Machine learning applications employ FFNN (Feed Forward Neural Network) in their discipline enormously. But, it has been observed that the FFNN requisite speed is not up the mark. The fundamental causes of this problem are: 1) for training neural networks, slow gradient descent methods are broadly used and 2) for such methods, there is a need for iteratively tuning hidden layer parameters including biases and weights. To resolve these problems, a new emanant machine learning algorithm, which is a substitution of the feed-forward neural network, entitled as Extreme Learning Machine (ELM) introduced in this paper. ELM also come up with a general learning scheme for the immense diversity of different networks (SLFNs and multilayer networks). According to ELM originators, the learning capacity of networks trained using backpropagation is a thousand times slower than the networks trained using ELM, along with this, ELM models exhibit good generalization performance. ELM is more efficient in contradiction of Least Square Support Vector Machine (LS-SVM), Support Vector Machine (SVM), and rest of the precocious approaches. ELM’s eccentric outline has three main targets: 1) high learning accuracy 2) less human intervention 3) fast learning speed. ELM consider as a greater capacity to achieve global optimum. The distribution of application of ELM incorporates: feature learning, clustering, regression, compression, and classification. With this paper, our goal is to familiarize various ELM variants, their applications, ELM strengths, ELM researches and comparison with other learning algorithms, and many more concepts related to ELM.