The ratings for the film provided by the reviewers have been tabulated. The film received a mixed reception from critics and audiences. Meet Bros Anjjan, Sudesh Bhosle, Anil Kapoor, John Abraham "Laila (Remix by Gourav Das Gupta & Roshan Balu)" "Aala Re Aala (Remix by Gourav Das Gupta & Roshan Balu)" "Babli Badmaash (Remix by Gourav Das Gupta & Roshan Balu)" Meet Bros Anjjan, Sudesh Bhosle, Anil Kapoor & John Abraham Anu Malik was asked to compose for three songs for this film which were chartbusters. The music of Shootout at Wadala is composed by Anu Malik, Anand Raj Anand, Meet Bros Anjjan and Mustafa Zahid. Also, the character names have been changed as well, except for Abraham's character, whose name remains the same in the film. The character of Dawood Ibrahim is only seen for three seconds in the new trailer, to avoid any problems. On 27 January 2013, Balaji Motion Pictures uploaded a new version of the theatrical trailer, and trimmed nearly every dialogue from the film off.
Later, Afaaque is asked to kill Manya by Dilawar. He is about to kill Munir when Manya saves him. After Zubair's assassination, Dilawar kills Gyancho with the help of Jamal. The truce is short lived as Maqsood asks Manya Surve to finish Zubair. Due to this, a truce is called by Haji Maqsood. This breaks a fight between the Haskar brothers and Mastan.
The story next shows the death of Sadiq, an unscrupulous news reporter, by Mastan. Next, Manya brings Ambolkar to his knees by beating him brutally in public. Jamal, Bhatkar's bodyguard, also joins them. Soon enough, Manya finishes off Bhatkar (the gangster who had him and his brother arrested). After this, Manya forms his own gang, which consists of him, Munir, Veera, and Gyancho, a sharpshooter brought by Munir. However, the second brother, Dilawar, disapproves of Manya and dislikes him. The first brother, Zubair Imtiaz Haksar, is cool and is impressed by Manya. 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. Potya attacks him from behind and beats Manya up, to which Manya responds by stabbing Potya to death. Manya trains and then eventually is challenged by Potya. Munir befriends Manya and another convict named Veera.
In prison, another convict named Munir saves Manya from being attacked by a goon named Potya during lunch time. On the day of Manya's exam results, before he can discover his grades, Manya and his brother are arrested, and Manya is publicly humiliated at college by Inspector Ambolkar and end up in Yerwada Central Jail. While Manya Surve clutches one of the goons, Bhargav stabs the goon, and he dies on the spot. Soon enough, Bhargav is attacked and beaten up by Bhatkar's goons. Bhargav is in conflict with an underworld don named Bhatkar and is currently on the run. Manya has an older brother named Bhargav Surve, who is a mawali (rowdy). He is in love with Vidya Joshi and takes her to his mother to discuss their marriage. Manya Surve is a decent student at Kirti college, Dadar. In a police van, Afaaque Baagwan listens to the story narrated by a gangster, Manya Surve, who is gravely injured with a bullet-riddled body.