Picture credit – Imagicaa website https://www.imagicaaworld.com/blog/spectacular-view/Imagicaaworld Entertainment Limited (IEL), India’s premier themed entertainment company, has announced a strategic expansion in Gujarat with plans to build the country’s largest water park near Ahmedabad. The Board of Directors has approved the acquisition of 100% equity in Malpani Parks Ahmedabad Private Limited (MPAPL), valued at INR 75 crore. The transaction, which requires shareholder approval, will be executed through a mix of share purchase and fund infusion towards liabilities, following which MPAPL will become a wholly owned subsidiary of IEL. This acquisition secures IEL ownership of 34 acres of prime non-agricultural land with highway frontage and connectivity, enabling the company to accelerate project development. The water park is envisioned as a flagship destination offering world-class rides, slides, and attractions built to international standards, setting new benchmarks for entertainment infrastructure in India.
The development marks IEL’s third project in Gujarat, following Aqua Imagicaa Water Park in Surat and the Sabarmati Riverfront project near the Atal Bridge in Ahmedabad. Together, these investments highlight IEL’s growing commitment to the state’s tourism and leisure ecosystem.
Commenting on the announcement, Jai Malpani, Director, Imagicaaworld Entertainment Limited, said: “We are committed to creating best-in-class entertainment experiences for Indian consumers, and the Ahmedabad-Gandhinagar belt will now witness the launch of the country’s largest water park. This investment reinforces our geographical growth strategy and strengthens our position as India’s most trusted entertainment brand. We are quite excited with this landmark project which will clearly increase our dominance in Western India and enhance customer experience by many notches. This also reinforces our conviction of Gujarat as a hub for high quality entertainment and tourism.” IEL said the project would deepen its market presence, diversify entertainment offerings, and generate long-term value for stakeholders, while catalysing tourism and consumer spending in Gujarat. The announcement follows the recent opening of Aqua Imagicaa in Indore, signalling IEL’s continued efforts to expand its footprint across Central and Western India.
