The present study is an attempt to update the taxonomic information on prawns of the genus Penaeus Fabricius, 1798 under the family of Penaeidae Rafinesque – Schmaltz, 1815, found in Indian water. This study focuses on the species composition, their distribution in Indian water and elsewhere and aspect of fishery. The Family of Penaeidae is represented by 30 genera (Chanda, 2016) of which 20 genera are found in Indian water. In the present study, Indian water represents 12 species under the genus of Penaeus Fabricius, 1798. The results presented here provide an insight into the macro-faunal diversity of the study area, and have established a baseline for future studies.