MUMBAI, India. Forbes India. September 11, 2013. (English) by Deepak Ajwani. –A few years ago, an NRI businessman and a Bollywood superstar, both still unknown to each other, had a common wish. They wanted to set up a children’s theme park. One strategically wanted his family’s business empire—focused on manufacturing thus far—to enter the consumer space; and the other’s excitement stemmed from his children’s fascination for such entertainment, as well as his own love for kids. Fate brought the two together.
Paras Chandaria, 41, and Shah Rukh Khan, 47, joined forces and KidZania was launched in India in the last week of August. In 2006, Chandaria, who runs the Singapore unit of his family-promoted Comcraft Group, was on a business trip to Indonesia. It was there that he heard about KidZania, a Mexican edutainment chain for children. He found the idea novel and soon took a trip to KidZania Japan with his two daughters (aged six and eight then) to experience it first-hand. They fell in love with the concept. “There wasn’t a single kid who wasn’t happy. Everyone was learning and enjoying the entire process. The Mexican company running KidZania shares the same values as us—making a social impact while doing business,” says Chandaria.
Around the same time, Shah Rukh was at a Dubai shopping mall with his family; his children were pleading with him to let them spend more time at the KidZania centre there. He was witness to their enjoyment. “I love kids and entertainment; here was a business that had both these elements. And this was something I had never seen anywhere, having travelled across the globe and seen the best entertainment/amusement parks. I thought we just have to bring this to India,” Shah Rukh says.
Education and entertainment combine to make KidZania a novel theme park. It also helps that it’s being backed by Shah Rukh Khan
Meanwhile, Chandaria did a detailed feasibility study to launch KidZania in India and, in 2008, he signed the licensing deal with KidZania Mexico. Subsequently, he also got The Xander Group, a private equity firm, to invest in the project. However, he needed another partner, preferably from the entertainment sector, to help market the concept to the masses and connect with both children and brand partners—vital to the launch of KidZania. He asked around in London, where he had grown up, and one name cropped up in every conversation—Shah Rukh Khan. “I rarely saw Indian movies back then so I didn’t know who he was. And then, one day in a cab from the Mumbai airport to my hotel, I asked the driver who his wife’s favourite Bollywood actor was and who his kid admired the most—both the answers were Shah Rukh,” Chandaria says.
He was finally introduced to Shah Rukh by a common friend, Jay Mehta, co-owner of the actor’s IPL franchise, Kolkata Knight Riders. He had found a partner whose passion and enthusiasm matched his. Shah Rukh readily agreed to pick up 26 percent in the India franchise and claims to be involved in the creative side of the business too; he also helps connect the park with the many brands he endorses.
KidZania IN Mumbai
KidZania Mumbai is a mammoth 75,000-square feet town built to scale for children and located at the R-City Mall in Ghatkopar. You enter with a boarding pass. It feels almost as if you are stepping into a new city. It mimics a real city with various establishments such as a bank, a fire station, a cinema theatre, a university, food and beverage outlets, an industrial area where goods are manufactured, a town square, and shopping outlets. These establishments are commercially sponsored and run by real-life brands—Yes Bank (ATM), Coca-Cola (bottling plant), Hyundai (driving school), Kellogg’s (cereal factory), Central (superstore), Big Bazaar (department store). It serves as an opportunity for these brands to reach out to future consumers.
Children need to use kidZos, the nations’s own currency, by opening an account at the only bank there. This helps them learn the concept of banking, saving, using an ATM with their own debit card as well as conducting financial transactions at the activity centres.
During the five-hour duration of their visit, children pick up real-life skills by working professionally at the Big Bazaar departmental store or Cadbury’s chocolate factory, learn the functioning of television channels at the Star TV studio or even train to be a journalist at the Times of India newspaper office. A team at the employment centre conducts tests to understand their skills and interests, helps them build a résumé and guides them towards jobs based on their talent and passion. With every job, they stand a chance to earn more kidZos which can be spent on fun tattoos or fancy treatments at the salon.