Posts about Ajay Devgn
Today we’ll look into the entrepreneurial side of Ajay Devgan and how he’s going about do those businesses apart from doing acting in the movies:
AJAY DEVGN FFILMS:
The facts about inception of Ajay’s production house are twisted, most articles sight his first project to be Raju Chacha but according to BOI, their first project was Hindustan Ki Kasam(1999) which was produced by his father, Veerinder Devgan(Veeru) under the banner of “Devgan Films”. There first film turned out to be Average as per BOI. After the first movie release, Dil kya kare was released under the banner of Devgan Entertainment & Software Ltd which was a flop movie.
As of today, they produced 16 movies and according to BOI till date, it delivered 1 Blockbuster, 1 Super Hit, 3 Hits & 5 Disasters.
https://i.redd.it/dxsyx6gqf78b1.pngAjay also produces multiple TV Serials/Web-Series. The Trial being their latest offering.
Both Ajay & Kajol run the company as directors after its incorporation in 2013.
NY VFXWALA:
Starting in October 2015, Devgn established a visual effects company called VFXWAALA STUDIOS LLP. However, in couple of years, he changed it to NY VFXWAALA, which was named after his kids, Nysa and Yug. VFX team have been involved with many major films, such as PRDP, Tamasha, Bajirao Mastani, Mersal, Dilwale & Simmba. They do VFX for regional cinemas such as Tamil, Telugu, Marathi, etc. The studio has won one National award & 2 filmfare awards till date for their work. They did VFX for about 63 movies till date.
https://i.redd.it/dv6wetnrf78b1.pngAccording to a credible source, NY VFXWALA has annual revenue of $3.5 Million and has about 365 employees if compared to Red Chillies which has about 461 employees and Red Chillies Entertainment as a whole clocks annual revenue of $75 Million.
Kajol is not on the board of the company. Prasad Vasant Sutar as well as Naveen Paul(Co-Founder/MD) run the company.
NY Cinemas:
NY Cinemas was launched in 2019. Ajay’s company will be investing Rs 600 crore to open cinema theatres in smaller towns in India, over the next five years.
https://i.redd.it/gkff9hruf78b1.pngNY Cinemas planned to bring the multiplex experience to 250 screens across India in the next 5 years.
According to industry estimates, cinema exhibition firms invest between Rs 1.5 to 1.7 Cr to build one screen. The investment at times goes up to as much as Rs. 2.5-3 Cr, depending on nature of screen being built and kind of amenities being provided inside a movie hall.
As of today, NYC are operational in 19 screens including Hapur, Ghazipur, Raebareli and Surendranagar. Falling way short of its promise to deliver 250 screens until 2024.
MAKER CHAMBERS:
Ajay co-owns this company along with 4 other persons. It’s a construction-based company started in 1989.
NY FOUNDATIONS:
Charity Foundation set-up in 2019 with wife & mother for social work activities. Foundation’s initiatives include feeding the underprivileged, vaccination camps during the pandemic, paying for medical aid, studies & providing widows in Punjab a means of livelihood.
Recently, NY Foundation tied up with Shri Pradeep Lokhande of Rural Relations, an organization that does social work in about 200 villages in India.
NY D I WAALA:
Set-up in 2019, the company does the Digital Intermediate (DI), the other important post-production aspect, to become a one-stop-shop for all post-production needs.
https://i.redd.it/63r24iewf78b1.pngSiddhipriya & Durja Realty Pvt Ltd:
A private company setup with wife & mother back in 2010 to deal with real estate activities such as own and leasing of properties.
Devgan Entertainment And Software Ltd:
Its still active today since 1999 but most of the films are being released under Ajay Devgan FFilms.
Charanka Solar Project:
Ajay Devgan has invested in Charanaka solar project, Gujarat along with companies like Roha Group, Kumar Mangat etc.
According to a statement, Ajay said, "the thought behind our entry is that we believe that solar power is the future of industry. We are aiming to reach 500 mw within three-five years with a total investment of Rs 5,000 crore,"
Baba Arts Ltd:
Ajay holds about 1.52% shares(800,000) in the company which in today’s date is valued around 1 Cr.
Baba Arts Limited operates as a multimedia studio. The Company offers films, television, entertainment, TV serials, advertisement, and other related services. Baba Arts serves customers in India.
FAILED BUSINESSES:
NY Multiplexes LLP: This could be the same company which backed NY Cinemas, after its incorporation in 2017. However, Company is today defunct/bust. Both Ajay & his mother Veena are co-owners of the company.
NY Studios LLP, Vishwaraja Realty, Brightways Multiventures, Eximius Multiventures, Bigshine Multiventures, etc.
Based on Forbes India, Ajay Devgn made earnings of about 94 Cr in 2019, 74.5 in 2018 & 48.83 Cr in 2017. However, many sources claim is net worth to be in between $60-100 Millions.
That aside, he’s one of the few celebrities in the industry to own a private jet worth Rs 84 crores approximately, as per a report by the ET(2022), which he later clarified that he sold off jet because of high maintenance costs. Ajay also owns a Rs 30 crore (approx.) home – named Shivshakti – in the luxurious Juhu locality of Mumbai – which also houses other celebrities.
