In his career as an author, he has written three books, Of No Fixed Address published in 1998 by HarperCollins, The Road to Mandalay and 7 Storeys.
[4] He grew up on a farm in the outskirts of Wadi, a town in the Kalaburagi district of Karnataka, where his father and grandfather owned cinema theaters and a stone quarrying business.
[3][5] Gustad's next film was the black-comedy thriller, Boom, which had an ensemble cast of Amitabh Bachchan, Zeenat Aman, Jackie Shroff, Gulshan Grover, Javed Jaffrey along with the debut of the supermodels Padma Lakshmi, Madhu Sapre and Katrina Kaif, who were the female leads of the film.
The premiere of Jackpot was held at PVR Cinemas in Juhu, Mumbai, and was attended by Shah Rukh Khan.
In May 2010, Gustad was found guilty of negligence leading to the death of Nadia Khan, an assistant producer working on the set of his film Mumbai Central.