Ahmedabad: Imagicaaworld Entertainment Limited (IEL) has announced a major expansion in Gujarat with the acquisition of 100% equity in Malpani Parks Ahmedabad Private Limited (MPAPL). This move secures strategic land ownership for the development of what is set to become India’s largest waterpark near Ahmedabad.
The acquisition, valued at ₹75 crore, will be executed through a combination of share purchase and fund infusion towards liabilities, making MPAPL a wholly owned subsidiary of IEL. Subject to shareholder approval, this initiative strengthens IEL’s position in Gujarat, adding to its Aqua Imagicaa Water Park in Surat and the Sabarmati Riverfront project near the Atal Bridge in Ahmedabad.
Through the deal, IEL will gain direct access to 34 acres of prime non-agricultural land with clear title, highway frontage, and strong connectivity, enabling accelerated timelines for the flagship project. The proposed waterpark will feature world-class rides, slides, and attractions designed to international standards, setting a new benchmark for entertainment infrastructure in India.
Commenting on the development, 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.”
With this expansion, IEL aims to enhance market penetration, diversify offerings, and create long-term stakeholder value, while contributing to Gujarat’s tourism and consumer economy. The announcement follows the recent launch of Aqua Imagicaa in Indore, underlining the company’s ambition to bring world-class entertainment experiences to newer regions across India.
