Babu "Sathyan" is a rich planter and businessman. For Babu, life is meant to be enjoyed to the full. In Bangalore he befriends Chandran "Nellikkodu Bhaskaran" who had come in search of a job. Chandran stays with Babu in a hotel. Here, Chandran meets Malathi "Sarada" who is also job-hunting. Babu helps them get jobs. Chandran is in love with Malathi, while Babu also has an eye on Malathi. Soon, Malathi falls into Babu's evil trap. And the moment Babu knows that Malathi is pregnant, abandons her. Chandran gives refuge to Malathi. They fail to locate Babu's whereabouts despite their continued search. Malathi dies after giving birth to a baby girl. Malathi's father Sreedharan Nair "Premji" takes the child to their native village in Kerala. Malathi's younger sister Shari "Vasanthi" looks after the child, Thankamani "Baby Sreelatha". Fed up with a wasted life Babu returns to his estate bungalow in Kerala. Here he becomes friends with Thankamani. He goes on to meet and marry the child's aunt Shari not knowing the identity of Thankamani. In due course, Babu finds Thankamani an irritant in his married life. He even suspects that Thankamani is Shari's daughter and begins to ill-treat her. Babu's attempt to send Thankamani to Sreedharan Nair's house is objected to by Shari. Angered, Babu leaves for Bangalore. Babu meets Chandran and comes to know that Thankamani is his daughter. Babu repents his cruelty towards Malathi and Shari. He returns to the village and confesses to Sreedharan Nair and Shari. He lives happily with Shari and Thankamani bringing the film to a happy ending.