Loot is a story of lumbering crooks. They are not good at their works. Pandit and Akbar are two thieves. They together do the job of stealing paintings and Antiques for Mr. Baatliwala. Baatliwala runs an antique shop which is situated in Colaba. They are tired and fed up of their ineffectiveness. Hence Mr. Baatliwala proposes to them a final task to steal some jewels from Armenia. As they have not been abroad, Mr. Baatliwala asks Builder, his henchman to find Wilson.

Wilson is another conman. He had been abroad to give company to them. Once in Philippines for the task, both of them rob Lala who had been a fugitive Don. He does not like to be robbed and becomes furious at this act. Even Irfaan and Aasif get furious who are the persons whose cars were stolen as the getaway of the vehicle of the gang and then there is dirty RAW Agent and double dealing Sanya who is their confined contact in Armenia. Loot is the game of cat and mouse and cat and mouse are none other than these four crooks who have been attempting to stay alive in a foreign land from all these characters. If they get out of this alive, it would be like a miracle!!!