanibhushan, was interested in movies. Satyabhushan and Phanibhushan had also set up a production company and named it Chandabani Private Limited. They had taken a land on lease on Cornwallis Street and established a cinema named Bina. Chandabani Private Limited had launched Bina on October 10,1845 with the screening of Ghar. Sashibhushan Basu's son, Kantibhushan, had established a cinema in Howrah named Kalpana. Yet another son, Bangabhushan, had made a cinema in Shantipur named Sushri.