Arjun's perfume, Alive, is produced by Drom Fragrances International, and will be available in two different scents to begin with.
The perfume line will be distributed by Baccarose, a distribution chain responsible for brands like Burberry, Cartier, Caroline Herrera, Azzaro, Elizabeth Arden, Ferrari and Prada.
So far, only two other Bollywood actors -- Amitabh Bachchan and Shah Rukh Khan -- have perfumes to their credit, handpicked, manufactured and marketed by them.
It took Arjun more than six months to select the fragrance for his perfume.
"Selecting a fragrance for a perfume is an extremely time-consuming and tough task.It took me six months to do so. One can't allot more than three hours a day to savouring scents because after that your sense of smell goes for a toss, " said Arjun.
"I had to continue trying the fragrance and in between I had to dunk my head into pots of coffee to stop my olfactory senses from shutting down. But you know what? It's finally all been worth it, " he added.
After Arjun had finally shortlisted the fragrances, he invited all his friends from the film industry for a smelling party.
"Unanimaously, they all liked the best the two fragrances that I had selected. Those are the two scents that have gone into the two perfumes that I am putting out, " said Arjun.
When asked about the poor success ratio of Bollywood's denizens in the field of fragrance, he said: "I've done my best. Picked the scents that I think are unique and likable. I personally am very fond of perfumes. I think they give every individual a sense of confidence and an identity. I am hoping to increase my range of perfumes in the coming months."