Dibakar, who has made films like "Khosla Ka Ghosla", "Oye Lucky! Lucky Oye!" and "Love Sex Aur Dhokha", is happy with the association and thinks of it as a promising and exciting venture.
"This is new, promising and exciting. Adi (Aditya Chopra) and I have different and individualistic creative visions while sharing a tremendous synergy in our ambition to take Indian cinema to new milestones at home and abroad.
"We decided to embark on this venture almost immediately after our very first meeting," Dibakar said in a statement.
While specifics of the slate are still being decided, the arrangement entails that two of the films will be directed by Dibakar and the third by his long-time associate and the writer of "Love Sex Aur Dhokha", Kanu Behl.
"Given my style of filmmaking and YRF's tremendous presence, reach and experience, this association will merge our respective expertise to create really trendsetting yet entertaining content for a really wide audience," Dibakar added.