Daddy is a family based movie in which, Ashima is looking out for a bike-expect model to star in an advertisement. She gets hold of Raj Kumar (Chiranjeevi) and makes him act in her ad apposite her and she falls in love with Raj Kumar.
When Raj Kumar rejects her love, she opts for a suicide. When she is admitted in the hospital, Prasad (Rejendra Prasad) tells her the flashback of Raj Kumar. Raj Kumar runs a dance school and an audio manufacturing company.
His dance school is meant to satisfy his zeal for dancing and audio company is meant for earning his bread and butter. He falls in love with Shanti (Simran) and gets married to her. Shanti gives birth to Akshaya (baby Akshaya).
Akshaya is very fond of her daddy. Raj Kumar is very fond of his friends. He gives surety for the Chit Fund Company of his friend. His friend ditches Raj Kumar and his entire property is confiscated. Later on, it is revealed that Akshaya is having a heart disease. rest of the story is about all ends well.