"We all fail and I failed and fell flat on my face. There were certain choices that I made that didn't work. It was a big learning experience for me. So, sometimes it works and sometimes it doesn't," he told IANS.
"Hopefully, in the future I will again try to produce films. I will not give up," said Nambiar, who has produced films including "Kuku Mathur Ki Jhand Ho Gayi" and "Pizza".
And when it comes to the Central Board of Film Certification, he believes that "a smart filmmaker can work his way out for any subject. There are ways to work around. I would still make 'Shaitan' today. I wanted to avoid the smoking scenes without compromising on my content".
The 2011 film revolved around five substance-abusing friends who decide to fake a kidnapping to bribe a police constable for covering-up a hit-and-run accident.