# Carnival Group

Carnival Group is a Corporate Investor based in Mumbai, India.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, India
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** groupcarnival.com
- **LinkedIn:** https://www.linkedin.com/company/carnival-group

## Regulatory record

- **Reports private funds:** No

## About

Carnival Group was established in 2007 by Shrikant Bhasi. The firm functions through its holding company Asian Business Connection Pvt Ltd and focuses on entertainment, media, and food and beverage. Carnival Group owns Elante Mall and Hyatt Hotel in Chandigarh. It also holds Leela Infopark properties in Kochi and Thiruvananthapuram. The firm has executed asset sales including the 2017 transaction of Elante Mall and Hyatt Hotel to Blackstone Group. Earlier, it acquired the Big Cinemas multiplex business from Reliance MediaWorks. Operations span multiple Indian states with exposure to real estate and trading. Carnival Group maintains the Carnival Skill Foundation as its philanthropic vehicle. No additional offices or team size figures are recorded. The firm has not disclosed recent operational changes in the last 24 months.

## Sectors

- Media & Entertainment
- Real Estate

## People

- Shrikant Bhasi — Chairman and founder

## Questions

### Who runs investment decisions at Carnival Group?

Shrikant Bhasi serves as chairman and founder. Decisions flow through the holding company Asian Business Connection Pvt Ltd.

### What asset classes does Carnival Group hold?

Holdings include commercial real estate such as malls and hotels plus infopark properties. The firm also maintains positions in entertainment venues and agri-commodity trading.

### Has Carnival Group completed notable asset transactions?

In 2017 Carnival Group sold Elante Mall and Hyatt Hotel Chandigarh to Blackstone Group. It previously acquired Big Cinemas from Reliance MediaWorks.

### Where does Carnival Group concentrate its holdings?

Assets are located in Chandigarh, Kochi, and Thiruvananthapuram with headquarters in Mumbai.

## Related profiles

- [Carnelian Energy Capital](https://altss.com/profile/carnelian-energy-capital)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/carnival-group

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