In a significant development, Adar Poonawalla acquired a 50% stake in Karan Johar’s Dharma Productions and Dharmatic Entertainment. Together, these companies form Dharma. Poonawalla’s firm, Serene Entertainment, finalized the deal for ₹1,000 crore. Meanwhile, Karan Johar retained the other 50% ownership and will continue to lead the company’s creative vision as Executive Chairman. Additionally, Apoorva Mehta will serve as Chief Executive Officer. He will work closely with Karan to steer the strategic direction and ensure operational excellence.
Adar Poonawalla expressed enthusiasm about this new partnership. He stated, “I am delighted to have the opportunity to partner with one of the most iconic production houses in our nation, along with my friend Karan Johar.” His excitement underscores the potential he sees in this collaboration. He added, “We hope to build and grow Dharma and scale even greater heights in the years to come.”
Partnership
Karan Johar also shared his thoughts on the partnership. He noted, “From its inception, Dharma Productions has been synonymous with heartfelt storytelling that captures the essence of Indian culture.” Karan reflected on his father’s dreams of creating impactful films. He expressed confidence in their future, stating, “Today, as we join forces with Adar, a close friend and an exceptional visionary and innovator, we are poised to elevate Dharma’s legacy to new heights.”
