The story of Bhooloham unfolds in north Madras, centering on the local boxing scene. Two rival boxing groups exist within the area, and Deepak Shah, a media owner, sees an opportunity to capitalize on their conflict by organizing a championship tournament. Using manipulative tactics, he arranges for Bhooloham, a boxer driven by vengeance for his father's loss in a past competition, to fight Arumugham, whose father ha…