The film is set in the early 16th century, when Portuguese sailors dominated the Indian Ocean. The story follows Chirakkal Kelu (Prithviraj), seeking to avenge the death of his father at the hands of the sailors, and his cohorts Vavvali of Nagapattinam (Prabhu Deva), princess Ayesha of Arackel (Genelia D’Souza) and princess Bala of Chirakkal (Nithya Menon). The plot incorporates the intrigues of the Chirakkal Royal House, where Kelu serves as Commander-in-Chief, and the assassination of prince Bhanu Vikraman (Ankur Khanna). The plot also incorporates such actual historical figures as Estêvão da Gama (Alexx O’Nell), Vasco da Gama and Chenichery Kurup.
The film was made on a budget of more than ₹20 Crores, making it the fourth-most expensive Malayalam film of its time, The film also marked the debut of Prithviraj Sukumaran as producer.Urumi was released in Tamil as Urumi: Padhinaintham Nootrandu Uraivaal, written by Sasikumaran, and subsequently dubbed in Telugu with the same title, Urumi
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Though the film couldn’t gross the production cost from the Kerala box-office, it managed to get back its production cost from Telugu and Tamil box office due to the popularity of Prithviraj Sukumaran in those two industries along with big stars from those respective industries..It also won the Best film and Best Director in Imagine India Film Festival in Barcelona. It was also the Opening Film of the Panorama section in Goa film festival, and won the Asia Vision awards for Best film and Best Director in Dubai.It won two Kerala State Film Awards, for Best Background Music (Deepak Dev) and for Best Sound Recordist (M. R. Rajakrishnan).