Adar Poonawalla Buys 50% Stake in Dharma Productions for ₹1000 Crore

Famous filmmaker Karan Johar’s Dharma Productions has gained a new partner, with Adar Poonawalla, CEO of Serum Institute of India, buying a 50% stake in the iconic production house. Poonawalla’s company, Serein Productions, acquired this significant share for ₹1000 crore, while the remaining 50% of the company will continue to be owned by Karan Johar. This new partnership has sparked excitement in the film industry, as earlier, companies like Saregama India Limited and Reliance were rumored to be involved with Dharma Productions.

Adar Poonawalla Expresses Excitement for the Partnership

Adar Poonawalla, known for his leadership in the pharmaceutical world, is equally excited about his venture into the film industry. He shared his enthusiasm for partnering with Dharma Productions, stating, “I am thrilled to collaborate with my friend Karan Johar on this journey with one of India’s most iconic production houses. We aim to take Dharma to even greater success and new heights in the years to come.”

Adar Poonawalla became the CEO of Serum Institute of India in 2011 and played a major role in launching the oral polio vaccine in 2014. His move into the entertainment industry marks a new chapter in his illustrious career.

Karan Johar’s Vision for the Future

Karan Johar also expressed his thoughts on this significant partnership. Reflecting on Dharma Productions’ legacy, Karan said, “From the beginning, Dharma Productions has always strived to showcase Indian culture through the stories we tell in our films. My father had a dream to create films that would leave a lasting impact on audiences, and I have dedicated my entire career to growing this vision.”

Karan further shared his excitement about working with Adar Poonawalla, calling him a close friend and an innovator with a unique vision. “We are fully prepared to take Dharma’s legacy to new heights. This partnership is the perfect blend of our emotional storytelling and forward-thinking business strategy,” Karan added.

Dharma Productions: A Legacy of Indian Cinema

Dharma Productions was founded in 1976 by Yash Johar and has since become one of India’s leading production houses. Known for producing blockbuster films, Dharma has been a major player in the Indian film industry for decades. However, in recent years, the company has faced challenges, with fluctuating financial performances.

For the fiscal year 2022-23, Dharma Productions reported revenue of ₹1044 crore, with a profit of ₹10.69 crore. While the production house remains influential, this new partnership with Adar Poonawalla aims to revitalize the company and bring fresh opportunities for growth.

What the Future Holds for Dharma Productions

With the infusion of Adar Poonawalla’s vision and resources, fans and industry insiders are eagerly awaiting the next chapter of Dharma Productions. The partnership promises not only to strengthen the production house financially but also to expand its reach and creativity.

Both Karan Johar and Adar Poonawalla are optimistic about the future of Dharma Productions, hoping to create a legacy of films that not only entertain but also inspire.

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