Karan Johar, the head of Dharma Productions, is reportedly in talks to sell a majority stake in his production company. According to a report by Exchange4Media, the producer-director has approached several of India’s largest corporations to explore investment opportunities.
Potential investors are said to include major business conglomerates based in Mumbai, Kolkata, and Ahmedabad. Additionally, a prominent music company is reportedly among the leading contenders.
As discussions about seeking investors continue, Dharma Productions’ financial performance has come under the spotlight. The company’s financial data shows a decline in post-tax profit, dropping from ₹27.1 crore in the financial year 2022-23 to ₹10.70 crore in FY 2023-24.
However, total revenue for FY23 saw a substantial increase, rising to ₹1,044 crore from ₹278 crore in FY22. The company’s borrowings for FY23 stood at ₹82 crore, slightly lower than the previous year’s ₹92 crore.
Despite the financial scrutiny, Dharma Productions has a packed schedule for 2024. In the first half of the year, the company released four films: Yodha, Mr & Mrs Mahi, Kill, and Bad Newz.
Two additional films, Jigra and Dhadak 2, are slated for release in October and November, respectively. Additionally, Devara, a film presented by Dharma Productions featuring Jr NTR, Saif Ali Khan, and Janhvi Kapoor, is also set to be released this year.
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