Raj Kundra’s adult content app with an expected growth of net profit around Rs 34 crore by the year 2023-24, says the reports

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Published by Swathy S on 27 Jul 2021

Raj Kundra’s adult film racket case has come across more details in the further investigation. As per the latest report of Mid-Day, the first charge sheet of the case had been filed and the Mumbai Police have come across the financial targets which was set by Raj Kundra and his company Bollyfame Media Limited. Bollyfame was the application that came after Hotshots, the adult content app, was banned from the Google Playstore and Apple Playstore last year.

The Mid-Day report states that the charge sheet contained a presentation of estimated gross revenue of Rs 146 crore and a net profit for the year 2023-’24 which was around Rs 34 crore. The revenue and net profit figures for the years 2021-’22 and 2022-’23 were also given.

Raj Kundra’s company was forecasting gross revenue around Rs 36,50,00,000 and net profit around Rs 4,76,85,000 for the years 2021-’22. They also aimed at a gross revenue and net profit of Rs 73,00,00,000 for the years 2022-23. The charge sheet, however, did not clarify whether this projection was for Bollyfame or other company.

Crime Branch official has told a publication that “The documents were seized from Kamat. Kundra was not arrested when we filed the first charge sheet. As the investigation progresses, we will get more clarity about Bollyfame and the same will be covered in a supplementary charge sheet”.

The crime Branch said that the contents were shifted to Bollyfame after the banning of Hotshots app. Over the weekend, the police came across the servers, documents and several files from Raj Kundra’s office and will probably provide more clarity to the case.

The officer told “WhatsApp chats between Kamat, Kundra and his brother-in-law Pradeep Bakshi clearly state that he had the Plan B in the form of Bollyfame in case HotShot faces legal issues. He was also planning to get celebrities to live-stream on Bollyfame saying it will bring more revenues and subscriptions than Hotshot that has uploaded content”.

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