Paramacrobiotus species have been described in almost every corner of the world. To date, 45 species have been reported from this genus. Among which, 13 belong to the areolatus group (without a microplacoid) and 32 belong to the richtersi group (with a microplacoid). The species’ presence in different climatic conditions and habitats provides evidence of their adaptation to various harsh environments. The species of the genus are both bisexual (diploid) and parthenogenetic (triploid). The bisexual species have external fertilization. And they are omnivorous whose diet consists of certain cyanobacteria, algae, fungi, rotifers, nematodes and juvenile tardigrades. The life history of species from this genus varies from species to species. Because the species has a strong predilection for cryptobiosis, numerous investigations involving anhydrobiosis have been conducted utilizing specimens from varied Paramacrobiotus species to date. In this review, we provide a concise summary of changes observed due to various cryptobiotic conditions in many species of this genus, the geographical distribution of all the species, feeding behaviour, life history, microbiome community, Wolbachia endosymbiont identification, reproduction, phylogeny and general taxonomy of the species from the genus Paramacrobiotus. Furthermore, we provide a new diagnostic key to the genus Paramacrobiotus based on the morphological and morphometric characters of adults and eggs.