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Balaraju is a 1948 Indian Telugu-language swashbuckler fantasy film produced and directed by Ghantasala Balaramayya under the Pratibha Productions banner. It stars Akkineni Nageswara Rao, S. Varalakshmi, and Anjali Devi with music jointly composed by Ghantasala, Galipenchala Narasimha Rao and C. R. Subbaraman. The film was recorded as an Industry Hit at the box office and was the first Telugu Silver Jubilee film.