Latest news with #JayMehta
India.com
6 days ago
- Entertainment
- India.com
Meet Indian business tycoon whose first wife died in a plane crash, married an actress secretly, his name is..., wife is...
New Delhi: Juhi Chawla has been one of the most vivacious and successful actresses of the 90s. Throughout her career, she worked with superstars ranging from Aamir Khan to Shahrukh Khan and was part of several successful films. In the 1990s, Juhi Chawla ruled the hearts of the audience with her smile and splendid acting. She captured audiences' hearts with performances in films like 'Qayamat Se Qayamat Tak', 'Darr', 'Hum Hain Rahi Pyar Ke', and 'Ishq'. However, unlike other actresses, Juhi always kept her personal life away from the limelight. Juhi Chawla secretly married businessman Jay Mehta in 1995 and kept it under wraps for a long time. Juhi Chawla herself revealed the reason for this. She mentioned that she was afraid that news of her marriage could affect her popularity and career. It is noteworthy that Jay Mehta is a billionaire businessman, the chairman of the Mehta Group, and the co-owner of Kolkata Knight Riders (KKR). Jay Mehta graduated from Columbia University and earned an MBA from the International Institute of Management Development in Switzerland. Jay's first marriage was in 1984 to Sujata Birla, who was the sister of prominent Birla Group heir Yash Birla. However, in 1990, Jay Mehta's life was completely shaken. Sujata died in the crash of Indian Airlines Flight 605. This incident deeply traumatized Jay. A few years after Sujata's death, Juhi Chawla entered Jay Mehta's life. Initially, they developed a friendship that later turned into love. Juhi and Jay met at a dinner party hosted by Rakesh Roshan. In an interview, Juhi mentioned that when she married Jay, she was dealing with the shock of her mother's death and was concerned about her career. However, her mother-in-law advised her to continue acting. Today, Juhi and Jay have been married for three decades, and they have a daughter, Jahnvi, and son Arjun. Jay Mehta is the chairman of Mehta Group whose net worth is about Rs 4171 crores. This company operates in sectors like cement, packaging, gardening, and building materials. Jay and Juhi live in a lavish house in Malabar Hill, Mumbai, which has two full floors. Their daughter Jahnavi and son Arjun are also showing interest in the family business. In 2024, Juhi Chawla became India's richest actress. It is worth mentioning that in 2024, Juhi Chawla secured her place in the Hurun Rich List as India's richest actress. According to the Hurun Rich List 2024, her wealth is Rs 4600 crores. She is only behind her close friend Shah Rukh Khan in the list of the richest actors. In 2007, Jay Mehta, along with Juhi Chawla and Shah Rukh Khan, purchased Kolkata Knight Riders (KKR) for 75 million dollars (around 624 crore rupees). At that time, their business was going through a tough phase, but they took the risk. Today, KKR is one of the most successful franchises in IPL, having won the title three times. Jay describes it as the best investment of his life.
India.com
28-05-2025
- Business
- India.com
Juhi Chawla's husband Jay Mehta was once 'almost destroyed' due to..., then he invested Rs 6240000000 in KKR with Shah Rukh Khan and...
Juhi Chawla's husband Jay Mehta was once 'almost destroyed' due to..., then he invested Rs 6240000000 in KKR with Shah Rukh Khan and... Shah Rukh Khan became the owner of the Kolkata Knight Riders (KKR) cricket team back in 2007, but he didn't do it alone. He teamed up with his Red Chillies Entertainment partner, actress Juhi Chawla, and her husband Jay Mehta to buy the team. When they entered the Indian Premier League (IPL), their star power brought a lot of glamour and attention to the tournament. Even though KKR didn't perform too well in the early seasons, the team still stayed in the spotlight, mainly because of Shah Rukh Khan's massive fan following. In a past interview, Jay Mehta recalled that when he decided to invest in the team, many people told him he was 'crazy' for taking such a risk. But he trusted his instincts and believed the decision would pay off. Speaking in a video shared by the Institute for Management Development (IMD) on YouTube, Jay offered some advice based on his years in business. He said, 'First, avoid taking on too much debt, it happened to us once and almost ruined everything. Second, build a strong team by hiring the best people you can find. And most importantly, stay curious. Read a lot, learn about how businesses work, and stay updated with the latest trends. Always try to stay one step ahead.' Jay Mehta revealed that when he was offered the chance to invest in cricket, his business was actually going through a rough patch. Despite the challenges, he and his partners decided to take a bold step and bought the Kolkata Knight Riders (KKR) franchise for USD 75 million. 'At that time, things weren't easy for us financially,' Jay explained. 'But then this opportunity to invest in cricket came along. Almost everyone around me thought I had lost my mind. They said, 'You're crazy to even think about it.' But I had a strong belief in the idea. I wanted to go ahead with it.' He went on to share how many people had seen the same investment proposal but didn't understand how the business model worked. 'When I looked at it closely, I realized it was based on a cash flow model, which made sense to me,' he said. Jay also mentioned that the initial investment was relatively modest, but he had faith in the potential of the T20 format. 'I thought cricket could grow into something huge just like football in Europe or the NFL in the United States. So I took a chance and went for it. Looking back, I can say without a doubt, it's the best investment I've ever made,' he added. KKR has won three Indian Premiere League titles so far.
Time of India
27-05-2025
- Business
- Time of India
Juhi Chawla's husband Jay Mehta recalls bold $75 million KKR investment with Shah Rukh Khan: ‘People said I was crazy'
In 2007, Bollywood superstar Shah Rukh Khan stepped into the world of cricket with the purchase of the Kolkata Knight Riders (KKR), a franchise in the Indian Premier League. But he wasn't alone in the high-stakes venture. He co-owned the team with his Red Chillies Entertainment partner Juhi Chawla and her husband, industrialist Jay Mehta. At the time, the trio added a layer of Bollywood glamour to the nascent T20 league, capturing media attention even though the team itself wasn't initially a top performer. Years later, Jay Mehta reflected on what many considered a gamble, investing in a format that hadn't yet proven its commercial power. Jay Mehta says it was a $75 million risk during tough times In a conversation shared on the Institute for Management Development (IMD) YouTube channel, Mehta revealed that his decision to invest came at a time when his own business was facing financial difficulties. 'In between all this, when we were also going through difficult times, I got an opportunity to invest in cricket,' he shared. He acknowledged that people around him thought he was making a big mistake. 'Everybody said you are crazy, completely crazy. I said, 'Look, I really believe in this. I want to do it.'' The acquisition of the KKR franchise cost $75 million. Mehta recalled that he and his partner were among the few who understood the financial potential behind the business model. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo 'Other people were actually taking the document and not understanding the business model. When you looked at the business model, it was a cash flow model,' he explained. 'Best investment I have made' Though the initial investment was significant, Mehta believed it was a small price to pay considering the future of T20 cricket. 'The investment was very small and I really believed that this is going to turn around. Cricket is going to become big—like American football in the US or football in Europe,' he said. Looking back, he considers the move a masterstroke: 'It's inarguably the best investment I have made.' Juhi Chawla's Wedding Story: How Her Mother-In-Law Stood In Times Of Distress Business wisdom from Mehta's journey Reflecting on his business experiences, Jay Mehta offered some key takeaways. 'First of all, don't take on too much debt because we got into a debt trap and it almost destroyed us,' he admitted. He emphasized the importance of building a strong team, continuous learning, and staying ahead of the curve. 'Try and hire the best people… keep yourself informed about what's going on,' he advised. Over the years, KKR has transformed from a team known more for its celebrity owners than match wins into one of the IPL's most successful franchises, having clinched the championship title three times. And for Jay Mehta, that $75 million 'punt' turned out to be a legacy-building move, one that redefined sports investments in India. Check out our list of the latest Hindi , English , Tamil , Telugu , Malayalam , and Kannada movies . Don't miss our picks for the best Hindi movies , best Tamil movies, and best Telugu films .
