<P> At the time of its release, Devdas was the most expensive Bollywood film ever produced, with a reported budget of ₹ 50 crore (US $7.5 million). The film was a commercial success in India and abroad, becoming the highest grossing Indian film of the year . Shah Rukh Khan has bought the rights to this film under his banner, Red Chillies Entertainment . </P> <P> Despite receiving mixed reviews in India upon release, Devdas was critically acclaimed among western film critics, and is considered as one of the greatest films ever made . It was nominated for the BAFTA Award for Best Foreign Language Film and was also India's submission for the Academy Award for Best Foreign Language Film . It was ranked #74 in Empire magazine's "The 100 Best Films Of World Cinema" in 2010 . TIME magazine named Devdas as the best movie of 2002 among all the movies released around the world that year . The film was recently included in TIME's top 10 movies of the millennium worldwide . The film was screened at 2002 Cannes Film Festival, and the 2002, and 2014 International Film Festival of India in the "Devdas Section" and "Celebrating Dance in Indian cinema" section respectively . Devdas won the Filmfare Award for Best Film . The film also won five National Awards and a further ten Filmfare Awards, tied with Dilwale Dulhania Le Jayenge with the most Filmfare Awards any film had won at the time (later beaten in 2005 by Bhansali's Black). </P> <P> In the early 1900s, Kaushalya (Smita Jaykar) hears that her younger son, Devdas (Shah Rukh Khan), is about to return home after leaving 10 years ago for law school in England . Kaushalya tells her neighbor Sumitra (Kirron Kher), who is overjoyed . </P> <P> Sumitra's daughter, Parvati "Paro" Chakraborty (Aishwarya Rai) and Devdas share a deep friendship rooted in childhood . When Devdas was sent to England, Paro had lit an oil lamp to prompt his return and never allowed it to extinguish . </P>

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