Varadanayaka movie is a remake of Telugu movie Lakshyam. The Story starts with a flashback. Sudeep is a sincere and honest cop happily married and lives with his parents and younger brother Chiranjeevi Sarja.
Chiranjeevi Sarja is a college student and he falls in love with his classmate Nikesha Patel. Enter the villain who is prominent for compensation and land deals. He will kills anyone who comes in his way and does not leave any witness behind. With the help of a conniving DGP and a politician he takes a loan of 100 crores from a private bank.
When the payment falls due he decides to eliminate the bank chairman so he kills the bank's chairman and puts the blame on Sudeep. What happens next will form the climax of the movie.