Ramadasu, a devious zamindar who recently acquired the colonial title of "Rao Bahadur", is a perennial debtor who believes in leading a luxurious life on credit. His shrewd, schizophrenic manager Bhaja Govindam placates angry creditors with false promises. Dewan Bahadur Mukunda Rao, a wealthy, generous zamindar, is searching for a royal bridegroom for his granddaughter Manjari. Ramadasu plans to marry his son Raghu, a doctor practising in London, to Manjari to pay his debts. Unbeknownst to his father, though, Raghu has married a woman named Leela.

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