I'm replying mostly to bump your post up because I'm not sure what this coin is, though I've seen similar coins in the past.
As you probably already know, on the reverse you read "Muhammad" (محمد) in the center and "'Ali" (علي) at the top left. One would have expected the name of the other three caliphs (Abu Bakr, 'Uthman, 'Umar) in the other triangles but a little surprisingly this is not what we get. Not sure what حن is.
On the other side... well... I can't really read anything useful. I'm guessing "shah" is possible at a couple of places, but that's about it.
Thanks for the reply and pumping up my post.
Infact ,on the corners names written on the corner are Ali Fatima Hasan Husain (Family of Muhammad) .This coin resemble the Square silver coins issued by Akbar but the coins of the Mughals were almost copies of Safavid and previous Iranian dynasties.
This is probably not listed in Indian coins list so I am looking for someone to help me out.
As a final note this may be a token as well.
