AnalysisBoxoffy Intelligence
Boxoffy · Box Office Intelligence · Updated March 2026
In December 2025, Saregama acquired 28% of Bhansali Productions for ₹325 crore — valuing the studio at ₹1,160 Cr+. Heeramandi (2024) was Netflix India's most watched Indian series globally. Love & War (Aug 14, 2026), with Ranbir-Vicky-Alia, is on a reported ₹350 Cr+ budget — Bhansali's most expensive production and his first Independence Day release. Was originally targeted for March 2026 (Eid) but delayed 3 months due to shoot overrun. Every SLB film is a cultural event; controversy and political heat have historically only added to openings.
Boxoffy Note
Love & War is a Bhansali Productions primary film — releasing Aug 14, 2026, not 2027. Dharma Productions is not the lead producer. SLB is writer, director and producer. Co-produced with Jio Studios.
ProfileStudio Profile
Founded
2000
Founder
Sanjay Leela Bhansali
Current Head
Sanjay Leela Bhansali
Headquarters
Mumbai
Languages
Hindi
Tier
PREMIUM
OTT Partner
Netflix
FilmographyKey Films
Devdas
Black
Bajirao Mastani
Padmaavat
Gangubai Kathiawadi
Heeramandi (web series)
Pipeline2026 Slate & Upcoming
Love & War — Aug 14, 2026 (Independence Day weekend · CONFIRMED) · Dir./Writer: Sanjay Leela Bhansali · Ranbir Kapoor + Vicky Kaushal as Air Force officers · Alia Bhatt as emotional anchor · 1960s period love triangle set against backdrop of war · Co-produced with Jio Studios · Also starring: Shefali Shah, Boman Irani, Supriya Pathak, Sathyaraj, Ankita Lokhande, Ali Fazal (cameo), Mouni Roy (cameo) · Budget: ₹350 Cr+ · Bhansali's first Independence Day release ever · Competing with Batwara 1947 (Aug 13) and Bhediya 2 (Aug 14)
FinanceEstimated Market Valuation
₹1,160+ Cr
CONFIRMED
CONFIRMED · 28% sold to Saregama India for ₹325 Cr — December 2025
Corporate StructurePrivate Limited Company
ListedNo — private. Saregama India (NSE: SAREGAMA) is publicly listed
Revenue ReferenceNot disclosed. Heeramandi Netflix + Love & War pipeline = significant 2026–27 revenue
CorporateOwnership & Corporate Structure
Sanjay Leela Bhansali
Founder, Director, Producer
Full creative control retained post-Saregama deal
72%
Saregama India
Strategic Investor
Listed company (NSE: SAREGAMA) — ₹325 Cr invested Dec 2025
28%