Potentilla fulgens has been extensively used in folk medicine by the local people of Meghalaya in North East India. Traditionally, the root-stock and the whole plant, Potentilla fulgens are utilized as astringent and tonic for curing the gums from tooth ailments. The aqueous root peel extract of this plant is consumed to get rid of intestinal infections and also the tap root is traditionally chewed along with betel nut (Areca catechu) and betel leaves (Piper betel) for various ailments. North East India has maximum incidence and occurrence of different types of oral cancer due to consumption of tobacco, tobacco related compounds and alcohol. Taking into consideration its high medicinal value and popularity of the plant, we have tried to compile and update the latest research work carried out by other workers and to explore its potential as anticancer therapy with a futuristic approach. Subsequently, the plant has been studied in detail on its various pharmacological activity by few researchers and two reviews were already published in the years 2009 and 2011, encompassing its pharmacological, taxonomical, phytochemical attributes. So, our aim was to explore the latest work done so far post 2011.