Mumbai, February 3, 2026 – Reliance Industries Limited (RIL) has strengthened its presence in the media and entertainment sector through its subsidiary Reliance Strategic Business Ventures Limited (RSBVL). The company has acquired a 50.1% equity stake in Sikhya Entertainment Private Limited for a total cash consideration of ₹150 crore.
The acquisition, completed on February 2, 2026, was executed through a combination of primary and secondary transactions. Sikhya Entertainment will now partner closely with Jio Studios, the media and content arm of Reliance Industries, to co-create films and series for Indian and global audiences.
Strategic Push in Content and Entertainment
With this acquisition, Jio Studios aims to deepen its content portfolio and consolidate its position as a leading force in India’s fast-growing entertainment ecosystem. The collaboration brings together Jio Studios’ scale, distribution reach, and long-term vision with Sikhya Entertainment’s strong reputation for culturally rooted and globally resonant storytelling.
Jio Studios has backed several successful and critically acclaimed projects in recent years, emerging as a key player in India’s evolving content economy.
About Sikhya Entertainment
Founded by Guneet Monga Kapoor and Achin Jain, Sikhya Entertainment is one of India’s most globally recognised production houses. It is the only Indian production company to have won multiple Academy Awards and National Film Awards.
Its Academy Award-winning projects include Period. End of Sentence. and The Elephant Whisperers. The company’s acclaimed Indian films include Masaan, Soorarai Pottru, Kathal, The Lunchbox, Pagglait, and Kill. Sikhya is also known for nurturing new filmmaking talent and producing multilingual, performance-driven content.
Leadership Commentary
Jyoti Deshpande, President – Jio Studios (Media & Content Business, RIL), said the partnership reflects Reliance’s long-term belief in creators who combine creative excellence with cultural authenticity. She highlighted that the collaboration would help Indian stories reach global audiences using Jio Studios’ scale and distribution capabilities.
Guneet Monga Kapoor and Achin Jain stated that partnering with Jio Studios would allow Sikhya Entertainment to take its stories to a wider global audience while continuing to support emerging talent across India.
About Reliance Industries Limited
Reliance Industries Limited is India’s largest private sector company, with operations spanning energy, petrochemicals, retail, digital services, renewables, and media & entertainment. For the financial year ended March 31, 2025, RIL reported consolidated revenue of ₹10.71 lakh crore and net profit of ₹81,309 crore.
Reliance is ranked among the world’s largest companies, featuring prominently in the Fortune Global 500 and Forbes Global 2000 lists.