Yamraaj is a tale of greed. The film is about two thieves Kishan (Jackie Shroff) and Birju (Mithun Chakraborty) who dream to become the biggest dons of their city. They start of by working for the city`s biggest don Yamraaj (Gulshan Grover) performing assassinations robberies etc. While Birju has no problem with killing or looting Kishan`s conscience starts to trouble him when he assassinates an honest Police Officer named Hamid Khan (Kiran Kumar) who was determined on ending all crime in the city. The more he finds out about Officer Hamids life the more guilty he feels. He decides to leave the life of crime and start a new life but Birju refuses because he is obsessed by his dream.