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Animation companies in India are named the fastest-growing individual country market in Asia by Mordor Intelligence, backed by a wave of state-level policy commitments that didn’t exist five years ago. Maharashtra’s AVGC-XR Policy (2025) alone commits ₹3,268 crore targeting 200,000+ jobs — the largest state-level animation/VFX investment in Indian history — and 13 Indian states are now drafting similar AVGC-XR policies (Storyboard18, 2025).
This directory lists verified animation companies headquartered in India — spanning 2D and 3D feature animation, television series, and outsourced production for global platforms. Use the filters to narrow by service type and studio size, then connect directly with studio contacts through Vitrina’s B2B platform.
- 1India is named Asia’s fastest-growing individual animation market by Mordor Intelligence (2025)
- 2Maharashtra’s AVGC-XR Policy (2025) commits ₹3,268 crore, targeting 200,000+ jobs — the largest state-level commitment in Indian history; Madhya Pradesh separately targets ₹2,000 crore with a 25% capex subsidy
- 3Green Gold Animation (Hyderabad, founded 2001) created the Chhota Bheem and Krishna franchises, streaming globally on Netflix as Mighty Little Bheem
- 4Toonz Animation (Thiruvananthapuram) produces roughly 10,000 minutes/year of 2D/CGI content for Disney, Netflix, Nickelodeon and Amazon
- 5Paperboat Design Studios (Mumbai, founded 2011) had its 2D animated feature Bombay Rose premiere at the 2019 Venice Film Festival; Singapore’s Vistas Media Capital acquired a majority stake in 2021
Quick Answer
Top animation companies in India include Green Gold Animation (Hyderabad — Chhota Bheem), Toonz Animation (Thiruvananthapuram — ~10,000 min/year for Disney and Netflix), and Paperboat Design Studios (Mumbai — Bombay Rose, Venice 2019). India is Asia’s fastest-growing individual animation market, backed by state policies like Maharashtra’s ₹3,268 crore AVGC-XR commitment. Use the directory below to filter by service type and connect directly with studios.
India’s Animation Industry in 2026
India’s animation companies have moved through three distinct eras: a 1990s-2000s wave of large outsourcing houses (DQ Entertainment in Hyderabad, Crest Animation in Mumbai) that built the country’s early reputation but both eventually closed — DQ Entertainment filed for bankruptcy in 2020 amid unpaid-wage allegations; a mid-2010s consolidation around IP-owning studios like Green Gold Animation; and the current, policy-backed growth phase defined by state AVGC-XR (Animation, Visual Effects, Gaming, Comics, Extended Reality) commitments.
Key Stat
Madhya Pradesh’s AVGC-XR Policy (2025) targets ₹2,000 crore in investment, 20,000 jobs, and 150 startups by 2029, backed by a 25% capex subsidy (up to ₹30 crore) and direct employment incentives of ₹3,000 per employee per month (AnimationXpress, 2025).
That history matters for buyers: India’s studio landscape has genuinely churned, and studios that were prominent outsourcing partners a decade ago may no longer exist. Verify a studio’s current operating status and recent production credits before committing, rather than relying on reputation built years ago.
Top Animation Companies in India — Full Directory
The companies below are verified animation studios headquartered in India, sourced live from Vitrina’s global entertainment company database. Filter by service specialty, studio size, and location. Click any company card to view the full profile, contact details, and past production credits.
Reliance Entertainment
Prime Focus Limited
Yash Raj Films
Reliance Animation
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India’s Animation Hubs: Hyderabad, Kerala & Mumbai
Hyderabad is India’s leading IP-driven animation hub — Green Gold Animation (founded 2001) built the Chhota Bheem and Krishna franchises here, now streaming globally on Netflix as Mighty Little Bheem. Hyderabad was also home to DQ Entertainment, once one of the world’s largest content production houses by headcount (3,500+ production staff) before its 2020 closure.
Thiruvananthapuram, Kerala anchors India’s high-volume outsourcing capacity. Toonz Animation produces roughly 10,000 minutes of 2D/CGI content annually for Disney, Netflix, Nickelodeon and Amazon — among the highest throughput of any single Indian studio.
Mumbai combines commercial production with growing feature ambitions. Paperboat Design Studios (founded 2011) produced Bombay Rose, a 2D animated feature that premiered at the 2019 Venice Film Festival — a rare arthouse credit for an Indian animation studio — and now operates under Singapore’s Vistas Media Capital following a 2021 majority-stake acquisition.
State AVGC-XR Policies Driving Growth
India’s animation growth is now explicitly policy-driven at the state level. Maharashtra’s AVGC-XR Policy (2025) commits ₹3,268 crore targeting 200,000+ jobs over 25 years — the largest single state-level commitment in Indian VFX/animation history, with dedicated incentives, land reservations, and infrastructure upgrades. Madhya Pradesh’s parallel policy targets ₹2,000 crore, 20,000 jobs and 150 startups by 2029, backed by a 25% capex subsidy (up to ₹30 crore) and ₹3,000/employee/month direct incentives. With 13 states now drafting similar frameworks, buyers evaluating India should expect meaningfully different incentive terms depending on which state a studio operates from — not just which city.
Conclusion
Animation companies in India are entering their most policy-supported growth phase yet, with state-level AVGC-XR commitments now running into thousands of crores and 13 states competing for investment. That growth sits on top of a studio landscape that has genuinely turned over — today’s leading names (Green Gold, Toonz, Paperboat) are not the same companies that defined the industry a decade ago. For international buyers, that makes current, verified studio status more important in India than in almost any other market covered in this series.
Use the directory above to explore verified options, compare credits, and connect directly — no intermediaries required.
Related Reading
Frequently Asked Questions
What are the top animation companies in India?
Leading animation companies in India include Green Gold Animation (Hyderabad — Chhota Bheem), Toonz Animation (Thiruvananthapuram — ~10,000 min/year for Disney and Netflix), and Paperboat Design Studios (Mumbai — Bombay Rose, Venice 2019).
What happened to DQ Entertainment and Crest Animation?
Both were prominent Indian animation outsourcing studios that have since closed. DQ Entertainment (Hyderabad, once 3,500+ production staff) filed for bankruptcy in 2020 amid unpaid-wage allegations; Crest Animation (Mumbai) has also ceased operations.
What government support exists for animation companies in India?
Maharashtra’s AVGC-XR Policy commits ₹3,268 crore targeting 200,000+ jobs; Madhya Pradesh targets ₹2,000 crore with a 25% capex subsidy. 13 Indian states are drafting similar AVGC-XR policies.
Vitrina Intelligence
India Animation Market Research · B2B M&E Data Platform
Updated Jul 2026
This directory was compiled by Vitrina’s India M&E intelligence team, drawing on Mordor Intelligence, Storyboard18, AnimationXpress, and direct studio and production credit records.
Research Methodology
✓ Mordor Intelligence market sizing
✓ AVGC-XR state policy documentation
✓ Storyboard18 / AnimationXpress industry reporting
✓ Direct studio submissions
✓ Production credit verification
India M&E Market
