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By:

Kiran D. Tare

21 August 2024 at 4:53:13 pm

From Doctor to Box-Office Disruptor

Vishal Chaturvedi has turned a deeply personal spiritual story into one of 2026’s biggest box-office surprises. In an industry where films routinely arrive with star salaries running into crores, lavish sets and multi-crore marketing campaigns, Hanuman Ansh is a striking anomaly. Made on a shoestring budget reportedly in the region of Rs. 2 crore, the ‘spiritual’ film opened last month to a modest box-office collection. Within weeks, however, audiences began taking a shine to the film with...

From Doctor to Box-Office Disruptor

Vishal Chaturvedi has turned a deeply personal spiritual story into one of 2026’s biggest box-office surprises. In an industry where films routinely arrive with star salaries running into crores, lavish sets and multi-crore marketing campaigns, Hanuman Ansh is a striking anomaly. Made on a shoestring budget reportedly in the region of Rs. 2 crore, the ‘spiritual’ film opened last month to a modest box-office collection. Within weeks, however, audiences began taking a shine to the film with the phenomenal result that its domestic collections had surged past the Rs. 150 crore mark. Whatever the final tally, the fact that a film made for a fraction of the budgets of mainstream Bollywood productions has emerged as a major commercial success has raised eyebrows. The man responsible for this is Vishal Chaturvedi, a doctor-turned-filmmaker, writer and producer whose route to cinema has been anything but conventional. Chaturvedi was born and brought up in Lucknow and completed his MBBS from Gorakhpur in 2006. While posted in Haldwani that year, he visited Kainchi Dham. It was there that he encountered the teachings of Neem Karoli Baba, the spiritual figure whose life and philosophy would eventually become the foundation of his first feature film. For almost two decades, the thought of making a film around Neem Karoli Baba remained with Chaturvedi. His journey towards Hanuman Ansh itself reportedly took nearly 14 years. Along the way, he left medicine and even gave up music before committing himself fully to filmmaking. What might appear in retrospect as an overnight success was therefore anything but overnight. Hanuman Ansh tells the story of Lakshminarayan, who would later become Neem Karoli Baba. Following his mother’s death, the young Lakshman leaves home in search of God. His journey through forests, temples and villages becomes a gradual renunciation of worldly life and a movement towards spirituality. The film also incorporates episodes associated with Neem Karoli Baba, including the famous account of a British train being stopped after he was forced off it. But perhaps the most revealing part of Chaturvedi’s story is not what he put into the film, but what he deliberately kept out while writing it. He removed digital devices from his room and wrote the story entirely by hand. His assistants subsequently photographed the handwritten pages and converted them into digital form. He spent nearly 45 days writing the first scene alone. For Chaturvedi, however, the first scene was the foundation of the entire film. Once he had found it, the rest of the screenplay came together rapidly, taking another 15 to 20 days. Hanuman Ansh was the culmination of a personal conviction that had survived for nearly 20 years. Its success also raises a larger question about the changing economics of Indian cinema. The film is unlikely to signal the death of stars, spectacle or big budgets. Nor does every low-budget film with a strong idea automatically become a blockbuster. But Hanuman Ansh, alongside other recent successes such as Dhurandhar, points towards something increasingly important: content can create its own market when audiences feel they have discovered something worth talking about. The old model depended heavily on pre-release visibility. The new one increasingly depends on post-release conversation. A film need not necessarily dominate advertising if audiences themselves become its marketing department. That is particularly significant for films operating outside the traditional Bollywood template. Hanuman Ansh does not have the conventional ingredients of a commercial blockbuster. Its subject is spiritual, its central character is not a contemporary superstar and its budget was tiny by industry standards. Yet its audience appears to have expanded precisely because it offered something different. Today, audiences are becoming less willing to accept that the size of a film’s budget determines its value. They can reject an expensive production and embrace a modest one if the latter connects emotionally, culturally or spiritually. For Chaturvedi, the irony is striking. A man who walked away from medicine to pursue filmmaking spent years chasing a story that the mainstream industry apparently did not rush to embrace. That makes Hanuman Ansh’s success more than a box-office curiosity. It is a reminder that while budgets and big-name stars may buy scale and draw attention, the belief among audiences that a particular film is telling a solid story and hence must be seen is priceless. Chaturvedi appears to have spent years building his belief around one story. Judging by the box office receipts, the audience, too, seems to have bought into it.

Lateral upgrade to ailing annihilation

Writer: Mangesh Kulkarni
Mangesh Kulkarni
Sep 9, 2024
3 min read

Updated: Oct 21, 2024

Lateral upgrade to ailing annihilation

Being the first person from the private sector to be appointed as chairperson of Securities and Exchange Board of India (SEBI) as part of the government’s lateral initiative, Madhabi Puri Buch also holds the honour of being the first woman to hold the top post as capital market regulator.

But the laurels that the former private sector banker enjoyed in her earlier stint with ICICI Bank, was marred with allegations that she and her husband were having a stake in offshore entities, which were used to artificially inflate shares of Adani group companies.

Terming the allegation as `character assassination, Buch clarified that all disclosures have already been furnished and the fund in question did not invest in any securities involving the Adani group.

When it rains, it pours. This allegation was subsequently followed by Congress Party allegation that Buch had received salary and post-retirement benefits from ICICI Bank after she quit the private sector bank.

In its clarification to the stock exchanges, ICICI Bank asserted that the payments made to Buch were purely retirement benefits after her exit from the bank and they were neither salary nor employee stock options.

Prior to these allegations, Buch tenure at SEBI was all about bringing in quick reforms on operational issues by changing the format of consultation paper to bring in larger responses digitally. Being data savvy, the rationale of her decisions were democratic based on big data analysis derived from the responses received to the consultation papers.

Further she bifurcated the duties of the SEBI staff between operations and enforcement, which were done by the same persons earlier. Having worked for the private sector in the capital market domain space, Buch had a better understanding of the subject compared to officers from the administrative service in the past that reflected even in her orders as a whole-time director at SEBI before becoming the chairperson. As a whole time director at SEBI, her orders on adjudication issues were more directional to the capital market space, according to experts in the compliance space. She was also quick to revamp the old provisions of the 90s at SEBI.

Being tech and data savvy, Buch enhanced regulatory surveillance and detection of market manipulation, insider trading and fraud while also emphasizing on strengthening corporate governance by introducing stricter rules for independent directors and enhancing disclosures for related-party transactions.

To put in perspective, the annual report of the capital market regulator in the just concluded financial year revealed that the number of investigations related to insider trading jumped to 175 in 2023-24 from 85 in the preceding year while probes related to front running jumped over three times to 83 from 24 in the preceding year.

Transparency in mutual funds by implementing measures to protect retail investors along with tightening norms for initial public offers, particularly in the SME platforms were some of her other positive initiatives including confirmation of denial of any market rumours within 24 hours for the top 100 listed companies which will be extended to top 250 companies from December 1. However increased transparency and compliance with tightening regulations led to increased operational costs for the market participants and hence faced resistance from certain quarters. Born in 1966, Buch completed her primary education in Mumbai and graduated with specialization in Mathematics from Delhi and later obtained a management degree from Indian Institute of Management, Ahmedabad. In between, she got engaged to Dhawal Buch, a director at a consumer goods multinational at the age of eighteen and got married at the age of 21.

Besides ICICI Bank, Buch also worked as a lecturer at a college in England, worked at Greater Pacific Capital in Singapore and ICICI Securities as its CEO. She also worked as executive director on several private sector companies and as a consultant for New Development Bank (Brics Bank).

What now remains to be seen, is whether Buch, who survived the 26/11 terror attack when she along with her husband, was attending a meeting at Taj, be able to overcome the current ordeal. Keeping fingers crossed for the times to come.

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