He adopts a variety of personas to support an extravagant lifestyle by conning his many 'girlfriends' out of large sums of cash.
To Delhi student Dimple Chaddha (Parineeti Chopra), he's fitness trainer Sunny Singh.
Hard-working, 24-year-old Lucknow widow Saira Rashid (Aditi Sharma) knows him as shy Iqbal Khan.
And successful, independent career woman Raina Parulekar (Dipannita Sharma) thinks he's art dealer Deven Shah.
However, a chance encounter opens the trio's eyes to his con and they hatch a plan to get their money back - and an unsuspecting Ricky meets his match in Ishika Desai (Anushka Sharma).
"This time it was easier to work with her [Anushka]," said Ranveer. "During Band Baaja Baaraat, we were still exploring each other. We had different approaches... she doesn't rehearse whereas I rehearse a lot. So for this film, we were in sync from day one."
The fun will hit the cinemas this December 9.