Ela Cheppanu is an Romance based movie. In which, Sekhar (Tarun) is a successful business manager in Hyderabad who is an alumnus of IIM. He meets Amar Varma (Siva Balaji) at a party. Amar Varma is an NRI from Germany who owns Varma industries out there. While driving back to his home, Sekhar accidentally speeds his vehicle into pedestrian Amar Varma. Amar Varma dies in the accident.

Sekhar's friend Sunil (Sunil) manages everything and makes sure that the police could not trace Sekhar and Sunil. It's 6 months since the accident happened and Sekhar could not come out of the guilty feeling. He joins Sunil and visits Germany.

He gets in touch with the family of Amar Varma. He realizes that the entire family of Amar depended on him for survival. And Varma Industries is bankrupt. Priya (Shriya), love and fiancée of Amar Varma.The rest of the film is all about how Sekhar solves all the problems of Amar's family.