During the last few years, research based on energy saving technologies is being given high priority all over the world. General lighting is one area in which large quantity of electrical energy is being spend and substantial energy saving is possible by using energy saving technologies. Conventional light sources like incandescent filament lamps in which a major part of the energy is wasted as heat and is a less energy efficient technology is being phased out. Other technologies like gas filled electrical discharge lamps are more efficient but are polluting. Therefore there is a need for energy efficient and clean light source and solid state lighting is one of the ways to address the problem Organic light emitting diodes (OLED) is a new technology which has the potential to replace the existing lighting technologies. The attraction to organic semiconductors for lighting and display application has started during 1950-1960 because of the high fluorescence quantum efficiency exhibited by some organic molecules and their ability to generate a wide variety of colors. Study of electroluminescence (EL) in organic semiconductors have started in 1950s by Bernanose et.al (1953) using dispersed polymer films This was followed by the study of electroluminescence in anthracene single crystals by Pope et al (1963) and W.Helfrich et.al. (1965) who has studied the fundamental aspects of light generation in OLEDs. Since the single crystal based anthracence OLEDs fabricated by Pope et al (1963) were very thick and worked at very high voltages, the devices were not commercialized. In 1987, Tang and VanSlyke (1987) of Eastman Kodak has demonstrated a highly efficient multi layer OLED device based on vacuum evaporated aluminum tris 8-hydroxy quonoline (Alq3)as the emitter material. The device had different layers for hole transporting, electron transporting and light emission. Transparent Indium Tin Oxide (ITO) and aluminum metal were the anode and cathode respectively. Quantum efficiency and luminescence efficiency of 1% and 1lm/W respectively were considered enough for commercial application. This work has stimulated a very intense activity in the field of Organic electroluminescence. Numerous improvements in device structure and addition of more layers having different functionalities were incorporated and are now on the verge of commercialization. Further, the developments in conjugated polymers by Heeger, MacDiarmid, and Shirakawa in 10