The film was slated to be released on 1 May 2013, but was released on 3 May instead, to coincide with the day that marked 100 years of Bollywood. The film released to mixed reviews from critics, and according to Box Office India, emerged as a "hit" at the box office.
In a police van, Afaaque Baaghran (Anil Kapoor) listens to the story narrated by a gangster, Manya Surve (John Abraham), who is gravely injured with a bullet-riddled body. Surve is a decent student at Kirti college, Dadar. He is in love with Vidya Joshi (Kangana Ranaut) and takes her to his mother to discuss about their marriage. Manya has an older brother named Bhargav Surve, who is a gangster after an underworld don named Bhatkar (Ranjeet).
Soon enough, Bhargav is attacked and beaten up by Bhatkar's goons. Manya steps in to save him. While Manya Surve clutches one of the goons, Bhargav stabs the goon and he dies on the spot. On the day of Manya's exam results, before he can discover his grades, Manya and his brother are arrested and publicly humiliated at college by Inspector Ambolkar (Raju Kher) and end up in Yerwada Central Jail. In prison, another convict named Munir (Tusshar Kapoor) saves Manya from being attacked by a goon named Potya (Chetan Hansraj) during lunch time. During this assault, Bhargav is killed. Munir befriends Manya and another convict named Veera. Veera trains Manya to become stronger. Manya trains and then eventually is challenged by Potya. Potya attacks him from behind and beats Manya up, to which Manya responds by stabbing Potya to death.
Later on, both Manya and Munir escape from prison while they are working on a railway track and try to join hands with two brothers who rule Mumbai's deals. The first brother, Zubair Imtiaz Haksar (Manoj Bajpayee), is cool and is impressed by Manya. However, the second brother, Dilawar (Sonu Sood), disapproves of Manya and dislikes him. After this, Manya forms his own gang which consists of him, Munir, Veera, and Gyancho, a sharpshooter brought by Munir. Soon enough, Manya finishes off Bhatkar (the gangster who had him and his brother arrested). Jamal, Bhatkar's bodyguard, also joins them. Next, Manya brings Ambolkar to his knees by beating him brutally in public. The story next shows the death of Sadiq, (Arif Zakaria) an unscrupulous news reporter, by Mastan. This breaks a fight between Haskar brothers and Mastan. Due to this, a truce is called by Haji Maqsood (Akbar Khan). The truce is short lived as Maqsood asks Manya Surve to finish Zubair. After Zubair's assassination, Dilawar kills Gyancho with the help of Jamal. He is about to kill Munir when Manya saves him. Later, Afaaque is asked to kill Manya by Dilawar. Even after his refusal, at first he agrees when police commissioner (Jackie Shroff) orders him to. The story comes to an end after the shootout and Manya's killing by police.John Abraham as Manya Surve
Anil Kapoor as ACP Afaaque Baaghran (character based on Isaque Bagwan)
Kangana Ranaut as Vidya Joshi
Tusshar Kapoor as Sheikh Munir
Manoj Bajpayee as Zubair Imtiaz Haksar (character based on Shabir Ibrahim Kaskar)
Sonu Sood as Dilawar Imtiaz Haksar (character based on Dawood Ibrahim Kaskar)
Akbar Khan as Haji Maqsood (character based on Haji Mastan) (cameo)
Ronit Roy as Inspector Raja Ambat (character based on Raja Tambat)
Mahesh Manjrekar as Inspector Bhinde (character based on Madhukar Zende)
Siddhanth Kapoor as Gyancho (character based on Vishnu Patil)
Ranjeet as Bhatkar Dada
Jackie Shroff as Police Commissioner (fictional) (cameo)
Raju Kher as Inspector Ambolkar (character based on Inspector Dabholkar)
Arif Zakaria as Sadiq (news reporter) (fictional)
Chetan Hansraj as Potya (character based on Suhas Bhatkar)
Karan Patel as Jamal (Bhaskar's bodyguard) (fictional)
Sanjeev Chadda as Veera (character based on Uday Shetty)
Vineet Sharma as Bhargav Surve
Special appearancesSunny Leone as Laila in the item number "Laila" (role inspired from Shabir's girlfriend Chitra)
Priyanka Chopra in the item number "Babli Badmaash"
Sophie Choudry in the item number "Aala Re Aala"
Director Sanjay Gupta knew the consequences of using Dawood Ibrahim's real name while shooting the film, but he carried on with Sonu Sood being addressed as "Dilawar Imtiaz" in the film. On 27 January 2013, Balaji Motion Pictures uploaded a new version of the theatrical trailer, and trimmed nearly every dialogue from the film off. The character of Dawood Ibrahim is only seen for three seconds in the new trailer, to avoid any problems. Also, the character names have been changed as well, except for Abraham's character, whose name remains the same in the film.
The music of Shootout at Wadala is composed by Anu Malik, Anand Raj Anand, Meet Bros Anjjan and Mustafa Zahid. Anu Malik was asked to compose for two songs for this film which became instant chartbusters.
The film received a mixed reception from critics and audiences.
Shootout at Wadala had an opening of around 65% occupancy and went on to collect ₹101.9 million (US$1.6 million) on first day. After five days of release, the film had amassed a collection of ₹268.5 million (US$4.2 million). The two-week domestic distributor share is ₹ 255.0 million approx. The final total came out to be ₹546.4 million (US$8.5 million).
Shootout at Wadala collected $900,000 over its first weekend. Its final overseas collection was US$1.625 million.
Shootout at Wadala was made with a budget of ₹32 crore (US$5.0 million) of production costs. The prints and marketing budget was ₹15 crore (US$2.3 million).
Shootout at Wadala was released in 2013 in theaters across the country through AA Films.
• These figures do not include Print and Advertising (P&A) costs.
Director Sanjay Gupta has stated his plans to make a third installment to the franchise. He has also said that he will restart his movie Alibaug, starring Sanjay Dutt, and turn it into the third sequel of the Shootout series. Also, actors Abhishek Bachchan and John Abraham have been rumoured to star alongside each other. Abraham will portray real encounter specialist Vijay Salaskar. The project is currently untitled, but it has been reported to be an "epic revenge saga".