Three years after Farzi stormed Prime Video and became the most-watched Hindi web series of 2023 with 37.1 million viewers, the wait is officially over. On 10 February 2026 -- the show’s third anniversary -- creator-directors Raj & DK ended years of fan speculation by posting a single image of stacked counterfeit notes captioned “Round 2 in progress”. Shahid Kapoor reshared it within minutes. The fakers are back.

This is a meaningful update because, until now, every “Farzi 2 release date” story in the Indian press has been speculation built on stray actor quotes. We finally have an on-record confirmation from the showrunners, a reported cast list, a confirmed start of principal photography, and a window for when subscribers can expect Sunny’s next move on Prime Video. Below is a clean, sourced summary of what is confirmed, what is reported, and what fans should expect when Farzi Season 2 finally drops -- plus a recap of where Season 1 left off so you can hit play without re-bingeing all eight episodes.

Farzi Season 2 announcement poster Round 2 in progress

Farzi Season 2 announcement teaser. Image courtesy: Prime Video India / Pinkvilla

Farzi Season 2 Release Date

Confirmed: Farzi Season 2 has begun shooting. Reported window: late 2026 or early 2027 on Amazon Prime Video. There is currently no exact streaming date; anyone publishing a specific Farzi 2 release date in May 2026 is speculating.

Here is what is on record:

10 February 2026 -- Raj & DK officially announced Farzi Season 2 with the “Round 2 in progress” teaser, ending a three-year wait that began the day Season 1 dropped on 10 February 2023.
March 2026 -- Shahid Kapoor confirmed in an interview with Pinkvilla that principal photography for Farzi 2 had begun, calling the new season “a level up” and a “natural progression of the story.”
Late 2026 / early 2027 -- Industry trades including Pinkvilla, India TV and Telugu Hungama report this as the expected Prime Video release window, factoring in shoot duration, post-production VFX and Prime’s global dubbing pipeline.

Why the long gap from Season 1? Raj & DK have been juggling two other Prime Video tentpoles -- Citadel: Honey Bunny (2024) and The Family Man Season 3 (currently in post) -- which is also why Raashii Khanna told The Statesman earlier this year that Farzi 2 had been delayed by “the directors’ jam-packed schedules.” With The Family Man S3 wrapped, Raj & DK have now shifted their focus fully to Sunny’s world.

Confirmed Cast Returning in Farzi Season 2

Multiple trades, including Pinkvilla, India TV, Bollywood Hungama and the Hollywood Reporter India, have reported the following returning ensemble. Treat “confirmed” below as “confirmed in trade press, awaiting Prime Video’s official cast announcement.”

Shahid Kapoor as Sunny

Confirmed. Shahid is back as Sunny -- the disillusioned art-school dropout who turned a printing press into a counterfeit empire. According to multiple trade reports, this is Shahid’s biggest streaming pay-cheque to date, with Bollywood Hungama citing a fee in the ₹40-45 crore range, reflecting both Sunny’s status as Shahid’s career-defining streaming role and the post-Bloody Daddy rate inflation for marquee Hindi leads.

Vijay Sethupathi as Michael Vedanayagam

Confirmed returning. Michael, the chain-smoking, weary-eyed STF officer who hunted Sunny across Mumbai, is back. According to Prime Video’s official Facebook post, in Season 2 Michael is “cut off from the system but unable to walk away,” suggesting his anti-counterfeit war is now off the books and considerably more dangerous.

Kay Kay Menon as Mansoor Dalal

Reported returning. The cold, ever-watchful crime lord who anchored Season 1’s villain ranks is expected back. Pinkvilla and Telugu Hungama list Kay Kay among the returning core cast, though Prime Video has not formally confirmed his arc.

Raashii Khanna as Megha Vyas

Confirmed returning. The RBI economist whose investigation of fake currency repeatedly crossed paths with Sunny is back. Raashii spoke about Farzi 2’s long delay in The Statesman in early 2026, attributing it to the directors’ bandwidth.

Bhuvan Arora as Firoz

Confirmed returning. Sunny’s wisecracking childhood best friend and partner-in-counterfeit, Firoz, is back. Bhuvan’s breakout in Season 1 turned him into one of Indian streaming’s most reliable comic foils, and Raj & DK’s scripts traditionally lean heavily on the Sunny-Firoz dynamic.

Amol Palekar as Madhav “Naanu” Mehra

Reported returning. Amol Palekar’s portrayal of Sunny’s grandfather and the moral compass of the show was widely listed in early-2026 cast roundups. Given how Season 1 ended, Naanu remains pivotal to Sunny’s character arc.

New Cast Additions in Farzi Season 2

Trade press reporting in early May 2026 indicates a meaningfully expanded ensemble:

Saqib Ayub -- His Season 1 character Anees has been beefed up significantly. In a 8 May 2026 Social News XYZ interview, Saqib teased “bigger stakes, new characters, more chaos.”
Zakir Hussain -- Reported additions per Bollywood Hungama and India This Week.
Kubbra Sait -- Reported addition per India This Week’s first-look round-up.

Raj & DK have a habit of slotting in surprise actors close to release (The Family Man S2’s Samantha Ruth Prabhu was a guarded secret), so expect at least one major casting reveal closer to the Farzi 2 trailer launch.

Farzi Season 2 Plot: What to Expect

Prime Video India’s own Facebook post for the Season 2 announcement laid out the season’s thesis in two sentences: “A revenge-obsessed Sunny descends further into darkness, stepping into a much larger game. Michael, cut off from the system but unable to walk away, continues his war on counterfeiting.”

Three things stand out from that logline and from Raj & DK’s recent press:

Sunny is no longer the underdog. Season 1 was an art-school dropout stumbling into counterfeiting to save his grandfather’s press. Season 2 picks up with Sunny “revenge-obsessed,” consciously walking deeper into the underworld -- a much darker register than the picaresque tone that opened the series.
Michael is off the leash. “Cut off from the system” suggests Michael is either suspended, on forced leave, or operating outside STF jurisdiction. That removes the institutional guardrails that made him a reluctantly procedural cop in S1 and frees Vijay Sethupathi to play him as a ronin.
A new antagonist tier. Prime Video has teased “a hidden force capable of shaking India’s financial system.” In a series whose villainy has so far been very physically rooted in Mansoor Dalal, this hints at a more institutional, possibly state-adjacent antagonist -- the kind of escalation Raj & DK pulled off in The Family Man Season 2’s pivot from Pakistani spies to a Sri Lankan rebel network.

Farzi Season 1 still Shahid Kapoor as Sunny

Sunny in Farzi Season 1. Image courtesy: Prime Video / YouTube

Where to Watch Farzi Season 2

Farzi Season 2 will stream exclusively on Amazon Prime Video, the same platform that has hosted the entire Raj & DK universe -- The Family Man, Guns & Gulaabs, Citadel: Honey Bunny and the original Farzi. Like Season 1, Season 2 is expected to release in Hindi with dubs in Tamil, Telugu, Malayalam and Kannada, and a multi-language audio rollout for international Prime markets.

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How Farzi Compares Across the Raj & DK Universe

To set expectations, here is how Season 1 stacked up against the rest of the Raj & DK Prime Video universe:

Farzi (2023) -- 8 episodes. Most-watched Hindi web series of 2023 (37.1M viewers per AMPS data). 10 Filmfare OTT Awards nominations.
The Family Man (2019, 2021) -- 9.3 IMDb (S2). Two seasons, third in post-production for late 2026.
Guns & Gulaabs (2023) -- 7 episodes. Mid-tier reception, divisive ending.
Citadel: Honey Bunny (2024) -- Slick spy drama in the broader Citadel multiverse.

Among these, Farzi has the highest theatrical-style cast pedigree (Shahid Kapoor, Vijay Sethupathi, Kay Kay Menon, Amol Palekar) and is the only Hindi-language Raj & DK series with a Tamil-superstar lead. Expectations going into Season 2 are accordingly higher than for any other Raj & DK Prime project to date.

Farzi Season 1 Recap (Spoilers)

Skip ahead if you haven’t watched Season 1 -- this section spoils the eight-episode arc.

Sunny’s origin. Sunny is an art-school dropout running a tiny political magazine, Kranti, with his grandfather Naanu and best friend Firoz. With the magazine bleeding money and Mumbai’s cost of living crushing them, Sunny pulls off a brazen experiment -- printing a near-perfect 500-rupee note. The first counterfeit goes undetected at a paan shop, and Sunny realises he has built the indistinguishable note.

The criminal escalation. Sunny’s plan is to print just enough to clear his debts and walk away. But the moment his fakes hit the street, they catch the attention of Mansoor Dalal (Kay Kay Menon), a polished crime lord who runs Mumbai’s counterfeit racket. Mansoor co-opts Sunny -- with menace dressed up as mentorship -- and the operation scales to industrial size.

Michael enters. Vijay Sethupathi’s Michael Vedanayagam, a STF officer with personal demons (custody battles, recovery, a chain-smoking habit he can’t shake), is assigned to crack the unprecedented quality of fake notes flooding the market. Sunny’s parallel romance with RBI economist Megha Vyas (Raashii Khanna) puts him terrifyingly close to the very system trying to find him.

The cliffhanger. Season 1 builds to a multi-train confrontation. Mansoor is captured. Naanu has a heart attack on screen. And Sunny -- bloodied, hollowed-out, but alive -- escapes on a moving train, vanishing into the country with a duffel bag, no clear plan, and a pursuer (Michael) who now knows his face. The frame freezes on Sunny’s eyes. End of season.

That last shot is what Season 2 picks up from. Everything Prime Video has teased -- “revenge-obsessed,” “descends further into darkness,” “a much larger game” -- describes a Sunny who is no longer running. He’s coming back.

Farzi cast Shahid Kapoor Vijay Sethupathi Kay Kay Menon

Farzi’s ensemble cast. Image courtesy: Prime Video / YouTube

Watch Farzi Season 1 to Catch Up

All eight episodes of Farzi Season 1 are streaming on Amazon Prime Video. The show is available in Hindi, Tamil, Telugu, Kannada and Malayalam. If you have an annual Prime membership lapsing in 2026, magicpin’s Amazon Prime offers page is the easiest way to renew at a discount before Season 2 lands. For more crime-drama recommendations while you wait, you can browse magicpin’s entertainment guides on the latest Prime Video web series and binge-worthy Indian thrillers.

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