The film stars Dulquer Salmaan in the titular role, alongside Meenakshi Chaudhary, Tinnu Anand, P. Sai Kumar, Ramki, Raghu Babu, Sarvadaman D. Banerjee, Sachin Khedekar and Y. Kasi Viswanath.

[5] One morning in 1992 Bombay, Baskhar Kumar is suddenly taken by CBI officials to the Colaba branch of Magadha Bank for interrogation about his alleged embezzlement of its funds during his employment to conduct securities fraud.

Humiliated and desperate, Baskhar steals two lakh rupee from the bank's deposits and gives it to Anthony, a smuggler, to release illegally imported televisions at the port after his previous financiers backed out.

Along with Baskhar's friend Samba, a peon at the same bank, they successfully release the TVs and earn double the money, allowing them to replace the stolen cash and make a profit.

Anthony plans one last shipment before leaving the trade and joining his nephew in America, this time of three foreign cars, upping the stakes with a payment of ten lakh.

Using the stock gains and an unscrupulous hawala agent, he is able to legitimise his income, first through a winning lottery ticket and afterwards by setting up Sumathi's home foods business.

This scheme enriches Baskhar, making his family rich but also turning him into an arrogant, cold man, distancing him from Sumathi, who eventually destroys the business in anger.

On that day, however, they learn that Baskhar had previously closed his account, rendering the transfers invalid and triggering an investigation that topples Mehra's empire and leads to the arrests of the Magadha leadership.

Meanwhile, Baskhar and his family left the country, having previously bought a hotel in Boston to obtain an American investment visa with the help of Anthony and Prahalad's contacts, and continue to live luxuriously.

Paul Nicodemus of The Times of India gave 3.5/5 stars and wrote "Lucky Baskhar emerges as a captivating period crime thriller, blending a nostalgic backdrop with a tale of human ambition and resilience.

"[22] Janani K of India Today gave 3/5 stars and wrote "Lucky Baskhar works for the major part because of Venky Atluri’s attention to detail and superlative performances.

"[23] Sangeetha Devi Dundoo of The Hindu wrote "Director Venky Atluri strikes a fine balance between exploring financial scam and relationships in Lucky Baskhar, headlined by a superb Dulquer Salmaan.