This ₹100 crore deal marks Imagicaaworld’s next big expansion move

Imagicaaworld Entertainment Limited has approved a strategic investment of up to ₹100 crore in Shanku’s Water Park in Mehsana, Gujarat, near Ahmedabad. The investment is part of the company’s expansion strategy in regional leisure markets across India. Located near Ahmedabad, Gandhinagar, and Mehsana, the park serves multiple regional catchment areas and is positioned within Gujarat’s organised family entertainment and tourism sector.

The park spans over 25 acres with more than 25 attractions

The park spans over 25 acres and includes more than 25 rides and attractions. Located in Mehsana, Gujarat, Shanku’s has connectivity to Ahmedabad, Gandhinagar, and surrounding regions. The park has also undergone renovation and infrastructure upgrades, including updated water filtration systems.

The investment includes operations and management support

The investment will be made through a mix of equity and debt, including capital allocated for future expansion on adjoining land. Imagicaaworld will also provide Operations & Management services across park operations, guest experience, safety systems, F&B, and revenue management under the agreement.

Imagicaaworld continues expansion beyond destination parks

These developments mark Imagicaa’s strategic expansion beyond destination parks into scalable, high-margin formats. The company recently announced its Q4FY26 results where revenue from operations stood at ₹91.9 crore with a significant increase in footfalls by 5% year-on-year to 6.21 lakh visitors, while continuing to witness steady consumer demand across its existing parks.

Leadership comments on the development

Commenting on the development, Jai Malpani, Managing Director, Imagicaaworld Entertainment Limited, said, “This transaction represents an important milestone in Imagicaaworld’s growth strategy as we deepen our footprint in Gujarat, one of India’s fastest growing leisure and tourism markets. Gujarat has a strong consumer base, rising discretionary spending, and significant long-term potential for organized entertainment destinations. Shanku’s Water Park is a well-established destination with high-quality infrastructure, strong regional recall, and significant growth potential. Strategically located within a one-hour radius of Ahmedabad and GIFT City, this asset sits at the crossroads of commercial growth and weekend tourism. Through this partnership structure, we aim to leverage Imagicaaworld’s operational expertise and brand capabilities to further enhance guest experiences, drive footfalls, and create long-term value for stakeholders.”