Don't go by the title. Maan Gaye Mughal-E-Azam is a mad, contemporary comedy involving a drama troupe - Kalakar Natak Company. They produce socially relevant, thought-provoking plays, which no one understands and hardly anyone sees.
But the actors of this natak company believe they will change the society one day and everyone will say, 'Maan Gaye Mughal-E-Azam'. The theatre group gets involved with an undercover agent who is working on saving the country from a bomb blast. One by one they come forward to help and are eventually instrumental in making a deadly game plan to save the world.