Phantom is a political thriller set in the volatile climate that exists in South Asia. Constant terror attacks against India have left the Indian people feeling vulnerable and angry. The Indian government and security agencies are helpless as the masterminds of the attacks are out of reach. When an infiltrator with plans to attack India is caught, the Head of India's security agency and his team take matters into their own hands. The film follows the protagonist Daniyal, whose journey to seek justice takes him to India, Europe, America and the volatile Middle East.