The movie starts with nuclear scientist Shekar who has created the formula Plasma Binson, which can destroy any object on earth. This formula is eyed by the rival team and uses Shekar's love towards horse racing as a bait to get him into their team. Many fluke horses starts winning at Bangalore Turf Club and Agent 999 (Prakash) is assigned to investigate this mystery. With his sidekick Baby Narasimharaju, Agent 999 works to destroy the formula itself. Will agent 999 use his witty skills and crack this formula forms the crux of the movie. Rekha played a sensuous bond girl in this movie.