The album was a critical and commercial success, becoming the highest-selling album of the year in India. The background score was performed by Sandeep Chowta. The soundtrack album was composed by Vishal–Shekhar, with lyrics written by Javed Akhtar. After Shah Rukh rejected the first version of her next film Happy New Year, she was reminded of Om Shanti Om the film's title derives from a similar titled popular song from Subhash Ghai's popular film Karz (1980) which starred Rishi Kapoor as the main protagonist. Farah conceived the film while directing the musical Bombay Dreams (2002), which was based on the Indian film industry.

Om Shanti Om was produced on a budget of ₹35 crore. Shreyas Talpade and Kirron Kher appear in the film as well and cameos from many Bollywood celebrities are seen in several sequences and songs. Being reborn as rich superstar Om Kapoor in 2007, he sets out to seek revenge from Mukesh with the help of Shanti's doppelganger Sandy Bansal. Om witnesses this and is severely injured while trying to rescue her, resulting in his death as well. Her husband and a film producer Mukesh Mehra, played by Arjun Rampal, betrays her and murders her in a fire. Spanning three decades, the film stars Shah Rukh Khan as Om Prakash Makhija, a poor junior film artist in 1977, who falls in love with a secretly-married film actress Shantipriya, portrayed by debutante Deepika Padukone. Peace Be With You ) is a 2007 Indian Hindi-language fantasy romance film written and directed by Farah Khan, co-written by Mayur Puri and Mushtaq Shiekh, and produced by Gauri Khan under the banner of Red Chillies Entertainment.

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