Badal Singh is a young man whose father was brutally killed for not being able to pay the revenue to the collectors. The king is away, and the kingdom is ruled by a greedy Jagirdar. Badal, in order to exact revenge upon his father's murderers, forms a group of village man who steal from the Jagirdar's palace and distribute the stolen money among the people. An old Jagirdar, has to thus, announce a reward of hundred golden coins for the person who would bring Badal to his feet, but no one is able to catch him.

One day, Badal and his group get to learn that the Jagirdar's young daughter Ratna is coming back to the kingdom from her maternal home. Unlike her father, Ratna is a childish and happy girl who loves riding horses. Badal's friend Himmat stops Ratna's palanquin en route, kidnaps her and takes her to Badal's hiding place. Ratna has not yet seen Badal; Badal asks Himmat to pose as him and he himself dons a disguise of Baga Singh. Badal (as Baga) indulges in a fake fight with Himmat (who is acting as Badal) in front of Ratna and saves her. He takes her to the palace singing a song for her. Ratna is impressed by his personality and singing talent, and slowly falls in love with him as Baga Singh. They begin meeting and romancing each other frequently, without the knowledge of the Jagirdar.

One day, Ratna goes to Badal/Baga's house (which is actually his friend Myna's living place, and he lives as a guest there). Jai Singh, Ratna's fiancée follows her to Myna's house. When Ratna is talking with Baga, Jai, hidden behind a pillar, recognises him as Badal. A sword fight takes place between Baga and Jai, in which Badal's true identity is revealed. A heartbroken Ratna leaves his house in disgust. Now how will Badal make Ratna understand his motive? Will they ever reunite? What will happen to his father's revenge?