Srimathi movie revolves around the character of Upendra who is a successful businessman. He has everything going for him, including a lovely wife . Just when he thinks things can`t get any better, his ex-girlfriend, now the boss`s wife - walks back into his life - and she wants Upendra. After he rejects her sexual advances, she accuses him of rape. But he soon turns the tables on the ex-girlfriend and sues her for sexual harassment along with the help of his wife.