Shilajit is naturally found substance, also termed as shilajatu, salajit, mummiyo, or mimie. It is blackish powder obtained from high mountain rocks, especially in the Himalayans mountains. It has been used by Ayurvedic medicines to cure several disorders and to improve the quality of life. To support its rasayana property, an effort has been made to review shilajit with respect to its origin, variations, physical properties, purification, medicinal properties, and significant biological properties. Shilajit has been demonstrated to offer different health advantages based on the area from where it was harvested. Antioxidant activity and immuno-modulatory activity were highlighted among the many biological characteristics of shilajit since they are strongly related to its rasayana potential. The present review finds the various types and qualities of biomarkers in shilajit which ensure the quality, safety and effectiveness of shilajit.