"I'm not a passive investor, I'm an active producer. My budgets are tough and I don't let the director spending money for passion.", said Bhushan Kumar.However, T-Series was not in Bhushan's plan. He was only 19 years old when he joined T-Series. T-Series commenced business in 1983. Lt. Gulshan Kumar Dua founded it on a small scale to sell pirated Bollywood songs. Gradually, they stepped into Bollywood. Aashiqui came out in 1990 under T-Series and changed company's fate forever. Nadeem-Shravan produced the music for the movie. Unfortunately, Gulshan was shot dead on August 12, 1997. Gulshan came out of Jeeteshwar Mahadev Mandir in Mumbai when the attack happened. The news shook the world. Nadeem-Shravan were topping the charts. Unfortunately, Nadeem was accused to be the mastermind of the incident. However, Abdul Rauf Merchant aka Raja surrendered to Police in 2001. Raja came out as the murderer of Gulshan Kumar. The killing of Gulshan Kumar occured due to an extortion argument with D-Company. This was unfortunate. Music analysts claims that Indian music industry never grew on that level again.
The transaction, which is subject to regulatory approvals, is expected to close in the second half of 2025.
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