[7][8] The film focuses on an Indian Revenue Service (IRS) officer Amay Patnaik, who has just been transferred[9] to Lucknow as Deputy Commissioner of Income Tax, where he lives happily with his wife Malini.

One day, he receives an anonymous tip about black money hoarded by (Member of Parliament) Rameshwar Singh, the don of Sitagarh, who had evaded income tax for a long time.

Amay and his team break down the walls, ceilings, staircases and old storerooms (with the help of the map) to find assets worth crores (tens of millions).

He then meets the Chief Minister of Uttar Pradesh, who refuses any help as the Income Tax department is under the control of the Central Government and the raid is legal.

The PM realises that a written order pressurizing the IRS Officer to stop the raid may reach the media and the Government may be brought into disrepute.

In August 2017, Raj Kumar Gupta made an official announcement about Ajay Devgn and Ileana D'Cruz being a part of his next film titled Raid.

On 16 July 1981, IT officials raided the house of a businessman, and Congress MLA and a former member of the Rajya Sabha, Sardar Inder Singh in Kanpur, Uttar Pradesh.

When Alok Kumar Batabyal, deputy director (Intelligence) who headed the raids on the first day, left his house in Swaroop Nagar with a group of other officers, nobody paid the slightest attention.

The first song of the film "Sanu Ek Pal Chain" which is sung by Rahat Fateh Ali Khan was released on 12 February 2018.

The second track of the film titled as "Nit Khair Manga" which is also sung by Rahat Fateh Ali Khan released on 20 February 2018.

[33] In 4 out of 5 star review for Bollywood Hungama, Taran Adarsh wrote that the film is a nail-biting thriller which "is smart, engaging, gripping and entertaining".

[34] Sweta Kausal of Hindustan Times praised the acting performances of Ajay Devgan and Saurabh Shukla but criticized the excessive length and the repetitive nature of the screenplay and gave the film a rating of 2.5 out of 5.