Seth Madhavadas' only son Laxmidas aka Bachuseth (Gangaram) is brought up with affection but also strict discipline. Surviving on a small allowance, he cannot sustain his expensive habits, particularly after he is befriended by the scoundrels Harilal and Chiman who try to exploit his family's wealth. Madhavadas dies leaving his son in the car of his trusted manager. Bachuseth then meets the actress Roshanara, a lady of ill repute who, with Harilal and Chiman, entices him to a gambling den. The villains tell Bachuseth that his wife is having an affair with Kundan, the son of his manager-guardian. Bachuseth dismisses the manager and his son and, gradually, Harilal and Chiman take over the business, including the inherited wealth, leaving Bachuseth a pauper. He is eventually helped by the sacked Kundan.