Herbal medicinal plant played an important role since ancient times in treating various chronic diseases. Frequent use of pharmaceutical drugs and its side effects have led to more research based study on traditionally available plants and folk remedies. Flacourtia indica (Burm.f.) Merr. is one such medicinally important plant which is commonly distributed Bangladesh, few parts of India and is becoming threatened day by day. It has immense potentiality as a medicinal plant and possess beneficial effects such as Antiasthmetic, antimalarial, antioxidant, hepatoprotective, antidiabetic, antianxiety, diuretic etc. These activities can be attributed mainly to the presence of various bioactive compounds or phytochemicals. The aim of this paper is to find out the phytochemical constituent of this plant, antimicrobial properties and standardize the invitro shoot culture techniques which will help to preserve the plant species and summarize the importance of this plant containing potent medicinal value and the research work being carried out till now.