MASHAAL is a story about Vinod (Dilip Kumar) an honest, fearless editor of an outspoken newspaper, Raja (Anil Kapoor) a man from the slums who takes to black marketing to make his living and Vardhan (Amrish Puri) who is a powerful and respected figure of the city whose cloak of respectability hid all the social evils. In an attempt to combat Vardhan, life ends up differently for Vinod and Raja.
Mashaal
A chain of events changes Vinod's life - from honest journalist to black marketer to an underworld Don and a Racketeer in order to combat Vardhan.