Bollywood: After the debacle of BMCM starring Akshay Kumar and Tiger, Vasu Bhagnani sells his office to clear huge debts

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When producer Vasu Bhagnani decided to make ‘Bade Miyan Chote Miyan’ starring Akshay Kumar and Tiger Shroff, he had high hopes from this film. Directed by Ali Abbas Zafar, this film was made on a budget of 350 crores. The film was in a lot of discussion before its release, but the film flopped badly at the box office. Bhagnani’s Pooja Entertainment production house has suffered huge financial losses due to the film’s flop.

It has come to light that due to the loss from this film, Vasu Bhagnani has sold his office in Mumbai to pay off the debt of Rs 250 crore. Due to financial losses, the production house has reduced the staff. He has fired about 80 percent of the people.

According to the report, after selling the big office, now an office has been made in a two-bedroom flat in Mumbai. However, the production house has not yet given any reaction in this regard.

Pooja Entertainment was founded in 1986. This production house has produced around 40 films so far. The company produced films like David Dhawan-directed Coolie No. 1, Hero No. 1, Wife No. 1 and Bade Miyan Chote Miyan, Rehna Hai Tere Dil Mein and Om Jai Jagdish. But due to some recent flop films, the company has drowned in debt.

The production house faced more problems after ‘Bade Miyan Chote Miyan’ flopped at the box office, earning only Rs 59.17 crore despite an investment of Rs 350 crore. Meanwhile, a few days ago, Pooja Entertainment was accused of not paying salaries to employees on time.