Neelakantastudied in Loyola Public School and Loyola College in Vijayawada.Whilehe was doing his schooling, he had the interest in movies.After hisgraduation,he had lost the interest in studies and moved to chennai tojoin film direction. He consider director K.Balachander to be his inspiration.
Neelakanta always wanted to make films which have a striking abalance between Art and Commerce. It materialized with Show followed byMissamma.He received two national awards for Show, one in best screenplay category by beating the extraordinary films like lagaan and other for the Best Feature Film in Telugu.He then made Sada Mee Sevalo with Shriya and Venu in lead roles andlater made a psychological thriller Nandanavanam 120 km. Both floppedat box office but the latter got huge critical acclaim. Then he made MrMedhavi with Genelia and Raja in lead roles that faired at box officeas above average grosser. He also wrote dialogues for Telugu remake ofHindi hit 'A Wednesday' that is being made in Telugu as 'Eenadu' withKamal Hasan and Daggubati Venkatesh.