Presented by Jio Studios, Devgn Films and Panorama Studios, "Shaitaan" is produced by Devgn, Jyoti Deshpande, Kumar Mangat Pathak and Abhishek Pathak.

The movie is a supernatural thriller with Madhavan playing the role of a shaitaan (evil spirit). The poster of the same was also shared through his Instagram account with a caption— Main Hoon #Shaitaan (sic).