Hindi
Pyramid Saimira restructures, Saminathan steps down as chairman
MUMBAI: Dogged by controversies, Chennai-based Pyramid Saimira Theatre Ltd (PSTL) have announced a series of restructuring measures. While PS Saminathan has stepped down as chairman, the company is merging its US subsidiary and streamlining its operations to bring down its risk levels.
Saminathan will continue as the managing director and focus more on operational management. Founder director N Narayanan has taken over as chairman with immediate effect.
Recently, Sebi (Securities and Exchange Board of India) barred promoters Nirmal N Kotecha and Saminathan from trading in securities over a fake letter and buyback offer.
The scam-hit PSTL has decided to approve the merger of its subsidiary Fun Asia USA with another company to “strengthen the market position of the group in the USA.” The company will, however, continue with its expansion plans in Malaysia, where it made cash profits.
“Due to huge business loses, the company has suffered working capital erosion. Further, the global meltdown, national recession and failure in the film industry have put enormous strain on the entire film industry. With a view to strengthen the core exhibition business and also to reduce the risk levels in the business and bring back growth and profitability, I have decided to focus more on operational management,” Saminathan said.
PSTL has been under financial stress with a loss of Rs 1 billion over the past year and new claims from the Income-Tax department. “A large investor sold shares, exiting the company under questionable circumstances, which also reduced the company‘s ability to handle the situation,” said Narayanan.
Hindi
Marico founder Harsh Mariwala’s book Harsh Realities set for film adaptation
Almighty Motion Picture taps Karan Vyas to script Marico story
MUMBAI: Almighty Motion Picture is turning its lens on India Inc., with plans to adapt Harsh Realities: The Making of Marico into a screen project. The story charts the rise of Harsh Mariwala, the chairman and founder of Marico, and is currently in early development, according to a report by Variety.
Writer Karan Vyas, known for his work on Scam 1992, Scoop and Made in India – A Titan Story, is attached to pen the screenplay. The project continues the studio’s growing interest in real-life Indian narratives that blend business with human drama.
At the heart of the story lies a defining moment in 1987, when Mariwala chose to step away from the family-run Bombay Oil Industries and strike out on his own. What followed was not just the creation of a company, but the reinvention of a legacy. Marico would go on to become a global FMCG player, with brands like Parachute, Saffola, Set Wet and Livon becoming household names, reaching nearly one in three Indians.
The source material, co-authored by Mariwala and renowned business strategist Ram Charan, offers more than a boardroom chronicle. It captures the grit behind the growth, the risks behind the rewards and the leadership lessons forged along the way.
The adaptation aims to move beyond balance sheets and brand milestones, focusing instead on the person behind the enterprise. Expect a narrative that leans into the emotional stakes of entrepreneurship, where decisions are as personal as they are professional.
Today, Marico draws about a quarter of its revenue from international markets across Asia and Africa, reflecting its steady transformation from a domestic player into a multinational force. Yet, if the makers have their way, the screen version will remind audiences that every global success story begins with a leap of faith.
With development set to begin soon, this is one business story that may just trade spreadsheets for storytelling, and profit margins for moments that linger
