Ronnie Screwvala, a highly successful entrepreneur and film producer with a staggering net worth of Rs 12,800 crores, has joined the Sharks panel for Season 3 of Shark Tank India.
This latest season will feature six new Sharks including Ritesh Agarwal, Radhika Gupta, Varun Dua, Deepinder Goyal, Azhar Iqbal and Ronnie Screwvala. They joined the existing committee, which included Vinita Singh, Namita Thapar, Anupam Mittal, Peyush Bansal, Amit Jain and Aman Gupta.
This article explores Ronnie Screwvala's remarkable business journey and highlights his significant contributions to the entertainment industry.
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Named one of Time magazine's “100 Most Influential People in the World'' in 2009, Screwvala has gone from founding a toothbrush manufacturing company in the 1980s to leading successful ventures in education and film production. As a result, he built an empire valued at around Rs 12,800 billion.
Read on as we delve into Ronnie Screwvala's rise in both business and entertainment.
Ronnie Screwvala's educational background
Born in Mumbai, Screwvala completed his education at Cathedral and John Connon Schools before attending Sydenham University. His early passion for theater led him to take an active part in Bombay's theater scene, taking on notable roles in professional plays such as Shakespeare's Othello and Death of a Salesman.
Entrepreneurship Journey Kickoff:
In the early '80s, Ronnie Screwvala began his entrepreneurial journey with a toothbrush manufacturing venture, Lazer Brushes. Then in 1981 he founded the cable television company Network, Cuff He Parade Manufacturer He installed video equipment in towers and other high-rise basements.
Entertainment industry wins:
After making great strides, Screwvala founded a television production company, UTV, in 1990 with an initial investment of Rs 37,500 crore. He turned his UTV into a media conglomerate that includes a film production studio, UTV Motion Pictures.
Some of the notable films produced under his banner include 'Sways', 'Ran De Basanti', 'Haider' and 'Barfi'. In 2012, Walt Disney acquired UTV for $454 million (approximately Rs. 3,769 million).
After the sale, Ronnie Screwvala started another film production brand, RSVP Movies, which produced notable films such as 'The Sky Is Pink', 'Sonchiriya', 'Raat Akeli Hai' and 'Karwaan'. did.He is also a key member of his Shark Tank India
Diverse entrepreneurial ventures:
In 2015, Screwvala co-founded edtech company UpGrad. In 2022, UpGrad acquired Harappa Education for Rs 300 crore, valuing it at $2.25 billion (approximately Rs 18,685 million). Apart from UpGrad, Screwvala runs his Unilazer Ventures, a private equity firm that invests in various startups. In 2014, he collaborated with his Supratik Sen to launch his USports, which focuses on Kabaddi, Esports.
Contribution to charity:
Philanthropist Ronnie Screwvala and his wife Zarina Mehta run the Sways Foundation, a non-profit organization dedicated to providing livelihood opportunities and lifting people out of poverty. Inspired by the 2004 Screwvala film Swades, the foundation addresses issues such as clean water, sanitation, and education for those in need.
