Rakul Preet Singh's Husband in Debt of 250 Crores: Shocking Decision!

The Bhagnani family, including Jackie's father Vashu Bhagnani, is burdened with a debt of 250 crores due to their production company, Pooja Entertainment.

Pooja Entertainment's Financial Struggles

Pooja Entertainment, a major production banner in the Hindi film industry, has encountered substantial financial losses. To address these challenges, Vashu Bhagnani has sold their seven-story Pooja Entertainment office to an undisclosed builder. Speculations suggest that the building will be demolished and replaced with a luxury residential complex.

Employee Layoffs and Office Relocation

The company has laid off around 80% of its employees and relocated the office to a smaller space in Juhu. Layoffs began in January 2024, following the struggles with the Tiger Shroff starrer "Ganpath." The situation worsened after the release of "Bade Mian Chhote Mian" in April, which was a box office disaster. Made on a budget of Rs. 350 crores, the film collected only Rs. 59.17 crores, resulting in significant financial losses for the company.

Impact on Pooja Entertainment

The failure of "Bade Mian Chhote Mian" led to a loss of at least 125-150 crores. To manage the financial crisis and repay loans amounting to 250 crores, Vashu Bhagnani decided to sell the office building. This move highlights the severe impact of recent box office failures on the production company.