Malleswari (Katrina Kaif) is a story of a beautiful princess who is the heiress of Raja of Mirjapur. Her father, the King, in his will writes that the princess would inherit property worth 750 crores at the age of 21, until when her uncle Bhavani Prasad (Kota Srinivas Rao) would be the care taker of the property. And it’s none other than Bhavani Prasad, who plans to inherit the property by eliminating the princess.
To keep Malleswari safe from the goons, she is sent to her uncles’ (Tanikella Barani) house in Vizag, so that she can live with anonymity.
Prasad (Venky) a bachelor, working as a bank accountant in Vizag, who has been desperately seeking for marriage alliance for the past seven years. He would be looking at every unmarried girl with dreams in his eyes. Just call him 'Pellikaani Prasad' and he would get instantly irritated. He accidentally meets Malleswari and falls in love. Bhavani on finding Malleswaris where abouts, sends his goons to Vizag, to eliminate her. Neck deep in love by now, Prasad locks horns with the goons to save his new found love.