Warning: session_start(): open(/opt/alt/php72/var/lib/php/session/sess_1217b69fc5a1ac91b4e44478dde53492, O_RDWR) failed: Disk quota exceeded (122) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php72/var/lib/php/session) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83
EXCLUSIVE: Vashu Bhagnani sells Pooja Entertainment’s seven-floor office to pay off Rs. 250 cr. debt; lays off 80% of employees following consecutive box office failures : Bollywood News - Awaj Ludhiana Ki
Tuesday, July 8, 2025
  • Home
  • National
  • International
  • Movies
  • Technology
  • Business
  • Fitness
  • Lifestyle
  • Punjab
  • Contact us
No Result
View All Result
No Result
View All Result
Home Movies

EXCLUSIVE: Vashu Bhagnani sells Pooja Entertainment’s seven-floor office to pay off Rs. 250 cr. debt; lays off 80% of employees following consecutive box office failures : Bollywood News

by author
June 23, 2024
in Movies
0
EXCLUSIVE: Vashu Bhagnani sells Pooja Entertainment’s seven-floor office to pay off Rs. 250 cr. debt; lays off 80% of employees following consecutive box office failures : Bollywood News
0
SHARES
20
VIEWS
Share on FacebookShare on Twitter

Related posts

Aamir Khan to be honoured at IFFM 2025 with retrospective and Sitaare Zameen Par spotlight : Bollywood News

Aamir Khan to be honoured at IFFM 2025 with retrospective and Sitaare Zameen Par spotlight : Bollywood News

July 7, 2025
Murderbaad trailer out: Sharib Hashmi, Amole Gupte-starrer marks 25-year-old Arnab Chatterjee’s directorial debut, watch : Bollywood News

Murderbaad trailer out: Sharib Hashmi, Amole Gupte-starrer marks 25-year-old Arnab Chatterjee’s directorial debut, watch : Bollywood News

July 7, 2025






Nearly four decades since its inception and several highs and lows later, Vashu Bhagnani’s Pooja Entertainment is reeling from a major financial setback. The production banner, known for making blockbuster entertaining movies like Coolie No.1, Biwi No.1, and Hero No.1, among others, is downsizing its operations following consecutive box office failures, Bollywood Hungama has exclusively learnt.

EXCLUSIVE: Vashu Bhagnani sells Pooja Entertainment’s seven-floor office to pay off Rs. 250 cr. debt; lays off 80% of employees following consecutive box office failures

EXCLUSIVE: Vashu Bhagnani sells Pooja Entertainment’s seven-floor office to pay off Rs. 250 cr. debt; lays off 80% of employees following consecutive box office failures

According to trade sources familiar with the development, Vashu Bhagnani has sold his seven-floor office of Pooja Entertainment to a builder. The identity of the builder who purchased the land and the amount it sold for is not disclosed yet, but they will apparently now demolish the building to create a luxurious residential project on the plot.

Vashu has also sacked almost 80% of employees and shifted the office base to a two-bedroom flat in Juhu, the sources have revealed. The layoffs began in January 2024 after Jagan Shakti’s film starring Tiger Shroff was shelved following a two-year struggle to take it on floors. The workforce was further reduced in April, specifically after the release of Bade Miyan Chote Miyan. This development comes on the heels of the disastrous box office failure of BMCM, which barely earned Rs. 59.17 crores at the box office against the investment of Rs. 350 crores, resulting in losses of at least Rs. 125-150 crores for the production banner. Sources say Vashu has sold the building to pay off debts to multiple financiers, amounting to approximately Rs. 250 crores.

“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. Even still, the firm held out hope that the action entertainer starring Akshay Kumar and Tiger Shroff would turn around its financial situation. However, the historic failure of this Ali Abbas Zafar directorial almost crippled the company. Vashu had no choice but to sell the building to pay off the enormous debt,” a source familiar with the development told Bollywood Hungama.

Despite these challenges, sources claim that Pooja Entertainment is not folding. Vashu and his son Jackky Bhagnani are determined to reboot operations and have already started discussions with actors and directors for a fresh slate of movies. In contrast to rumours, they are going ahead with Shahid Kapoor’s Ashwatthama project that they announced just a few months back.

Pooja Entertainment was established in 1986 and has produced around 40 movies to date. The big successes include their films with David Dhawan, such as Coolie No.1, Hero No.1, Biwi No.1, and Bade Miyan Chote Miyan, and highly appreciated movies such as Rehnaa Hai Terre Dil Mein, Om Jai Jagadish, among others. The success ratio of the company, however, is outperformed by its big box office failures such as Himmatwala (2013), Humshakals (2014), Bell Bottom, Mission Raniganj, Ganapath, and the recent Bade Miyan Chote Miyan.

Also Read: Pooja Entertainment employee calls out Jackky Bhagnani and Vashu Bhagnani’s company over non-payment of dues; calls it, “unprofessional, unethical behaviour”

More Pages: Bade Miyan Chote Miyan Box Office Collection
, Bade Miyan Chote Miyan Movie Review

Tags : Akshay Kumar, Ali Abbas Zafar, Bade Miyan Chote Miyan, Bell Bottom, Biwi No. 1, Bollywood, Coolie No 1, Employee, Hero No.1, Himmatwala, Humshakals, Jackky Bhagnani, Legal, Mission Raniganj, News, non-payment, Office, Pooja Entertainment, Pooja Entertainment (India) Ltd, Social Media, Tiger Shroff, Vashu Bhagnani

BOLLYWOOD NEWS – LIVE UPDATES

Catch us for latest Bollywood News, New Bollywood Movies update, Box office collection, New Movies Release , Bollywood News Hindi, Entertainment News, Bollywood Live News Today & Upcoming Movies 2024 and stay updated with latest hindi movies only on Bollywood Hungama.



Source link

Previous Post

Pooja Entertainment employee calls out Jackky Bhagnani and Vashu Bhagnani’s company over non-payment of dues; calls it, “unprofessional, unethical behaviour” : Bollywood News

Next Post

Carmakers take the multiple powertrain ride, Auto News, ET Auto

Related Posts

Aamir Khan to be honoured at IFFM 2025 with retrospective and Sitaare Zameen Par spotlight : Bollywood News
Movies

Aamir Khan to be honoured at IFFM 2025 with retrospective and Sitaare Zameen Par spotlight : Bollywood News

July 7, 2025
Murderbaad trailer out: Sharib Hashmi, Amole Gupte-starrer marks 25-year-old Arnab Chatterjee’s directorial debut, watch : Bollywood News
Movies

Murderbaad trailer out: Sharib Hashmi, Amole Gupte-starrer marks 25-year-old Arnab Chatterjee’s directorial debut, watch : Bollywood News

July 7, 2025
Panchayat season 4 achieves record-breaking success; season 5 officially confirmed for 2026 : Bollywood News
Movies

Panchayat season 4 achieves record-breaking success; season 5 officially confirmed for 2026 : Bollywood News

July 7, 2025
Due to TREMENDOUS public demand, 2:00 am show of F1: The Movie in Eros IMAX Mumbai; 100+ shows of Jurassic World: Rebirth added on Saturday : Bollywood News
Movies

Due to TREMENDOUS public demand, 2:00 am show of F1: The Movie in Eros IMAX Mumbai; 100+ shows of Jurassic World: Rebirth added on Saturday : Bollywood News

July 7, 2025
No ban, no blacklist: Inside the real story of Bhushan Kumar and Diljit Dosanjh’s Border 2 controversy : Bollywood News
Movies

No ban, no blacklist: Inside the real story of Bhushan Kumar and Diljit Dosanjh’s Border 2 controversy : Bollywood News

July 7, 2025
Aamir Khan slams Turkey and speaks up on religion-based attacks in Aap Ki Adalat appearance : Bollywood News
Movies

Aamir Khan slams Turkey and speaks up on religion-based attacks in Aap Ki Adalat appearance : Bollywood News

June 15, 2025
Next Post
Carmakers take the multiple powertrain ride, Auto News, ET Auto

Carmakers take the multiple powertrain ride, Auto News, ET Auto

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Successful UPSC aspirants have no right to be allocated cadre of choice or home state: Supreme Court | India News

Successful UPSC aspirants have no right to be allocated cadre of choice or home state: Supreme Court | India News

4 years ago
Daily Life Hit In Punjab Due To Farmers’ 9-Hour Bandh; Rail, Bus Services Affected | India News

Daily Life Hit In Punjab Due To Farmers’ 9-Hour Bandh; Rail, Bus Services Affected | India News

6 months ago
Prophet remarks row: Over 100 arrested as violence mars UP, police say will recover damages from rioters

Prophet remarks row: Over 100 arrested as violence mars UP, police say will recover damages from rioters

3 years ago
Education sector register a 23% rise in advertisement volumes on TV during Jan-March 2021: TAM AdEx

Education sector register a 23% rise in advertisement volumes on TV during Jan-March 2021: TAM AdEx

4 years ago

BROWSE BY CATEGORIES

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

BROWSE BY TOPICS

Architecture culture Fitness indian architecture indian culture indian culture and heritage indian news lifestyle national news Technology technology news Travel travelling

About Us

Awaj Ludhiana Ki

Address

2667/3, Kishore Nagar, Tajpur & Jail Road, Ludhiana – 141008

Recent News

  • RTI Reveals Spy Suspect Jyoti Malhotra Was Kerala Govts State Guest; Custody Extended Till July 21
  • India Abstains From UN Resolution On Afghanistan, Calls For Efforts To End Exploitation Of Afghan Soil For Terrorism | India News
  • Indian Travellers With U.S. Visas Can Now Enter 17 Countries Without A Visa – Here’s The Full List | World News
  • From Slave To Superpower – How The U.S. Rose From British Colony To Global Warlord
  • UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support

Category

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

Search

No Result
View All Result

Email

contact@awajludhianaki.org

  • About
  • Advertise
  • Careers

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

No Result
View All Result
  • Home
  • Contact us
  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fashion
  • Fitness
  • Food
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel
  • Punjab

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In