Kiran belongs to a middle class family. His father, Parameswaran, is a retired Government officer. Though Kiran is a B.Tech graduate, he leads an aimless life with no responsibilities of his own.
Nitya is the only daughter of the Bank Manager, Narayanan Nambootiri. She also does the B.Tech course, but has to cross the hurdle of one more paper to graduate. In her attempt to clear the exam, she meets Kiran and during the tutoring sessions they fall in love with each other.
However, their families are against their marriage. They do not have the courage to face the ire of their orthodox families.
It is during this already eventful phase in their lives that a crocodile enters their love life, thus, giving birth to the 'Crocodile Love Story'.