Wanted: Dead or Alive is an action crime drama. The movie follows the story of an honest forest officer named Vikram (Mithun Chakraborty), who lives happily with his wife. However, his life takes a turn, when his wife gets murdered and he is falsely accused of murdering her. He gets arrested and is forced to serve his time in jail. Later, when he returns after serving his time in prison, a woman named Neeta (Tina Munim) suspects him of being the murderer of her father. Will Vikram ever be able to make things right for himself?