Five friends are disappointed about the way their favorite hangout Malarvaadi Arts Club is headed. They take the responsibility of reviving the club in their own hands.

Pakida tells the story of Aadi who meets a mysterious and concealing traveler George Koshy Anthrapper and travels with him from Kochi to Madurai. On their way, they come across two other characters Sunny and Kani who change their lives.

The story unfolds the events happening in just four hours of a day in two cities - Kochi and Chennai. Balu (Aju Varghese) who goes to Chennai to attend an interview falls into a trap in the few minutes he goes out of the call centre office to make a phone call. He contacts his friend Kishore (Indrajith), an ad filmmaker and his friend, to help him with some money. Kishore, who is in Kochi, has an equally crucial day. His wife Surya (Mamta Mohandas) is returning to his life as the couple has been living separate for some time. Kishore sets aside his plans to reconcile with his wife to help his friend. However, he fails to gather enough money to help Balu. How money changes the life of these characters forms the rest of the story.

Jude, a mathematical genius with poor social skills, visits Goa with his parents after the demise of his aunt. There, his life changes completely after he meets Crystal, a moody musician.

Menon runs into his former wife Grace, who is married to a bedridden Mathew and loves him immensely. The movie revolves around their crossing and emotes the meaning of love and its various forms.

In the film, Sreenivasan reprises the character of Superstar Saroj Kumar from the popular 2005 malayalam film Udayananu Tharam.