The East India Company came as traders but now rule India. Some like Azaad (Amitabh Bachchan) choose a life of a rebel and face certain death if captured, rather than bow to a life of slavery. Others like Firangi (Aamir Khan) would sell their mother for a profit, their only master is money.

When Firangi is enlisted to deliver Azaad in to the jaws of death by John Clive (Lloyd Owen) for the Company, Firangi sets out to pull off the biggest Thug (Con) of his life, facing his most worthy adversary yet.

The Tamil and Telugu versions of the film grossed 5.75 crore nett.