The film stars Mammootty in the lead role along with a supporting cast of Soubin Shahir, Sreenath Bhasi, Shine Tom Chacko, Farhaan Faasil, Sudev Nair, Nadhiya Moidu, Dileesh Pothan, Jinu Joseph, Harish Uthaman, Nedumudi Venu, KPAC Lalitha, Veena Nandakumar, Srindaa, Lena, and Anagha.

Bheeshma Parvam was released on 3 March 2022 and received positive reviews from critics who praised the cast performances (especially Mammootty, Soubin Shahir and Shine Tom Chacko), direction, screenwriting, action sequences, cinematography, and music, but criticised its pace and runtime.

In the late 1980s, Michael has been handling his family, one of the wealthiest ones in Kochi, and its business after his eldest brother Paily's death as Mathai, the second sibling is inept.

Their anger for Michael causes Peter, Paul, James and Simon to team up against him and put an end to his dominance over the rest of the family.

The affair between Rachel and Ami is divulged to the family leading to a discussion, where Martin clearly refuses to allow their wedding, but Michael vows to unite them keeping the tradition what his parents Varkey and Annamma did, when Paily had married Fathima.

While returning home from Susan's flat, a gang of thugs instructed by Rajan brutally attack Michael and his men, which results in Shivankutty's death.

Upon being instructed by Michael, Ajas kills Martin by driving a truck over him and later meets James, where he gives him a file that exposes all of his illegal activities.

[28][29] Sajin Shrijith of The New Indian Express stated that "Sushin Shyam's instantly immersive music alternates between various genres, from classical to contemporary and, at one point, evokes one of the spaghetti-western scores of Ennio Morricone".

[30] The critic Veeyen[31] wrote, "Sushin Shyam's arresting musical score leaves an extensive impression, and the upbeat track Parudeesa stands out from among the lot".

[b] Grossing over ₹86 crore (US$9.9 million) Bheeshma Parvam emerged as the fourth-highest-grossing Malayalam film of all time in both the worldwide and domestic box office.

Some traits are suggested through subtle and clever flourishes, like when Shine Tom Chacko's character Peter reveals his true feelings for a male actor".

[40] Anna M. M. Vetticad of Firstpost rated the film 3.75 out of 5 stars and wrote, “Bheeshma Parvam resides somewhere on the cusp between the Malayalam New New Wave that has taken India by storm during the pandemic and the conventional commercial cinema that continues to get an audience in Kerala.

It's okay.” [41] Deepa Soman of The Times of India rated 3.5 out of 5 and wrote "Right from the beginning, the film is careful enough to set its pace balanced and engaging, even as it organically establishes the characters, along with their backgrounds, place in the family tree and more with ease.

Mammootty pleases as the invincible hero through his towering presence, body language, punch dialogues, stunts and more, giving those seeking entertainment enough moments to feel enthralled.

The treatment of the story has ensured that the women characters in it respectfully portrayed and a special attention to be politically correct, rightly so, is evident and laudable".

SR Praveen of The Hindu stated "All these characters still do not help paper over the fact that much of the basic story lacks any novelty.

Until the last half an hour, Amal builds the film and Michael's character patiently in an unhurried pace that the audience can't be blamed for expecting it all to burst out like a dam towards the end.

[42] Sowmya Rajendran of The News Minute gave 4 out of 5 stars and wrote "The major players get their own ‘mass’ introduction scenes, and how heartwarming it is to see the audience welcome not only Mammootty but also Soubin, Sreenath Bhasi and Shine Tom Chacko with cheers.

There are unexpected moments of humour in the film that had me chuckling several times; like the grandmother who's watching The Terminator and advises Michael to buy a machine gun to finish his ‘work’ as a gangster quickly".

[43] A scene in the film where Michael (Mammootty) tells the photographer "Chambiko" (which translates to "Click the photo") became a viral trend on social media platforms such as YouTube Shorts and Instagram Reels.

It trends weddings, family photoshoots, alumni meets and public events became the perfect venue to enact this dialogue, which is followed by Sushin Shyam's earworm of a BGM.