Dadasaheb decided to form his own company and stop working under the supervision of others. In Pune near Shankarshet Road, he formed his own company, called Saraswati Cinetone (सरस्वती सिनेटोन). The company's first movie was "Sham Sundar". The first Silver Jubilee movie of the Indian film industry, it turned out to be legendary. It introduced two young artists, Shahu Modak and Shanta Apte. Chintamanrao Modak, the famous sound recordist, and Baapurao Ketkar, the famous music director, began their careers on this movie. The company's second movie was "Aout Ghatakecha Raja", which introduced Master Viththal (who later became famous as Indian Douglas) as director. The first double role in Indian film was in this movie.