The film is the story of a man, Ishwar Chandra (Amitabh Bachchan), owner of Archies, a toy manufacturing company. He is also extremely generous and lives with his wife Sumi (Shefali Shah) and son, Aditya (Akshay Kumar). Ishwar's life seems picture perfect. Ishwar Chandra has little time on hand owing to a terminal illness. His pampered son refuses to shoulder responsibilities and dreams of becoming a huge film star. Obviously his father provides for him.
Aditya is in love with Pooja (Priyanka Chopra), the daughter of Nattubhai (Boman Irani). The two get married without bothering to take consent or even inform their parents. Ishwar hopes that the marriage will make Aditya a more responsible man, but he is disappointed. His efforts to turn Aditya into a responsible individual fail.
One day suddenly Ishwar decides to throw Aditya out of the house. Pooja follows. Aditya is shocked to see his otherwise doting father behaving like a tyrant.