Harsha, a dirt-bike racer, is travelling via auto rickshaw with his friend to the airport. He spots the blurry outline of a woman trying to flag the auto down, and gestures to her that it is already occupied. As he does, their fingers accidentally touch, and Harsha feels an electric current passing through him, which triggers a few fleeting images. After recovering from the shock, he flees the auto in search of the girl and inquires about her to a woman named Indira "Indu", unaware that Indu is the same woman. Indu, thinking he is stalking her, misdirects him by convincing him that the girl is her neighbour. She and her friends exploit Harsha, having him take them to places and promising that the girl will show. After Harsha beats up a group of men who were verbally harassing Indu, she starts to fall in love with him.

Meanwhile, Indu's distant cousin Raghuveer, lusts after her. He manipulates Indu and her father into trusting him. However, when he attempts to touch a sleeping Indu, he sees visions of a warrior slitting his throat. Raghuveer consults a tantrik, Ghora, who reveals that in a prior life, Raghuveer was a prince who lusted after Indu, and was killed by her lover, a warrior. Raghuveer is determined to find the reincarnation of the warrior and kill him. Meanwhile, Harsha discovers how Indu and her friends have been defrauding him, and after he pranks her in retaliation, they start to fall in love. Raghuveer discovers that Harsha is the reincarnation of the warrior, murders Indu's father and frames Harsha. As Raghuveer and Indu leave in a helicopter, Harsha fails to catch them; falling into a lake, he faces a near-death experience and gets a full vision of his past-life in 1609.

In 1609, Emperor Sher Khan is preparing to invade the kingdom of Udaigarh when he hears of the brave warrior Kala Bhairava (Harsha). King Vikram Singh's daughter, Princess Mithravindha Devi (Indu), loves Bhairava, but he holds himself back even though he reciprocates the same. Ranadev Billa (Raghuveer),the king's nephew and Mithra's cousin lusts after Mithra and plans a competition between himself and Bhairava; the winner will marry her and the loser will be banished from Udaigarh. Bhairava's victory leads to Ranadev's banishment. Vikram Singh, however, secretly requests that Bhairava not marry his daughter, because Bhairava has a high chance of dying in the ensuing battle with Khan's forces, and he does not wish to see Mithra widowed. Though shocked, Bhairava concedes to the king's request and publicly declines to marry Mithra, leaving her distraught.

Bhairava takes Mithra, his soldiers, and his caretakers to the Bhairavakona temple atop a cliff to seek blessings from God prior to the attack. Mithra demands that Bhairava admit his love for her. When he does not respond, she upsets the sacred items they have brought for the puja and, using her own blood, paints an image of Bhairava on a rock, picturing him leaving his true love to do his duty. An injured soldier arrives to tell Bhairava that Ranadev has aided Khan's army, who have killed Vikram Singh and are now rushing toward them. They arrive, and Khan challenges Bhairava to kill at least 100 of his soldiers. Bhairava completes the challenge, but is severely injured in the battle. Khan, impressed by Bhairava's bravery, has a change of heart and accepts him as his friend. However, Ranadev, invoking Khan's promise to aid him in victory, continues attacking, eventually wounding Mithra before being killed by Bhairava. A dying Mithra asks Bhairava to confess his love, but before he can respond, she dies and falls off the cliff. Distraught, he jumps off as well, following her to meet the same fate.

In the present, Harsha is rescued by a fisherman named Solomon (the reincarnation of Khan) and, with Solomon's help, visits Udaigarh. He reaches Raghuveer's palace and overhears Ghora telling Raghuveer that if Indu's past-life memories are not revived within the day they never can be, and she will be with Raghuveer forever. Harsha kidnaps Indu, with Solomon aiding him and takes her to Bhairavakona and in the process, Raghuveer accidentally kills Ghora. Raghuveer arrives by helicopter and asks Indu to come with him; however Indu sees Mithra's painting, and her past-life memories are revived. She reunites with Harsha and asks him to forgive her. An angered Raghuveer attacks Harsha who fights him, and with the help of Solomon, manages to kill him and the couple reunites.