A social film with high melodrama, concerning a peasant (Shantaram) who loses his land to a greedy money-lender and moves to the city where he becomes a mill worker. Taking its cue from the realist tradition, the film counterposes an idyllic rural life (destroyed but the greedy money-lender who uses forged papers to steal the peasant's land) with the harsh city life. The shot of a hut accompanied by a howling dog are regarded as one of the most memorable moments of Indian cinema to date.

Prince Sudhirchandra goes into hiding as an infant when his father gets overthrown by Naagraya, a greedy minister. After 20 years, Sudhirchandra returns to reclaim his throne.

Udaybhanu captures Kamlakumari who is planning to commit Sati and brings her to his fort in Kondana. Tanaji Malusare prepares to attack the fort with fifty soldiers. He manages to scale it but is killed in the battle with Udaybhanu. Chatrapati Shivaji Maharaj arrives and wins the fort but he is despondent on losing his most trusted Lieutenant.