Here he lived in South Bombay in a building known as 'Quetta Terrace', close to the Jinnah House, along with his brother R. K. Karanjia, who became a noted investigative journalist and founded Blitz.
There he saw the shooting of German director Franz Osten's film Always Tell Your Wife with Najmal Hussain and Devika Rani, which left him mesmerised.
[3] After his retirement from Filmfare, Ramnath Goenka offered him a stint as an editor at Screen of Indian Express group.
In time, it started financing art films made on a low budget, initiating what is now known as Parallel cinema, through the late 1970s and '80s.
[6] The film Pestonjee starring Anupam Kher, Naseeruddin Shah and Shabana Azmi, was based on his story about two Parsi friends.
Later in life, after the death of his wife in 2005, he shifted to Sopan Baug area in Pune in 2007, where he died at Jehangir hospital at the age of 92.