Business tycoon Adar Poonawalla has acquired a 50% stake in Karan Johar’s Dharma Productions and Dharmatic Entertainment. The production house announced in a statement that the deal was finalised at Rs. 1,000 crore.
Adar Poonawalla is now a stakeholder in KJo’s Dharma Productions
Filmmaker Karan Johar has sold 50% stakes of his production house Dharma Productions to Adar Poonawalla’s Serene Productions at Rs. 1,000 crore, However, KJO will continue to lead the company’s creative vision as the Executive Chairman. As the Chief Executive Officer, Apoorva Mehta will collaborate with Karan to guide the strategic direction and ensure operational excellence.
In a statement, Poonawalla said that he was excited to partner with one of the most iconic production houses with his friend Karan Johar.
Who is Adar Poonawalla?
Adar Poonawalla is the son of business tycoon Cyrus Poonawalla and the CEO of Serum Institute of India, a pharmaceutical company that made the Covisheild vaccine during Covid-19. He has moved his business beyond pharmaceuticals by investing in Dharma Productions.
Meanwhile, let’s take a look at his other business ventures.
Businesses of Adar Poonawalla
The Cyrus Poonawalla Group owns several other lucrative companies. Scroll through to read all about them.
1. Poonawalla Finance
Previously known as Adar Poonawalla Finvest Private Limited, it is a financial services company that helps consumers and small business owners across 23 cities in India to secure loans. The company is headquartered in Pune, which is also where the Poonawalla family resides.
2. Bilthoven Biologicals
Bilthoven Biologicals is a bio-engineering and pharmaceutical company that serves as an important manufacturing base for SII’s European markets. The company was acquired by the Netherlands Government in 2012.
3. Poonawalla Aviation Pvt. Ltd.
The Poonawallas don’t just own a fleet of private charter planes for leisure but also own and run their chartered flight services. Established in 2005, in Pune, Poonawalla Aviation Pvt. Ltd. (PAPL) is a non-scheduled operator that provides bespoke chartered flight services.
4. Villoo Poonawalla Greenfield Farm
The Poonawalla family also manages the Villoo Poonawalla Greenfield Farm. It was established as the Poona Stud Farm in 1946 by the late Soli A. Poonawalla. Do you know the rears and breeds of prize-winning horses that have won 13 Champion Breeders awards?
5. Poonawalla Clean Energy
This is Poonawalla family’s pursuit to protect the environment. Poonawalla Clean Energy focuses on lending support and funding to companies producing renewable resources of energy.
6. Poonawalla Hospitality & Real Estate
Lastly, the group has a firm presence in Pune’s real estate sector with Poonawalla Hospitality & Real Estate. According to its website, the company enjoys a successful partnership with Panchshil Realty.
This is not the first time that Poonawalla has invested in his pharmaceutical company. He is into the hospitality sector, sports, and aviation and is now a part of the film industry too.
Social and lead images credits: Instagram/adarpoonawalla
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