Dr. Shrikant Bhasi
|Occupation||Chairman, Carnival Group|
|Years active||1998 - present|
Dr.Shrikant Bhasi (born November 23, 1968.), is an Indian entrepreneur. He is the founder and chairman of the Carnival Group, a diversified corporate group with interests in movie exhibition, distribution, production, media, entertainment, hospitality and real estate.
Early life & career
Dr. Shrikant Bhasi was born to CP Ally and CM Bhasi in the small town of Angamaly in Kerala on 23 November 1968. He was a commerce student and graduated in 1987 from Barkatullah University, Bhopal. In 1988 Bhasi joined Britannia, where he worked in its agri- division. He quit the company in 1992 and leased out a soybean crushing unit called Action Management Group, however changing government policies meant that the industry did not remain profitable.
Carnival Group is a diversified corporate group based in Mumbai with branches at New Delhi, Cochin, Trivandrum, Bhopal, Dubai, UAE, Singapore. Its business verticals includes Multiplex, Movie Production & Distributions, food courts, media, reality, trading, IT infrastructure, Auto. Being active in the most challenging and dynamic work environment of media and entertainment, it has been creating benchmarks in innovation, creativity and excellence in service delivery.
With young professionals from varied background such as Banking, Finance, trading, Media, Engineering & Business Management, IT, top business school Carnival Group is driven by passion.
Dr. Shrikant Bhasi began working in the entertainment industry after he launched a project to test the market of film trade financing in India during which he realized that there was a dearth of screens in India. This led to the opening of Carnival Cinemas’ first theatre in Angamaly which was built on the top floor of a bus terminal complex. The venture was a success, prompting the company to expand to Kerala and Tamil Nadu, and eventually to the rest of India.
In 2014 Carnival Cinemas acquired HDIL's Broadway Cinema chain, which had screens across Mumbai, Delhi and Indore. They also acquired Anil Ambani’s Big Cinemas, which made them one of the top three exhibition companies in India. The following year the company purchased the commercial real estate projects Larsen and Toubro Ltd for Rs.1,785 crore. Bhasi and Carnival’s next major step was the acquisition of Anil Ambani owned Big Cinemas with 250 screens across the country for around Rs 700 crore. During this time Bhasi also took over Mukesh Ambani’s Network 18 Media and Investments Ltd owned Glitz Cinemas. He then went on to add many other verticals to the Carnival Group, which includes hospitality, media, real estate, IT park, event management & food courts along with multiplexes.
Dr. Shrikant Bhasi has stated that he follows both organic and inorganic growth plans and the company has laid out a large scale growth plan in Madhya Pradesh. The company has named the project "Project Jalsa" and they have expressed the belief that this will contribute to the overall development of the state while also providing other benefits to the government and community. If successful, Bhasi will expand the project to another 50 towns in the state and to other states like Bihar, Jharkhand, and Orissa. Carnival also supports others who are interested to invest and create such zones with their optimum cost construction techniques and operational expertise for a speedy return on investment.
Carnival Movies International
A content distribution and foreign language movie prodcution vertical of Carnival Group headquartered in Singapore majorly distributing movie titles to various exhibitors and digital platforms in overseas. Dr.Shrikant Bhasi believes in giving a complete and holistic feel to its patrons & stakeholders, growing its movie distribution footprint beyond borders, a judicious blend of Bollywood, Hollywood, Europe, Korea and global regional content. The company brands and position movies across globe. http://www.carnivalmovies-int.com.sg
Carnival Realty Pvt Ltd
Carnival Realty is into acquiring and/or constructing of commercial properties like Malls and Multiplexes. It has established its footprint in different regions by acquiring promising estates
Travancore Foods India Pvt Ltd
Travancore Foods India Pvt.Ltd (TFIPL) is the food and beverages division of the Carnival Group and was founded along with the parent company in 2011. The business has set up two cafes in Mumbai and houses several brands such as Carnival Court, a chain of food courts, and the coffee shop chain Red Bubble Café.
Carnival group shut down its both the cafes D'Bell and Cafe Sabrosa in 2017.
Carnival Media was founded in 2011 and is a Mumbai-based company and a part of the diversified corporate group. It focuses on creating, producing, and developing media properties in live events and also manages shows and concerts in India and abroad. The company works in multiple areas that include television shows, Bollywood movies and music, corporate seminars and training, education workshops, and various promotional and entertainment events in India and overseas.
- Conferred NIB Award for Business Icon of the Year by Ernakulam Press Club and Public Relations Council of India at Kochi on February 21, 2015
- Made it to the list of The Economic Times 50 Inspiring Entrepreneurs of India at The Economic Times India Entrepreneurship Summit at Delhi on February 26, 2015
- Conferred Businessman of the Year award at Kerala State Business Excellence Awards by Cochin Herald at Sharjah on June 4, 2015
- Selected as the Entrepreneur of the year 2014 at Dhanam Business Awards by Dhanam Magazine at Kochi on June 20, 2015
- Won Outstanding Achievement Award at CMO Asia Multiplex Excellence Awards in Singapore on August 11, 2015
- Awarded the European Professional Doctorate in coordination with Aldersgate University – Ireland at the world class Palm Atlantis Hotel in Dubai on October 10, 2015.
- Awarded the Film Business News-maker of the Year at Indywood Film Business Awards at Le Meridian Kochi on November 15, 2015
- Raghavendra, Nandini; Barman, Arijit. "From agri-trading to a multiplex challenger: The Carnival has just begun for Shrikant Bhasi". Times of India/Economic Times. Retrieved 2016-01-21.
- Sanjai, P.R. "The remarkable journey of Carnival's Shrikant Bhasi". Live Mint. Retrieved 2016-01-21.
- "Carnival buys Leela Infopark in Thiruvananthapuram for Rs 142 crore". Times of India/Economic Times. Retrieved 2016-01-21.
- "Meteoric Rise of a Middle Class Youth". The New Indian Express. Retrieved 2016-01-21.
- "Shrikant Bhasi: We aim to launch 300 screens across India by 2015". The Times of India. Retrieved 2016-01-21.
- Raghavendra, Nandini; Barman, Arijit. "Blockbuster deal in multiplex space: Carnival acquires Anil Ambani's Big Cinemas for Rs 710 crore". Times of India/Economic Times. Retrieved 2016-01-21.
- "Carnival Group buys L&T’s commercial real estate project in Chandigarh - Livemint". livemint.com. Retrieved 11 October 2015.
- Sanjai, P.R. "Carnival Films buys Stargaze from Network18". Live Mint. Retrieved 2016-01-21.
- Balakrishnan, Reghu. "Carnival Cinemas plans Rs 500-cr investment in Madhya Pradesh". Business Standard. Retrieved 2016-01-21.