His Jolly LLB came out Friday while he has Chambal Safari, Dedh Isqiya and Joe B Carvalho coming out in the future -- but he won't mind adding a TV project to his kitty.
"Though films are my priority, I am also open to doing TV. I would love to appear as a judge on reality shows," said Arshad, who hosted the first season of "Bigg Boss".
"Television industry is growing like anything. TV actors are getting their due recognition," added the actor, who is also planning a break during summer.
He revealed that his Dedh Ishqiya, which also stars Madhuri Dixit, is in its post-production stage and that it may release in April.
"I'll be taking a break in May and June because I want to work on a script," he said and added: "It's Maqbool Khan's Chambal Safari, a satire on dacoits. I never do research work, but for this film I'll have to study to give my best."
"Though comedy is my favourite genre, I can never say no to politics, action, romance and thriller," said the actor who showed his serious side in Sehar and won appreciation too.
After playing a communist in Zila Ghaziabad, Arshad is seen as a lawyer in Jolly LLB, a Subhash Kapoor-directed satirical drama.
The 44-year-old says that while selecting a film, he doesn't worry about the budget.
"I don't care if it's a low-budget film. The script has to be strong. And a director should be clear about what he wants," said Arshad, known for his performance in films like Munnabhai series, Golmaal franchise and Ishqiya.
Arshad feels that he has grown up as an actor.
"I feel it's been a learning experience. When I started my career, initially, I used to feel what am I doing with my life? I wasn't satisfied and used to think that I am not a good actor. I even thought of leaving the industry. But gradually I started getting good films. And people started loving my work," he said.
As an actor, Arshad "genuinely respects and admires Amitabh Bachchan and Naseeruddin Shah".
"And I still remember when Naseer saab complimented me saying that I am doing great. I am still learning and always try to give my best shot."
He is also proud of Indian cinema, which, he feels, is heading towards a transition.
"We today have brilliant films. People know about films. They know what they want to see. Special 26 and Kai Po Che!, though low-budget films, have done a fabulous job. We do have our Rs.100 crore club and I agree that commercial cinema sells, but the quality of work is also important... Also, I feel one should have artistic freedom and censorship," he stressed.