The Ba***ds of Bollywood

Aasmaan Singh lives in Mumbai with his friend Parvaiz and uncle Avtaar Singh, a former playback singer. His debut film, produced by Freddy Sodawallah’s company, becomes a hit. Aasmaan’s parents, Rajat and Neeta Singh, visit from Delhi to celebrate. At a party, Aasmaan meets actor Ajay Talvar. His manager, Sanya Ahmed, pitches him to Karan Johar for a film role, but Freddy pressures Aasmaan into signing a three-film deal. At a roundtable conference hosted by Sanjeev, Aasmaan insults Karishma Talvar, Ajay’s daughter, for her industry connections, causing tension with Ajay. Impressed by Aasmaan’s boldness, Karan offers him the role.

Aasmaan, Sanya, and Parvaiz meet Freddy and encounter Jaraj Saxena, who has been sidelined for 15 years after signing with another producer. Freddy initially supports Aasmaan’s work with Karan but later urges him to cancel. At Dharma Productions, Aasmaan learns Karishma is the female lead and apologizes for his earlier remarks, but a reporter’s comment sparks a scene. Aasmaan signs a commercial to fund his father Rajat’s liver transplant. Rajat advises him to stay resilient. Ajay disapproves of Aasmaan’s casting opposite Karishma. When Freddy pressures Aasmaan to abandon Karan’s project, Aasmaan cancels the three-film deal and leaves.

Aasmaan, Parvaiz, Sanya, Karishma, and her bodyguard Sukhi travel to Goa to rehearse intimate scenes. The intimacy coach is replaced by Emraan Hashmi, who struggles to train them. Ajay monitors Karishma through Sukhi. After failing to perform, Aasmaan and Karishma are locked on a balcony, where they bond and improve their acting, impressing Hashmi. The next day, Aasmaan performs a Heimlich maneuver when Karishma chokes on a fishbone, and the incident goes viral, causing a scandal. Karishma’s brother Shaumik embarrasses the family by publicizing the news. Karishma explains the situation to her parents. Freddy assigns lawyers against Aasmaan, but Parvaiz’s friends force Freddy to sign a new deal. Ajay refuses Freddy’s request for help, unwilling to work with him if Aasmaan joins Karan’s film.

Aasmaan and his friends celebrate when Parvaiz secures a new deal from Freddy, though they overlook his coercive methods. Freddy faces challenges as Ajay refuses to work with him due to Aasmaan’s involvement in Karan’s film, threatening Sodawallah Productions. Karan approaches Aasmaan and Avtaar for his movie. Ajay grows concerned about Karishma’s friendship with Aasmaan and invites him home to rehearse but becomes uneasy with the script’s intimate scenes. At Karishma’s birthday party, her boyfriend Sameer proposes under pressure from Ajay, and she reluctantly accepts. Aasmaan leaves the party upset. Karishma, learning Ajay orchestrated the proposal, questions Aasmaan about his feelings, but he is kidnapped by goons before responding.

Aasmaan is taken to meet Ghafoor Ismail, an underworld don. Jaraj Saxena obtains a video of the meeting and uses it to strike a deal with Freddy to ruin Aasmaan’s career. Freddy leverages the video to convince Ajay to sign a film with him in exchange for removing Aasmaan from Karan’s project. The video leads to Aasmaan’s removal from the film. Karishma suspects Ajay’s involvement but he denies it. She visits Aasmaan but misinterprets seeing him with another woman as him moving on. Meanwhile, Rajat undergoes a liver transplant, but his body rejects it, and he passes away.

Aasmaan attends the Filmfirst Awards with his family, where he is nominated for Best Actor. Karishma discovers Ajay’s role in removing Aasmaan from Karan’s film. Aasmaan wins the award and delivers a speech. Backstage, Karishma reveals Ajay’s actions, leading Aasmaan to confront and punch Ajay, sparking a public scandal. Karishma challenges Ajay over his interference and expresses her desire to be with Aasmaan. Ajay locks her in a study, but she contacts Aasmaan, confessing her feelings. Aasmaan and Parvaiz rescue Karishma from Ajay’s house.

Aasmaan and Karishma plan to marry, but Ajay intercepts them before they can sign the marriage papers, leading to a confrontation. Neeta reveals that Aasmaan and Karishma are half-siblings from her past affair with Ajay, halting their plans. Aasmaan and Karishma agree to remain friends and part ways. Aasmaan and his team partner with Ghafoor Ismail to produce more films. Meanwhile, Jaraj, Freddy, and Jeejeebhoy orchestrate a meeting between Neeta and Ajay, blackmailing them to star in a new Sodawallah Productions family drama series titled The Bastards of Bollywood, including Aasmaan and Karishma.