The movie, which also features Neha Sharma, has been scheduled for the special day especially in tune with its romantic comedy theme.
"We are happy to announce our next venture 'Jayanta Bhai Ki Luv Story' will release Feb 14, 2013. Since the film is a heartwarming gangster's love story, we found Valentine's Day to be ideal for the release of the film," producer Kumar Taurani said in a statement.
The light-hearted comedy is directed by Vinnil Markan.
Describing the movie, he said: "(It is) a film about how we fall in love unknowingly with people we least expect to. It isn't a westernised clone but a true Indian rom-com that's light hearted, sensitive and entertaining".