A rich businessman plans to auction his famous diamond Raajnoor and donate the proceeds to a medical college. He checks into a hotel in Goa together with two boys from the college whom he invites to stay with him.

There are also two thieves who are planning to steal the diamond as well as a Sadhu and a rich lady with her niece who are prospective buyers. They all come to the hotel. Eventually the businessman decides to keep the diamond for himself.