Production Studio

Phantom Studios

Phantom Studios (formerly Phantom Films) has been shaking things up in Bollywood since 2011, when four visionary filmmakers—Madhu Mantena, Anurag Kashyap, Vikas Bahl, and Vikramaditya Motwane—joined forces to create what became known as the "directors' company." Their debut, Lootera (2013), set the tone for what was to come: quality cinema with an artistic edge. From there, the studio went on a hot streak with back-to-back winners like Queen (which snagged the National Film Award for Best Feature Film in Hindi), Udta Punjab, and the massive sports drama 83—proving they could deliver both critical acclaim and box office gold. By 2015, Reliance Entertainment had taken a 50% stake, giving the studio serious firepower to realize even bigger ambitions. What makes Phantom Studios special is their commitment to daring, unconventional storytelling that refuses to play it safe. They're known for backing films that push boundaries—whether it's gritty thrillers like Ugly and NH10 or narratives that tackle real social issues head-on. Their recent work includes the well-received Amazon Prime series Jubilee and the 2025 romantic comedy Loveyapa, showing they're evolving beyond traditional films into the streaming space. Under CEO Srishti Behl's leadership since 2022, Phantom Studios continues to champion bold content that resonates with modern audiences, cementing their reputation as one of Bollywood's most exciting and forward-thinking production houses.