Govinda sustained a bullet injury on his leg as his licensed revolver misfired, police said.
The 60-year-old actor later issued a statement, informing his fans that doctors had removed the bullet and he was alright due to his fans' affection and God's blessings.
'With the blessings of my fans, my parents and God, I am doing better now. I was hit by a bullet, which has now been removed. I thank the doctor here, Dr Agarwalji. I thank all of you for your prayers,' Govinda said in an audio message.
The actor, who was hospitalised after the accident, is out of danger and recuperating at his home, a Mumbai police official said.
Govinda was about to leave from his Juhu residence around 4.45 am on Tuesday, when the revolver misfired and a bullet hit his leg.
The actor hasn't lodged any complaint.
"We had a 6 am flight to catch for a show in Kolkata and I had reached the airport. Govindaji was about to leave his residence for the airport when this accident happened," the actor's manager Shashi Sinha said.
"The revolver apparently fell down while being kept in the cupboard and misfired. It is due to God's grace that Govindaji sustained only leg injury and it was nothing serious," he said.
Govinda was taken for treatment to the nearby Criticare hospital.
