A businessman named Deven Gandhi approaches Subhash Nagre "Sarkar" for a real estate project over a large slum in Dharavi Mumbai. Sarkar suggests that Gandhi should offer appropriate compensation and relocate the slum dwellers. Gandhi deems that too expensive and would rather offer a smaller commission to Sarkar to force the relocation. Sarkar refuses and, when Gandhi insists that he will go to another power bastion, Sarkar asserts that he will not let Gandhi go ahead. Gandhi reports back to his Dubai-based boss Vallya. They join hands with a rival opposition leader named Govind Deshpande and plot to oust Sarkar. Sarkar's wife pleads with him to permit their grandson Shivaji "Chiku" to join him. Sarkar hesitates: the boy is hot-headed and volatile like his father Vishnu, but ultimately lets him come. Chiku immediately clashes with Gokul over various matters including whether or not to eliminate Deshpande. It is implied that Chiku's girlfriend Annu is using him to get to Sarkar because Sarkar had ordered the elimination of her father. Meanwhile, Gandhi approaches Gokul with the proposition to help him or Chiku would become the next Sarkar and Gokul will remain a servant. Deshpande plots with Gandhi and Vallya to instigate mill workers against Sarkar. Chiku is on the warpath to attack Deshpande. Sarkar tries to calculate who is behind everything. One day, Deshpande is hotly pursued and killed and Sarkar, who has long held a reputation for bumping off opposition, is blamed. Sarkar notes that whoever did this is determined and cunning and will stop at nothing. When assassins open fire on Sarkar at the Ganpati Visarjan festival, it becomes clear that Sarkar's inner circle has been breached. Chiku shows Sarkar the video of Gandhi meeting Gokul and, separately, Gokul remonstrates and says that Chiku, used by the wily Annu and his own vengeance for his father, is behind everything. Sarkar expels Chiku whereupon Chiku joins Gandhi. Vallya orders a bomb blast at the mill. Gokul reports that it was executed by Chiku, (who is now out to destroy Sarkar, and Gandhi. Around this time Sarkar's wife passes away, so Gokul beseeches Sarkar to give the order to kill Chiku. Chiku is shot at but he escapes. Gokul begins hunting him down. Gokul is, presumably, shot dead by Chiku, and Sarkar swears vengeance. Vallya arrives in India to meet Sarkar. He points out that Chiku is too inexperienced to become Sarkar and is therefore useless, and offers to help Sarkar eliminate Chiku. Sarkar discloses that Chiku was dispatched to infiltrate Gandhi by none other than Sarkar himself. He, also, reveals that it was he who ordered Gokul's killing. Annu discovers that it was Gandhi who killed her father, not Sarkar, and she shoots Gandhi, killing him. Hindsight reveals that; differences with Annu had been cleared and she was taken into confidence, and Gokul had turned to Gandhi and played a part in the mill agitation and the slum development in order to sideline Chiku, eventually hoping to become Sarkar. The objective of this hidden plan was to draw out Vallya. Chiku walks in, there is a gunshot, and Vallya is killed. With their adversaries now dead, Sarkar and Chiku sip tea while Sarkar educates the inexperienced Chiku on palace politics.
In 2009 Ram Gopal Varma stated that he had no plans finalised for the third instalment in the series and shelved Sarkar 3. However, in 2012 it was reported that the sequel would go ahead once again and currently is in the pre production stage where the script is being written. The film is expected to go on floors at the end of 2013, primarily with the same cast of Amitabh and Abhishek Bachchan although his character dies at the end of this film and also Aishwarya Rai is to be left out. In August 2016 director Ram Gopal Varma confirmed Sarkar 3. He told on his Twitter that Abhishek and Aishwarya will not be a part of the third installment.
Soundtrack
The soundtrack was released by Eros Now Music. The music has been composed by Rohan Vinayak and Ravi Shankar. The full soundtrack was released on 3 May 2017 and has seven songs.
