Kids
Funskool acquires licence to manufacture Chhota Bheem
Mumbai: Indian domestic toy manufacturer Funskool India has acquired the licence to manufacture and distribute the action figure Chhota Bheem and other seven characters from the famed cartoon animation series.
Funskool has obtained the licence to launch the series of action figures from Green Gold Licensing & Merchandising India.
Green Gold Animation, which creates original Indian animation content has over the years transcended and established itself in licensing and merchandising, movie production and distribution, digital business, retail stores and events.
The parties state that this move proves that India is moving towards being “Atma Nirbhar” in manufacturing of quality toys. Funskool said that it has been leading the way in pro-actively and consciously choosing to promote the “Make-In-India” programme and the acquisition of Chhota Bheem & Friends has been a step in the right direction.
Funskool India CEO R Jeswant said, “We are excited to add Chhota Bheem to our well established manufacturing and distribution capabilities. Our existing scale and distribution network establishes an ideal platform to achieve the full potential of Chhota Bheem in India and will address the significant unmet needs of the portfolio of products.”
Green Gold Animation executive director & COO Samir Jain said, “When it comes to manufacturing high quality and toxin free toys for children, there is no substitute for Funskool in India. We are immensely pleased with licensing Funskool India with manufacturing and distributing Chhota Bheem and another seven action figures. With its expansive distribution network prowess, we are confident that Chhota Bheem Action figures will reach to every child in the country.”
Kids
Mukta Arts and Green Gold ink MOU to animate iconic film IPs
Kalicharan, Karz, Hero, Karma, Ram Lakhan to spawn animated shows plus features.
MUMBAI: When classic hindi movie meets animation, the result is a fresh reel of nostalgia with a cartoon twist. Mukta Arts Ltd. and Green Gold Animation have signed a Memorandum of Understanding (MOU) to collaborate on animated shows and feature films drawn from Mukta Arts’ four-decade treasure trove of iconic IPs. The partnership taps Mukta’s SGM Animation Studio launched in 2025 as its dedicated animation and games arm and Green Gold’s proven track record in building scalable, homegrown franchises. Creative teams from both sides have already kicked off discussions, with the first project currently in development.
The slate will draw inspiration from landmark Mukta films including Kalicharan, Karz, Hero, Karma, Ram Lakhan, Khalnayak, Saudagar and Iqbal, plus character-led spin-offs from those universes. The aim is to reimagine these stories for today’s young, global audiences while preserving their emotional core.
Green Gold Animation (home of Chhota Bheem) founder and CEO Rajiv Chilaka 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.”
Mukta Arts Ltd. filmmaker and founder Subhash Ghai added, “Mukta Arts has always believed in creating stories with lasting emotional value. Through animation, we are extending our IP into a new medium for the next generation.”
In an industry where timeless tales never go out of fashion, this collaboration promises to bring beloved characters back to life with a modern, animated glow proving that some stories are too good to stay in live-action. Stay tuned for the first animated frame to drop.
