Talwar began his career as a child artist in Love in Simla (1960), Dhool Ka Phool (1959) and Phool Aur Kaliyan (1960) (produced by V Shantaram; directed by Ram Gabale) which was a National Award winner – Gold medal for best children's film.

He is best known for directing – Baseraa (1981) which garnered him a Filmfare Best Director Award nomination[1] and Doosra Aadmi.

His debut film received several Filmfare Award nominations for its lead heroine Rakhee.

His next film Aaj Phir Jeene ki Tamannaa Hai, starring Shatrughan Sinha, Rekha, Satish Shah and Hrishitaa Bhatt is yet to be released.

In 1972, Talwar formulated and organised IPTA's first ICDC (Intercollegiate Drama Competition) which is a stage for young students to showcase their talent in front of dignitaries of the industry.

The plays are Khoobsurat (1998) with Pooja Bhatt, Maa Retire Hoti Hai (1999) and Dr Mukta (2000) with Jaya Bachchan, Pati, Patni aur Main (2002) with Shatrughan Sinha and Chupkay Chupkay with Zeenat Aman and then Kabuliwala / Kabuliwala Laut Aaya starring Tanvi Azmi.

In 2010 he made his debut in TV as an actor when he played "Bhawanji Bha" in a Television Serial Mukti Bandhan which was aired on Colors.