Kashyap, whose Dev D was recently produced by UTV, will work on delivering the movies over the next three years.
He said in a statement: "Making Dev D was one of the most satisfying experiences and the production and distribution support that I got from UTV was the best I ever had. A repeat of that is always welcome."
UTV Motion Pictures CCO Vikas Bahl said: "Anurag is an extremely talented director, with a unique vision. There is a clear connect between how we want each of our films to be exceptional and diverse in various aspects and how Anurag treats each of his projects."
Dev D, which was released in February, starred Abhay Deol and Mahi Gil.