Wagt the race against time is the story of a father and a son between whom there is a special bond. Ishwarchand Thakur and Sumitra Thakur  are a married couple who run a toy factory together. They have a son called Aditya Thakur who does not have any interest in responsibility or what he wants to do in life. It gets even worse when he elopes with his girlfriend  the daughter of Natu. When Pooja gets pregnant, both Ishwar and Sumitra decide to make Aditya realize his responsibilities, as he will have to take care of his wife and child. Both take drastic measures and even chuck Aditya out the house along with Pooja. The farce becomes so bad that Aditya begins to hate his father and they do not speak to each other for a long time. At the same time Aditya becomes aware of his role in life. However, Ishwar has done all this for a reason and is hiding something from Aditya.