Mukta Arts and Green Gold Animation have announced the signing of a Memorandum of Understanding (MOU) to collaborate on the development and production of animated shows and feature films based on Mukta Arts’ iconic intellectual property portfolio.
As part of its strategic expansion into animation, Mukta Arts launched SGM Animation Studio in2025 as its dedicated Animation and Games division
Under the MOU, Mukta Arts and Green Gold Animation will work together to develop multiple animated IPs inspired by landmark films from Mukta Arts’ celebrated catalogue, including *Kalicharan, Karz, Hero, Karma, Ram Lakhan, Khalnayak, Saudagar, Iqbal* and more, along with character-led spin-offs from these universes.
Commenting on the collaboration, Rajiv Chilaka, Founder and CEO, Green Gold Animation,
said “This partnership with SGM Studios allows us to apply our experience in building long-lasting
animation IPs to a truly iconic film catalogue. Together, we aim to create animated worlds that are rooted in these legendary stories, yet designed to connect with today’s young, global audiences.”
At the event, Subhash Ghai said, “America is totally dependent on our talent. They outsource to India and earn millions in the West. That’s why I liked the idea of having our animation studio. I began to do my research on how we should convert our IPs into animation. Our ex-students worked very hard. We also provide animation courses. So, we have a pool of talent as well as funds. We just needed one good associate, a diamond from the industry, who could guide us. Finally, we came across that diamond which is called ‘Walt Disney of India’ – Green Gold Animation!”
During the Q-and-A session, a mediaperson asked about the difference between working with stars and on an animation project. Subhash Ghai replied, “The difference is that when I work with a star, I have to merge his image, his style and his strength in his character. We have to take a call that ‘Yeh kaam isse nahin karana hai’. For instance, in Ram Lakhan, I can’t ask Anil Kapoor to play Ram and I also can’t ask Jackie Shroff to essay Lakhan. Can I?” The attendees said “No,” in unison. Subhash Ghai continued, “Hence, there’s an image of a star and also, they reach a saturation point
The very first movie that will be made under this collaboration is Kalicharan , whose first poster was also revealed at the press conference.
We as Audience will look forward for first look of this animated Movie
Filmyfilmindia 
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