The present study focuses attention on the production of extracellular polysaccharide (EPS) by bacterial endophytes of Ricinus communis L. Among the 28 endophytic bacterial isolates screened for EPS production, a potent isolate identifi ed as Bacillus cereus RCR 08 (GenBank accession number MF159112) produced signifi cant amount of EPS in mineral salts medium under batch culture. In single factor system of analysis, glucose and ammonium chloride were most suitable carbon and nitrogen sources respectively for EPS production. Maximum growth (7.1 g/L) and EPS yield (10.24 g/L) was attained when glucose and ammonium chloride were used in the ratio of 25:1. The isolated polymer contained carbohydrate (88.8%), protein (3.18%), RNA (6.0%) as well as DNA (3.2%) and showed characteristic FTIR absorption spectrum with peaks at 3404, 2,933, 1,655, and 1,042 cm −1. The emulsifying activity of the EPS was more or less comparable with Tween 80. Though the EPS failed to show any antibacterial activity, it exhibited moderate DPPH radical scavenging activity and displayed a dose-dependent cytotoxic activity against hepato cellular carcinoma (Huh 7.5) cell line in MTT assay. A detailed physico-chemical analysis is, therefore, essential to assess the signifi cance and potential importance of this endophytic EPS in biotechnology.