Krishna Murthy (Rajendra Prasad), son of rich industrialist Satyanarayana (Nutan Prasad) falls in love with Padma (Rajani). But when Krishnas father comes to know that Padma is the daughter of a greedy miser Lakshmipathy (Kota Srinivasa Rao), he challenges his son to convince Lakshmipathy to marry his daughter without revealing that he belongs to a rich family. Rest of the story is about Krishna's efforts to impress Lakshmipathy by acting like a miser himself. Brahmanandam making his debut in this film as the male servant at Lakshmipathy's house .
It was released on 27 November 1987. Since then it has developed a cult following among its fans. It was both critically and commercially well received.