MUMBAI: Frankfinn Aviation Services has forayed into movie production with an outlay of about Rs 250 -300 million (Rs 25 – 30 crore).

The company plans to produce at least three medium budget movies over the next one year.
Frankfinn, which had roped in actor Soha Ali Khan as its brand ambassador for its human resource training service for the aviation sector, has hived off its entertainment division into a separate entity and will be venturing into film production under the same.

“Through the new company, we are looking to be a strong brand in movies and music in a couple of years,” Frankfinn Aviation Services chairman K S Kohli told PTI.

The company had de-merged its music production business into Frankfinn Entertainment Company Pvt Ltd in December last year.

“We will finalise the script in a week’s time and start shooting in July for a Rs 60 -100 million (Rs six – 10 crore) budget movie to be released early next year,” Kohli said.

He added that the company would produce higher budget movies with an investment of approximately Rs 250 million (Rs 25 crore) if the film production venture takes off successfully. “Our aim is to be one of the top three companies in the field of movie production in next three years,” he was quoted as saying.

The company has also bought the home distribution rights of 50 Hollywood movies and will release VCDs and DVDs priced at Rs 30 each, next month.