AnalysisBoxoffy Intelligence
Boxoffy · Box Office Intelligence · Updated March 2026
Subaskaran is a UK telecom billionaire who uses film production as a passion project with no budget ceiling. 2.0 (₹550 Cr budget) and Ponniyin Selvan (₹400+ Cr combined) are films no other Indian studio would fund. L2: Empuraan (2025) is the biggest Malayalam film since KGF2-era 2022. Co-producing Jana Nayagan (Vijay's final film, Dir. H. Vinoth) means Lyca will have backed both Rajinikanth and Vijay's defining late-career films — but Jana Nayagan is currently indefinitely delayed due to CBFC certification issues, with no confirmed release date as of Mar 2026.
Boxoffy Note
Lyca's financial patience is unique — willing to back ₹500 Cr projects where the break-even is 3+ years away, which is why Mani Ratnam and SS Rajamouli keep coming back.
ProfileStudio Profile
Founded
2012
Founder
Subaskaran Allirajah
Current Head
Subaskaran
Headquarters
Chennai
Languages
Tamil · Telugu · Hindi
Tier
MAJOR
OTT Partner
JioHotstar
FilmographyKey Films
Ponniyin Selvan 1 & 2
2.0
L2: Empuraan
Vettaiyan (co-prod)
Active IPFranchises & Cinematic Universes
Ponniyin Selvan
Pipeline2026 Slate & Upcoming
Jana Nayagan — TBA 2026 (delayed — CBFC censorship issues) · Vijay's final film before entering politics · Dir. H. Vinoth · Co-produced with KVN Productions · Originally targeted Pongal 2026 · Indefinitely delayed due to certification complications · Release date not confirmed as of Mar 2026
FinanceEstimated Market Valuation
₹1,000–2,500 Cr
ESTIMATED
Estimated · PS1+PS2 IP + 2.0 + L2: Empuraan; films funded as strategic investments by Subaskaran
Corporate StructurePrivate Limited Company (UK-registered parent)
ListedNo — private. Lycamobile Group (UK) is the parent entity
Revenue ReferenceNot disclosed. Films funded as passion projects — no return requirements
CorporateOwnership & Corporate Structure
Subaskaran Allirajah
Sole Owner
UK telecom billionaire; founder of Lycamobile Group (revenue £2.5B+)
~100%