"He is the most wanted...India has asked Pakistan to hand him over...you just wait," Home Minister Rajnath Singh told reporters.
India has made this demand to Pakistan many a times earlier also but Pakistan has denied his presence in the country.
Dawood Ibrahim, who is currently on the wanted list of Interpol for cheating, criminal conspiracy and organised crime, is reportedly involved in a number of crimes in India.
He is wanted by India for the 1993 Mumbai blasts, sport fixing and other crimes.
The US, believing that Dawood Ibrahim maintained close links with Al Qaeda and other terrorist organisations, had declared him a "global terrorist" in 2003.
The US had also taken the matter to the UN in an attempt to ensure freezing of his assets around the world and crackdown on his operations.