The female lead character Lakshmi Devi is a fictionalised version of Rani Lakshmi Bai, while the Chinese-looking antagonist is an allusion to the Sino-Indian War.[3]
Veeranganai was released on 22 August 1964.[5]The Indian Express wrote that the film "really does not lack valour. In fact it has much of it, rather too much, thanks to stock shots and well-taken fencing sequences. Minus these, it is somewhat damp and at time, childish. Nevertheless, in its class, the film is better than many others".[3]Kalki also reviewed the film.[6]