Falguni Patel and Prince Soni's Irada, is basically a revenge drama that involves the death of an ex-army man's (Naseeruddin Shah) daughter (Rumana Molli). The film is about a mysterious bomb blast which takes place in a business tycoon's (Sharad Kelkar) huge factory, thus, diminishing everything into dust.
In order to 'settle' the matter, the state CM (Divya Dutta) hires an NIA officer (Arshad Warsi). On the other hand, there is a parallel story about the death of a whistle-blower (Diwakar kumar) and his girlfriend (Sagarika Ghatge), who happens to be a journalist who is ready to go to any depth of the situation in order to get justice for her slain girlfriend
What happens to each one of the characters and their lives afterwards is what forms the rest of the film.