The Rs 140 crore film, produced by Fox Star Studios, opened to Rs 27.54 crore on day one, making its way to the top 5 openers of all time.
'Bang Bang' also recorded the second biggest opening of 2014 after Ajay Devgn's 'Singham Returns' and is also the third biggest non-franchise film opening after 'Chennai Express' and 'Ek Tha Tiger'.
"That is so cool. Opening higher than a franchise film like 'Krrish 3' and beating my own record is one way to realise my own growth and strength," Hrithik said in a statement.
'Bang Bang', which also stars Katrina Kaif, was pitted against Vishal Bhardwaj's latest offing 'Haider'.
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The Shahid Kapoor-starrer, which opened to good reviews, collected Rs 6.14 crore on its opening day.
'Haider', made on a relatively smaller budget than 'Bang Bang', has performed well in Mumbai, Pune, Delhi NCR, Bangalore and Hyderabad.