Instant Karma is an Indian band formed by Ehsaan Noorani, Loy Mendonsa and Farhad Wadia most popular for its albums Dance Masti and its sequels. According to them, they do "versions, not remixes"
A Complete reference is available at the site of Last FM.
Instant Karma was formed after Bally Sagoo came out with his album of versions Bollywood Flashback in mid 1990s. Ehsaan and Loy thought of starting a band to do something comparable, if not better. They just did a couple songs one of them being Dil Kya Kare and forgot about them. Then Sony Music marketed Dil Kya Kare and it was a huge hit. After that Ehsaan, Loy and Farhad started with Instant Karma and compiling albums regularly.
Instant Karma employed many talented voices such as Shankar Mahadevan, Shaan, Mahalaxmi Iyer before they made big mainstream Bollywood and other Indian Music Industries.
The first two albums in the Dance Masti collection have sold about 700,000 (700,000) copies.