Bollywood producer who backed Govinda’s most popular hits lost ‘all his money’ after working with Anupam Kher: ‘Started from zero’

“When he came to Mumbai, we had nothing. He made it all and then he lost all his money in a film we made called Om Jai Jagadish and he started from ground zero again,” Jackky shared. Before Om Jai Jagdiah, Vashu had produced a string of hits like Coolie No 1, Hero No 1, Biwi No 1, among others.

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Jackky shared that his father made his fortune all over again, but with 2024’s Bade Miyan Chote Miyan, starring Akshay Kumar and Tiger Shroff, he suffered another massive setback. “Recently, a year and a half ago, we had a colossal flop loss film called Bade Miyan Chote Miyan and it was not the best 12 months in terms of finance and company, restructuring, stuff like that. But I have seen that too many times in my life. You can build it back again,” he said.

Bhagnani built his fortune with his construction business in Mumbai, which he also expanded to the UK. In a chat with Ronak Kotecha on YouTube, he shared that he expanded operations to the UK in 2018, and that has brought him good returns. “I don’t believe in making money by investing your own money in projects. I make buildings like I make films… I’m the only person from Bollywood who has set up a studio in London. We have two floors with 60-foot high ceilings. It’s a two-acre property, I have a VFX set-up there, I have vanity vans there,” he said.

In an earlier chat with SCREEN, Jackky shared that the company faced significant losses because of Bade Miyan Chote Miyan and said, “I would like to say that the returns are not even less than 50%. I don’t think anyone can understand what our pain was.” He added, “As a family, we have mortgaged our properties to make this film. We realise that there is no point in saying anything or speaking anything.”