Adar Poonawala-Dharma Productions: It is said that only a friend is useful to a friend and it is Karan Johar’s ‘Dostana’ who has now come in handy for Karan Johar. We are not talking about Karan Johar’s father Yash Johar’s film ‘Dostana’, but through this film title we are trying to tell that Karan Johar’s real life ‘Dostana’ has come as a big relief in difficult times.
Amidst continuously decreasing profits, Karan Johar was planning to sell a major part of Dharma Productions for the last few years. In such a situation, Karan Johar’s very close friend Natasha Poonawala and her husband Adar Poonawala have extended a helping hand to him.
Well-known businessman Adar Poonawala’s Sirin Productions has purchased 50 percent share of Dharma Productions. This means that now Dharma Productions and Sirin Productions will together make films with different types of content.
How much is this deal going to cost?
It is worth noting that according to the valuation done by Adar Poonawala’s company Sirin Productions of Dharma Productions, the total value of Dharma Productions at present is Rs 2000 crore. This valuation means that Sirin Productions has bought 50% stake in Dharma Productions for approximately Rs 1000 crore.
Karan Johar was looking for investors
According to the data available on the official website of the Registrar of Companies, in FY23, Dharma Productions had earned a net profit of only Rs 16 crore with a revenue of Rs 1044 crore. After the pandemic, many films of Dharma Productions started flopping one after the other. Recently, their ‘Jigra’ also did not do well.
Due to increasing cost of production and continuously decreasing profits, Karan Johar was looking for a big investor in Dharma Productions for the last few years. In such a situation, names of groups like a well-known production house of South films and recently, groups like Saregama India and Jio Studios were coming forward as investors.
In such a situation, after the agreement for investment with Other Poonawala’s production house, it is now believed that Karan Johar’s deep ‘friendship’ with Natasha Poonawala and Other Poonawala was very useful for him. Of these, Natasha has been an older and closer friend of Karan Johar and both have often been seen together in each other’s parties and on special occasions.
When did Karan Johar take charge of Dharma Productions?
It is worth noting that Karan Johar’s father Yash Johar entered the world of film making through the famous film ‘Dostana’ starring Amitabh Bachchan and Shatrughan Sinha in 1980. Two decades ago, Karan Johar took over the responsibility of Dharma Productions and then took his company to a new height.
Well, Yash Johar’s caravan which started with the film ‘Dostana’ has now reached Karan Johar’s real life ‘Dostana’ and a long partnership with Adar Poonawala and Natasha Poonawala.
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