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Sanjay Leela Bhansali · Saregama 28% · Love & War 2027

Bhansali Productions

Founded 2000 · Mumbai · Sanjay Leela Bhansali · OTT: Netflix (Heeramandi)
Founded
2000
SLB · Khamoshi era pivot
Saregama Deal
28% for ₹325 Cr
Dec 2025 · ₹1,160 Cr valuation
Padmaavat
₹585 Cr WW
2018 · SLB period epic
Heeramandi
Netflix India #1 series 2024
Crossed Sacred Games in viewership
Next
Love & War · Jan 2027
Ranbir + Alia + Vicky · ₹350+ Cr
Cumulative
~₹1,300 Cr
Boxoffy estimate · lifetime

Analysis Boxoffy Intelligence

Boxoffy · Box Office Intelligence · Updated May 2, 2026

Bhansali Productions is the premier auteur-driven studio in Hindi cinema. Saregama Limited acquired 28% in December 2025 for ₹325 Cr — establishing ₹1,160 Cr valuation, the second-highest valuation event for any Hindi production house after Dharma's Poonawalla deal. Heeramandi (Netflix series, 2024) was Netflix India's most-watched original ever, beating Sacred Games. Love & War (January 2027) reunites Ranbir Kapoor + Alia Bhatt + Vicky Kaushal in the most anticipated romantic epic of the decade — co-produced with Dharma. The Bhansali playbook: ₹200+ Cr budgets, period or romantic settings, music-as-character, multi-year production timelines. No other Indian studio operates at his scale of artistic ambition combined with mainstream commercial reach.

Boxoffy Note
Love & War is a generational cinema event. SLB returning to romance after 8+ years (since Bajirao Mastani 2015) with Ranbir-Alia-Vicky triangle has the same anticipation level Padmaavat had pre-release.

Profile Studio Profile

Founded
2000
Founder
Sanjay Leela Bhansali
Current Head
Sanjay Leela Bhansali
Headquarters
Mumbai
Languages
Hindi
Tier
PREMIUM
OTT Partner
Netflix (Heeramandi)

Filmography Key Films

Padmaavat Bajirao Mastani Gangubai Kathiawadi Heeramandi Devdas

Pipeline 2026 Slate & Upcoming

Finance Estimated Market Valuation

Estimated Enterprise Value
₹1,160 Cr (verified Dec 2025)
ESTIMATED
Established by Saregama 28% deal at ₹325 Cr valuation Dec 2025

Corporate Structure Listing & Revenue

ListedNo — privately held; Saregama (listed BSE/NSE) holds 28% strategic stake
Revenue ReferenceEstimated ₹200-400 Cr per major release year

Corporate Ownership & Structure

Person
Role
Notes
Stake
Sanjay Leela Bhansali
Founder & Creative Head
Director-producer · Lead creative
~70%
Bhanu Bhalla
Director
Long-term production partner
Family stake
Saregama Ltd
Strategic Investor (Dec 2025)
Listed entity · 28% stake for ₹325 Cr
28%
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