A movie with an innovate storyline, Premism initially received negative reviews. However, director Ratnaja, who was yearning for a hit, immediately ordered several cuts to reduce the length by 30 minutes. Subsequently, the movie did well in non-urban centres, particularly in central and north Karnataka.
Premism saw upcoming actors Chetan Chandra, Varun Devaiah and Sunil Raoh deliver their best. This was the first hit of 2010 for actress Amoolya. The movie's success created sudden demand for Chetan Chandra and director Ratnaja. The movie undoubtedly infused freshness into the Kannada film industry.