"Successful budgets, unique stories and great talent - promise to deliver that in this new phase as a producer," Mehta, who has named his banner Karma Pictures, tweeted Monday.
The preparation for his first production is on.
"Casting by @CastingChhabra (Mukesh Chhabra) & my dedicated crew in direction and production are killing it. Karma Pictures, my production company begins its innings with a film starring @BajpayeeManoj, @RajkummarRao and written by @Apurvasrani," he added.
The film is reportedly about a case of a homosexual professor.