Meet the Bollywood star with a net worth of Rs. 12,000 crore who made fun of SRK’s hit movie Pathan and the CEO of Byju for
Ronnie Screwvala is more than simply a name; he is a character linked to achievement, drive, and inventiveness. Ronnie Screwvala, who is most recognized for his revolutionary contributions to the entertainment and educational fields, is a living example of what can be accomplished with unwavering willpower and clear vision. In addition to being the tale of a self-made millionaire, his narrative serves as an illustration of how a never-ending quest for perfection can uplift a sector and motivate countless others.
Ronnie Screwvala is a formidable presence in the Indian cinema business, and his ascent to fame is a story for the ages. In the 1970s, he began his career as a modest toothbrush maker before swiftly moving into the cable TV industry and starting a company that served as the model for his future foray into the entertainment industry.
Ronnie Screwvala founded UTV in 1990 with a little investment of Rs 37,000. The firm would go on to revolutionize Indian cinema and television. Under his direction, UTV grew to become a major force, bringing to life beloved series like Shanti and Sea Hawks as well as popular movies like Barfi, Chennai Express, Fashion, Swades, Jodhaa Akbar, and many more.
But Ronnie Screwvala gained international attention in 2012 when he sold Disney his stake in UTV for more over $1 billion. His reputation as a shrewd businessman was cemented by this decision, which also paved the way for his next project, RSVP Pictures, which has produced critically and financially successful movies like Uri and Kedarnath.
However, Ronnie Screwvala’s impact is not limited to the movie industry. He has invested in a wide range of companies, from UpGrad, an edtech platform, to Usports, a sports management firm, and Unliazer, a direct-to-consumer eyewear brand. He has a great eye for new sectors and a flair for detecting trends. In addition to increasing his wealth, these investments have established him as a respected authority in the startup and venture capital industries.
With a whopping $1.55 billion in net worth, Ronnie Screwvala is now the wealthiest person in the Indian film industry and a source of motivation for aspirants and business owners alike. His legacy is one of aspiration, tenacity, and inventiveness, and future generations will be impacted by his influence on Indian movies and business.
Nevertheless, Ronnie Screwvala’s path to success has not been without difficulties. He boldly criticized Byju’s, a well-known participant in the edtech industry, and its investors for the company’s dismal financial performance in a recent speech. He emphasized the need of accountability and openness in the sector, advising investors to safeguard their money and ask the appropriate questions.
Known for speaking his mind, Screwvala said that he agreed with the key shareholders of Byju’s decision to summon an extraordinary general meeting (EGM) in order to remove the present administration and reorganize the board.
“Finally someone smelt the coffee!” he had written on X. I hope they don’t give up and start whining, but they’re going to stick with it and finish this for the sake of the whole ecosystem! For India as a location for investments! For the sake of general credibility in a sector that is otherwise bright and sunny.”
In response to Pathaan being proclaimed the most successful Hindi film globally last year, Shah Rukh Khan tweeted, “Just to be very factual and clear.” Just in China, Dangal made over 1200 crores, making it the highest-grossing Hindi film ever. It will continue to hold this title. just to ensure that the record is accurate.
Ronnie Screwvala’s audacious move serves as a reminder that success involves more than simply acquiring riches—it also entails using that fortune to influence real change in the world. Ronnie Screwvala’s legacy will endure as a tribute to the strength of drive, ingenuity, and unwavering pursuit of perfection as he continues to push the envelope.
