Paanch Fauladi is an action drama that follows the story of five friends - Ustad (Dara Singh), Raja (Raj Babbar), Dilawar Khan (Amjad Khan), (Javed Khan) and (Hemant Birje). The five friends struggle to earn livelihood, and later join hands to take revenge from the criminal who wronged their family members and destroyed many families. Will they succeed in their mission?