Overview

• Karan Johar says he is now accountable for profits after selling a 50% stake in Dharma Productions to Adar Poonawalla’s Serene Productions in a deal reported at ₹1,000 crore.
• He acknowledges that noncommercial, critically oriented films such as Homebound may be harder to approve under the new profitability requirements.
• Johar and CEO Apoorva Mehta retain the remaining 50% of the company, and Johar says creative control has not been ceded.
• He credits Mehta with imposing tighter financial discipline, describing a shift to quarterly accountability and a stricter filter on projects that lack a clear path to profit.
• The investment is funding expansion, with a distribution arm launched and plans advancing for a larger music division, while Johar emphasizes Dharma was profitable and debt‑free before the sale.