Maranta arundinacea, (L.) belongs to the family Marantaceae. The plant rhizome evaluated for the biochemical and preliminary phytochemical analysis. Nutritional analysis showed that moisture content is (7.6%), ash content (1.2%) carbohydrates (7200mg/100g), proteins (1200mg/100g) and starch (6480mg/100g).Based on this work, concluded that Maranta arundinacea L. rhizome show high nutritional value. It is used as baby food. It is used to treat indigestion, diarrhea and urinary infections. Powdered rhizome of Maranta arundinacea was extracted with methanol and aqueous solvents and tested for phytochemical analysis. Phytochemical analysis revealed the presence of alkaloids, glycosides, flavonoids, terpenoids, saponins and tannins. Based on the phytochemical analysis alkaloids, glycosides and saponins are abundantly present in methanol and aqueous extract. Alkaloids are used in reducing headache and fever. Glycosides are used to cure coughs and circulatory problems. Saponins have anticancer, antioxidant and anti-inflamatory properties and helps in losing weight. Maranta arundinacea rhizome recommended for pharmaceutical industry.