Vijay Mallya's Brief foray into Bollywood Ends in Box Office Disappointment

Billionaire businessman Vijay Mallya, currently a fugitive in the UK, had a brief foray into the world of Bollywood in 2004 with the production of the film Rakht. Co-produced with Suniel Shetty, the film, written and directed by Mahesh V Manjrekar, starred Bipasha Basu, Sanjay Dutt, and others, but it failed to impress audiences, resulting in a loss of Rs 4 crore.

Key Takeaways:

Vijay Mallya co-produced the film Rakht with Suniel Shetty in 2004, marking his brief foray into the movie-making business.
Rakht, written and directed by Mahesh V Manjrekar, starred Bipasha Basu, Sanjay Dutt, Suniel Shetty, and others, but failed to recover its budget of Rs 12 crores, resulting in a loss of Rs 4 crore.
The film's box office performance was disappointing, marking a swift exit for Vijay Mallya from the movie-making business.
Suniel Shetty and Ratan Tata, another industrialist, also ventured into movie-making around the same time but failed to succeed, with Shetty's Rakht and Tata's Aetbaar being the only films produced by them.
Vijay Mallya was quoted by the Economic Times in 2004, expressing excitement about entering the film industry, stating, "We are going into movie-making in a big way."
Mallya's only time producing a film was Rakht, and he swiftly exited the movie-making business after its box office disappointment.

Statistics:

Rakht was made on a budget of Rs 12 crores.
The film managed to recover Rs 8 crores, resulting in a loss of Rs 4 crore.
Ratan Tata also produced the film Aetbaar with a similar box office performance.

Sources:

Box Office India (no date mentioned)
Economic Times (no date mentioned)