Karan Johar's friend's friendship came in handy in his difficult times. The person with whom he was often seen at parties has now become his partner. Know how Dharma Productions came into being
Dharma Productions has been acquired by Serum Institute of India CEO Adar Poonawala
Famous film maker Karan Johar's Dharma Productions has been acquired by Serum Institute of India CEO Adar Poonawala. Adar Poonawala's Serene Productions has acquired 50 percent stake in the production house for Rs 1000 crore. The remaining stake will remain with Karan Johar. Earlier, the names of music company Saregama India Limited and Reliance were being linked with the production house. After this partnership, Adar Poonawala has expressed his excitement.
On the partnership with Dharma Productions, Adar said that I am very happy to partner with my friend Karan Johar, one of the iconic production houses of the country. We hope that we will make Dharma even more successful and take it to different heights in the coming years. Adar became the CEO of Serum Institute of India in 2011. He launched the Serum Institute's oral polio vaccine in 2014.
Karan Johar also gave his reaction
Karan Johar also gave his reaction in this matter and said that from the beginning, Dharma Productions has shown Indian culture through the stories of its films. My father had a dream, which was to make films that leave a special impact on the audience and I spent my entire career in promoting his vision. Today when we are working together with Adar, a close friend and an innovator with a unique vision.
Dharma Productions started in 1976
Karan further said, "We are all set to take the legacy of Dharma to new heights. This partnership is a perfect blend of our emotional storytelling capabilities and forward-thinking business strategy." Dharma Productions was started by Yash Johar in the year 1976. This production house is one of the leading production houses in the country, but it has been facing a bad situation for some time now. The revenue of Dharma Productions was Rs 1,044 crore in the year 2022-23, in which Rs 10.69 crore was earned as profit.