Ajay Chakranarayan, an active member of gangster Chhota Rajan's gang along with another wanted criminal Zameer Shaikh was arrested by Pune Police on Monday.
Both the accused were produced before Pune Session Court later where the court granted their custody to Pune Police till May 16.
On a tip-off received about the presence of both the accused at Kothrud area of Pune, the police immediately set up a trap and arrested them .
They have also recovered two country-made pistols with bullets from both. Both the accused were wanted in several cases registered against them at different police stations.
Police have registered a case against them at Kothrud police station and are further investigating the matter.