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.

Ayodhyecha Raja, literally "The King of Ayodhya", was the first Marathi talkie. It is based on the mythological story of Raja Harishchandra of Ayodhya and his test by sage Vishwamitra, as recounted in Valmiki's epic, Ramayana. The film was also made as a double-version, Ayodhya Ka Raja (1932) in Hindi, making it the first double version talkie of Indian cinema.

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.

This is a Puranic tale, which, by all accounts, was a grand mythological spectacle full of miracles and fantasy scenes with special effects. Chitnis played the god Shanker, and Suresh played the sage Narada.