ElakanadiKashayam is an ayurvedic decoction prescribed for treating various chronic respiratory disorders. It is a highly unexplored medicine and based on the composition of this formulation, it is expected to have properties other than what it is generally prescribed for. We assayed the biochemical properties and evaluated the anti-inflammatory, anti-oxidant and anticancer properties of the ElakanadiKashayam. We identified the presence of alkaloids, glycosides, phytosterols, flavonoids and tannins along with others in the composition. The in vitro studies proved the anti-inflammatory and anti-oxidant potential along with their ability to deter the proliferation of cancer cells proving their anti-cancer potential too.