Nandakumar (Saikumar (Malayalam actor)), a business tycoon in Mumbai, faces huge financial loss when his manager Abey Mathew decides to broker a deal with an Australian group and another rival Indian firm. He calls up Jagannadhan (Mohanlal), alias Jagan, his close buddy and business partner asking him to intervene. Jagan lands up at the office of Abey and forces him to withdraw from brokering the deal with the Australian company, there by bringing massive profit to Nandan. In return, Nandan is profuse in his offer of compensation to Jagan, all of which he humbly disavows. Jagan finally demands Nandan a small favor. He wants Nandan to purchase an old palace at Kanimangalam, a village in Kerala, to which Nandan agrees. Jagan also expresses his desire that the palace should be bought in the name of Nandan, and Jagan should be there as a benami of him.
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