 "Who is Vashu Bhagnani, the producer with a net worth of Rs 2500 crore, now reportedly under a debt of Rs 250 crore?")
Pooja Entertainment is one of the leading production houses in the industry that has made some bonafide hits in their repertoire. However, their slate over the last few years only boast of turkeys and turds. Their latest dud Bade Miyan Chote Miyan sank without a trace.
And to make matters worse, they have been called out by few crew members for non payment. That’s not all, a source told Bollywood Hungama veteran producer Vashu Bhagnani is selling his office amid the consecutive flops.
A source was quoted saying, “It all started with Bell Bottom , which was one of the first Hindi movie to be released in theatres post the COVID-19 pandemic in 2021. The film flopped badly at the box office and so did the next one, Mission Raniganj. The company faced another setback when the big-budget Ganapath failed to perform and was even rejected by Netflix despite an acquisition deal. Red flags had already begun to appear in the company’s financial sheet by this point, and the enormous investment in Bade Miyan Chote Miyan made matters worse.”
Who is Vashu Bhagnani ?
Bhagnani was born in Kolkata and began his career as a builder in the construction business. He ventured into film production with David Dhawan’s 1995 hit Coolie No. 1 and went on to produce films like Hero No. 1, Biwi No. 1, Rehna Hai Terre Dil Mein, Mujhe Kucch Kehna Hai, Om Jai Jagdish, Deewanapan, and Ghost. His reported net worth is around Rs 2500 crore.
He launched his son Jackky Bhagnani with the 2009 dud Kal Kissne Dekha and made further films like Faltu, Ajab Gazabb Love, Rangrezz, Youngistaan, and Welcome To Karachi with him.
The team of the production house has not commented yet and an official development is yet to be out.