The families, Hypoxylaceae and Xylariaceae, constitute a well-known group of fungi, with a distribution that is dominant throughout the world. This article reviews available literature, books, and doctoral theses on this group of fungi, producing a checklist of Hypoxylaceae and Xylariaceae species. A total of 206 species has been identified, including both newly introduced and previously recorded species from India. These species belong to 23 different genera across the two distinct families. Among these, the genus, Xylaria, stands out with the highest number of species (76 spp.), making it the most species-rich genus within the two families. The genus Hypoxylon comes next, as the second most species-bearing genus (36 spp.), followed by the genus Rosellinia, which is the third most species-bearing genus (20 spp.