Riona is a joint venture established between two Italian winemakers (Terre Cortesi Moncaro and Cantina Enzo Mecella) and the entrepreneur K T Mane. They have completed a winery in Sangli, and in 2009 began importing bulk wine from the Marche region of Italy. This was then bottled at Sangli and issued under the Riona name.

Additionally, Riona plans to begin wine production in India in 2011. Initially they will buy grapes from contract farmers but they have also bought land where they are trialing a number of different varietals.