Penn
The action revolves around two friends played by Vyjayanthimala and Anjali Devi. In Tamil.
Starring Vyjayanthimala, Anjali Devi, Gemini Ganesan, S. Balachander, S. V. Sahasranamam, K. Sarangapani, Chittor V. Nagaiah, V. K. Ramasamy, P. D. Sambandam
Watch "Penn" on Amazon released in 1954. It's a drama movie, and has a rating of 7.1 out of 10 from Imdb which is usually fine for this kind of movie, and is currently only available for purchase or rent.