Sagar is a happy-go-lucky student who has no interest in his studies at all. Son of a teacher, he feels the pressure put on him by his father and the society both. But what happens when he fails to live up to their expectations?

Set between the years 1958 and 1982, Matka tells the story of Vasu, who rises from poverty to create a powerful gambling empire in India, ultimately leading the nation into a battle with the government. Based on real events, the tale explores themes of love, moral choices, and the consequences of ambition.