Yes!!
My First instance Now, look at her. Her name is Ramya Krishnan. There's no one in India as Versatile as she is (at least not that I can think of). Her career spans over 32 years now and she's acted in more than 200 films, in all south Indian languages (Tamil, Telugu, Kannada and Malayalam). She's been part of a couple of Hindi movies too.
She dons a complete glam avatar.
And look at this - A typical South Indian House wife
She plays a typical heroine.
Oh No, she has wonderfully portrayed a negative role too. (Which probably is the best in any Indian Language)
Oh God, she comes out as a Goddess
Wait, she plays a devil too
She's a trained Bharatanatyam dancer.
Not to forget, she has done Item numbers too.
Finally, she's played a pivotal role, Shivagami, in the recent movie rage, Bahubali. And most critics agreed that she's the best in the movie.
More details - Ramya Krishnan
Ramya Krishnan filmography
Second Instance, Dr. RajKumar
He plays a James Bond Kind of character -
Then he does a farmer, conveying an excellent message -
You no where can see him in this look, a King -
And then, a God -
An exceptional devotee too -
Killer comedy sense -
An innocent act that can win everything
Negative roles too are in his kitty -
He's probably the only one who could Sing exceptionally well, being an actor in the first place. BTW, he has won National award for Best Playback singing.
And again, the only one who could see the transition from Historic movies to total Action movies to today's kind of movies.
Check here - Rajkumar (actor)
Rajkumar filmography
There are quite a few actors in South India who are great, for instance,
Kamal Hassan - 4 National Awards
Sharada - 3 National Awards
Mammotty - 3 National Awards
Shobhana - 2 National Awards
Mohanlal - 2 National Awards
Doesn't mean Bollywood doesn't have good actors, Of course there are a good number of excellent performers.
But, going by the numbers, I feel South Indian together has way- lot more number of good actors than Bollywood at this moment. Also, because, South Indian movies (Not all of them of course) are more content-driven.