Popular actor and producer Mohan Babu is all set to launch a new production house very soon. Till now he has been producing the films under the banner Sree Lakshmi Prasanna Pictures which was launched in 1982. As per the sources in the film industry, the unit would come up as Mohan Babu Corporation.
It is learnt that MB would be the name of the unit. He has also acquired land for the construction of an office for the production house. Manchu family is planning to complete the construction activity as early as possible and start producing films on the name of MB Corporation. Efforts are being made to complete the works on a warfooting.