THIS FILM IS SAID TO BE BASED ON THE REAL LIFE STORY OF 'DAWOOD IBRAHIM' & HIS ASSOCIATE 'CHOTTA RAJAN' PLAYED BY MALLIKBHAI (AJAY DEVGAN) & CHANDU (VIVEK OBEROI) IN THE FILM. INITALLY MALLIK BHAI WAS WORKING UNDER THE AEGIS OF THE ASLAM BHAI GANG (MADAN JOSHI). BUT AS THE BUSINESS WAS GROWING, MALLIK HAD TAKEN OVER THE BUSINESS AND ALL THE RESPONSIBILITIES OF ASLAM BHAI. HE INTRODUCED CHANDRAKANT AKA CHANDU IN HIS GANG. CHANDU WAS WORKING EXTREMELY WELL & WAS VERY SHARP MINDED. MALLIK WAS VERY HAPPY WITH HIS WORK AND THE WAY HE WAS WORKING. ONE DAY, MINISTER RAHUTE (BHARAT DABHOLKER) GIVES A CONTRACT TO MALLIK BHAI TO KILL THE HOME MINISTER. MALLIK GIVES THE WORK TO CHANDU. THEY PLAN IT AS AN ACCIDENT. BUT BEFORE DOING ANYTHING, CHANDU SEES THAT HIS TWO CHILDREN ARE ALSO THERE WITH THE MINISTER. CHANDU TERMINATES THE MISSION IMMIEDIATELY AS IT IS AGAINST HIS ETHICS TO KILL SMALL CHILDREN. BUT MALLIK GIVES AN ORDER TO ANOTHER PERSON AND MAKES THE MISSION SUCCESSFUL. AFTER THAT A LONG ARGUMENT TAKES PLACE BETWEEN CHANDU AND MALLIK'S ACCOCIATES IN FRONT OF MALLIK. MALLIK ULTIMATELY SAYS THAT THE COMPANY CAN RUN WITHOUT CHANDU ALSO. AFTER THIS A GREAT MISUNDERSTANDING EMERGES BETWEEN CHANDU AND MALLIK. CHANDU DECIDES TO FINSH OFF THE COMPANY ON HIS OWN BUT GETS CAUGHT BY THE MUMBAI POLICE & BECOMES AN INFORMER INORDER TO DESTROY THE COMPANY. COMPANY POWER IS DECREASING SLOWLY BUT LATER ON CHANDU & MALLIK BECOME FRIENDS ONCE AGAIN THOUGH CHANDU IS NOW IN JAIL. BUT IN THIS MISUNDERSTANDING, CHANDU'S ASSOCIATE KODA SINGH (VIJAY RAAZ) SHOOTS MALLIK IN THE NAME OF REVENGE.