Balaraju is a 1948 Indian Telugu language swashbuckler fantasy film, produced and directed by Ghantasala Balaramaiah under the Pratibha Productions banner. It stars Akkineni Nageswara Rao and S. Varalakshmi, with music jointly composed by Ghantasala, Galipenchala Narasimha Rao and C. R. Subbaraman.