This is the story of "The Parasites". Joy (Joy Fernandes) who is quite funny, Pondy (Vijay L. Maurya) who is the strong, silent type, Murgi (Aditya Srivastava) who is the mature guy of the lot, and Shiuli (Tejaswini Kolhapure) who is a tomboy. Strugglers in their field, they are ready to take risks as far as their career is concerned.
Paanch is the story of five member band called 'Parasites'. The film is all about how they live together, fight together, and stay together. Like the rest in the crowd they want to make it to the top. They do get opportunities, but at a price they cant pay. Short cut methods for money are tried, for which they land up paying heavily.
Luke (Kay Kay) is the leader of the group. He suffers from a major superiority complex and is extremely impulsive and likes to be in control. He is extremely possessive about his group. He plays all instruments; write the lyrics and sings too.
Shiuli (Tejaswini Kolhapure), tomboyish, can be extremely sweet one moment and very manipulative the next. Has an acid tongue, a roving eye for rich boys and knows how to use her sexuality. She is the main singer of the group.
Pondy (Vijay L. Maurya) is the punching bag of the group. He is an introvert and a pessimist. His obsession to have sex with Shiuli is the cause of many a laugh the group gets. He plays the drum and plays them even better when it's Shiuli who's singing.
Joy (Joy Fernandes) the strong man of the group who worships Luke. And that makes him dangerous. His jokes and frowns are mostly to impress Luke and he laughs at the silliest of things.
Murgi (Aditya Srivastava) is the conscience of the group. Stays calm and clear of trouble. He plays the base guitar for the group.