Co-produced by Pritish Nandy Communications and Daily Multimedia Ltd, the romantic comedy also features Gul Panag and Purab Kohli.
Director Rajat Kapoor feels the movie will prove to be a mass entertainer.
"This script has been with me for about three years and I have always felt that this might be the most commercial film that I have done so far, " Kapoor said in a statement.
"Once in a while you get tickled by an idea that has the potential to be liked by a huge number of people. I believe, 'Fatso' has that potential, " he added.
"Fatso" has already been part of several international festivals including the South Asian International Film Festival in New York, Indian Film Festival of Los Angeles and Shanghai International Film Festival.