Rakhtbeej is the story of two men, from two different generations. Even though their worlds are different their lives keep intersecting. Abhay Jatav from humble beginnings ends up becoming the most dreaded dacoit in UP. Ajay also from humble beginnings, becomes the CEO of Dabral Group of Industries, at a very young age. Abhay knows Sarita for a long time, and Sarita is in love with Abhay. But when a simple village girl Poonam enters Abhay's life he totally forgets about Sarita. Sanjana, Dabral's daughter has been in love with Ajay for a long time. But when supermodel Priya enters his life, he is blinded by her love.

Abhay goes out of his way to help Maya Singh win the village elections. But Maya Singh later backstabs Abhay. Abhay loses his friends and those dear to him and this changes his fate forever.

Ajay trusts Dharam, his competitor in business and love, but Dharam backstabs him. Abhay becomes a victim of Politics, Police and Dacoits, while Ajay is the victim of business rivalry. Even though these men are from different generations, their lives resemble each other. Just like Abhay, Ajay too has to choose between his friends, love, relationships, and ambition.