At the 2021 Filmfare OTT Awards, Ray received 3 nominations, including Best Web Original Film and Best Actor in a Web Original Film (Bajpayee), and won Best Supporting Actress in a Web Original Film (Madan).
The four stories included as part of the anthology are:
Forget Me NotbySrijit Mukherji: Based on Ray's short story Bipin Chowdhury'r Smritibhrom (transl.Bipin Chowdhury’s Memory Loss)[5] It is about a successful entrepreneur, Ipsit Rama Nair (Ali Fazal) and an event, which changes the way his life was previously.
Bahrupiya by Srijit Mukherji: Based on Ray's short story Bahurupi (transl.Chameleon)[5][6] It is about Indrashish (Kay Kay Menon), an office employee who gets hold of a valuable book on the art of prosthetics passed down to him by his grandmother.
Hungama Hai Kyon BarpabyAbhishek Chaubey: Based on Ray's short story Barin Bhowmick-er Byaram (transl.Barin Bhowmick's Ailment)[5] It is about two people - one being Musafir Ali (Manoj Bajpayee), a popular musician and singer and the other being Aslam Baig (Gajraj Rao), a wrestler turned sports journalist who meet on a train journey and a much earlier link between them reopens.
Spotlight by Vasan Bala: Based on Ray's eponymous short story[5] It revolves around a celebrated actor, Vikram "Vik" Arora (Harshvardhan Kapoor), who is known for a particular trademark look and a kind of existential crisis that he goes through when he meets a godlike figure known as Didi. It may be considered as a simulatenous adaptation of two most renowned films directed by Satyajit Ray viz., Mahapurush o Kapurush (Didi's character) and Nayak (Vik's character). Mahapurush was actually an adaptation of the Rajshekhar Basu's short story Birinchibaba.
The Daily Star wrote that "if not associated with Satyajit Ray's name, the series would most likely have garnered a better score for its entertainment value alone."[9] Shreya Paul of Firstpost stated, "In an attempt to intellectualise Satyajit Ray through a contemporary lens, Netflix India's Ray completely alienates his humanism and effortlessness in portraying people’s vulnerabilities."[10] Taisa Bhowal from India Today wrote, "There couldn't have been a better way to celebrate Satyajit Ray's birth anniversary than to introduce the prolific filmmaker-writer to an entire generation that is perhaps unversed with his legacy."[11]
Koimoi's Umesh Punwani reviewed the series positively saying "Ray is probably the best thing to come out of India’s OTT space. A must watch for those who haven’t followed Satyajit Ray as well. This serves as bait to invite people to the ethereal world of Ray!"[12]
Avinash Singh of Live Hindustan praised the performance of the cast, stating "The length of 'Ray' is a bit jarring, but the endings of the stories are good and the actors are also able to hook you till the end of the story."[13]
Hindustan Times's Rohan Naahar wrote "Manoj Bajpayee, Harsh Varrdhan Kapoor, Ali Fazal and Radhika Madan lead a handful of excellent performers in Netflix's irreverent but inconsistent anthology, based on Satyajit Ray's short stories."[14]
