The plant Grewia genus belonging to the family Malvaceae. This genus includes multipurpose plant species which are the source of food, fodder, fiber, fuel wood, timber and a range of traditional medicines that cure various perilous diseases and have mild antibiotic properties. The plant preparations can be used for the treatment of bone fracture and for bone strengthening and tissue healing. The fruits are used for promoting fertility in females and are considered in special diets for pregnant women and anemic children. The plant is adapted to high temperatures and dry conditions and has deep roots which stabilize sand dunes. The shrubs play effectively for rehabilitation of wastelands. The plant parts are rich in amino acids and mineral elements and contain some pharmacologically active constituents. The plant is identified in trade for its fruits. Plants of this genus can be sold as wild species of medicinal and aromatic plant and is direct or indirect source of income for the tribal people. But the prolonged seed dormancy is a typical feature and vegetative propagation is not well characterized for the plant. Micropropagation by tissue culture techniques may play an effective role for plant conservation. The plant needs phytochemical and pharmacological investigations on a wider range which may have great scope in near future. Thus, efforts are needed to conserve, domesticate and cultivate the plant. This paper reviews the plant’s medicinal aspects and chemical constituents, also provides brief information of plant bioprospecting and its manifest market values.