My expertise is certainly limited, but for those not familiar with Bollywood I can point out some of the factors and names of stars to consider. Those who avidly follow Bollywood may champion different stars and might contribute different opinions.

How they got to be celebrities was not always by the same route. Some are physically attractive or have obvious talent and some had a lot of support and some overcame obstacles with determination. Celebrity is also a relative thing. Anyone who has appeared in a popular movie has some glamour, but only a few can really act as magnets to assure (or almost assure) a movie's success.

In Bollywood it seems currently there are three male stars that ensure a big enough base they can make a movie a success. Also if they lend their name somehow and/or have a minor role in a movie their glamour will boost it. Those males are Salman Khan, Aamir Khan and Shah Rukh Khan. One thing they have in common is they are all in their forties with proven track records. For women it is a little different, they tend to be younger and only last a limited number of years as a dominant factor. Kareena Kapoor and Katrina Kaif come closest to assuring a profitable picture, ideally with one of the three male stars.
A few reasons people like these stars include that they are glamourous and they attract a strong supporting team. They get the better directors, writers, music composers, make up artists and the bigger budgets amongst many details. As a movie goer you like to think your preferred stars would choose a good script and would attract a good supporting cast and crew. A few times it doesn't work out that way, but nonetheless as true stars they do attract a much bigger base than their lesser competitors.
Yes, they do have competitors, either those on the way up or those on the way down. One on the way up is Hrithik Roshan who is younger, physically attractive perhaps the best dancer and with a good track record. He was actually picked to break into the American market with "Kites", but for a variety of reasons it failed. He has been in a number of big budget films and probably is going in the right direction. Shahid Kapoor has had a kick at the can, but has not a very impressive track record lately.
Saif Ali Khan, Ajay Devgn, Akshay Kummar, John Abrams and Abischek Bachchan each have a significant following, but seem limited in their projection.
There has to be replacements as these old guys are aging and will fade sooner or later. Some promising prospects include Ranbir Kapoor (son of Rishi Kapoor), Imran Khan (nephew to Aamir Khan) and Rajeev Khandelwal. These three have all tried to extend the type of roles they will accept. That will help spread their appeal. Other prospects might be Emraan Hashmi and Ranveer Singh.

Kalki Koechlin is interesting. She is the daughter of French hippies who settled in India. She has taken on non glamourous challenging roles (with a few exceptions). She married Anurag Kashyap, a top producer. She is definitely a mark of a quality movie, although not necessarily a big box office winner.

Farhan Akhtar is mostly a B actor, but because of his other talents, writing, directing and producing is a good indicator of a movie's success artistically and financially.
For me a most interesting actor is Amitabh Bachchan. A big star from the 70's as romancer and action star he has evolved into a strong father figure and still has the ability to be the main star of movies that are actually written and produced for him. He has had a number of flops, but can still command an audience. One of his most interesting roles was in "Paa" where he played the son of his actual son. Obviously marketing concerns entered the decision, but he and his son, Abischek Bachchan both executed it very well.
Producers with low budgets are always hoping to develop a new star and eventually some of them will succeed. The publicity efforts are mainly to boost a movie, but inevitably help actors develop their own fan base. Personal connection is very important.
I have left out many personalities and that is hard to avoid if keeping this post to a reasonable length. The ones I have mentioned are all capable of not only a good performance, but also drawing in some fans.
The photos represent my favorite stars--the ones that I look to provide a stimulating and entertaining movie.
At top is Shah Rukh Khan in my favorite Bollywood movie, "Swades"
Aamir Khan in "Lagaan"
Vidya Balan in" Kahaani"
Farhan Akhtar with Deepika Padukone in "Karthik Calling Karthik"
I will have to see if any of these are on Netflix so I can check them out!
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