This study was to evaluate extracts of Euphorbia zeylanicum for anti-fungal activity, cactus-like plant of the family Euphorbiaceae commonly called shend by the people in sangli district. The stem-bark and latex of this plant were extracted using 50%-methanol, water and absolute methanol. Antifungal effect of the extracts was evaluated using the Time kill assay. Strains of Aspegillus, Rhizopus, Mucor, Rodotorula, Geotricum, Basidiobolus, Trichophyton, Microsporum, Epidermophyton and Candida species were used as test fungi for the study. The extraction of the stem-bark yield 18%,15% and 25% for absolute methanol, water and 50% methanol, respectively, while the latex yield 13%, 12% and 15% for absolute methanol water and 50% methanol extracts respectively. There was a significant difference in the growth inhibition by the 50% methanol extracts of the stem-bark and latex (P=0.5) with significant means of 5.361 and 7.1086 respectively. Candida albicans was the most susceptible of the yeasts tested (MIC 90 0.313 mg/ml) and significant mean of, 0.896 and M. gypseum the least susceptible of the dermatophytes tested significant mean 14.641. In the time kill assay, the results showed that T. mentagrophytes, M. gypseum and E. floccosum cells were killed by the higher concentrations (4 MIC and 2 MIC) of the plant extracts. The plant extracts showed broad spectrum of activity against fungi tested.