Phantom is an action thriller that unfolds across various countries around the world. The plot revolves around protagonist Daniyal, whose journey to seek justice takes him from India to Europe, America and the volatile Middle East. However, he finds out that in a mission like this, there is always a price to pay, in this case, a very personal price.

The iron-fisted Akhandanand Tripathi is a millionaire carpet exporter and the mafia don of Mirzapur. His son, Munna, is an unworthy, power-hungry heir who will stop at nothing to inherit his father’s legacy. An incident at a wedding procession forces him to cross paths with Ramakant Pandit, an upstanding lawyer, and his sons, Guddu and Bablu. It snowballs into a game of ambition, power and greed that threatens the fabric of this lawless city.