Gupta took to Twitter to share the news and said he will direct one and produce the other film under his banner.
"White Feather Films will soon be announcing the next two films. I will be directing one and producing the other. Both have killer titles," he said.
"Jazbaa", which marks the comeback of Aishwarya after Sanjay Leela Bhansali's 2010 drama "Guzaarish", also stars Irrfan Khan, Shabana Azmi, Abhimanyu Singh, Atul Kulkarni and Chandan Roy Sanyal.
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