Ishqiya is a black comedy-drama. The movie revolves around two criminals named Iftikhar aka Khalujan (Naseeruddin Shah) and Razzak Hussain aka Babban (Arshad Warsi). The two are on the run from their boss, Mushtaq (Salman Shahid), who wants to kill them. They decide to go to their old friend, Vidyadhar Verma (Adil Hussain), but find out that he is dead and instead meet his widow Krishna (Vidya Balan). Soon the two fall for Krishna. However, Krishna has her secret goal, and she seduces them to use them to her advantage.