Serum Institute of India CEO Adar Poonawalla has taken a stake in famous filmmaker Karan Johar's Dharma Productions. Adar Poonawalla's Serene Productions has acquired a 50 percent stake in the production house for Rs 1000 crore. The remaining stake will remain with Karan Johar. Earlier, the names of music companies Saregama India Limited and Reliance were being linked with the production house. After this partnership, Adar Poonawalla has expressed his excitement.
On his partnership with Dharma Productions, Adar said, "I am very happy to partner with my friend Karan Johar, one of the iconic production houses of the country. We hope to make Dharma even more successful and take it to new heights in the coming years." Adar became the CEO of Serum Institute of India in 2011. He launched Serum Institute's oral polio vaccine in 2014.
Karan Johar also gave his reaction on this matter and said that since 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 have spent my entire career in promoting his vision. Today when we are working together with Adar, a close friend and an innovator with a very unique vision.
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 in the year 1976 by Yash Johar. 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 received as profit.
