Shilajit, derived from India, is a naturally-occurring mineral substance with a range of components, utilized in the medicinal practices of both Ayurveda and Siddha traditions.Shilajit has been employed for its phytomedicinal effects in addressing various ailments, as well as for nutritional purposes. Shilajit contains rich source of humic substances (like fulvic acid, humic acid), among the over 20 elements it contains are calcium, magnesium, sodium, iron, chromium, and lead. Additionally, it contains hydrocarbons, proteins, carbohydrates, fatty acids, amino acids, and alcohols. Furthermore, about 15-20% of minerals are also present. The diverse range of phytochemicals present in them imparts a more potent impact on human health, coupled with significant antioxidant capacity. Presently, it is being proposed as a potential source for various unique industrial and medicinal products. In literature, a wealth of data provided about geographical description, herb interaction, therapeutic intervention, nanotechnology on and combined approaches Formulation strategies. In this review, there is a comprehensive presentation of information encompassing the phytochemical significance, pharmacology, pharmaceutical impact, and the potential applications in nanotechnology, along with the nutraceutical values of shilajit.