According to sources, Mohanlal, who recently celebrated 30 years in Malayalam films, is gradually switching from movies to business. He has entered into stock market, film distribution and real estate business.
Mohanlal launched a stock broking company called Hedge Equities in Kochi, in association with Fedex Securities, Kozhikode-based Baby Marine Exports, Smart Financial, Thakker Group and SM Hegde of Videocon. This is the first time he has stepped into investment and real estate business.
And after a gap of more than eight years, Mohanlal is back to film distribution. In association with producer Antony Perumbavoor, Industrialist K.C. Babu and Asianet chief K. Madhavan, he has launched a film distribution company, Max Lab Entertainments, to establish a multiplex chain throughout Kerala. Max Lab will focus on film distribution, production and running multiplexes and shopping malls in the state.
The first venture of Max Lab Entertainments will be Sagar Alias Jackie, directed by Amal Neerad of Big B fame. The company has also acquired the rights of another new project in the pipeline, a movie jointly produced by Thara Arts and Aashirwad, which is entirely shot in America.
Mohanlal is currently the brand ambassador of Oceanus Builders, Malabar Gold and Kozhikode-based jewellers which has many branches in and outside Kerala. Besides, he fully owns Travancore Court, a three star hotel located at Warriam Road in South Junction in Kochi. He also runs a chain of restaurants in the Middle East. Sources said that the actor is also planning to launch a few schools shortly. So Mohanlal sure is a big businessman today.