The modern day management & leadership needs more learnings from the heroic character appeared in the ancient Indian scriptures such as Valmiki Ramayana, one of the most admired texts of India has numerous lessons on management & leadership. There are many characters involved in Ramayana apart of Rama from whom we can learn new aspects of management and can easily correlate with modern principles of management. Many authors have researched on Ramayana by keeping Rama as an integral part of their study, but we sneak up further to explore other characters as well through the perceptive of management, managerial & leadership qualities to get extended lessons from such ignored intellectual characters. Therefore the need of extended analysis on the epic Ramayana is become essential to preserve individual and family values, explore managerial & leadership skills & ethics in work, while they are working hard to achieve success and happiness and we have found in our studies that Ramayana can provide the critical way to solve these modern-day problems through the persuasion of management principles.