Mumbai, May 18 : India’s largest amusement and water park operator has approved a strategic investment of up to ₹100 crore in Shanku’s Water Park, a leading leisure destination in Mehsana, Gujarat, near Ahmedabad. This investment marks a significant step in the company’s nationwide expansion strategy, strengthening its presence in high-growth regional markets and reinforcing its long-term vision of building a diversified, customer-centric leisure ecosystem across India. With strong connectivity to key catchment areas including Ahmedabad, Gandhinagar, Mehsana and surrounding regions, Shanku’s offers a compelling platform to enhance customer experiences, drive tourism-led growth, and expand access to organized family entertainment in Gujarat.
The Park is spread across 25+ acres with over 25 rides and attractions, Shanku’s is one of Gujarat’s largest and most established water parks, with strong access to Ahmedabad, Mehsana, Gandhinagar and surrounding catchments. The park has recently undergone extensive renovation and modernization, including advanced water filtration systems comparable to Imagicaa’s flagship Khopoli park.
The investment will be made through a mix of equity and debt, including capital for future expansion on adjoining surplus land. Imagicaaworld will also provide end-to-end Operations & Management services across park operations, guest experience, safety systems, F&B and revenue optimization, earning a management fee of 6%–10%, while leveraging its expertise to enhance performance and scale the destination further.
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.
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.”