The story revolves around a mystical indigenous goblin called "Kuttichathan" who is under the spell of an evil sorcerer; however, it gets released by three children and then befriends them.
Dara and Karan, the sons of two of the victims of dacoit Jogi Thakur, wait many years to exact their revenge. When the Thakur's colleague Raja Singh cheats him and runs away with his loot, Jogi is arrested and sentenced for life imprisonment. Years later Jogi escapes from the prison to get hold of Raja and take back his booty, but finds his face on all the posters in the village to find him dead or alive with a reward of fifty thousand rupees. When Karan gets to know Jogi has escaped he goes looking for him. Dara also join hands with Karan to even the score with the dreaded dacoit.
Thakur Virendra Singh lives a wealthy lifestyle in India along with his wife and a son, Kumar. His relative Bihari is envious, and successfully switches his son, Kishan, with Kumar, and also ends up killing Virendra. In this manner, Kumar grows up a wealthy lifestyle, while Kishan lives a poor lifestyle, shunned by his father and his mother, who has lost the use of her vocal chords. Bihari takes Kishan to his brother in Bombay, and leaves him there to lead a life of crime. 20 years later, Kishan has grown up and is now a master burglar. He meets with another burglar, Mary, and both decide to be fifty fifty partners. However, Mary has other plans, she ditches Kishan and joins forces with Diwan Shamsher Singh to masquerade as the long-lost daughter of Ranimaa of Chandpur. Mary does not know that it was the Diwan who has done away with Rajkumari Ratna, and he will not hesitate to kill Mary - or anyone else who dares to stand in his way and the treasure of Chandpur.