Prithvi Theatre is a theatre located in the upscale neighbourhood of Juhu, Mumbai. Prithviraj Kapoor the spearhead of one of the most influential actor and director families in Bollywood, the Kapoor family, founded the travelling theatre company 'Prithvi Theatres' in 1944 and the company ran for sixteen years. The theatre was built by Shashi Kapoor and his wife Jennifer in memory of Prithviraj, Shashi's father, who had dreamt of having a "home" for his repertory theatre company. It was designed by architect Ved Segan and opened in 1978. The building and running of the theatre was supervised by Jennifer until her death in 1984. Shashi Kapoor was the theatre's Managing Trustee and the daily affairs were looked after by trustee Kunal Kapoor with a small but efficient team.

Prithviraj Kapoor was an Indian actor who is also considered to be one of the founding figures of Hindi cinema. He was associated with IPTA as one of its founding members and established the Prithvi Theatres in 1944 as a travelling theatre company based in Bombay.