Padmakumar is one of the young directors in Malluwood who couldn't make it to top even after doing films which managed good opinion from the masses. The two films that he did before Ammakilikoodu and Vargam - both featuring Prithviraj, definitely invited good initials and better reviews. Now he is trying his luck the third time with the same lead actor Prithviraj and his crew. This time he is attempting the story of a youth who rose to power from a background immersed in family chaos and economic crisis.

Raghavan Master, a scion of a high Namboothiri family and an ardent communist considered his party more than his family or any other relations. He, in the course of increasing his party's holds and preaching party ideals sold away much of his ancestral property and all that is left now is the ancestral home, devoid of the fame and fortune it once had. Balachanbran Adiga is his only son who has the burden of looking after his family and his four nubile daughter's. His father's irresponsible behaviors led to hate politicians and politics. He knows the difficulties involved in bringing the family back from the brink of nothingness and in marrying off his sisters and for that he adopts a very pragmatic approach to life.

Balachandran's eldest sister Shobha does some tailoring and manges a low earning with which the family is kept out of hunger. Not withstanding the family chaos Balachandran's younger sister Shubha walks out with Adivasi leader Sreedharan, causing irreparable damage to the family reputation. Following this incident his mother dies, and he is forced to forget his murappennu and childhood playmate Sumitra and is compelled to marry Surabhi a girl from a rich family, to tackle the serious economic adversities that his family faces. Sumithra who forces Balachandran to risk their dreams for the sake of his family finally marries a cruel and corrupt police officer.

At this juncture Balachandran gets a job at the Secretariat. He deliberately pretend himself as a bachelor which gives space for Nirmala to make a try in his life. Balachandran manages the situation well and with the help of Nirmala, he climbs the ladder of beaurocracy in a rather speedy way. Vaasthavam traces the growth of Balachandran, from a lowly clerk to a position to an ultimate beaurocrat who can control every sectors of administration of the State.

The film with a gripping story line  provided by Babu Janardanan, features Prithviraj as Balachandran. The film has three heroines - Kavyamadhavan as Sumithra, Samvrutha Sunil as Surabhi and Sindhu menon as Nirmala.

The other prominent stars in the movie includes Murali, Jagathy, Jagdheesh, T.G.Ravi, Sreeraaman, Madhupaal, Salimkumar, Soorya, Sona Nair and Manka Mahesh.

The music department of the movie is handled by Girish Puthenchery and Alex Paul. Manoj Pillai wields the camera while L. Bhoomidhan does the editing. The film produced in the banner of Sreechakra films is in its last phase of shooting at Kochi and Thiruvananthapuram.