Khiladi is an action mystery drama. The movie revolves around four friends - Raj (Akshay Kumar), Boney (Deepak Tijori), Neelam (Ayesha Jhulka) and Sheetal (Sabeeha), who go to the same college and prank everyone. Raj and Boney are habitual gamblers and often bet to extort money, but now they decide to gamble for a bigger amount. The four friends decide to prank Sheetal’s father, by pretending to kidnap her and ask for the ransom. However, things take a complicated turn when Sheetal is murdered and the trio become the prime suspect. Will the three friends be able to prove their innocence?