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JD Majethia recalls losing all his money in 2013, was in debt for six months: ‘We just nosedived’

JD Majethia opened up about his lowest phase professionally, which he noted happened in 2013 when he found himself battling a crisis that forms 'the biggest chapter in my lifetime.'

JD Majethia talks about his financial crisis.JD Majethia talks about his financial crisis. (Photo: JD Majethia/Instagram)

Television producer JD Majethia says his journey in the industry has been a roller coaster ride, with him at one point starring at bankruptcy when miscalculations by an accountant led his production house to a “big failure”. Majethia has been behind some of the biggest shows on TV including Khichdi and Sarabhai vs Sarabhai.

In an interview with Siddharth Kannan, Majethia was asked about his lowest phase professionally, which he noted happened in 2013 when he found himself battling a crisis that forms “the biggest chapter in my lifetime”. He runs his production house Hats Off Productions.

“My biggest failure in terms of shows will have a lot of individual examples. But there was a big failure in the company once in 2013. Five shows of ours were running and there was a person in our accounts, who misled us. Maybe I was not that mature then to understand it properly. I would work hard and pay everyone on time but that man did some ‘gadbadi‘ in our calculations and we just nosedived. We couldn’t understand anything.

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“From there, we picked ourselves again bit by bit. That’s my biggest chapter. All our money had gone, we were in losses and we also owed money to people. But we repaid everyone, and from there are back on our feet here today. We have earned a lot than what we had lost, but our name was never tarnished. Our goodwill remained intact and the phase didn’t last for more than six months,” he added.

Majethia explained that when the crisis had happened, they launched their show called Mai Sagar, with a budget of Rs 75,000. “The money would just go, but we restarted from there. It had a lot of writers, so I would co-ordinate a lot, which is now helping me in making Wagle Ki Duniya. God gave me that situation to learn something from.”

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Wagle Ki Duniya – Nayi Peedhi Naye Kissey, aired in 2021 and is still ongoing. The show, based on characters created by noted cartoonist, R. K. Laxman, stars Sumeet Raghavan, Pariva Pranati and Anjan Srivastav among others.

First uploaded on: 09-07-2024 at 14:13 IST
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