Earlier mushrooms were consumed mainly for their palatability and unique flavours, but their use as to meet specific nutrient requirements and medicinal purposes is recent one. Pharmaceutical substances with potent and unique health enhancing properties have been isolated from a number of medicinal mushrooms. The modern research support that mushrooms consists of a valuable source of biologically active compounds having significant antioxidant activity and protecting cellular DNA from oxidative damage. The present communication involves the evaluation of antioxidant potential of some mushrooms viz. Coprinus plicatilis, Lentinus tigrinus, Ganoderma applaunatum, Helvella crispa and Flammulina velutipes growing wild in Kashmir. Among them Lentinus tigrinus proved to be having highest antioxidant potential where as Helevella crispa with least antioxidant potential, but all the selected species of mushroom come out with more or less positive results.