[4] Another subsidiary of the studio was created in November 2018, called Dharmatic Entertainment, which produces film and television content for online distribution platforms.

Both of these films earned widespread critical acclaim and emerged as major commercial successes, ranking as the top domestic and overseas earners in their respective release years.

Dharma's next release was Tarun Mansukhani's commercially successful romantic comedy Dostana (2008) starring Abhishek Bachchan, John Abraham, and Priyanka Chopra.

[21] Dharma's first release of 2018 was Meghna Gulzar's spy thriller Raazi starring Alia Bhatt and Vicky Kaushal, based on Harinder Sikka's novel Calling Sehmat.

Later that year came Shashank Khaitan's romance Dhadak (2018), which launched the careers of lead actors Ishaan Khatter and Janhvi Kapoor.

[22] In 2019, Anurag Singh's Kesari, a period drama based on the Battle of Saragarhi, starring Akshay Kumar and Parineeti Chopra in lead roles.

[24] In 2024, Adar Poonawalla, CEO of Serum Institute of India, acquired a 50% stake in Karan Johar’s Dharma Productions for approximately ₹1000 crore.

[29] In September 2019, Dharmatic Entertainment signed a multi-year exclusive content deal with Netflix India under which the studio would develop and produce a range of fictional and non-fictional series and films for the streaming platform, which would be released as originals.