Reliance Industries has made a significant strategic move in the entertainment sector through its subsidiary's acquisition of a majority stake in Oscar-winning production house Sikhya Entertainment. The deal, completed on February 2nd, 2026, positions Jio Studios to further consolidate its leadership in India's evolving content economy.

Strategic Acquisition Details

Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Limited, acquired the stake through a combination of primary and secondary transactions. The acquisition enables Jio Studios, the media and content arm of RIL, to strengthen its pre-eminent position in the media and entertainment sector.

Sikhya Entertainment's Financial Performance

Sikhyaa Entertainment Private Limited, incorporated on April 1st, 2008, has demonstrated consistent revenue growth over recent years. The company's financial trajectory reflects its strengthening position in the entertainment industry.

Sikhya Entertainment's Distinguished Track Record

Sikhya Entertainment stands as India's most globally recognized production house, holding the unique distinction of being the only Indian company to win both Academy Awards and multiple National Film Awards. Founded by Guneet Monga Kapoor and Achin Jain, the company has redefined Indian storytelling on the world stage over the past decade.

The production house's Academy Award wins include:

• Period. End of Sentence (Best Documentary Short Subject)
• The Elephant Whisperers (Best Documentary Short Film)

Its National Film Award-winning portfolio encompasses:

• Masaan (Hindi)
• Soorarai Pottru (Tamil)
• Kathal (Hindi)

Sikhya's multilingual slate includes acclaimed titles such as The Lunchbox, Masaan, Pagglait, Kathal, and Kill, demonstrating its commitment to discovering and championing new talent across the Indian film industry.

Jio Studios' Content Leadership

Jio Studios has established itself as a significant force in India's entertainment ecosystem over the past seven years, producing over 150 films and web series. The studio's diverse portfolio has garnered more than 450 awards in India and internationally, with 55 films and web series contributing to this achievement.

Strategic Partnership Vision

The collaboration brings together Jio Studios' scale, reach, and long-term vision with Sikhya Entertainment's proven track record of globally resonant, culturally rooted storytelling. According to Jyoti Deshpande, President of Jio Studios, the partnership reflects a long-term belief in partnering with creators who combine creative excellence with cultural authenticity.

Guneet Monga Kapoor and Achin Jain of Sikhya Entertainment emphasized their belief in storytelling's power to connect people across cultures, geographies, and languages. They highlighted how the partnership with Jio Studios will enable them to take stories to global audiences while empowering emerging talent from across the country.

Company Performance Context

Reliance Industries Limited reported consolidated revenue of INR 10,71,174 crore (US$ 125.3 billion), cash profit of INR 1,46,917 crore (US$ 17.2 billion), and net profit of INR 81,309 crore (US$ 9.5 billion) for the year ended March 31, 2025. The company currently ranks 88th in Fortune's Global 500 list and 45th in Forbes Global 2000 rankings for 2025.

The High Court has permitted the government to proceed with pursuing a substantial $3.86 billion claim against Reliance Industries , marking a significant development in what represents a major financial dispute involving one of India's largest conglomerates. This judicial decision allows the government to move forward with its recovery efforts in this high-value case.

Court Decision

The High Court's permission represents a crucial milestone in the legal proceedings, as it enables the government to actively pursue its substantial financial claim against the company. The court's decision to allow the government to proceed indicates that the initial legal requirements and procedural standards have been met.

Legal Implications

The court's permission to pursue the claim establishes the legal framework for the government to proceed with its recovery efforts. This development suggests that the government's petition met the necessary legal criteria for the court to allow the case to move forward through the judicial process.

Financial Significance

The $3.86 billion claim represents a substantial financial matter that could have significant implications for both parties involved. The High Court's decision to permit the government to pursue this claim sets the stage for what could be a lengthy legal process to resolve this major financial dispute.

The proceedings will now move into the next phase as the government exercises its court-granted permission to actively pursue the substantial claim against Reliance Industries through the established legal channels.