Karishmaa offers a compelling storyline that balances suspense and emotional drama effectively. The screenplay is tightly woven, maintaining a steady pace throughout the film, although the first half is slightly slower as it sets up the characters and their backgrounds. The second half picks up momentum with engaging twists and heightened tension, keeping viewers invested.

The songs composed by Rahul Dev Burman complement the narrative well, with memorable melodies that fit the mood of the film without disrupting the flow. The background score enhances the thriller elements, adding depth to the suspense sequences and emotional moments. Cinematography by Jayanan Vincent captures the mood with effective lighting and framing, contributing to the overall atmosphere.

While the film's pacing is generally consistent, some scenes in the first half could have been trimmed for a tighter narrative. However, the direction by I V Sasi ensures that the story remains coherent and engaging, supported by strong performances from the lead cast. Overall, Karishmaa stands out as a well-crafted thriller from the mid-1980s Bollywood cinema.

Kamal Haasan: Charismatic and nuanced, delivering a strong central performance that anchors the film.

Reena Roy: Effective in portraying a complex character with emotional depth.

Tina Munim: Provides a graceful and convincing portrayal, complementing the lead.

Danny Denzongpa: Adds intensity and menace, enhancing the thriller aspect.

Swaroop Sampat: Supports the narrative with a solid performance.

Jagdeep: Offers comic relief, balancing the film's tension.