Jai movie is all about a rich boy Jai (Navadeep) and is the only son of a globetrotting businesswoman. Farah (Santoshi) is the daughter of a café owner in Old City. Jai and Farah fall in love. Jai's mother goes to Pakistan for a business deal and clinches an offer of conducting boxing match between India and Pakistan in Hyderabad. She gives the responsibility of managing that event to Jai. After winning the competition, the Pakistani boxer passes derogatory remarks on India and Indians. Jai protests those comments and warns the Pakistani that he would fight with him in the next series of matches and win them to prove the greatness of India.
Meanwhile, father of Farah starts giving boxing lessons to Jai. The Pakistani officials and Lashkar-e-Toiba's chief monitor the progress of Jai with their informers in India. They send goons and stab the father of Farah. They also hunt for Jai and damage his right fist and ribcage, so that he would become unfit to fight the boxing match. The doctor tells Jai that he should be bed-ridden for at least 6 months. And the match is just 20 days away. The rest of the story is all about how Jai participates in the match and win it.