All these processes have significant effect on the cost of the final product and may even account for more than 60% of total cost for production [11]. Therefore, development of a simplified and cost effective downstream process for microbial polysaccharides is a major challenge for their commercialization. There are several reports on upstream processing of pullulan viz. optimization of carbon sources and other media components and operating conditions like pH, temperature, agitation and aeration during fermentation [3,12]. However, studies on downstream processing of pullulan from cell free fermentation broth are very much limited. In most cases pullulan is recovered from fermentation broth using solvent precipitation techniques where the polysaccharide is precipitated using ethanol and further purified by dialysis. Recently, Kacchwa et al. [13] reported that combination of more than one solvent may result in better yield during solvent precipitation of pullulan from fermentation broth. However, there were no reports of optimized solvent extraction process coupled with suitable combination of different solvents.