The present work offers a review addressing the chemistry and pharmacology of Limnophila aromatica (Lamk.) Merr. (Belonging to Scrophulariaceae family) regarded as one of the most significant plant species in traditional system of medicine and is established as a source of flavonoids, terpenoids etc. The isolated phytochemicals as well as different extracts exhibited significant biological activities such as antimicrobial, antioxidant, vascular protective activities. Exhaustive research regarding isolation of more phytochemicals and pharmacology study on this medicinal plant is still necessary so as to explore the plant regarding its medicinal importance. Therefore, the aim of this review is to boost up present day researchers in this direction to undertake further investigation of this plant for searching new drugs. The present review covers literature up to January 2014 and enlists 24 references.