AnalysisBoxoffy Intelligence
Boxoffy · Box Office Intelligence · Updated March 2026
Backed by Reliance Industries — the only production house with effectively unlimited capital. JioHotstar (post Disney-Reliance merger) reaches 750M+ potential viewers, giving Jio Studios a built-in streaming advantage no other Indian studio has. Dhurandhar: The Revenge (released Mar 19, 2026) is already tracking to surpass its predecessor's ₹838 Cr India net record. The rest of 2026 is equally loaded: Love & War (Bhansali, Aug 14) and Brahmastra Part 2: Dev (Ayan Mukerji, Dec) — the latter now a Jio Studios primary production after Dharma stepped back from the franchise IP. In Feb 2026, Jio acquired 50.1% of Sikhya Entertainment (The Lunchbox, Masaan) for ₹150 Cr, adding art-house credibility to its commercial slate.
Boxoffy Note
Jio Studios co-produces with B62 Studios (Aditya Dhar) for the Dhurandhar franchise. The creative IP is B62's; Jio provides capital and distribution.
ProfileStudio Profile
Founded
2018
Founder
Reliance Industries
Current Head
Jyoti Deshpande
Headquarters
Mumbai
Languages
Hindi · Telugu · Tamil · Malayalam
Tier
MAJOR
OTT Partner
JioHotstar
FilmographyKey Films
Dhurandhar
Dhurandhar: The Revenge
Laapata Ladies
Laal Singh Chaddha
Active IPFranchises & Cinematic Universes
Dhurandhar
Pipeline2026 Slate & Upcoming
Dhurandhar: The Revenge — RELEASED Mar 19, 2026 · Day 0 premiere ₹40 Cr nett confirmed · Biggest premiere in Indian cinema history · Day 1 actuals pending
Brahmastra Part 2: Dev — Dec 2026 · Jio Studios primary backer for Astraverse from Part 2 onwards · Dir. Ayan Mukerji · Ranbir Kapoor (Shiva) + Ranveer Singh (Dev) · Dharma stepping back from franchise IP
Brahmastra Part 3: Dev vs Shiva — Dec 2027 · Franchise culmination · Astraverse OTT spin-offs (Nandi, Pawan, Gaj Astra) in pipeline · Jal Astra targeted for theatrical
Love & War — Aug 14, 2026 · Co-produced with Bhansali Productions · Dir. Sanjay Leela Bhansali · Ranbir Kapoor, Alia Bhatt, Vicky Kaushal · 1960s period love triangle set against war
Sikhya Entertainment slate (post Feb 2026 acquisition of 50.1% for ₹150 Cr)
FinanceEstimated Market Valuation
Part of Reliance Industries (₹20 Lakh Cr+ market cap)
PARENT
Not separately valued — 100% subsidiary of Reliance Industries Limited
Corporate StructureWholly Owned Subsidiary of Reliance Industries
ListedReliance Industries (NSE: RELIANCE) listed. Jio Studios not separately listed
Revenue ReferenceNot publicly disclosed — consolidated into Reliance Media segment
CorporateOwnership & Corporate Structure
Reliance Industries Limited
Parent Company (100%)
India's largest private company by market cap
100%
Jyoti Deshpande
CEO, Jio Studios
Reports to Mukesh Ambani
Employee
Mukesh Ambani
Indirect Owner via RIL
Chairman, Reliance Industries
Majority in RIL