Aathma Bandhuvu is the story of Rao Bahadur Chandrasekharam's (SVR) household and an adopted orphan Ranga (NTR) who considers the household as his the whole lot. Chandrasekharam loses all his wealth after a crash in share costs and his sons present their true colours by not standing by him. Ranga is banished from the home however proves his price when in comparison with blood relations.