In the year 1990, Lataji had launched her own production house and produced Gulzar's movie Lekin... (1990)
She went on to win her third National Film Award for Best Female Playback Singer for the song Yaara Sili Sili from Lekin…. Coincidentally, the song was composed by her younger brother Hridaynath.
During this phase, Lataji sung with almost every chart-topping singer like Sonu Nigam, S P Balasubrahmanyam, Udit Narayan, Hariharan, Kumar Sanu, Abhijeet Bhattacharya, Roop Kumar Rathod and Gurdas Maan.
Lata Mangeshkar also worked with A R Rahman and Jagjit Singh in the 1990s and had lent her melodious voice to almost every Yash Chopra film.
The songs of Hum Apke Hain Kaun…! (1994) and Dilwale Dulhaniya Le Jayenge (1995) were among her biggest hits of this time.