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Karan Johar’s Dharma Productions looking for investors? Major corporations eye Bollywood’s crown jewel including a music company
By Bollywood Hungama News Network -August 11, 2024 - 12:50 PM IST
Dharma Productions is one of the premier production houses in the country and its head honcho Karan Johar is looking at making a strategic shift in the company. As per a report by Exchange4Media, the veteran filmmaker wants to sell majority stake in Dharma Productions. In order to do so, he has reached out to some of India’s biggest corporations and enterprises for investment purposes.
#Karan JoharKaran Johar’s Dharma Productions looking for investors? Major corporations eye Bollywood's crown jewel including a music company
Karan Johar’s Dharma Productions looking for investors? Major corporations eye Bollywood’s crown jewel including a music company
Photos: Kritika Kamra, Karan Johar and others grace the premiere of Gyaarah GyaarahPhotos: Janhvi Kapoor, Rekha, Sanya Malhotra, Fatima Sana Shaikh, Saiyami Kher and others grace the special screening of UlajhPhotos: Shilpa Shetty, Sobhita Dhulipala, Karan Johar and others snapped at the airportPhotos: Katrina Kaif, Vicky Kaushal, Triptii Dimri and others grace the premiere of Bad NewzAnant Ambani and Radhika Merchant's Blessing Ceremony Part 2Anant Ambani and Radhika Merchant's Blessing Ceremony Part 1Photos: Salman Khan, Shah Rukh Khan, Sara Ali Khan and others attend the Shubh Aashirwad ceremony at Anant Ambani and Radhika MerchantAnant Ambani and Radhika Merchant's Wedding celebration
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The Exchange4Media report further said that the potential investors are said to be top business houses based out of Mumbai, Kolkata and Ahmedabad. The article, however, doesn’t name them. Further, it also hints that one of these enterprises is a music company and is a frontrunner in this race.
As per Dharma’s financial data, the profit generated by Dharma Productions, after tax deduction, in FY 2022-23 was Rs. 27.1 crores. In FY 2023-24, it was reduced to Rs. 10.70 crores. While its total revenue was Rs. 278 crores in FY22, it was Rs. 1,044 crores in FY23. Its borrowings amounted to Rs. 82 crores in FY23, though it totalled Rs. 92 crores in FY22.
Exchange4Media had contacted Dharma Productions CEO and producer Apoorva Mehta but he was unavailable for comment.
Dharma Productions have had 4 releases this year already. Their first film of 2024 was the hijack drama Yodha, starring Sidharth Malhotra. This was followed by the sports romantic drama Mr & Mrs Mahi, starring Rajkummar Rao and Janhvi Kapoor. In July they had two releases - the violent flick Kill and the comic caper Bad Newz.
Dharma's next production will be Jigra, starring Alia Bhatt and Siddhant Chaturvedi-Triptii Dimri's intense love story, Dhadak 2. While the former releases on October 11, the latter will arrive in cinemas on November 22.
Their other release this year is Devara, which is presented by Dharma Productions. It stars Jr NTR, Saif Ali Khan and Janhvi Kapoor.
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