• Composer : R. D. Burman( Pancham) Rahul Dev Burman
• Lyricist : Anand Bakshi
• Singer : Kishore Kumar , Manna Dey

In the small village of Ramgarh, former police inspector Thakur Baldev Singh summons a pair of small-time thieves that he had once arrested. Thakur feels that the duo – Veeru and Jai – would be ideal to help him capture Gabbar Singh, a dacoit wanted by the authorities for a ₹50,000[b] reward. Thakur tells them to surrender Gabbar to him alive for an additional ₹20,000 reward. The two thieves thwart the dacoits sent by Gabbar to extort the villagers. Soon afterwards, Gabbar and his goons attack Ramgarh during the festival of Holi. In a tough battle, Veeru and Jai are cornered. Though Thakur has a gun within his reach, he does not help them. Veeru and Jai fight back and the bandits flee. The two are, however, upset at Thakur's inaction, and consider leaving the village. Thakur explains that Gabbar had killed nearly all of his family members and had both his arms cut off a few years earlier, and that he concealed the dismemberment by always wearing a shawl, which is why he could not use the gun in the first place. Realizing how much Thakur has suffered so much at the hands of Gabbar, Veeru and Jai have a change of a heart by declining the reward money and swearing an oath that they will capture Gabbar alive. While protecting Ramgarh, the jovial Veeru and cynical Jai find themselves growing fond of the villagers. Veeru is attracted to Basanti, a feisty, talkative young woman who makes her living by driving a horse-cart. Jai is drawn to Thakur's reclusive, widowed daughter-in-law Radha, who subtly returns his affections. However, the skirmishes between Gabbar's gang and the duo intensify when Gabbar murders the local inam's son to coerce the villagers into surrendering Veeru and Jai. When the villagers refuse and instead get the duo to kill four of Gabbar's men in revenge for the boy's death, Gabbar angrily retaliates by having his men capture Veeru and Basanti, forcing the latter to dance non-stop or he will have Veeru killed. Jai arrives to the rescue by attacking the gang, and the three are able to flee Gabbar's hideout with dacoits in pursuit. Fighting from behind a rock, Jai and Veeru nearly run out of ammunition. Veeru, unaware that Jai was wounded in the gunfight, is forced to leave for more ammunition and also to drop Basanti at a safe place. Jai eventually sacrifices himself by using his last bullet to ignite dynamite sticks on a bridge from close range, killing several of Gabbar's men. Veeru returns, and Jai dies in his arms. Enraged, Veeru attacks Gabbar's den, kills his remaining men and catches Gabbar. Veeru nearly beats Gabbar to death until Thakur appears and reminds Veeru of the vow that he and Jai made to hand over Gabbar alive. Thakur uses his spike-soled shoes to severely injure Gabbar and his hands, just as the police arrives to arrest Gabbar for his crimes. After Jai's funeral, Radha is left alone again. Veeru leaves Ramgarh and finds Basanti waiting for him on the train

• Track 1 : Title Music (Sholay) (Instrumental) ( शीर्षक संगीत (शोले) (वाद्य) )
• Track 3 : Haa Jab Tak Hai Jaan ( हा जब तक है जान )
• Track 4 : Koi Haseena ( कोई हसीना )
• Track 5 : Holi Ke Din ( होली के दिन )
• Track 6 : Mehbooba Mehbooba ( महबूबा महबूबा )
• Track 8 : Yeh Dosti (sad version) ( ये दोस्ती (दुखद संस्करण) )