Episode 1 of *The Ba***ds of Bollywood* opens with the filming of *Revolver*, where lead actor Aasmaan Singh takes on the final, death-defying stunt of his debut film. With nerves of steel, he executes the daring sequence flawlessly, leaving the entire crew—and especially producer Freedy Sodawaalah—thoroughly impressed. The film becomes an instant box-office sensation, catapulting Aasmaan into the limelight.
Eager to witness the audience’s reaction firsthand, Aasmaan and his loyal friend Parvaiz head to a local cinema hall. As they step out, Aasmaan is swarmed by adoring fans, creating a frenzy of excitement. Back home in Mumbai, his proud parents celebrate his meteoric rise with a heartfelt family gathering. The success only grows when Aasmaan receives an invitation to the film’s star-studded after-party, attended by the biggest names in Bollywood.
Meanwhile, Aasmaan’s paternal uncle, Avtar, struggles to make his mark as a musician. Despite his talent, success eludes him, leaving him yearning for recognition. Nevertheless, he attends the glitzy celebration to cheer on his nephew.
At the party, Freedy introduces Aasmaan to Ajay Talvar, a legendary actor and undisputed superstar of the industry. Ajay, with a warm smile, offers Aasmaan words of encouragement and wisdom, leaving a lasting impression. As Freedy and Ajay engage in a conversation, it’s revealed that Freedy is desperate to cast Ajay in his next project, though the superstar seems hesitant.
Elsewhere at the soirée, actor Ranveer Singh, ever the opportunist, fabricates a story about a fractured leg to filmmaker Karan Johar, secretly committing his schedule to director SS Rajamouli instead. Unbeknownst to Ranveer, Parvaiz captures the entire exchange on video, setting the stage for potential drama.
The actor, wracked with anxiety over the possibility of the local man divulging their private conversation, resorts to attempting a bribe. However, Parvaiz, demonstrating unwavering integrity, deletes the incriminating video without accepting a single penny, an act that leaves a profound impression on Ranveer.
Meanwhile, Freddy, sensing Aasmaan's rising star potential, extends an enticing offer: an exclusive three-film contract. Sanya, Aasmaan's astute manager, advises caution, insisting that Aasmaan await her approval before committing to any deal. Yet, behind closed doors, Freddy employs emotional blackmail to pressure Aasmaan into signing.
In a twist of fate, Sanya inadvertently eavesdrops on a phone conversation involving Karan Johar. Through this clandestine listening, she discovers that Ranveer has been dropped from the filmmaker's upcoming project. Seizing the opportunity, Sanya promptly pitches Aasmaan as a replacement for the coveted role.
Simultaneously, Freddy introduces Aasmaan to Vaastav, a fledgling actor recently signed by Sodawaalah Productions for an upcoming film. Vaastav shares with Aasmaan that he has been invited to a prestigious roundtable conference for emerging actors, hosted by renowned film critic Sanjeev Sharma. Feeling snubbed and resentful due to the critic's perceived bias, Aasmaan's emotions boil over at the ensuing party. In a dramatic outburst, he threatens Sanjeev with a glass bottle, prompting a swift apology from the critic and an unexpected invitation to the conference.
However, the celebratory atmosphere is abruptly shattered when the Narcotics Control Group (NCG) storms the party, arresting Vaastav on charges of being under the influence of drugs. The following day, Freddy is informed of Vaastav's arrest, sending shockwaves through the production team.
Mr. Chintawala, the producer, is consumed with worry over the potential financial repercussions. Sensing the old man's distress, Freddy steps in to reassure him, revealing that Ajay has been lined up to helm the next film, a surefire hit in his estimation. With unwavering determination, Freddy instructs his assistant to secure Ajay's signature on the contract by any means necessary.
Meanwhile, Aasmaan finds himself on the receiving end of a sharp-tongued scolding from his mother, who chastises him for his impulsive and irrational behavior toward the film critic at the party. Still reeling from the confrontation, he heads off to the newcomer actor’s conference with Parvaiz. There, they cross paths with Karishma Talvar, a rising star who’s attending the event despite not having officially made her debut in the film industry. It soon becomes evident that Ajay, a powerful figure in Bollywood, orchestrated this introduction to pave the way for his daughter’s career.
The conference quickly descends into chaos as Aasmaan finds himself at odds with the so-called "nepo kids"—children of established Bollywood stars—who dominate the discussion table. A particularly heated clash erupts between him and Karishma, with Aasmaan making cutting remarks that leave her visibly embarrassed. This public display of discord only serves to infuriate Ajay, who watches the scene unfold with growing annoyance.
Amidst the turmoil, Karan, a renowned filmmaker, is taken by Aasmaan’s raw talent and unfiltered charisma. Impressed by his potential, Karan offers Aasmaan a starring role in his upcoming action-romance film. The news brings a wave of celebration among Aasmaan, Parvaiz, Avtar, and Sanya, who gather to toast to his newfound success. However, the joy is short-lived when Sanya discovers that Aasmaan had secretly signed a three-film deal with Freddy, a notorious producer, without consulting her.
Feeling betrayed, Sanya urges Aasmaan to confront Freddy and withdraw from the agreement. But when Aasmaan approaches Freddy, he is met with an unexpected revelation: Freddy informs the young actor that, following Vastav’s arrest, he now has another film lined up for him to star in. The episode concludes on this cliffhanger, leaving the future of Aasmaan’s career—and his relationships—hanging in the balance.
