Lalkaar is a romantic story of two heroic icons fighting for their country. The story begins with the picture of World War II and Rajan who is in the Indian Air Force is called for his duty. He bids goodbye to his love Usha and jumps to the war. Usha then stumbles upon Rajan's brother Ram who looses his heart to her. While Rajan is on a most dangerous mission, Ram is called for duty. Politics, action and emotions are filled with bravery of two Indian heroes in this movie. What future beholds to the two brave soldiers is the gist of the movie.