The demand of petroleum fuel is increasing day by day. To meet up the energy demand, people of developing countries like Bangladesh basically used energy from indigenous sources, which are reducing quickly. Hence, it should be emphasized to explore unconventional fuel to overwhelm the crisis of petroleum fuels. Koroch (Pongamia pinnata L. Pierre) is a quick-growing leguminous tree that has the ability to grow on marginal land. Higher oil yield as well as physicochemical properties increases the suitability of using Pongamia as a promising substitute for supplying feedstock of biofuel production. Besides biofuel production, P. pinnata has multipurpose uses as traditional medicine to animal feed, bio-pesticides, and bio-fertilizers. A better understanding and knowledge on the ecological distribution, botanical characteristics, physiology, and mode of reproduction along with physicochemical properties, and biosynthesis of oil is essential for sustainable production of biofuel from P. pinnata. In this chapter, we discuss overall biological and physicochemical properties as well as cultivation and propagation methods that provide a fundamentals for exploiting and improving of P. pinnata as a promising renewable source of biofuel feedstock.