Gunasundari Katha is a 1949 Telugu language film directed by Kadiri Venkata Reddy starring Sriranjani in the title role as Gunasundari. It is loosely based on William Shakespeare's King Lear. "Sri Tulasi Jaya Tulasi", sung by P. Leela, was a hit with the public. Story, Dialogues and Songs were byPingali Nagendra Rao. While Screen play was by Kadiri Venkata Reddy, Kamalakara Kameswara Rao. Kamalakara Kameswara Rao was also Associate Director.
King Ugrasena (Govindarajula Subba Rao) of Dhara Nagaram has three daughters – Rupasundari (Shantakumari), Hemasundari (Malathi) and Gunasundari (Sriranjani). Rupa and Hema are married to their cousins, Haramati (Subba Rao) and Kalamati (Relangi).