Jagmohan Laal aka Jugran (Anupam Kher) is a crime lord who wants to climb up the crime ladder. When Customs Officer Verma (Dalip Tahil) tries to arrest him, he escapes. To save his skin, Jugran kills his twin brother Manmohan (Jugran had hid at Manmohan's house, but Manmohan tried to inform the police) and takes his identity. The world is led to believe that Jugran is still on the run. Jugran kills Mr. Verma and Dr. Ashok (the guy who helped hide the diamonds in the plaster of his hand to help smuggle them across customs), destroying both their families in process. While Verma's orphaned sons Ramesh (Anil Kapoor) and Ravi (Jackie Shroff) are separated from each other, Dr. Ashok's daughter Seema (Sridevi) is left with her distraught mother, who has lost her sanity. Before dying Mr. Verma identified his killer as Jugran to the police. Uncle D'Souza (Akash Khurana) of Seema, had seen the killer entering Dr Ashok's office just before he entered his clinic and hence could identify the killer in a line-up. Ravi was brought up by his mother, while Ramesh found his way to an orphanage. Seema/Simmi is at the same orphanage. Seema and Ramesh become good friends, but Seema is adopted while she is a child and is separated from Ramesh. Ramesh loves Simmi and runs from the orphanage. He is found by Girdharilal on the streets, and is given a new name, Romeo. Romeo is now working for Seth Girdharilal (Paresh Rawal), who mentors many thieves and thugs like him. Many years later, Jugran has become a big name in the criminal underworld. He lives a double life, acting also as his twin brother Manmohan, who is highly respected in society. Ravi Verma, meanwhile, has become an Inspector and Ramesh has become a crook - a safe-cracker by the name of Romeo. The brothers are unaware of each other's identities, but there is one things that binds them together: one has a lock, the other has the only key that can open the lock. Seema too has become a crook, called Simmi, and her path starts crossing with Romeo's. Seema steals diamonds as she wants to find the man who killed her father for the sake of diamonds. They both want to steal the necklace from Maharani Yashudhara Devi (Bindu). Ravi is tasked by his commanding officers to find and apprehend the jewel thief. Seema manages to steal the necklace first but is trapped when Ravi seals the exits from the party. Romeo helps her out by getting the necklace out via his pet pigeon. But later, when Seema wants 50-50 share, he refuses. Seema tries to outfox Ramesh by creating a public ruckus that she is his wife, and he is selling her last jewels. Ramesh outfoxes her by saying that she has not consummated their marriage even after 2 years. Seema runs away. She gets one up on Ramesh by stealing a jeweled statue which Ramesh wanted to steal. Only Ravi knows that Jugran killed his father. One day Seema runs into "Manmohan" and realizes that it was he who had killed her father. Jugran himself needs somebody to pull a Rs 100 Crore robbery (a train with Rs 100 Crores of diamonds travels from Kohinoor diamonds company, and on its way to Bombay it passes through an isolated stretch for 15 mins. Jugran plans to stage a robbery then). Seema meets "Manmohan", when she hides in his car after she is running away from some creditors. While reciting her life story, "Manmohan" realizes that she is Dr Ashok's daughter. Next, He meets Seema (as Jugran) and tells her that he will need her help to involve Romeo in the operation. Simmi hesitates, until Jugran reveals that he knows the identity of her father's murderer. She meets Romeo and tries to seduce him, but Romeo berates her. Simmi reveals her story to him. Romeo is surprised to see Simmi's mother, since it means that Simmi is actually his childhood sweetheart Seema. Now he reveals his true identity to Seema, and the two pair up. Jugran tells them that first they need to open the safe of the GM of the Kohinoor diamond company as only there they can find when the diamond train is scheduled to travel next month. Ramesh cracks the safe while Seema keeps the audience engaged with her dance at the GM's party. Jugran kidnaps the family of D'Souza, whom Seema is in touch with, to ensure that even by mistake D'Souza does not identify Manmohan/Jugran as her father's killer. Later Jugran gets D'Souza killed in a car accident. Meanwhile, Ravi too gets an inkling that Jugran is planning something big with help of Simmi and Romeo. Ravi and Romeo run into each other, only for Romeo to learn that they are brothers (Ravi had the lock to which Romeo had the key). But he doesn't reveal this to Ravi, since Ravi is a policeman and against criminals. Romeo refuses to loot the train (his pet pigeon scratches Jugran's hand and stop him from shooting at Romeo) but is forced to support Seema. Meanwhile Girdharilal gets annoyed that Ramesh is stealing for someone else and informs police/Ravi. Ramesh steals the diamonds, but Ravi attacks. Jugran's men also attack Ramesh, but he evades them and reunites with Seema. They are confronted by Girdharilal, who wants the diamonds, but Jugran's men kill him. Simmi and Romeo finally succeed in turning over the loot to Jugran. After they do this, he binds and gags them after telling Simmi the truth, leaving the pair to die by falling into a container of boiling acid (they are tied up by a rope, which is slowly dissolved by acid). They are saved by Romeo's pet pigeon who manages to throw a ladder in their way which they catch when they fall into the well of acid. . Romeo and Simmi escape, but they get separated from each other. Romeo runs into Ravi, whereupon the latter tries to arrest him. After Romeo tells him the truth, an enraged Ravi reveals to Ramesh that Jugran killed their father too. Ramesh escapes and rejoins Simmi. When he sees "Manmohan" on TV, Ramesh tells Seema that Manmohan and Jugran are the same person. They head to a party that Manmohan is attending. Meanwhile, Ravi gets a tip-off, upon which he turns up at a party almost simultaneously with Ramesh and Seema. Ramesh reveals that when his pigeon perched on Jugran's left hand it left claw marks, just as seen on Manmohan's left hand. Therefore, Manmohan and Jugran are same person. Ravi scoffs at the claim and tells them that Manmohan's fingerprints are available, and it won't be difficult to find out that Manmohan and Jugran are indeed two different people. Seeing that his charade is about to come to an abrupt end, Jugran tries to run away. It is revealed that Ramesh had given the tip-off about Jugran to Ravi. Jugran succeeds in escaping, while his men try to kill Ravi, Ramesh and Seema. The three manage to fight their way to Jugran, who himself tries to shoot them. The trio quickly retaliate, killing him on spot.
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