Kjo looking for investors to sell stake in Dharma?

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Last Updated 11.08.2024 | 8:36 PM IST

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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.

https://www.bollywoodhungama.com/news/bollywood/karan-johars-dharma-productions-looking-investors-major-corporations-eye-bollywoods-crown-jewel-including-music-company/

Originally posted by: gilmores

Bollywood Hungama

Bollywood Entertainment at its best

Last Updated 11.08.2024 | 8:36 PM IST

SEARCH

BOLLYWOOD NEWS

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.

https://www.bollywoodhungama.com/news/bollywood/karan-johars-dharma-productions-looking-investors-major-corporations-eye-bollywoods-crown-jewel-including-music-company/

Dharma only made 10 crores in profit last year despite have over 1000 crore in revenue?!! How is that possible? Their profit is only 1% of their revenue?!!!

And why bother running a company at all when you can make that money easily in the stock market? What am I missing?

He has made a smart move by including Alia, Varun, SRK's kids in his will (as per his own interview), sabko viraasat me karz milega 2000-3000 crore ka.

Originally posted by: hotchoco

Dharma only made 10 crores in profit last year despite have over 1000 crore in revenue?!! How is that possible? Their profit is only 1% of their revenue?!!!

And why bother running a company at all when you can make that money easily in the stock market? What am I missing?

I'm not even sure how their revenue is 1000Cr. What did they even have last year that allowed them to get there?

And if they really had a revenue of 1000Cr and profit is only 10Crs, then... well then I really don't know what to say.

Originally posted by: gilmores

I'm not even sure how their revenue is 1000Cr. What did they even have last year that allowed them to get there?

Most of the revenue must be coming from streaming like Koffee with Karan and Bollywood Wives. The deals for stuff like Call me Bae might have been done earlier too. They also have a division for ads. All flop movies also get streaming deals.

But 1000 crores still sounds very high. I dunno.

Hindenburg can buy full company and blame adani

Oh boy..this year alone dharma gave 4 back to back underperformers..

This is giving “ We’ve lost money due to trying to shove Janhvi, Ananya and Sara down peoples throats, please invest in us so we don’t go backrupt” vibes

Dharma has delivered like 12-13 flops and underperfomers post pandemic, ye Kalank se jo downfall shuru hua hai khatam hi nhi ho rha , so won't be surprised if this turns out to be true not a single big star is working with them, even their upcoming films look meh

Dharma ka Karma

Brahmastra must have hit Dharma hard. Huge investment wich entailed huge losses.