MUMBAI: Film and TV production and distribution  company Baba Arts is moving on to the next generation to give it a new thrust. Whole time director and CMD Gordhan P Tanwani’s son Nikhil G Tanwani was appointed as the microcap company’s chairman &  managing director effective 1 November 2024, a couple of days after his father stepped down due to old age and ill health.

The company had approached its shareholders to give their consent to the proposal through an e-voting ballot process between 3 December 2024 and 1 January 2025. With the evoting closing yesterday, the scrutiniser gave his report which showed that the proposal got 100 per cent of the shareholders assent. Film star Ajay Devgn is one of the shareholders of the company.  

Baba Arts  informed the Bombay stock exchange on 2 January  as part of its regulatory process that the company and its shareholders had approved of Nikhil’s appointment.

Baba Arts reported a topline of Rs 12.48 crore and a net profit of Rs 1.97 crore in the year ended March 2024.

Baba Arts and Baba Films have together produced several films such as Ishq, Pyaar Toh Hona Hi Tha, Dhulhan Hum Le Jayenge, Tumko Nahi Bhool Paayenge, Taarzan – The Wonder Car, Life Main Kabhie Kabhiee, My Friend Ganesha franchise, Action Jackson and many more.