AnalysisBoxoffy Intelligence
Boxoffy · Box Office Intelligence · Updated March 2026
Ajay Devgn is the only major Bollywood star to both act in and produce the same film that became a top-5 grosser (Tanhaji at ₹279 Cr). Drishyam 3 on Gandhi Jayanti 2026 targets the same holiday that made Drishyam 2's record-breaking opening possible. The franchise's DNA — middle India, thriller-drama, Ajay's stoic intensity — is perfectly calibrated for repeat viewing. ADF also has Dhamaal 4 (Jun 12, 2026) with the returning ensemble of Devgn, Riteish Deshmukh and Arshad Warsi, and Raid 3 with Rajkumar Gupta confirmed and going to floors — making 2026 ADF's busiest theatrical year since the pandemic.
Boxoffy Note
T-Series co-produces most ADF theatrical films as part of a music rights deal. Drishyam 3 is their biggest shared bet of 2026. Dhamaal 4 originally targeted Eid 2026 but was moved to Jun 12 to avoid clashing with Dhurandhar: The Revenge.
ProfileStudio Profile
Founded
2000
Founder
Ajay Devgn
Current Head
Ajay Devgn
Headquarters
Mumbai
Languages
Hindi
Tier
PREMIUM
OTT Partner
JioHotstar · Netflix
FilmographyKey Films
Tanhaji: The Unsung Warrior
Golmaal Again
Drishyam 2
De De Pyaar De
Bhuj
Active IPFranchises & Cinematic Universes
Drishyam
Golmaal
Pipeline2026 Slate & Upcoming
Drishyam 3 — Oct 2, 2026 (Gandhi Jayanti) · T-Series co-production · Ajay Devgn reprises Vijay Salgaonkar · The franchise that owns the Gandhi Jayanti holiday slot
Dhamaal 4 — Jun 12, 2026 · Ajay Devgn, Riteish Deshmukh, Arshad Warsi return · Was originally clashing with Dhurandhar 2 (Eid) — postponed to Jun 12
Raid 3 — TBA · Ajay Devgn + Dir. Rajkumar Gupta · Confirmed, going on floors · No release date yet
FinanceEstimated Market Valuation
₹800–1,500 Cr
ESTIMATED
Estimated · Drishyam + Golmaal franchise IP + Tanhaji + T-Series co-production pipeline
Corporate StructurePrivate Limited Company
ListedNo — private
Revenue ReferenceNot disclosed. Co-production model with T-Series means shared revenue
CorporateOwnership & Corporate Structure
Ajay Devgn
Founder & CEO
Also primary actor in most ADF productions
~100%
Kajol Devgn
Director
Wife of Ajay Devgn
Family stake