Saridey Varalakshmi (13 August 1925 – 22 September 2009) was an Indian actress and singer who worked in Telugu and Tamil-language films.

T. R. Sundaram, cast her in a major role in his box office hit 'Aayiram Thalai Vaangi Apoorva Chinthamani' (1947).

She later acted with all top heroes in Telugu and Tamil industries including M K Tyagaraja Bhagavatar in the classic Tamil film by B A Subba Rao called 'Syamala' in 1953; Sivaji Ganesan (Veerapandiya Kattabbomman), M. G. Ramachandran (Chakravarthi Thirumagal, Maattukara Velan, Needhikku Thalaivanangu), Gemini Ganesan (Poova Thalaiya, Panama Pasama), N. T. Rama Rao (Satya Harischandra), A. Nageswara Rao(ANR) (Balaraju), V. Nagayya (Naga Panchami), Ranjan (En Magan) and R. S. Manohar (Maamiyaar).

Her roles as Sivaji's wife in Veerapandiya Kattabomman, and important roles in Poova Thalaiya, Savale Samali, Maattukkara Velan, Shivaji's sister in Raja Raja Chozhan and Neethikku thalaivanangu won her critical acclaim as a talented singer and actress in Tamil movies.

She married film producer A. L. Srinivasan, an elder brother of Kavignar Kannadasan; they had two children named Nalini and Muruga She continued to act after marriage in senior roles in Telugu and Tamil cinema.