Panchu Kumtekar lives a near-destitute lifestyle in Bombay along with his school-going brother,Shiri. He makes a living as a con-man,gambling and picking pockets with the assistant of another poverty-stricken male,Choti. He has a friend in Ashok who sells Cavendar cigarettes on busy streets by wearing stilts. One day Ashok meets with a maidservant,Sonu Mangeshkar,and both fall in love with each. Shiri is unable to pay his fees and is expelled from school but a local prostitute,Prema,comes to his assistance,much to the initial displeasure of Panchu. But he does change his mind,accepts her help,they fall in love and get married. Ashok then gets employed as a boxer with Sonu's employer,starts earning enough money to support them all,and even moves into a 3 room apartment,while Panchu decides to go honest and finds work as a Peon.