Plants have always been an indispensable part of human life since the beginning of human civilisation. Withania somnifera (L.) DUNAL, popularly known as Wintercherry or Indian Ginseng, is widely considered as Ashwagandha. In Ayurveda, it is classified as a Rasayana (rejuvenation) and projected to promote mental and physical health, rejuvenate the body in debilitated conditions and increase longevity. Due to its beneficial chemical constituents, the herb possesses a broad spectrum of biological activities and is used to treat a variety of diseases affecting human health. These include Cardioprotective activity, Anti-cancer activity, Immunomodulatory activity, Neuroprotective activity, Antimicrobial activity, Anti-stress activity,Anti-diabetic activity and Anti-inflammatory activity. The present review discusses the pharmacological importance of Withania somnifera and its important constituents.